Will A Life Insurance Policy Have To Be Collapsed And Used To Pay Creditors

2008-04-10

In BC if the beneficiary under her policy is her spouse, child, grandchild or parent, the policy is protected from creditors and it would not be collapsed in a bankruptcy. Judy Scott – Port Moody – Vancouver – Abbotsford - 604-949-2100

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

2025-04-24

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

2025-04-16

How sustainable living can help you save money and reduce food waste

Nora Edwards

Alternatives to Bankruptcy Bankruptcy

How can you reduce food waste? These strategies can help benefit both the environment and your bank account.

Read More

Consultation icon