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
2025-11-07
Bankruptcy Consumer Proposal
If you're facing a mountain of debt, you're not alone. There are two viable options available to help you find relief: Consumer Proposal and Bankruptcy. Each approach offers unique benefits that can be tailored to fit your specific financial situation.
2025-11-06
Filing for bankruptcy doesn’t mean losing everything. Learn which assets are protected in B.C. and how to move forward with a fresh financial start.
2025-11-05
Debt Solutions
Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?
