2025-06-03
How to set financial goals with your spouse
It can be difficult to discuss your finances with a spouse. These five steps can help you set and achieve financial goals together.
2014-06-13
Bankruptcy is a legal state. To place yourself in bankruptcy you must execute a number of documents with a licensed Trustee in Bankruptcy (like those that work for MNP Ltd.). You will only be placed in bankruptcy after you have met with a Trustee and determined that bankruptcy is the best debt solution for you, based on your particular situation and province of residence. There are other alternatives like a Consumer Proposal that you should discuss before you determine which debt relief option is best for you.
When filing for bankruptcy, the documents you will sign include a statement of your assets and debts, a statement of your income and expenses and an understanding of your duties as a Bankrupt, among others. We will help you prepare those documents and explain them in detail so you understand the process and the implications. Once you have signed the documents, they are filed with the Federal Government (Office of the Superintendent of Bankruptcy) and the process begins. As soon as the documents are filed, a Stay of Proceedings goes into effect. This means creditors can no longer phone you, sue you or garnish your wages.
2025-06-03
It can be difficult to discuss your finances with a spouse. These five steps can help you set and achieve financial goals together.
2025-06-03
Lifestyle Debt
As more Canadians explore digital currencies, it’s essential to understand the risks. Learn how to protect your investments from volatility, scams, and legal pitfalls, and make informed decisions with this practical guide.
2025-05-27
Lifestyle Debt
Here’s a comprehensive guide on how to budget for a summer vacation, ensuring you make the most of your trip without overspending.