2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
The Difference Between Corporate And Personal Bankruptcy
2009-12-28
No, not really. The process is generally the same for either a corporate and a personal bankruptcy, although the corporate ones are often more complex. The only real difference is that an individual person eventually gets a discharge - a release from the debts they owed when they filed, whereas a corporation never gets released from bankruptcy. I should note, however, that many large corporations are reorganized under the Companies' Creditors Arrangements Act ("CCAA"). This process is quite different from that found in the normal bankruptcy act. Ian Schofield MNP Regina 306-790-7904
Latest Blog Posts
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
