2010-10-25
Once you have filed for bankruptcy, your options would be to: - obtain a discharge from that bankruptcy - if you still remain in bankruptcy and your circumstances have changed, you can look at filing a proposal. From your email, I'm gathering that things have changed since you filed for bankruptcy. And you now have the ability to repay your creditors. An undischarged bankrupt can file a proposal to repay his debt. If successful, this would annul your bankruptcy. It would leave the proposal on your credit rating for 3 years from the time you complete it....rather than the bankruptcy for 6 or 14. This proposal can be filed with another Trustee if you like...doesn't have to be your current Trustee. Give us a call if you like to discuss this option further. Our Trustees can be found on our site athttp://www.mnpdebt.ca/contact/alberta/default.aspx. Or contact me directly below. Donna Carson, CGA, CIRP, Trustee 1.877.500.0792 [email protected]
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.
