An MNP Licensed Insolvency Trustee discusses the importance of seeking expert advice when dealing with the financial problems of a marriage during the divorce process to make sure that you understand all of your options.

I am getting married in August and I am drowning in debt, both credit card and student loans. I also have a car loan. Is it better for me to do a bankruptcy or whatever needs to be done before I get married in a few weeks or to wait until after I'm married?

I am going to be separating from my husband and I believe there is no other option than to declare bankrupcy due to our overwhelming debt. How do I go about doing this?

Meeting with a Trustee about Financial Problems

Not having a written down budget or financial plan is generally one of the first warning signs you may find yourself in financial difficulty.

I have a mortgage that I find I can't afford, plus credit card debts. The mortgage is for a property that has lost value since the purchase, so selling isn't an easy opinion. I was wondering if I could schedule an appointment to come talk to someone.

If you file bankruptcy and your mother, who has gone bankrupt in the past, passes away and you inherit life insurance of 25000 between you and your sibling do you have to hand your share over to the bankruptcy. Will they attempt to take it all.

In family law matters there are three types of proceedings that may affect a bankruptcy: child custody, support obligations and equalization issues.

Under provincial legislation in Manitoba there is an exemption for what is called “tools of trade.” As a mechanic you would be eligible for this exemption on your tools up to a value of $7,500.

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