MNP Debt Blog

With banks offering consumers a record amount of credit in recent years, Canadian households will face tough times ahead if they aren’t able to reduce their debt loads.

Statistics Canada recently released a report stating that Canadians are holding a record level of household debt with the average Canadian household owing 164.6% of its annual income.

Can income taxes owing to the Canada Revenue Agency be included in a bankruptcy?

What happens to income tax debt in bankruptcy?

If you go bankrupt and you are getting the daycare money (100 a month per kid) and child tax credit do you lose them for a year after?

Hi there I was wonering if my spouse files for personal bankruptcy and I do not and we filed jointly for income taxes would I be responsible for his income tax debt?

If I file for bankruptcy, can I keep my car?

If I file a consumer proposal how long will I have to make payments?

If a person goes bankrupt do they have first option to buy back there house?

I understand that I have to pay "surplus income" during my bankruptcy, which is set by the Trustee. What if I disagree with the surplus income amount and what if I can't pay it?