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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.​​

Not a Canadian Citizen and in Financial Trouble? Here’s Some Well Deserved Advice!

Canada is a welcoming place. People from across the globe have been choosing to immigrate here for generations and have, in return for new opportunities, given back more than could have been expected. Our country is richer for their presence. Read more >

MNP's Ag Outlook 2016 Webinar

Recording of MNP's webinar discussing the Canadian Agriculture Services Outlook. If your firms or clients require Corporate Recovery or Agricultural Services please feel free to contact us to arrange a meeting. Read more >

As Household Debt Continues to Rise, How are We Going to Pay for It?

With a weakened loonie and job losses on the rise, many are struggling to keep up with monthly expenses. In fact, according to a poll conducted with MNP, nearly 50% of Canadians are within just $200 of not being able to meet their financial obligations. Read more >

Loan Worries Weigh on TD, CIBC

As Alberta oil and gas companies continue to struggle with falling oil prices, many Canadians continue to struggle with unemployment, debt dependency and a difficulty keeping up with financial obligations from one month to the next. In this weakened economy, even financial institutions are looking for ways to accommodate a rise in delinquencies. Read more >

Canadian Debt is On the Rise but Our Economy Isn’t

As Canadians struggle in a weakened economy, thousands are starting to bend under the weight of trying to make it from one financial obligation to the next. And what are we relying on to get us through the day-to-day expenses? Debt. Read more >

Filing a Bankruptcy - Is it Really That Easy?

More often than not, when people find themselves in financial trouble they’re usually not sure what options are available to help them get back on track. Well-meaning friends and family may suggest a bankruptcy as a quick and easy solution. Even some insolvency firms who present themselves as having your best interests in mind, will say it only takes half an hour to come up with a plan to solve your debt problems. Read more >

Is Your Debt Making You Sick?

In times of financial uncertainty, many Canadians are relying on debt to help them make it from one financial obligation to the next. The problem is, using debt to pay for debt - will only lead to a dangerous cycle that can be very difficult to escape. Then comes the fallout - maxed credit and harassing phone calls to accompany the stress of managing the cost of essentials like housing and groceries.  Read more >

Before You Sign… Do You Know the Dangers of Co – signing a Loan?

Co-signing or guaranteeing a loan is one of the most dangerous financial decisions you can commit to. When you co-sign or guarantee someone’s loan, you take on all the financial risk, yet receive little or no benefit from the transaction. But in most cases, the guarantee is provided for a loan that a relative or friend has applied for, making it a difficult request to decline. Read more >

Putting All Your Debt in One (Manageable) Place

If you have several different debts and you’re starting to have trouble managing them, you’ve probably already encountered the stress of trying to figure out who’s going to get paid and who’s not going to get paid this month. Juggling debt from month to month (or for some even week to week) can become completely overwhelming, especially when you’re pairing it with your regular living expenses. If this is your situation, you’re definitely in need of a viable debt solution that allows you to get ahead of your debt so you can get back to living. Read more >

Understanding Why Too Many Credit Inquiries Can Hurt Your Credit Score

With a weakened Canadian dollar and the cost of oil still on a downturn, more and more Canadians are relying on credit to help carry them from one financial obligation to the next - even with insolvencies on the rise.  Read more >
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