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.
2011-06-24
Hello, Yes personal income tax debt is generally extinguished in a bankruptcy. However, there are instances where Canada Revenue Agency may be owed a substantial amount for GST, income debt, or source deductions and in response they may register a Certificate of Judgement on the title to your home. If this occurs before a bankruptcy takes place, the Judgment on title remains enforceable and essentially has the same effect as a mortgage i.e. it would survive the bankruptcy and the debt would have to be paid before the Judgment is removed. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
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.