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.
Reimbursement For Expenses After Bankruptcy
2009-02-02
After you file for bankruptcy, you will provide your Trustee with a report each month accounting for all of your income, and all of your expenses. In month #1....you would be reporting a medical expense. In month #2....you would be reporting a reimbursement of that expense. The net effect over the 9 months of your bankruptcy is a wash. You have no "net" income to report. In fact, if your group plan doesn't cover 100% of your expenses, you will have a net expense to report. Don't hesitate to contact one of our Trustees in your area if you want to discuss the specifics of this reporting. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 1.877.500.0792 [email protected]
Latest Blog Posts
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.
2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
