2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2009-07-17
When discussing debts with people seeking our assistance the issue of money owing to Canada Revenue Agency ("CRA") often seems to result in some confusion. To be crystal clear any debt owing to the government for income taxes, source deductions, GST etc. CAN be included in a bankruptcy or proposal. This is not true in the United States, which is why I think the confusion arises. There are certainly some restrictions on what can be done in terms of settling with CRA and if a significant percentage of your debts are to CRA you should certainly meet with one of our insolvency professionals to dicuss your situation. I can assure you, however, that we do many proposals that involve settingly money owing to the government and that, if a bankruptcy is necessary, debts to the government will also be included. Ian Schofield MNP Regina 306-790-7904
2025-10-21
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2025-10-20
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
2025-10-17
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.