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?

As the recent announcement by Canada Post on changes to their staffing and mail delivery practices demonstrates, the unexpected can happen to anyone. But everyone can – and should – be prepared to address their finances and manage their debt, no matter what the future holds.

In the event of a bankruptcy, some assets are liquidated and funds are distributed amongst creditors. In Alberta, RRSPs are rarely one of these assets.

Hello, Is it possible to save the house if you are going to declare bankruptcy due to the credit card debts?

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.