If you’re looking to break free of personal debt once and for all, we can help. We provide debt and bankruptcy solutions that are life-changing and permanent, so you can erase debt from your life.
Debt can be overwhelming. For that reason, our Licensed Insolvency Trustees are always here for you. let’s discuss the options available to you. Your debt-free future starts now.
The debt load is now overwhelming. This is not where you thought you would ever find yourself. After trying everything you can think of to manage it, you see no light at the end of the tunnel and you know it’s time to consult with a Licensed Insolvency Trustee about your options. It’s possible that filing for bankruptcy might be your best option. You are concerned though, because the last thing you want is to lose everything. Sound familiar?
The good news is the process is not intended to cause an honest but unfortunate debtor undue hardship and there are asset exemptions both federally and specific to the province of Manitoba, that protect certain assets from seizure.
The Executions Act of Manitoba provides that the following assets are exempt from seizure:
The Registered Retirement Savings Protection Act of Manitoba provides that in respect of RRSP’s, RRIF’s and DPSP’s, all rights, property and interest of a plan holder in such registered plans are exempt from any enforcement process.
Certain life insurance policies are exempt from seizure as long as the beneficiary (or beneficiaries) is a parent, spouse or child.
Confronting your debt can be overwhelming. It’s important to have a thorough understanding of all the options available to you and the impact they may have. If you find that your current debt load obligations and on-going living expenses don’t align with your income, MNP Ltd. is here to help. A free, no-obligation consultation with a Licensed Insolvency Trustee can give you the information you need and the peace of mind necessary to choose the best route for you as you work towards a stronger financial future.
Laura Ryback is a Licensed Insolvency Trustee in our Winnipeg office. To learn more about how MNP Debt can help you, contact our local office at 204.336.6167.
Our team of Licensed Insolvency Trustees will help you
explore the debt relief options available to you and
together we will find the solution that best fits your
situation. Set up your FREE, no obligation consultation
MNP is committed to protecting your
privacy. We promise to keep all of the information you share
with us confidential.
*310-DEBT doesn’t operate in MB, NW ON and QC.
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