As Canadians, we have a number of choices available to us in determining the best solution for managing our debts. Obviously, everyone’s circumstances will be a bit different, it's best to ask a few questions first to better understand your needs.

OSB Rejects Proposal That Credit Counsellers Be Allowed To File Consumer Proposals

In the following article, Ian Schofield, a Bankruptcy Trustee with MNP, discusses the significant increase in filings for bankruptcy or consumer proposals throughout Saskatchewan over the past few months.

Will I lose my car if I declare bankruptcy?

Will creditors stop calling if I file for bankruptcy? Gord Neudorf, a Trustee at MNP Ltd., addresses this question.

Will claiming personal bankruptcy help protect me from losing my home and automobile or must they be sold as assets?

Hi there, I cam currently in Bankruptcy. I went bankrupt in January of 2005. I should have been discharged by now. I am still owing them money plus other creditors. Am i able to seek credit counselling while i am still in Bankruptcy?

My car is worth more than $5,000 - what happens if I file bankruptcy?

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 quite different.

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