2026-06-23
Budgeting for post grads A trustees guide to financial confidence after graduation
A Licensed Insolvency Trustee shares simple budgeting tips to help graduates manage money, reduce debt and build confidence.
Bankruptcy 101 Step 5 Fresh Start
2011-11-21
Upon discharge, an individual is released from his or her debts and will generally have no further obligations to the trustee. At this point, an individual has a fresh start and can move forward in a positive direction. A first-time bankruptcy will stay on an individual’s credit record for a period of six years following discharge. Despite the notation on the credit bureau, an individual can begin to rebuild credit immediately following bankruptcy.Click here for tips on rebuilding credit after bankruptcy. The foregoing is intended to provide a general overview of the bankruptcy process in Canada. For specific information on how bankruptcy will affect you - and to find out if there are other options - please contact a trustee at MNP Ltd. in your area.More from this series:Step 1 - Meet with a Trustee to Review Your OptionsStep 2 - Filing for BankruptcyStep 3 - Being in BankruptcyStep 4 - Discharged from Bankruptcy
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How to improve your savings: Two tips from my father
Money wasn’t something my dad talked about very much when I was growing up. However, he did have a couple of expressions he would share repeatedly over the years.
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Life after debt: What’s next and how to avoid repeating debt
What happens after a Consumer Proposal or a Bankruptcy? These steps can help you rebuild your credit rating and manage your credit effectively.
