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MNP Debt Blog

The blog is a way for you to reach out to MNP Trustees in your area and ask an anonymous question about debt, bankruptcy or any financial issues you want to know more about. You will also find articles on debt management, bankruptcy issues and how changes to the Act might affect you.​​

How to Handle Collection Agencies & Collectors

Consumers have often expressed their concerns to me about harassing calls from debt collectors and how to deal with collection agents. Some even complain that even though they have made an assignment in bankruptcy (i.e. filed for bankruptcy) or made a Consumer Proposal, some credit collection agents continue to call.  Read more >

The Top 7 Questions on Consumer Proposals

A Consumer Proposal is a formal, legally binding process to deal with debt. Although it is not a bankruptcy, it falls under the Bankruptcy and Insolvency Act.  Read more >

What is a Debt Management or Debt Settlement Service?

There are a number of companies that advertise ‘Debt Management Services’. In essence, these companies are suggesting they can negotiate a settlement with your various unsecured creditors on your behalf without going through a formal Consumer Proposal process.  Read more >

How To Resolve Your Debt Before Heading Into Retirement

While no one really wants to borrow more than they can afford, life doesn't always go as planned. Things happen in life in which you have no control.  Read more >

Eliminating Debt in Quebec

Do you live in Quebec? Are you struggling with debt? The good news is, there are multiple options available to help you eliminate your debts, each of which has their own unique considerations and work best in varying situations.  Read more >

Do Your Debts Die With You?

As the baby boom generation enters retirement, more Canadians are becoming concerned about the possibility of leaving a financial burden to their spouse or children when they die.  Read more >

Can I File For Chapter 7 Bankruptcy?

On occasion people with debt problems may indicate that they are contemplating filing Chapter 7. Chapter 7 refers to a section of the United States Code that provides for the liquidation of an individual’s non-exempt property and the distribution of the proceeds amongst his or her creditors. Read more >

Harassed by Debt Collectors? Here’s What You Need To Know

When you are in financial trouble, you are likely experiencing a stressful situation. Harassment by debt collectors will only add to that stress.  Read more >

Dealing with Personal Income Taxes and the Canada Revenue Agency

Personal income tax debt is a huge problem for both salaried and self-employed Canadians. The question is: why?  Read more >

4 Ways To Consolidate Your Debt

When you have numerous debts, debt consolidation should be one of the first options you consider to regain control of your finances. Before you start the process, check your credit score.  Read more >
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