MNP Debt Blog

We’ve all heard the phrase “don’t put your all your eggs in one basket.” But what does it really mean? In the context of finances, and debt in particular, it means don’t rely on only one type of debt just the same as it means...

Just like introducing the alphabet and numbers, it’s important for parents to have clear, accessible conversations around money, and healthy habits around finances.

The following questions will help you determine whether your loans may be eligible for discharge in an insolvency proceeding. And, if they aren’t, how you can still get the financial relief you deserve.

Parenthood happens differently for everyone. But the one thing the same for everyone is the impact on your finances. You are now responsible for a whole other person who depends on you for everything. The good news is you can start planning for these...

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...

Implementing these five tips for financial health can increase a student’s chance of converting that higher income into greater wealth and security.

Inflation is the measure of the rising price of certain goods and services. Statistics Canada measures it from month to month, based on a basket of goods that represents what a typical consumer would normally purchase.

The Bank of Canada (BoC) increased its policy interest rate by a full percentage point on July 13, 2022. It was the fourth increase to the overnight rate this year and the largest since 1998.

Being insolvent can result in declaring Bankruptcy. However, insolvency does not necessarily lead to Bankruptcy. Depending on your situation, there may be other ways of dealing with your debt.

When you take on debt, the ideal scenario is always to pay it off in full, one way or another. Sometimes that goal becomes out of reach, which is why alternatives like bankruptcy and consumer proposals exist.