MNP Debt Blog

Whether you know it or not, you may be going through a mid-life crisis. It usually crops up around the age of 35 to 40 because of many things, but family changes and debt accumulation can be the most problematic.

Personal income tax debt is a huge problem for both salaried and self-employed Canadians. The question is: why?

Individuals (and corporations) may find themselves in financial difficulty and Canada Revenue Agency (CRA) may be a creditor, possibly the largest creditor. This blog post will look at whether, and how, those debts can be included in a filing under the...

When dealing with debt, there are both formal and informal options. Formal options are undertaken via the Bankruptcy and Insolvency Act (BIA).

Hi I want to have personal Brankruptcy i have no money if I have bankruptcy how much will cost and who will pay?

I"m thinking of personal bankruptcy. I have a fulltime job plus I have a small incorporated business on the side that is pretty much on stand still. It is not making any money has no debt what so ever. Can I still consider a personal bankruptcy without...

Beginning in January 2018, the Office of the Superintendent of Financial Institutions (OSFI) has prescribed new mortgage rules for Canadian homebuyers.

As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit and (current) low interest rates to help keep up with monthly financial obligations and expenses....

A Consumer Proposal is a formal, legally binding process which involves a reduction of unsecured debt, or an extension of time for repayment of the debt or both.

I completed a consumer proposal in March 2010. I took it out in March of 2008. No problems - it really helped me out. Just wanted to know when it will be removed from my credit file.