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.
Our Life-Changing Debt Solutions are designed to permanently get you out of debt once and for all – so you can stop worrying and start living again.
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.
It’s not very often a bankruptcy is advertised in the newspaper — in fact, only about five percent of bankruptcies filed are ever listed in the paper. So, who does find out when you file for bankruptcy?
The trustee doesn’t inform your employer, nor do we inform your bank if you don’t owe the bank any money.
A common question I’m asked is, “does the trustee have to tell every creditor you filed for bankruptcy?” Yes, we have to inform every creditor, including your secured creditors — meaning, if you have a car loan or a mortgage with a bank or a lender then they will be notified of your bankruptcy, even if you are up-to-date with your payments.
However, it doesn’t mean you can’t keep your car or house. In fact, if you keep making your payments and don’t fall behind then the creditor cannot stop taking your payments.
Despite this, anyone can conduct a bankruptcy name search on the Office of the Superintendent of Bankruptcy website. It currently costs $8.00 for a simple search. You probably didn’t know you could to this search and most likely, no one you know knows this fact either.
As you can see, it’s not easy for someone to find out if you filed for bankruptcy.
Finally, even if someone did find out you went bankrupt you can take pride knowing you didn’t hide from your debt problem and you dealt with it in a legal, upstanding manner. And if you do tell some friends or family that you filed for bankruptcy, you’ll be surprised that others often will then tell you they have also filed — you just never found out before.
Based out of Kelowna,
Dean Prentice, CIRP, LIT, is a Licensed Insolvency Trustee and Senior Vice President at MNP LTD. To learn more about how MNP Debt can help, contact our local office at 1.877.898.2580 or toll-free at 310.DEBT (310.3328).
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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