2025-08-25
Owe the CRA money? Steps to help you get back on track
Owing the government money can be very intimidating as it's assumed the government has a limitless ability to collect the debt through any means necessary.
Joint Bankruptcy For Separating Spouses
2009-10-22
Bankruptcy laws in Canada allow two individuals to file a joint assignment in bankruptcy if the debts of those individuals are substantially the same and the trustee is of the opinion that a joint filing is in the best interests of the debtors and creditors. A joint filing is only possible, however, if your assets are under a certain threshold. If it makes sense for you and your husband to make a joint assignment in bankruptcy (because you meet the foregoing conditions) and one of you does not fulfill your duties and obligations, it will not affect the other individual’s eligibility for a discharge. Should you wish to discuss your situation in more detail, please feel to contact me directly, or another member of the MNP team. Regards, Lana Gilbertson, Trustee MNP Vancouver 604 637 1599
Latest Blog Posts
2025-08-14
How to budget for summer vacation
Vacation costs can add up quickly without proper planning. This guide can help you budget so that you can make the most of your trip without overspending.
2025-08-05
How to budget when you’re unemployed
Bankruptcy Consumer Proposal
Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.
- First steps to take when you become unemployed
- Managing your expenses
- Seeking professional help
