Why Do Some Bankruptcies Appear In The Newspaper

2011-03-21

Generally, bankruptcy filings are not put in the legal notices section of newspapers in Canada unless one of two things applies: a) The bankrupt is a corporation; or b) The bankrupt is an individual who has more than $15,000 of non-exempt assets available to creditors (Of course, what assets are exempt varies quite a bit between provinces, check the FAQ section of this website to find out which exemptions apply in your Province). Most bankruptcies are filed by individuals with few or no assets, so most bankruptcies are not placed in the newspaper. Bankruptcy is a matter of public knowledge, and it will appear on a person's credit history and can be found by searching at the Office of the Superintendent of Bankruptcy's website (although this costs money) but only vary rarely will it actually be advertised in the newspaper. Ian Schofield MNP Regina 306-790-7904

Latest Blog Posts

2025-04-25

Understanding debt collection in Canada: Protecting your financial health

Olivier Boyd

Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future. 

Read More

2025-04-25

Top five mistakes to avoid when considering filing for bankruptcy

Bankruptcy

Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future. 

Read More

2025-04-24

How to rebuild your credit after a Consumer Proposal

Tina Powell

Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.

Read More

Consultation icon