2025-08-14
How to budget for summer vacation
Vacation costs can add up quickly without proper planning. This guide can help you budget so that you can make the most of your trip without overspending.
Extinguishing Student Loan Debts
2009-09-24
Curtis, Effective July 7, 2008, Canada and/or provincial student loan debts are forgiven in a bankruptcy if your studies ended more than 7 years before the date of bankruptcy. This is a reduction from the previous 10-year rule. Of note, an individual who has been through a bankruptcy already, and has been out of school for more than 5 years, can make an application to the court for an order discharging their student loan(s). This is often referred to as a "hardship application" and the process for making such an application varies by province and jurisdiction. Generally speaking, however, the individual must satisfy the court that: a) they have acted in good faith in dealing with their student loan debts (i.e. an attempt has been made to make payments) and b) that the individual has and will continue to experience financial difficulty to such an extent that they will be unable to pay the debt. Brad Milne CIRP Trustee in Bankruptcy Brandon, Manitoba
Latest Blog Posts
2025-08-05
How to budget when you’re unemployed
Bankruptcy Consumer Proposal
Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.
- First steps to take when you become unemployed
- Managing your expenses
- Seeking professional help
2025-08-04
How to Deal with Unexpected Medical Expenses
Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.
