2024-09-25
What happens if I don’t fulfill my duties during a Bankruptcy?
Bankruptcy
If you’re going through a personal Bankruptcy, one of your main goals is to obtain your discharge — that is, to have your debts cleared so you can start fresh.
Saskatchewan - Changes in Exemptions Coming
2012-02-21
The Enforcement of Money Judgements Act was passed some time ago but has not yet been proclaimed into law in Saskatchewan. We have been advised that it is expected that the law will be brought into effect some time this spring. This new law will change (significatly in some cases) which assets are exempt in a bankruptcy. While the regulations that set out the amounts and nature of the assets that will be exempt have not been released we do have some information on the proposed changes. Changes are also expected in the amounts than can be garnisheed from wage earners.
If you are contemplating insolvency proceedings in Saskatchewan please discuss this issue with us, it may change your decision.
As always, please do not hesitate to contact any member of the MNP Insolvency Team to discuss this further.
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2024-06-10
Life after Bankruptcy
Bankruptcy
The fresh start you obtain after filing a Consumer Proposal or Bankruptcy offers many new paths for managing your day-to-day needs and planning for your future.
2024-05-30
How Often Can You File For Bankruptcy (MNP 3 Minute Debt Break)
Bankruptcy
Canadians are facing a cost-of-living crisis. With rampant inflation, many have taken on more debt just to make ends meet. With interest rates still high, some households might be considering declaring Bankruptcy for the first, second, or even a third time.
If this sounds like you, don’t worry — many people are in the same situation, and it isn’t anything to be ashamed of. Filing for Bankruptcy or entering a Consumer Proposal might be the solution you need to relieve financial stress and get a fresh start.
