2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
Changes To Bankruptcy Laws
2008-06-04
The most recent information indicates that the changes will take effect in the summer of 2008. The expected changes to the student loans rules are that the 10 year rule will be reduced to 7 years. That would mean that if you ended your studies more than 7 years before a bankruptcy or proposal, your student loans would be forgiven. Currently, it has to be 10 years before the date of bankruptcy or proposal. The text of the proposed changes is expected to be published in the June 7, 2008Canada Gazette - if you’re interested in taking a look. Judy Scott - Vancouver - Port Moody - Abbotsford - 604-949-2100 - 1-866-568-1335
Latest Blog Posts
2026-07-13
MNP Consumer Debt Index: Nova Scotians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index: Canadians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
