2009-04-15
If Canada Revenue Agency/Revenue Canada ("CRA") has a garnishee on your wages for a specific amount, without filing a formal "process" to stop the garnishee the only ones who can change the amount of the garnishee is CRA. You could talk to the collector that has your file and see what types of arrangements you can make with them. You may likely need to prepare your budget to show why a $3,500 per month garnishee is too much for you to handle. Alternatively.....you could look at filing a formal process such as a proposal or possibly a bankruptcy, depending on your situation. These options would restructure the debt you owe to CRA or look at getting rid of it through a bankruptcy process if you are unable to make payments to them. If they won't accept your voluntary offer of $1,000, a proposal would be a formal process to offer them the same thing....... but in a more formal, binding manner. You may wish to contact one of our Trustees in your area to see if this is an option for you. See our link athttp://www.mnpdebt.ca/contact/default.aspx for our various offices. You may also be able to use it as a bargaining tool with CRA. Donna Carson, CGA, CIRP, Trustee
2025-11-17
November 16-22, 2025 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and sharing information as to how family and friends can create support networks.
2025-11-13
Debt Solutions
Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.
2025-11-12
Bankruptcy Consumer Proposal
Summer fun doesn’t have to come with a hefty price tag.
