MNP Debt Blog

Bankruptcies and consumer proposals are government legislated options that may assist you in addressing your debt problems. In either proceeding, the bankruptcy or consumer proposal is filed with the Office of the Superintendent of Bankruptcy (OSB) and...

Generally when you file for bankruptcy or make a proposal to your creditors, unsecured debts will be released. Section 178 of the Bankruptcy Act lists the only debts that survive a bankruptcy or Consumer Proposal.

A former colleague of mine used to send out letters to consumers with two specially packaged Tylenol attached, along with a brief message that said, “ Taking these two tablets will make your headache disappear, but it will not provide permanent...

When your financial situation gets too complicated for you to resolve on your own, you may be considering various debt relief solutions.

Certain amendments to legislation in Alberta received Royal Assent and are to be coming in to force effective April 1, 2014. One of these changes will be that RESPs (“registered education savings plans”) will be exempt.

I'm considering declaring bankruptcy but may want to move in the future to pursue employment opportunities out of province. Will that be a problem?

My husband and I are on Employment and income assistance, can we apply for bankruptcy?

Will I lose my car if I declare bankruptcy?

Will creditors stop calling if I file for bankruptcy? Gord Neudorf, a Trustee at MNP Ltd., addresses this question.

It is expected that the Enforcement of Money Judgements Act will be brought into law some time this spring. It will have a major impact on which assets are exempt in Saskatchewan.