MNP Debt Blog

These are some of the changes that came into force on July 7, 2008.

You’ve probably heard the expression “Keeping up with the Joneses”, right? It refers to the human desire of wanting to have what our peers or neighbours have – a luxury car, tickets to every big concert, designer clothes, exotic vacations, etc...

In Alberta, the answer to this question would be yes.

My question pertains to my spouse's debt. He has a government of Ontario Student Loan which he has not paid back in full yet - and it seems it's been some time since (he hasnt paid much to it in the 6 years we have been together - he has been graduated...

Is it possible to file a partial bankruptcy to eliminate credit card debt only.

Believe it or not, household debt in Canada has actually soared past levels in both the U.S. and the U.K. The average household carries about $110,000 in debt – more than double the amount we used to carry back in the early 90s.

I have seen people being referred to as a former bankrupt. How has that information been made public?

as a family we have 2 cars with loans and a mortgage. if we go bankrupt can we keep the cars and house but claim the credit cards and line of credit.

Early in July, the Bank of Canada’s first interest-rate hike in seven years set in motion a complex unwinding of a near-decade-long era of easy money via consumer debt.

Financial stress has been linked to relationship troubles, depression, high blood pressure and even a decreased immune response.