2025-04-16
How sustainable living can help you save money and reduce food waste
Alternatives to Bankruptcy Bankruptcy
How can you reduce food waste? These strategies can help benefit both the environment and your bank account.
Shares In A Corporation Owned By A Bankrupt
2008-07-18
Hello, Shares in a corporation owned by an individual are not an exempt asset. This means that they become an asset of the bankruptcy and the trustee will deal with them. Assuming that the shares have value (and that is not always easy to determine, of course) the trustee will attempt to sell the shares for their fair market value. Usually, that means contacting the other shareholders to see if they wish to buy the shares, but a trustee can also sell the shares back to the bankrupt (as they can with any asset), as long as the price is fair. If the Trustee is not able to sell the shares, or the shares have no value, they will eventually revert back to the bankrupt, once the bankruptcy is completed. If this explanation is not sufficient, or you have other questions, please do not hesitate to give me a call at 306-790-7904. Ian Schofield MNP Regina
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2025-04-16
What is the connection between mental health and debt?
Alternatives to Bankruptcy Bankruptcy
How can you improve your mental and financial health? These four simple steps can help support your mental and financial well-being.
2025-04-14
Three quarters of New Brunswickers have cut spending or postponed major purchases
MNP Consumer Debt Index
Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.
