2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2011-02-11
The only real issue that could change when an individual going through bankruptcy dies relates to their assets. Generally, an asset is either exempt (meaning it remains the property of the bankrupt(, or not, (meaning it becomes the property of the trustee). Under Saskatchewan law, exempt assets generally pass to the heirs of a deceassed individual so there is usually no issue with those assest. If however, an individual is buying a non-exempt asset back from the trustee (typically a vehicle) the trustee would have the duty to sell the asset if the bankrupt has not fully paid for it. It might also be the case that, if they are insurance proceeds payable to the deceased, those would flow into the bankruptcy as well. However, the remainder of the process usually just continues and the deceased bankrupt's estate will eventually receive its discharge from bankruptcy (although this may require the trustee to make a court application to waive counselling or other duties that the deceased can no longer perform). Ian Schofied MNP Regina 306-790-7904 I should also mention that is possible for the estate of a deceased individual to be placed into bankruptcy, should this be necessary.
2025-10-21
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2025-10-20
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.
2025-10-17
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.