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Generally, when an individual becomes a bankrupt, their assets vest in the trustee and are realized for the benefit of creditors. However some assets are exempt from seizure and realization by the Trustee.
As Trustees and Proposal Administrators in Saskatchewan, one of the most frequently asked questions we hear is "can I keep my car?." In most of the situations we come across, the answer is - yes.
If I File For Bankruptcy, Does It Affect My Citizenship Process?
14/06/2013
Rob Shier
To the best of our knowledge, filing an assignment in bankruptcy (or a consumer proposal) under the Bankruptcy and Insolvency Act would not preclude or prevent you from becoming a citizen. However, if you are an undischarged bankrupt, you may not apply to be a sponsor for someone to come to Canada until you have been discharged.
HI. since i am married , can i clain personal bankruptcy and my wife posetions be left alone or will all of it be put together as one since we have seperate credit. thanks
Income Tax And Consumer Proposals – Tips On Managing Tax Debt
08/12/2017
Consumer Proposal
Do you have income tax debt and are you concerned about your ability to repay it?
Monthly Annuity - Will I Lose It In A Bankruptcy?
20/05/2010
Linda Paul
Bankruptcy
i recieve an annuity from my pension if i claim bankrupcy will i lose anypart of my pension
Know Your Rights: Talk to a Debt Specialist
25/07/2014
Getting into a situation where debt can get out of hand is a fairly common occurrence in today’s world.
Will it help to resolve my immediate problem to file bankruptcy now. VISA has informed me today that they emptied my bank account, which was intended for my rent. If I can not get this reversed I will be evicted. Is there anything I can do to get my rent money back?
MNP Ltd.’s Winnipeg office was awarded the 2014 / 15 Consumer Choice Award in the Trustee in Bankruptcy category for a third straight year.
MNP Consumer Debt Index Results May 2018
09/07/2018
Grant Bazian
MNP Consumer Debt Index
Canadians are more reliant on debt than ever and the outlook for paying it off any time soon appears bleak.
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