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Resources > MNP Debt Blog

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.​​

The Pitfalls and Budgeting Opportunities of Retail Payment Programs

People with poor or bad credit can have a hard time obtaining credit at a competitive or low rate. Lenders do not want to take the risk of offering loans they might not get paid for.  Read more >

Christmas Without Debts – It’s A Wonderful Life

A survey conducted by Pollara for BMO revealed that Canadian holiday spending plans in 2013 were up for the third straight year, with anticipated average spending on travel increasing 22% to $689, while average gift-buying went up only slightly, to $678 from $674.  Read more >

Avoiding Holiday Season Overspending - Video

MNP LTD Trustee Zaki Alam was invited to speak with TV Global Edmonton on December 17, 2014 to help explain how to better manage your holiday finances and avoid debt in the New Year. Read more >

How to Survive the Holidays on a Budget

The holidays are just around the corner. The tree is up and decorated, the baking is done, cards and letters are ready to send. The kids have provided their ‘wish list’ which seems to include every item from every flyer imaginable, never mind that you have your own parents and siblings and nieces and nephews to buy for.  Read more >

Can I file a Bankruptcy in Canada if I Live Abroad?

Jill is a 40-year-old Canadian who moved to Australia in 2011 to resume a new life and a new career. Although Jill has not accumulated any new debts in Australia, she owes over $60,000 to her Canadian creditors, including the Canada Revenue Agency (CRA), for unpaid personal income taxes, student loans, various credit cards, a line of credit and a bank overdraft.  Read more >

Personal Loans & Budgeting Tips to Help You Become Debt-Free

If you are struggling to make your minimum monthly debt payments or if you are concerned that the minimum payments are not effective in reducing your total debts, a personal loan may be an effective way to consolidate your debts and reduce your total debt load over a set period of time.  Read more >

If I Live in Saskatchewan, Can I Keep My Car in a Bankruptcy?

As Trustees and Proposal Administrators in Saskatchewan, one of the most frequently asked questions we hear is "can I keep my car?." In most of the situations we come across, the answer is - yes.  Read more >

The holidays – A time for fun or for stress?

The holidays are fast approaching. You are being bombarded by ads left and right. You need gifts for your significant other, kids, and family members. Read more >

Is There a Statute of Limitations on my Debt?

In Alberta, the answer to this question would be yes. Read more >

Don’t Drive Yourself Into Auto Debt

According to recent reports, auto sales in Canada are on track to reach a new record for 2014, with optimistic consumers tempted by low interest rates, longer loan amortization periods, dealer incentives and more recently, lower fuel prices. It seems like a great time to buy or lease a new car.  Read more >
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