MNP Debt Blog

Read the answers to the top 5 most asked questions about bankruptcy.

A Consumer Proposal is a formal, legally binding process to deal with debt. Although it is not a bankruptcy, it falls under the Bankruptcy and Insolvency Act.

When your financial situation gets too complicated for you to resolve on your own, you may be considering various debt relief solutions.

Scheduling and attending a Free Confidential Consultation with an MNP Licensed Insolvency Trustee is the first step to changing your financial future.

Unsure of the bankruptcy process? We'll outline the steps required that will help you understand whether or not bankruptcy is the right solution to resolving your debt.

I am looking to declare bankruptcy and am wondering what the fees are? I am currently on E.I. and not able to pay. I am looking for a trustee who might take my case

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I have a vehicle, year 2000 value is about $8500.00, with no debt on it. What would happen to this given the vehicle exception is $5000.00? Thank you,

I own a vehicle worth about $18000. I have a car loan with the vehicle as collateral. the balance owing is $22000. If i declare bankruptcy, will i lose the vehicle? Thanks for your advice DON

How long before you file bankruptcy you are allowed to transfer asset? for example my 50% share of the house to my wife. could she buy it from me before I file bankruptcy? what happened if we get divorce?