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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.​​

Bankruptcy Trustee Urging Consumers to Save and Pay Down Debt

MNP LTD Trustee George Lomas was interviewed by Country 95. FM News to discuss paying down household debt while interest rates are low. The original article was originally posted on Country 95.5 FM News on January 26, 2015. Read more >

The Top 5 Categories of Family Debt – Part 1

One of the most heartbreaking aspects of debt we see is the breakup of family relationships when a guarantor is called upon to pay a family debt. These situations can put a strain on their finances and potentially jeopardize their own credit situation, leading to strife amongst family members. It is important to take the time to learn about the types of family debts. Over my next two blog posts, I will explore the top five categories of family debt. Read more >

Panicked About Post-Holiday Debt?

The festive holiday season has now passed – a time typically marked by overindulgence in many areas, including spending. Now that it’s over, does it mean time to get back to regular spending habits? Or does it incite panic, knowing that your credit card bills will soon be coming? Read more >

It’s time to go on a ‘spending diet’

MNP LTD Trustee Randy Kobbert was interviewed by The Lethbridge Herald to discuss post-holiday debt and budgeting for the New Year.  Read more >

What If I Were To Stop Making Credit Card Payments?

What If I Were To Stop Making Credit Card Payments? Read more >

By The Numbers: Don’t delay if you’re dealing with debt

MNP LTD Trustee Judy Scott was interviewed by The Province to discuss post-holiday debt. Read more >

Who will find out if I’ve Declared Personal Bankruptcy?

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 is a matter of public record. Read more >

Top 5 Signs of a Debt Management Scam

Debt settlement companies have been growing quickly in Canada. They advertise credit counselling, debt settlement, debt relief, debt consolidation and debt management. What they offer sounds great. For example, a company may promote: “Reduce your debts by 70% and you won’t have to file bankruptcy.” Can this be true? Read more >

Top 3 Ways To Manage Post-Christmas Debt - Video

MNP LTD Trustee Judy Scott was invited to speak with The Vancouver Sun on January 5, 2015 to talk about the top three things to help people to manage post-Christmas debt. Read more >

SGI Claims in a Bankruptcy in Saskatchewan

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.  Read more >
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MNP Debt Blog