MNP Debt Blog

As Albertans continue to face a difficult economic climate, increased job losses and a dropped loonie, it’s not surprising to learn that debt in the province is on the rise – and consumers are having a difficult time keeping up with their debt payments....

Based on current economists, Canada’s debt to income ratio has reached an all-time high of 163.3%. This means Canadians have $1.63 of debt to every $1.00 of earned income, the highest level ever seen on record. Canada is only 15% below where the United...

Based on current economists, Canada’s debt to income ratio has reached an all-time high of 163.3%. This means Canadians have $1.63 of debt to every $1.00 of earned income, the highest level ever seen on record.

Canada Student Loan has announced new relief rules for student loan borrowers who are facing financial duress.

Birthdays tend to be a time of celebration and reflection and Canada’s 150th birthday is no exception.

I would like to ask if you can declare personal bankruptcy for only one of your creditors? I have others but the amounts are small and payments are up to date.

Can u help me? I'm steering into bankruptcy and I need your assistance.

The short answer, is yes, though the reality of passing off the responsibility of your debt(s) can be a little more complicated. There are a number of ways for a third party to assume responsibility for your debts – both on a formal basis and an informal...

Can I still operate my business if I am bankrupt?

Can I go bankrupt without meeting a Trustee? I live in a remote location.