2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
Help I Owe 8000 Is Bankruptcy A Good Idea
2010-10-19
Generally, if you owe $5,000 or less, I would recommend that you not do a bankruptcy. There are usually other solutions that would be better choices for you. Would bankruptcy be the right solution for $8,000 in debt? It depends on your income and ability to pay. If you want to provide some more information about your income and who the creditors are, I can give you some advice as to what makes sense. Judy Scott Trustee Meyers Norris Penny Port Moody - Burnaby - Maple Ridge, BC [email protected] 604-949-2113
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.
