MNP Debt Blog

If i owe the government money and have assets such as a car and it is worth the amount that i owe to the government , are they able to take that from me??

You’re a good, honest person. You know you should pay your debts. You want to pay your debts. But you can’t.

Would you please explain "net income" - What if we have deductions as in CPP, Medical Insurance, and Super Anuations - Would we have to include that to our net income? Thanking you. Just very concerned before making a committment.

Would my employer find out if I file for bankruptcy?

Will I lose my home if I file bankruptcy?

The ability to keep your house when filing for bankruptcy depends on several factors.

The answer is no. A Government-Licensed Trustee will be there to help you through the process.

Bankruptcies and consumer proposals are government legislated options that may assist you in addressing your debt problems. In either proceeding, the bankruptcy or consumer proposal is filed with the Office of the Superintendent of Bankruptcy (OSB) and...

​Of course, this is a trick question… Everyone needs an emergency fund.

How often do creditors accept a debt settlement? How much do you have to pay to settle your debt?