2010-04-14
Hello, I'm not aware of any specific threshold that must be reached before a creditor will consider initiating court proceedings that would lead to garnishment. Certainly the greater the amount owed, the more likely a creditor is to consider a garnishment of wages. As mentioned in yesterday's blog on this topic, there is a process to follow before your wages can be garnished. A creditor first must obtain a judgment from the court. You would have to be served with notice of the court proceeding in advance of any action being taken. If this has not occured, it would suggest that there is no immediate threat of this happening. This assumes they would know your current address/whereabouts for serving such a notice. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
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.
