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
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
