MNP Debt Blog

A recent study by Ipsos on behalf of MNP LTD underscores the anxiety British Columbians are feeling about the strain higher rates will place on their finances.

Canadians of all ages are awash in credit card debt, often paying exorbitant interest rates. Unfortunately, debt is becoming embedded in our society.

Hello, I have a vehicle lease I can no longer afford to pay and I was wondering if it gets reposed by the creditor can that cause me to go bankrupt ? I have a mortgage on a house so that is not an option ? Thanks

Generally when you file for bankruptcy or make a proposal to your creditors, unsecured debts will be released. Section 178 of the Bankruptcy Act lists the only debts that survive a bankruptcy or Consumer Proposal.

As an MNP LTD Trustee and a member of our Surrey, B.C Team, Judy Scott recently came across the following two articles in the Vancouver Sun and Huffington Post and felt it would be advantageous to our clients to respond.

The year 2017 was one of many highs and lows, from the surge of bitcoin to iconic retailer Sears shutting its doors. Now it's 2018, a new year, with new resolutions and hopefully, new goals.

i recieve an annuity from my pension if i claim bankrupcy will i lose anypart of my pension

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.