MNP Debt Blog

Meeting with a Trustee about Financial Problems

Not having a written down budget or financial plan is generally one of the first warning signs you may find yourself in financial difficulty.

If you file bankruptcy and your mother, who has gone bankrupt in the past, passes away and you inherit life insurance of 25000 between you and your sibling do you have to hand your share over to the bankruptcy. Will they attempt to take it all.

I have a mortgage that I find I can't afford, plus credit card debts. The mortgage is for a property that has lost value since the purchase, so selling isn't an easy opinion. I was wondering if I could schedule an appointment to come talk to someone. ...

In family law matters there are three types of proceedings that may affect a bankruptcy: child custody, support obligations and equalization issues.

Under provincial legislation in Manitoba there is an exemption for what is called “tools of trade.” As a mechanic you would be eligible for this exemption on your tools up to a value of $7,500.

I live in a doublewide trailer, would I lose that if I filed for bankruptcy?

In the event of a bankruptcy, some assets are liquidated and funds are distributed amongst creditors. In Alberta, RRSPs are rarely one of these assets.

As the recent announcement by Canada Post on changes to their staffing and mail delivery practices demonstrates, the unexpected can happen to anyone. But everyone can – and should – be prepared to address their finances and manage their debt, no matter...

Hello, Is it possible to save the house if you are going to declare bankruptcy due to the credit card debts?