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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.​​

Top 5 tips for dealing with debt collectors

The phone won’t stop ringing. You’re afraid to answer the phone because you’re pretty sure it’s a collection agent.  Read more >

Will I Go Through Bankruptcy Alone

The answer is no. A Government-Licensed Trustee will be there to help you through the process. Read more >

State of the Canadian Oilfield Services Industry and 2015 Outlook - Video

Recording of MNP's webinar discussing the State of the Canadian Oilfield Services Industry and 2015 Outlook. Read more >

How to Save Your Small Business from Declaring Bankruptcy

If you are business owner, you understand there are countless risks that can affect your business, sometimes with little or any warning. While in many situations you can react in time to minimize the affect on your business, other situations may be so damaging that your business cannot recover, for example, the loss of your largest customer or a key employee.  Read more >

Debt and Mid Life Crisis

Whether you know it or not, you may be going through a mid-life crisis. It usually crops up around the age of 35 to 40 because of many things, but family changes and debt accumulation can be the most problematic.  Read more >

Debt Is Not Cool

Author E.E. Cummings, when talking about his debts, is reported to have said, “I am living so far beyond my income that we may be said to be living apart.” Humorous as it may sound, being in debt is never cool. Read more >

Bankruptcy Cautions: What They Mean For Your Home in Saskatchewan

An exempt asset is defined under the laws of each province. Exempt assets are retained by the owner in the event of a bankruptcy and not accessible by that individual’s creditors. In Saskatchewan, $50,000 of equity (formerly $32,000 prior to May 28, 2012) in your home is exempt. That exemption applies to each person who owns the home. For the exemption to apply, the home has to be an “active residence.” Read more >

MNP’s Donna Carson opines on budgeting and personal bankruptcy issues on Calgary Shaw TV - Video

MNP’s Donna Carson opines on budgeting and personal bankruptcy issues on Calgary Shaw TV. Read more >

The Top 5 Categories of Family Debt – Part 2

This is the second entry in a two-part blog series on family debt categories. Part 1 discussed becoming a loan guarantor in general, as well as becoming a guarantor for a spouse’s business loans. Here are three other primary categories of family debt Read more >

How Will a Consumer Proposal Affect my Credit Rating?

If you’re overwhelmed with debt and looking for relief, you may be wondering if bankruptcy is your only option. The good news is – it’s not. Many individuals struggling with debt problems are looking at Consumer Proposals as a debt relief solution with many positive benefits, including a reduced impact on your credit rating in comparison to a bankruptcy. Read more >
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MNP Debt Blog