2025-08-25
Owe the CRA money? Steps to help you get back on track
Owing the government money can be very intimidating as it's assumed the government has a limitless ability to collect the debt through any means necessary.
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
Latest Blog Posts
2025-08-14
How to budget for summer vacation
Vacation costs can add up quickly without proper planning. This guide can help you budget so that you can make the most of your trip without overspending.
2025-08-05
How to budget when you’re unemployed
Bankruptcy Consumer Proposal
Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.
- First steps to take when you become unemployed
- Managing your expenses
- Seeking professional help
