Houses And Bankruptcy

2008-11-19

Hello, If title to the house is in another person's name, it would not be considered an asset in your bankruptcy estate.  For example, if your wife owned the house before you met and you simply moved into her residence this should not be an issue. At the same, one must be very careful about transactions occuring before bankruptcy.  For example, you cannot transfer title to another person simply to protect it from your creditors in a bankruptcy.  Such a transaction may be investigated and reversed by the bankruptcy trustee. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba

Latest Blog Posts

2025-04-25

Understanding debt collection in Canada: Protecting your financial health

Olivier Boyd

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. 

Read More

2025-04-25

Top five mistakes to avoid when considering filing for bankruptcy

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. 

Read More

2025-04-24

How to rebuild your credit after a Consumer Proposal

Tina Powell

Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.

Read More

Consultation icon