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MNP Debt Blog

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as a family we have 2 cars with loans and a mortgage. if we go bankrupt can we keep the cars and house but claim the credit cards and line of credit.

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Interest Rate Increase Strains Canadian Households

Early in July, the Bank of Canada’s first interest-rate hike in seven years set in motion a complex unwinding of a near-decade-long era of easy money via consumer debt.

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Do you have income tax debt and are you concerned about your ability to repay it?

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Financial stress has been linked to relationship troubles, depression, high blood pressure and even a decreased immune response.

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As retailers across the province advertise massive discounts to woo shoppers through their doors on Black Friday, thousands of British Columbians are preparing to paint their pocketbooks red with debt.

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I am on Social Security and my monthly payments to my credit cards are becoming too much to handle individually. Can I declare bankruptcy and make smaller payment to them.

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Generally, when an individual becomes a bankrupt, their assets vest in the trustee and are realized for the benefit of creditors. However some assets are exempt from seizure and realization by the Trustee.

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As Trustees and Proposal Administrators in Saskatchewan, one of the most frequently asked questions we hear is "can I keep my car?." In most of the situations we come across, the answer is - yes.

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If I file for bankruptcy, who will know? Will my employer find out?

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Getting into a situation where debt can get out of hand is a fairly common occurrence in today’s world.

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