2009-12-17
If you declare personal bankruptcy, you are required to list all of your creditors and they, in turn, must be notified by the Trustee of your bankruptcy filing. Once bankruptcy occurs, creditor protection begins and your creditors are barred from collecting the outstanding debts from you. One of the aims of the Canadian bankruptcy system is to ensure that your creditors are treated equally and that no creditor receives preferred treatment over others. Therefore, you cannot exclude smaller creditors from the bankruptcy process. If you have further questions about your creditors or other aspects of your situation, please call an office in your area and we would be happy to assist you. Regards, Lana Gilbertson, Trustee MNP - Vancouver 604 637 1599
2025-04-25
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.
2025-04-25
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.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
