2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2012-05-28
Watch the video or continue reading below. EffectiveMay 28, 2012 the Enforcement of Money Judgements Act is proclaimed in effect in Saskatchewan. There are a number of key changes but the two major changes that will effect most debtors are: A) The Amounts That Can Be Garnisheed From Your Pay - a judgement creditor can now garnishee an amount that exceeds the greater of 70% of your pay or $1,500 plus $300 per dependant. B) The Assets You Can Keep (per person)Type of AssetExemption After May 28, 2012Exemption Before May 28, 2012ClothingClothing, including Jewellery, to a value of $7.500Necessary and Ordinary ClothingHousehold FurnishingsExempt with no dollar limitTo a value of $4,500VehicleExempt to a value of $10,000Exempt if require for work"Tools of the Trade"Tangible Personal Property required to earn income is exemptExempt to a value of $4,500PetsExempt to $2,000No ExemptionHome$50,000 of equity, per person, in Active Residence$32,000 of equity per person in Principal ResidencePrepaid Funeral ExpensesExemptNot ExemptHomesteadExemptExemptDamages for Pain & Suffering, Costs of care and Loss of Future IncomeExemptNo specific provisions dealing with exemptionsPensions, RRSPs and RRIFsGenerally ExemptGenerally Exempt
2025-10-21
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2025-10-20
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
2025-10-17
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.