MNP Debt Blog

what happens to my house when filing for bankruptcy... there is still mortgage on it but not much equity...

I own my home with my wife, we are both are on title and we live there with our 2 young children. What will happen to my home,furniture,clothing,toys,computer etc. if I file for personal bankrupcy due to unpayable business loans?

November 1 marks the beginning of Financial Literacy Month in Canada. Each year, Canadians set out on a month long journey to become more literate, more mindful and more in control of their finances.

According to a recent Ipsos survey commissioned by MNP LTD., a large majority of Quebecers agree there is a lack of financial literacy amongst the public which is fueling the national consumer debt problem.

According to a recent Ipsos survey commissioned by MNP LTD., a large majority of Canadians agree there is a lack of financial literacy amongst the public which is fueling the national consumer debt problem.

As a father, there are several financial lessons I hope I’ve passed along to my children. These are valuable bits of wisdom I’ve learned from my parents, personal experience and through my work as an accountant and Licensed Insolvency Trustee.

High financial expectations coupled with harsh employment realities can leave recent post-secondary graduates feeling a little anxious and overwhelmed. The competitive job market, combined with lower than anticipated income and higher than expected costs...

I just signed financing paperwork with Toyota Canada for a new vehicle. Am I able to keep this vehicle after declaring bankruptcy?

I attended university in the US and am now living back in Canada. Is it possile to file for bankruptcy in the US? Will doing so harm my credit in Canada? Thank you for your help!

If you don't have a job when you file for bankruptcy, it doesn't really make any difference to how your bankruptcy is administered. What does impact a bankruptcy filing is income from any source.