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

2025-11-17

National Addictions Awareness Week

Jeane Herman

November 16-22, 2025 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and sharing information as to how family and friends can create support networks.

Read More

2025-11-13

Stigma of Debt: Your Questions Answered

Wesley Cowan John Athanasiou Tara Silliker

Debt Solutions

Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.

Read More

2025-11-12

Six tips to spend smarter this summer

Joey Zanni

Bankruptcy Consumer Proposal

Summer fun doesn’t have to come with a hefty price tag.

Read More

Consultation icon