2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2009-10-21
You may file for bankruptcy for a fourth time; however, you will have some difficulty being discharged (i.e., released) from a fourth bankruptcy. You will face a Court hearing for your discharge (as you would have with your second and third bankruptcies) 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 fourth bankruptcy (or second or third bankruptcy). A Trustee can assist you in considering these alternatives, one 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
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
2025-09-02
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.