Bankruptcy And Unemployment

2009-05-07

Yes...someone can file for bankruptcy when they are unemployed. In fact, with the economic situation as it is currently and more layoffs than in recent years, it is a common cause of financial troubles.  And sometimes a common cause of bankruptcy. I would recommend that you contact one of our Trustees in your region before your bills fall too far behind.  There are other options available besides a bankruptcy.  But the Trustee can also review how a bankruptcy would affect you as well.  Once actions are started by creditors, some of the other options may not be available to you any longer. Our list of our Alberta Trustees in your region can be found at http://www.mnpdebt.ca/contact/alberta/default.aspx.  Other provinces are on our home page at http://www.mnpdebt.ca/contact/default.aspx under the Contact Us link. Donna Carson, CGA, CIRP, Trustee 1.877.500.0792   [email protected]    

Latest Blog Posts

2025-04-25

Understanding debt collection in Canada: Protecting your financial health

Olivier Boyd

Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future. 

Read More

2025-04-25

Top five mistakes to avoid when considering filing for bankruptcy

Bankruptcy

Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future. 

Read More

2025-04-24

How to rebuild your credit after a Consumer Proposal

Tina Powell

Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.

Read More

Consultation icon