Saskatchewan - Changes in Exemptions Coming

2012-02-21

Bankruptcy

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. 

Latest Blog Posts

2025-06-30

Who Can File For Bankruptcy

Linda Paul

Bankruptcy

There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.

Read More

2025-04-25

Top five mistakes to avoid when considering filing for bankruptcy

Jean-Francois Cliche

Bankruptcy

Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future. 

Read More

2025-04-11

Who will find out about my Bankruptcy?

Jean-Francois Cliche

Bankruptcy

Considering Bankruptcy and wondering who could find out? Rest assured; your information will stay mostly confidential.

Read More

Consultation icon