MNP Debt Blog

Is there an alternative to bankruptcy? My income is 945 per month at present-my husband is temporarily out of work(construction) and I am unable to repay a large credit card (lent to my son) .Can a credit card company send your debt to a collection agency?...

Effects of the downturn are becoming clearer as it appears many Albertans relied on savings to offset reduced hours and job losses.

According to a recent Ipsos poll conducted by MNP LTD., Albertans are increasingly worried about their ability to repay their debts.

A combination of high – albeit leveling – debt, a manageable cost of living and low savings has Albertans feeling conflicted about their finances.

The Bank of Canada announced on Jan. 21 the interest rate had been cut by 0.25%. Although good news, MNP personal bankruptcy trustees caution Canadians about taking advantage of this decrease by taking on more debt.

An RRSP is an asset of a bankruptcy estate, however subject to exemptions provided by both provincial and federal legislation. It is the exemptions afforded a bankrupt that permits an individual to retain certain assets, while permitting them to access...

I am over 50,000.00 in credit card debt. Would I be better off to claim bankruptcy than to try to bring down my interest rates?

As 2018 draws near, now is a fantastic time to reflect on the year passed and the goals you would like to accomplish for the year to come.

Aside from getting in shape, finally getting on top of debt is among the top New Year's resolutions made every year.

Many people experience the frustration that comes with trying to pay down – or ideally, off – their credit card bills each month. It can be difficult to see the majority of your monthly payment going towards high interest charges.