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MNP Debt Blog

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Now that the changes relating to Student Loans, RRSPs and the Wage Earner Protection Act have been proclaimed, it might be appropriate to consider what other changes might be coming.

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Wage Earner Protection NOW IN FORCE

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Statutory Debts

Can you tell me what is meant by the Term: Statutory Debt

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Life Insurance Proceeds in a Bankruptcy

I have taken ill, and my wife & I have debt problems. If we go bankrupt and if I should die & there is some insurance (my wife being the beneficiary)what would happen to with the insurance money?

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The following changes are now in force as of July 7, 2008.

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Would my employer find out if I file for bankruptcy?

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Will the changes affect prior bankruptcies? Will I be able to go back to court after seven years, even though my bankruptcy was in 2004? TY

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I know there are some changes being proposed to the forgiveness of student loans in a bankruptcy. When will this happen?

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I live in a doublewide trailer, would I lose that if I filed for bankruptcy?

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My condo is worth less than the mortgage owing on it. If I file bankruptcy can I have the mortgage reduced to what it is worth?

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