2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
Who Needs To Know About Your Bankruptcy
2012-03-19
Watch the video or continue reading below. A Bankruptcy with Many Assets In a bankruptcy, where there are significant assets, a notice is placed in the "legals" section of the newspaper notifying creditors of the date of the meeting of creditors.A Bankruptcy with Minimal Assets If there are minimal assets, the creditors are notified by mail only - there is no advertisement in the "legals" section of the newspaper. Any legal filing of a bankruptcy is a public document which the general public has access to.What Happens Next From this documentation, the Credit Bureau is notified and the bankruptcy is recorded and will remain on your credit record for 6 years. This does not mean that you cannot obtain credit during this time. Any granting of credit is the responsibility of the creditor to approve. For more information on the parties involved when filing for bankruptcy, pleasecontact me directly.
Latest Blog Posts
2026-07-13
MNP Consumer Debt Index: Nova Scotians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index: Canadians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
