2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
Im In Bankruptcy But Want To Pay My Debts What Can I Do
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]
Latest Blog Posts
2026-07-13
MNP Consumer Debt Index: Nova Scotians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index: Canadians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
