2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
What Are The Steps In Filing Bankruptcy
2011-12-06
Watch the video or read below for more information Step 1 The first step is deciding you need help with your money problems.Step 2 Contact an MNP Trustee for a 1st meeting at no cost.Step 3 Bring in your statements or a list of debts, a list of your assets, a proof of your income and a detailed budget (monthly net revenues & expenses).Step 4 Your trustee will discuss with you the options. Then if bankruptcy is the best option, the trustee will prepare what’s called a Statement of Affairs – which includes a list of all your creditors and assets. It will then be filed with the Government to make it official. From this moment you are protected by theBankruptcy and Insolvency Act and your creditors will be informed a few days later. For more question about bankruptcy, please refer to ourBankruptcy FAQ.
Latest Blog Posts
2025-09-02
How to budget when you’re living paycheque to paycheque
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
2025-09-02
MNP’s Atlantic Canadian guide to affordable fun
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.
