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.
Facing A Third Bankruptcy In Canada Any Alternatives
2009-10-26
If you are facing a third bankruptcy, you will have some difficulty being discharged (i.e., released). You will face a Court hearing for your discharge (as you would have with your second bankruptcy) and the Court may refuse or suspend your discharge for a considerable period of time and potentially place financial conditions on your discharge, depending on your conduct and payment ability. You should consider all alternatives to bankruptcy before embarking on a third bankruptcy (or before enbarking on a first or second bankruptcy). A Trustee can assist you in considering these alternatives, once such alternative being a consumer proposal. While new bankruptcy laws in Canada have made things a bit “tougher” for individuals who have been bankrupt before, these new laws have made consumer proposals more accessible and more flexible than they have been in the past. If you wish to discuss your options, including the alternatives to bankruptcy, please feel free to contact me or another member of the MNP team. Regards, Lana Gilbertson, Trustee MNP Vancouver 604 637 1599
Latest Blog Posts
2025-10-20
Seniors and Debt
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
How buyer’s remorse laws can help you stay out of debt
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.
