Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
You’ve been struggling with your finances for many months, but things are not getting easier. You’re losing sleep while you worry about your situation. You’re embarrassed to tell anyone at home or at work. You’re afraid Bankruptcy may be next! You are in good company. Over a million Canadians have experienced insolvency and filed for […]
We’ve all been there – the shopping craze of December, looking for those perfect last few gifts, making sure there is enough food in the house for your holiday guests, decorating your home inside and out. As if paying for these things weren’t enough, there are hidden expenses as well. Shopping can take time out […]
Many individuals and families these days are dealing with tight financial conditions. It’s not uncommon. You may have been making financial maneuvers for many months just to get by. But, how do you know when you may be headed for more than just a tight budget? What are the warning signs that you are seriously […]
Nan and Richard had to tighten their budget after Richard lost his job in management. He’d been searching for a few months for a new position, but interviews had gotten him nowhere. Nan still had her job, but their income had taken a hit. A reduced budget was not the greatest of their concerns, however. […]
Do your financial concerns keep you up at night? That’s not good, but it’s increasingly common. My own monetary worries kept me from sleeping, too, until I saw a Trustee in early 2009. Anyone losing sleep because of worry and dread can tell you – it erodes your health, both mental and physical. Ironically, one […]
The answer is no! A Trustee’s role is to provide you with information on your options, and assist with the process IF you decide to go ahead with Bankruptcy or Consumer Proposal. The Trustee cannot “declare you Bankrupt.” It’s a common misconception that Bankruptcy is something that can automatically “happen” or be imposed upon you, […]
How much would a trustee cost with me having no assets, not being able to work and receiving monthly $1200 income from the government?
Lets get started with a formal introduction. You can give me your full name, your business name and your website address? My name is Doug Skive, I’m a Bankruptcy Trustee and Senior Vice President at MNP Limited. Okay Doug and how many years have you been a Bankruptcy Trustee? I received my designation in 1998. […]
In early 2009, I realized that my personal finances were going downhill. Although I considered myself a responsible person, and I had always paid my bills on time, it was now very difficult to make ends meet. I had no disposable income, and I skimped and tried to economize … but the recession had set […]
Most people know that if they become insolvent – that is, their cash flow decreases so that they can no longer meet their financial obligations – their assets will be at risk. For many consumers, their most valued asset is their home. Fears about loss of a home frequently cause people to delay facing their […]
