Is income tax debt extinguished in a bankruptcy?

The first step towards filing for bankruptcy, is to call and make an appointment with a licensed Trustee. During this appointment, you will be asked to provide information at this appointment which will allow your Trustee to make an assessment of your personal financial situation and advise you of all the options available to manage your debt problems.

MNP LTD Trustee Randy Kobbert was interviewed by The Lethbridge Herald to discuss post-holiday debt and budgeting for the New Year.

Stuck in a cycle of debt but not sure exactly what your options are or how to decide which is the best route for you?

I have a judgement on my house from BMO for default on an unsecured credit card, would that be removed in bankruptcy?

Assessing whether your client is experiencing financial distress does not require access to detailed financial information, but rather facts which are readily available if you keep a keen eye and watch for them.

Are timeshare weeks considered an asset?

For most people meeting monthly expenses while covering the costs of the holiday season makes this a difficult time of year. We become caught up in the moment and before we know it, the credit cards come out and we are spending, spending and spending.

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.

The debt load is now overwhelming. This is not where you thought you would ever find yourself. After trying everything you can think of to manage it, you see no light at the end of the tunnel and you know it’s time to consult with a Licensed Insolvency Trustee about your options.