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The bankrupt’s financial statement or a balance sheet of assets and liabilities showing the estimated value of assets and the names and addresses of creditors and the amounts owed along with other pertinent information.
An Officer of a provincial court appointed by the Chief Justice with the powers and jurisdiction as specified under the Bankruptcy and Insolvency Act.
An offer to creditors to settle debts under conditions other than the existing terms. It is a formal agreement under the Bankruptcy and Insolvency Act.
Includes money, goods, land and every description of property, whether real or personal, situated in Canada or elsewhere. Real Property is land and the buildings thereon, Personal Property is anything other than Real Property.
A financial obligation or debt of an individual or a business, including unpaid taxes, salaries, accounts payable etc.
A procedure prescribed in Part X of the Bankruptcy and Insolvency Act, governed by provincial courts, which allows a person to pay debts. Only available in Alberta, Nova Scotia, Prince Edward Island and Quebec (where it is known as Voluntary Deposit Service / Lacombe’s Law).
A person licensed by the Superintendent of Bankruptcy to administer bankruptcy and proposal estates.
Hello. I want to comment on my very positive experience with the work of Mary Plahouras, senior estate manager with MNP Ltd. Her energy, attention to detail, patience, and compassion with my complicated debt situation gave me hope and improved confidence in settling my financial affairs. She went to great lengths to explain all the procedures for settling my debt and devoted an exceptional amount of time and attention to my case. I thank Mary for...
MNP is the best choice. The non-judgmental demeanor I received from the staff gave me instant relief. They answered my questions thoughtfully and thoroughly while offering me step by step solutions to fit my particular situation. They reassured me that everything was going to be okay. Now, I'm confident to move forward with my life. Thank you to all.
I’ve recently worked with Mary Plahouras of MNP with regards to a Consumer Proposal. Mary’s level of knowledge and expertise was impressive, as was her patience and understanding as I attempted to understand and navigate a difficult situation. Her guidance and support has enabled me to move forward - and I’m beyond pleased with the service that Mary and MNP have provided.
