How Do You Know Whenif You Should File For Bankruptcy

2009-12-21

The decision to file for bankruptcy is a personal choice and should be taken when you have determined that it is the best choice for you. The first step in making this decision is to meet with a Trustee in Bankruptcy, who will review your specific situation and advise you as to the various options to resolve your financial difficulties. The Trustee will sit down with you to look at the number and nature of your creditors, your income and expenses, your family situation, available assets and other relevant information. This initial meeting is free of charge. Bankruptcy is often a step that is taken after all other possibilities have been explored. A Trustee in Bankruptcy is trained to advise you on alternatives to bankruptcy, such as budgeting, debt consolidation, credit counseling and consumer proposals. We would be happy to meet with you to review your situation and discuss the ways in which you might address your debt problems, be that through bankruptcy, a consumer proposal, or other options. Best regards, Lana Gilbertson, Trustee in Bankruptcy MNP - Vancouver

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