MNP Debt Blog

Where an individual has been bankrupt in the previous decade, and currently is under a significant debt load again, can he file for a second bankruptcy? If so, will monies owed to Canada Revenue Agency be written off or does income tax debt survive a...

Certain amendments to legislation in Alberta received Royal Assent and are to be coming in to force effective April 1, 2014. One of these changes will be that RESPs (“registered education savings plans”) will be exempt.

I understand that it takes 7 years for a bankruptcy to clear from a credit bureau. Is that 7 years from the date of discharge or 7 years from the initial filing date of the bankruptcy?

Today it is common practice to use credit for everything from buying groceries to going on vacations. And many consumers are making the minimum payment instead of paying off the full balance. As the years roll on and credit card balances remain unpaid,...

It is expected that the Enforcement of Money Judgements Act will be brought into law some time this spring. It will have a major impact on which assets are exempt in Saskatchewan.

If I am filing for personal bankruptcy for the second time, do I have to tell the Trustee, or is it his responsibility to find out, or does it matter?

I'm in the process of trying to sell my house, but there isn't enough money to pay off the mortgage, the realtor and the lawyer. What do I do?

I have chose to repay all my debt to creditors yet my Trustee at another firm will not take this to court and release me from bankruptcy. What can I do. Keith

Can money owing to the government for income taxes, GST, Source Deductions etc. be including in a bankruptcy or proposal?

I want to withdraw all my savings in the bank in order to avoid payment of the loss on the sale of home. My savings are not in the same bank where I have the mortgage. Is this a good move, or am I getting into a trouble?