2011-01-20
I think some things that you need to know are: - Are any of the other options out there something that might work for you? IE: Is bankruptcy the right thing for you to do. During our initial meeting or phone call, we explain the different options to you, how they would affect you, so that you can then make an informed decision about what to do. Based on that meeting or call, you need to know: - How will your assets be affected by a bankruptcy? In order for us to answer this, we need to know what assets you own and what they are worth. - Do any of your debts survive a bankruptcy? - What will your payments be in a bankruptcy. This will be based on basic adminstration costs and possible the government's surplus income requirements. These are payments required is you make more than what they deem to be their standard of living for the # of paople in your home. We can calculate this for you during the meeting. - How long will your bankruptcy last. The laws changed in September 2009. For a first time bankrupt, you may be in bankruptcy for either 9 or 21 months. The best advice I can give is to talk to one of our consultants or Trustees to get the specifics of your situation. These meetings or calls are free. Contact one of us athttp://www.mnpdebt.ca/contact/alberta/default.aspx. Donna Carson, CGA, CIRP, Trustee 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.
