MNP Debt Blog

Is the drop in the Canadian dollar affecting your financial health? Good news! You can still live well by spending smart!

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....

Given today’s weakened economy, an ever increasing cost of living and a struggling Canadian dollar, it’s no surprise to learn that many Canadians have come to depend on credit to get them through financially tough times.

A consumer proposal could be the solution that changes your life.

Will I lose my family allowance in bankruptcy?

The origins of the fear factor

MNP LTD Trustee Doug Stuive was interviewed by Bankruptcy Canda Inc. , to discuss debt, bankruptcy and consumer proposals.

Financial distress due to unmanageable debt can sneak up on you. When your debt starts to add up and payments begin to fall behind, this is the absolute best time to take a look at your budget and to look at your options.

As the Canadian economy continues to struggle and the cost of living continues to soar, many Canadians are struggling to keep up with the costs of day-to-day living, let alone manage debt or save for the future. Sound familiar?

How public is personal bankruptcy? Is it published in the newspaper? Will my employer be notified?