2025-10-30
Debt traps and financial nightmares
Lifestyle Debt
Many Canadians are stuck in payday loan cycles. Learn how debt traps form, why they’re harmful, and what you can do to escape and regain control.
What Happens To A Person If They Die During Bankruptcy Can The Estate Of A Deceased Person Be Placed In Bankruptcy
2010-03-28
Firstly, the estate of a deceased person can be placed in bankruptcy - the executor needs to have the propoer authority to do so, but the process is not much different that you see described in our website. Secondly, if a person dies while bankrupt the bankruptcy still continues, their funeral costs may be the first claim on an assets in the bankruptcy and the process otherwise continues as normal. The only other change may be that an asset that was exempt (for example, a vehicle required for work) may cease to be exempt and would be dealt with in the bankruptcy. This would largely depend on the will, who the beneficiaries are etc. Please call me at the number below if you would like to discuss this in more detail. Ian Schofield MNP Regina 306-790-7904
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Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
