2024-09-25
What happens if I don’t fulfill my duties during a Bankruptcy?
Bankruptcy
If you’re going through a personal Bankruptcy, one of your main goals is to obtain your discharge — that is, to have your debts cleared so you can start fresh.
The Time For Asset Protection Planning Is Now
Given today’s struggling economy, weakened loonie and in some provinces, an increasing unemployment rate – it’s no surprise to learn that many Canadian individuals and companies are struggling to stay afloat. And while bankruptcy is nobody’s favorite topic, it’s fast becoming a debt solution that many are coming to rely on as they struggle to get back on track financially. A big question for many (businesses especially), will be ‘how can I protect my assets?’
MNP LTD Licenced Insolvency Trustee Pamela Meger was interviewed by the Estevan Mercury to discuss asset protection. The original article was originally posted online at Estevan Mercury on September 21, 2016.
Pamela Meger
CIRP, LIT
Senior Vice-President
Servicing: Weyburn, Swift Current, Regina, Estevan, Moose Jaw, Yorkton
Latest Blog Posts
2024-06-10
Life after Bankruptcy
Bankruptcy
The fresh start you obtain after filing a Consumer Proposal or Bankruptcy offers many new paths for managing your day-to-day needs and planning for your future.
2024-05-30
How Often Can You File For Bankruptcy (MNP 3 Minute Debt Break)
Bankruptcy
Canadians are facing a cost-of-living crisis. With rampant inflation, many have taken on more debt just to make ends meet. With interest rates still high, some households might be considering declaring Bankruptcy for the first, second, or even a third time.
If this sounds like you, don’t worry — many people are in the same situation, and it isn’t anything to be ashamed of. Filing for Bankruptcy or entering a Consumer Proposal might be the solution you need to relieve financial stress and get a fresh start.
