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
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
