2008-07-21
Hello, Bankruptcy does not interfere with secured creditors. If you are not behind in your payments it is likely that the secured creditor will allow you to continue with the payments and therefore you would not lose the car. In Manitoba you also have a $3,000 equity exemption for a vehicle provided you are working. The exemption applies to the bankruptcy estate and does not prevent a secured creditor from enforcing their security however if there is no equity in the vehicle (and/or it is fully secured) you should be able to keep it. For more information contact an MNP Trustee in your area. Brad Milne Trustee in Bankruptcy Brandon, Manitoba
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.
