2010-03-15
That's a really good question.....and something we see a lot of. I usually tell people who contact us, or their lawyers, that they should meet with their lawyer and with the bankruptcy Trustee at the same time. Not meaning in the same meeting......but if you meet with the lawyer on 1 day, you should be talking to the Trustee on the next. It can make a big difference to a few things if you file for bankruptcy first or 2nd, if you leave the matrimonial home before or after bankruptcy, if you sign off on some assets. For example....your spousal support payment could be different if you've already filed for bankruptcy. Your matrimonial agreement could be challenged if you agree to take on certain debt, and then end up filing for bankruptcy over that debt. You need to be careful about transferred away assets if you are insolvent. If you own a matrimonial home together, filing for bankruptcy can affect what each of you will get to keep out of the property. I would recommend that you contact one of our counsellors to discuss the specifics of your situation. At the same time, getting legal advice if you need it regarding the divorce. There may be assets you can protect......or could lose....depending on what you file first. Our offices and Trustees/counsellors can be found on our website athttp://www.mnpdebt.ca/contact/alberta/default.aspx Donna Carson, CGA, CIRP, Trustee Calgary and Central Alberta regions 1.877.500.0792 [email protected]
2025-11-17
November 16-22, 2025 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and sharing information as to how family and friends can create support networks.
2025-11-13
Debt Solutions
Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.
2025-11-12
Bankruptcy Consumer Proposal
Summer fun doesn’t have to come with a hefty price tag.
