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]
2025-10-06
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
2025-10-06
MNP Consumer Debt Index
The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency.
2025-10-06
MNP Consumer Debt Index
Albertans’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
