2008-07-08
The following changes are now in force as of July 7, 2008: Student loans will now be forgiven in a bankruptcy or proposal if the individual ended their studies more than 7 years before the date of bankruptcy. This is a reduction from the previous 10 year rule. RRSPs, with some restrictions, will be protected from creditors in a bankruptcy or proposal. The restrictions are that, in some provinces, contributions made in the previous 12 months will not be protected. Stay tuned - further details will be provided as more information becomes available.
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
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.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
