MNP Debt Blog

As the energy sector continue to spur unemployment across the country, millions of Canadians find themselves turning to credit to keep up with the cost of living.

Companies devote resources to protect their business but often overlook the details necessary to also protect key stakeholders and directors.

As unemployment continues to grip many Canadians largely due to struggling crude oil prices, it probably doesn’t come as a surprise to learn many have found themselves relying on credit to make it from one financial obligation to next.

One of the goals of the Bankruptcy Assistance Program (BAP), is to ensure low income consumer debtors who need a reduction in the typical fees of a Licensed Insolvency Trustee (“Trustee”) in order to file a bankruptcy can access the BAP, which is administered...

As the oil and gas industry continues to drag, thousands of Albertans are struggling through a period of significantly high unemployment. The province’s recession is not showing any signs of letting up as it leads thousands of consumers into financial...

MarketWired recently covered MNP’s recent Consumer Debt Sentiment Survey which shows millions of Canadians are struggling to stay afloat.

If we told you that many Canadians are struggling with overwhelming debt, would you be surprised?

Even with their debt concerns growing, Canadians appear to be reluctant to get help. A survey from MNP Debt revealed that only 14 per cent of Canadians who admit to being unable to pay their bills have sought professional help to deal with their debt....

Living debt-free. This is a concept very few Canadians can claim.

Fortunately, there are some simple steps that British Columbians can take to be more financially prepared for a shift in our economy.