2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
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.
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-08-01
Bankruptcy
If you’re struggling with your finances and heading toward bankruptcy, you may think it makes sense to sell or transfer some of your assets.
2025-06-30
Bankruptcy
There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.