MNP Debt Blog

My wife left our marriage and has since filed for personal bankruptcy. She left behind promisory notes to repay family members for $60,000. Naturally, they are worried this money is now lost to them. Will they lose their privately loaned money? What...

A quick description of what the term "Surplus Income" means in a bankruptcy.

What happens to my farm equipment and livestock if I declare bankruptcy?

I'm in the process of trying to sell my house, but there isn't enough money to pay off the mortgage, the realtor and the lawyer. What do I do?

I currently have 2 vehicles financed and a mortgage. If I claim bankruptcy will I get to keep at least one vehicle?

These are some of the changes that came into force on July 7, 2008.

Can you tell me what happens to shares in a company when one shareholder declares bankruptcy?

Now that the changes relating to Student Loans, RRSPs and the Wage Earner Protection Act have been proclaimed, it might be appropriate to consider what other changes might be coming.

Wage Earner Protection NOW IN FORCE

Can you tell me what is meant by the Term: Statutory Debt