2025-10-30
Debt traps and financial nightmares
Lifestyle Debt
Many Canadians are stuck in payday loan cycles. Learn how debt traps form, why they’re harmful, and what you can do to escape and regain control.
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
2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
