MNP Debt Blog

A Licensed Insolvency Trustee (LIT) is an insolvency professional who has been licensed by the Superintendent of Bankruptcy in Canada to help individuals and businesses who are having difficulty paying their debt, administer Consumer Proposals and Bankruptcies...

If you’re considering taking out student loans or securing financing for your education, there are certain questions you need to ask yourself, and perhaps your loan provider as well, before you jump in.

Financial scams have been around for decades. But they seem to have never been as common, insidious and invasive as they are today. It’s easy to assume you’ll never fall for a scam. But we’re all vulnerable, and we can all become victims...

Congratulations! Now that your Bankruptcy or Consumer Proposal is completed, you are in the next phase of taking control of your finances. Without debt, you now have the freedom and opportunity to make financial decisions based solely on your goals —...

For eliminating debt all-together, two widely used options for Canadian households are Bankruptcy and Consumer Proposals. Although both filings are legislated under the Bankruptcy and Insolvency Act, also known as the BIA, and must be filed by a Licensed...

When a debt is statute-barred, it cannot be brought to court and legally enforced because too much time has passed.

The impact of this year’s consecutive interest rate hikes and persistent inflation is becoming clear, as Canadians are seeing the effect on their wallets.

The impact of this year’s persistent inflation and consecutive interest rate hikes are becoming clear as Albertans grow more worried about the effect on their wallets.

The impact of this year’s persistent inflation and consecutive interest rate hikes is becoming clear as Saskatchewan and Manitoba residents voice concerns about the effect on their wallets.