2010-12-22
It appears that you do not meet the criteria to file a consumer proposal. A consumer proposal is filed by someone who cannot pay their debts in full, an in order to file a proposal the debtor must be insolvent. In other words, the debtor must not be able to pay their debts when due. It seems that you are having a cash flow problem, not an insolvency problem, as you indicate that you will have the funds in a few weeks. If you would like to discuss your situation in more detail and review your options, contact our office located nearest to you and one of our MNP trustees or estate administrators will be happy to provide you with a no-cost, no-obligation consultation. To find the office nearest to you please go to Contact us Marvin Zweig, CA, CIRP, Trustee, CA-CIRP Markham, Ontario
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.
