2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
Understanding How Filing For Bankruptcy Can Affect Your Spousepartner And Family
2012-01-18
When a person files a bankruptcy they need to report to the Trustee the monthly income of all members of the household. Please watch the video or read below. The income of the household can determine whether a person needs to make an additional payment in the bankruptcy called a surplus income payment. This payment is calculated based upon the person’s portion of the total household income and the guidelines set by the Superintendent of Bankruptcy based upon the number of people in the household. Another impact to your spouse or family can come into effect where the spouse or family member has co-signed the loan. While the debt would be eliminated (discharged) against the person filing bankruptcy, the creditor would still have its rights to go after the co-signer for payment of the debt. For more information on how filing for bankruptcy may affect you or your loved ones, pleasecontact me directly or consult ourPersonal Bankruptcy FAQ.
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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.
