MNP Debt Blog

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212 individuals and businesses filed either bankruptcies or Consumer Proposals in March 2105, which is the highest number reported in four years.

With a wavering Canadian economy and unemployment continuing to roll through several Canadian provinces, thousands of households have found themselves struggling to make it from one financial obligation to the next.

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?