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.
Retention Of Bankruptcy Information On Credit Bureau
2008-10-15
Hello,Retention of credit information may vary somewhat by credit bureau and province. As noted on the TransUnion of Canada website, in the case of Manitoba a first time bankruptcy will remain on file for six (6) years from the date of discharge. If the consumer declares bankruptcy on more than one occasion, each bankruptcy will be reported on file for fourteen (14) years from the date of discharge. A consumer proposal remains on file for three (3) years from the date you have satisfied the terms of the proposal. For more information on retention of consumer credit information, consult the credit bureau websites of Equifax and TransUnion of Canada. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
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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.
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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.
