2008-11-25
In order to answer this question, I’ll start with the dictionary definition of “fiduciary.” Fiduciary means a person who is in a position of power with regard to the property of another such that the law requires him to act solely in the interest of the person he represents. So your question would technically be “Does the Trustee act solely for the Bankrupt? The answer to that would be…..no. In administering a bankruptcy, the Trustee must follow the federal Bankruptcy & Insolvency Act. In doing so, various stakeholders can become involved: - the creditors - the Superintendent in Bankruptcy - the public interest - the bankrupt individual themselves If you have a specific situation, don’t hesitate to contact us to review. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 403.537.7657 or 1.877.500.0792 [email protected]
2025-11-17
November 16-22, 2025 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and sharing information as to how family and friends can create support networks.
2025-11-13
Debt Solutions
Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.
2025-11-12
Bankruptcy Consumer Proposal
Summer fun doesn’t have to come with a hefty price tag.
