2010-11-17
You have asked a very “loaded” question, one which cannot properly be answered on a blog. We would need to meet with you to fully understand your financial situation, that is the amount you owe to your creditors, the assets that you have, the amount of your (household) income and the amount of your (household) living expenses. Once we have these details, we would be able to advise you of your options and the costs, the benefits and the repercussions of each of the options. It may be that bankruptcy is not necessary and you are able to file a consumer proposal, which is a settlement with your creditors. It may be that neither of these options are best for you and there may be better alternatives to deal with your debts. The only way to advise you is to meet with one our trustees or estate administrators who would review your information and suggest the best course of action for you. The choice will be yours to make. Please call the nearest MNP office to set up a no-cost, no-obligation consultation to review your situation. Here is the link to our website which lists all of our offices in Ontario - http://mnpdebt.ca/contact/ontario/default.aspx Marvin Zweig, CA-CIRP, Trustee Markham, Ontario
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
