MNP Debt Blog

There seems to be much confusion in Canada about what debts are released, or not released, in a bankruptcy or proposal. In part, I think that this is because people reading web pages on bankruptcy often find information on US bankruptcy laws, which are...

I am on Social Security and my monthly payments to my credit cards are becoming too much to handle individually. Can I declare bankruptcy and make smaller payment to them.

My wife left our marriage and has since filed for personal bankruptcy. She left behind promisory notes to repay family members for $60,000. Naturally, they are worried this money is now lost to them. Will they lose their privately loaned money? What...

A quick description of what the term "Surplus Income" means in a bankruptcy.

What happens to my farm equipment and livestock if I declare bankruptcy?

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 currently have 2 vehicles financed and a mortgage. If I claim bankruptcy will I get to keep at least one vehicle?

These are some of the changes that came into force on July 7, 2008.

Can you tell me what happens to shares in a company when one shareholder declares bankruptcy?

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.