2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
Statutory Debts
2008-07-09
Statutory debt means debts that have been created by other Statutes. For example, income tax debt under the Tax Act, GST debt under the Excise Act, payroll deductions, PST, WCB. These debts have different priorities and differing treatment in a bankruptcy and in a proposal. If you would like to discuss the specifics of the debt you are referring to, please don't hesitate to send me a confidential email. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller 403.537.7657 or 1.877.500.0792 [email protected]
Latest Blog Posts
2026-07-13
MNP Consumer Debt Index: Nova Scotians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index: Canadians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
