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]
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
