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.
Reporting Monthly Income And Expenses
2009-11-25
Hello, It appears that you are referring to an individual's responsibility to report their monthly income and expenses while in bankruptcy. In accordance with Directive 11R2 - Surplus Income, which is issued by the Office of the Superintendent of Bankruptcy, an individual must report the monthly earnings and expenses of each member of the family unit for the entire period of bankruptcy. The family unit includes, in addition to the individual in bankruptcy, any persons who reside in the same household and who benefit from either the expenses incurred or income earned by the bankrupt, or who contribute to such expenses or earnings. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
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.
