MNP Debt Blog

My question is......I have Power of Attorney over someone. Can I declare personal bankruptcy on behalf of that person?

Is there a limit to the number of phone calls you need recieve from your creditors. We are bonbarded with 8-9 calls every week even tho we have explained repeatedly why the payments going in are not as large as they want. The phone calls are starting...

When getting into business you want to ensure your personal assets are not put at risk in the event the business fails.

If you file bankruptcy and your mother, who has gone bankrupt in the past, passes away and you inherit life insurance of 25000 between you and your sibling do you have to hand your share over to the bankruptcy. Will they attempt to take it all.

I was wondering if you could tell me if it was legal for a company to put a lien on me if i claimed bankruptcy???

As Canadians, we have a number of choices available to us in determining the best solution for managing our debts. Obviously, everyone’s circumstances will be a bit different, it's best to ask a few questions first to better understand your needs.

I have a judgement on my house from BMO for default on an unsecured credit card, would that be removed in bankruptcy?

I’ve been bankrupt before – if I need to file for bankruptcy again, how long will I be in bankruptcy?

Is there a limit or guide line to how much of your wage can be garnished. We are currently handing over about 65% and it is making keeping day to day obligations very difficult to meet.

I was just wondering what the cost was to the person filing bankruptcy. I have heard that you loose your gst return, your tax return. I know that you are allowed to take home a certain household amount and anything over that goes to your creditors.