My Debts Are Over 75000 And Ive Been Told I Cant File A Proposal Is That True

2009-08-05

No, that is not true – generally, anyone can file a proposal regardless of their debt level. There are two types of proposals – one is called a consumer proposal and is available to a debtor whose debts are $75,000 or less (a mortgage on a principal residence is not included in this figure), and the other is called a Division I proposal, and is available to a debtor whose debts are greater than $75,000. Most of the concepts are the same for both proposals, but there are a few differences. Please call one of our trustees for additional information. Wendy McMurtrie Meyers Norris Penny Limited 778-571-3520 [email protected]

Latest Blog Posts

2025-09-04

Will Bankruptcy Erase All Of My Debt?

Mary Plahouras Rob Shier

Bankruptcy

The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.

Read More

2025-09-02

How to budget when you’re living paycheque to paycheque

Caryl Newbery-Mitchell

Lifestyle Debt Debt Solutions

You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.

Read More

2025-09-02

MNP’s Atlantic Canadian guide to affordable fun

Lifestyle Debt

Have fun on a budget with our guide to affordable activities in Atlantic Canada.

Read More

Consultation icon