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
2026-07-13
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
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.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, nearly three in five British Columbians (58%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
