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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.​​

Four Good Reasons for Making a Consumer Proposal Instead of Settling Debts on Your Own

Picture this scenario: you are experiencing major debt challenges. You might also not be in a position to address your debt problems by obtaining a debt consolidation loan, or seek credit counselling. Furthermore, filing for personal bankruptcy is something you prefer to avoid. You do not find a debt management service attractive because you know it can be incredibly expensive. Read more >

Top 7 Budgeting Tips for the New Year: Resolve to be Debt Free!

Will 2015 be the year you break the cycle of debt? If you’re tired of relying on credit and looking to secure a more comfortable financial future for yourself, read our seven step process to help you budget accurately and reduce your debt.  Read more >

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 >
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MNP Debt Blog