MNP Debt Blog

Your bankruptcy does not automatically lead to the bankruptcy of your spouse. The fact that you are married or living common-law has no effect during bankruptcy. It is mostly your shared assets and debts that may have consequences for your spouse.

What are my rights with regards to collectors? I have heard that there are some regulations regarding what collectors can and can't do and I'm wondering where I would find out about that?

Filing for bankruptcy can be daunting. Many people fear they will lose absolutely everything. The good news is, that’s not the case. When you file for bankruptcy, some of your assets are protected from being seized by the creditors.

While many Canucks often fly south for the winter season, more and more are opting for more creative getaways in hopes of holding on to their dollars - and avoiding hefty credit card bills.

Sometimes it seems that financial duress can sneak up on you. There are however, certain warning signs that may indicate you are in financial trouble, such as...

My friend used a "bankruptcy advocate" to help her file for bankruptcy. What is it and do I need one?

I haven't filed taxes in ten years. Don't even have all the paper work. Owe about $50000 to the government and about $6000 in other debts. Just need to know where to start. Child support is 1305 and currently on unemployement

Canada day marks a great time for a mid-year check-up into where you are at surrounding your financial goals for the year.

An informal debt settlement of debts is essentially a voluntary proposal between you and your creditors without judicial surety or the step by step support that comes from working with a licensed trustee.

When most people think of the term surplus income they think of the amount that they have available to spend after deducting their discretionary (i.e. entertainment, etc.) and non-discretionary (i.e. child support, etc.) expenses.