MNP Debt Blog

The Execution Act is the legislation responsible for outlining those assets that cannot be seized by a creditor or a Trustee in Bankruptcy to help pay down debts.

so if i own two vehicles before i claim for bankruptcy and one cost under 3000 to buy and the other one deos not work(broke down) i will still keep both or no just one of them?

The results are in from MNP’s recent Debt Sentiment Survey. In short? Canadians are unsure about their financial futures and rising debt loads.

As one of the largest personal and corporate insolvency practices in Canada, MNP Ltd. is excited to announce our expansion into Newfoundland.

MNP’s history dates back to 1945, when Winnipeg-based Laird, Sprague & Co opened an office in Brandon, Manitoba. In 1957 however, the Brandon office became independent when Laird, Sprague & Co joined another firm. In 1958, Ron Meyers acquired full ownership...

I heard that if you filed for bankruptcy you would have to attend court for your discharge from bankruptcy. Is this true?

I have debt for aprox. $2500 and do not make enough money a month to pay it off. I was wondering if I would be eligible for bankruptcy and how I would go about filing and how much money would have to be paid.

You might ask yourself why you would need to file a Consumer Proposal, or possibly even look at filing for bankruptcy? Listening to the Statistics Canada announcement on September 11, 2015 regarding the level of Canadian’s household debt could be one...

If I file for bankruptcy would I have to give up my home?

As Canadians struggle under the pressure of an ever-increasing cost-of-living and a sluggish economy, many find this time of year especially difficult as they try to navigate around the costs of debt.