When a person files a Consumer Proposal or bankruptcy, they are required to provide full financial disclosure to the LIT. In fact, the legal documents which summarize their financial position are signed under oath.

Are criminal fines written off in a bankruptcy or proposal?

As the nation awaits the Bank of Canada’s next announcement on interest rates, Saskatchewan residents’ appetite for cheap credit is being highlighted by a new Ipsos survey conducted on behalf of MNP Debt.

Can I get help with 1 credit card that is over-limit?

As the nation awaits the Bank of Canada’s next announcement on interest rates, Manitobans’ appetite for cheap credit is being highlighted by a new Ipsos survey conducted on behalf of MNP Debt.

The Financial Consumer Agency of Canada released an article warning the public against some practices within the field of debt reduction. After reading the article, I thought it important to expand on the topic; specifically on how it relates to the field of insolvency, since the two areas are tied together.

Nearly half (47 per cent) of all homeowners with a mortgage agree in that they’re concerned about their ability to make their mortgage payments when interest rates rise, according to a survey conducted by MNP Debt.

I have been spending beyond my means, I have a good job, but I can't keep up with my payments. My friend told me I can not go bankrupt because I make to much money, is this true? I make close to 40,000 but I owe about the same with credit cards and car payments.

Bankruptcy is a process that allows a debtor to get a fresh financial start. When you file for bankruptcy, you surrender your assets to your bankruptcy trustee. The trustee then turns those assets into cash, and distributes the money to your creditors.

How long after a bankruptcy do I have to wait to be a director of a corporation, non-profit or otherwise?