MNP Debt Blog

My spouse has been layed off but I am still working and unable to pay for all the bills. Can you still file for bankruptcy or make a proposal to creditors? And what if he is able to find a job, how is everything affect if you have filed?

what happens if you declare Bankruptcy and you or a your child need medical or dental care that you must pay for first then get reimbursed by your companies health care?

I want to withdraw all my savings in the bank in order to avoid payment of the loss on the sale of home. My savings are not in the same bank where I have the mortgage. Is this a good move, or am I getting into a trouble?

What exactly is bankruptcy?

Are criminal fines written off in a bankruptcy or proposal?

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.

A comment on the number of bankruptcy and proposal filings in Canada over the last twelve months.

Recent Changes in Bankruptcy Law may affect those with student loans owing, even if they filed before the changes were made.

What happens in the case when one of the spouses gets a job in the USA after a period of no employment and the other spouse does not want to follow and declares bankruptcy. Are the laws the sames in the US as they are in BC?

Exempt Assets in Alberta - How does the Bankruptcy Process Work?