2025-09-26
Is some debt good for my company?
Lifestyle Debt Debt Solutions
Whether operating a small business, or large enterprise, there is a lot at stake for Canadian entrepreneurs.
MNP Licensed Insolvency Trustees are committed to providing the services and advice you need to permanently address problem debt — ideally before it becomes a problem. We’re also passionate about helping you feel as confident and comfortable as possible about your options for a healthy and positive financial future.
Our most popular blogs throughout 2021 cover a wide range of topics, from tax debt to rebuilding your credit after a Bankruptcy or Consumer Proposal to your rights as a consumer. They’ve already empowered hundreds of people on their debt free journey. We hope they’ll help you head into 2022 with renewed hope and optimism, no matter the challenges or opportunities that come your way.
August 14, 2018 | John Athanasiou, CIRP, LIT
It's often assumed the government has a limitless ability to collect their debts through any means necessary. And while they do have far more powers than the average creditor, there are still options to protect your income and get a financial fresh start.
November 21, 2018 | Joel Kideckel, CIRP, LIT
We’ve all been there — we swipe our credit card to complete a purchase only to later realize we’ve made a mistake. Thankfully in a great many cases, company policies and provincial laws protect us from having to live with the regret of hasty or misinformed decisions.
December 8, 2014 | Donna Carson, CIRP, LIT
The province of Alberta has a two-year statute of limitations for creditors to secure a court judgement to collect your debt. However, that doesn’t necessarily prevent them from contacting you or trying to collect in other ways.
October 4, 2021 | Grant Bazian, CIRP, LIT
The October 2021 MNP Consumer Debt Index raised red flags about Canadians’ plans to borrow more — and in potentially riskier ways — to make ends meet or finance their purchasing habits over the next few months.
June 10, 2014 | Lana Gilbertson, CIRP, LIT, and Linda Paul, CIRP, LIT
By completing a Consumer Proposal, you have permanently moved on from your past financial issues and are free of your unsecured debts. Now it’s time to prepare for what comes next — and that starts with rebuilding your credit rating.
November 24, 2020 | Leah Drewcock, CIRP, LIT
Now that you’ve completed your Bankruptcy or Consumer Proposal, you’re keen to take the next step toward home ownership. You’re saving, budgeting, and nearly ready to put an offer in — but have you factored mortgage default insurance into your calculations?
May 24, 2016 | Mary Plahouras, CFE, LL.M.
If you fail to comply with the duties imposed on you under the Bankruptcy and Insolvency Act, the Licensed Insolvency Trustee will oppose your discharge from Bankruptcy and bring an application for a court hearing. However, there may still be options to ensure you get a financial fresh start.
April 13, 2021 | Tanya Reynolds, CIRP, LIT
One of the biggest concerns among indebted pensioners is whether creditors have the right to seize or garnish their Canada Pension Benefits (CPP) and Old Age Security Benefits (OAS). The good news is these are usually protected — however, there are circumstances where protections don’t apply.
December 8, 2017 | Lana Gilbertson, CIRP, LIT
Do you have income tax debt that you’re concerned you won’t be able repay? The good news is most tax debt can be included in Bankruptcy or a Consumer Proposal and has no greater priority than any other debt.
July 20, 2021 | Olivier Boyd, CIRP, LIT, CPA, CMA
While everyone loves a good benchmark, there’s never a clear-cut answer for how much debt is too much for any individual. There are, however, universal warning signs that debt is becoming unsustainable.
2025-09-26
Lifestyle Debt Debt Solutions
Whether operating a small business, or large enterprise, there is a lot at stake for Canadian entrepreneurs.
2025-09-02
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
2025-09-02
Debt Solutions Lifestyle Debt 3 Minute Debt Break podcast
With rising inflation, increasing housing costs, and mounting daily expenses, many Canadians are finding that their paychecks no longer allow them to live as comfortably as they once did. Whether you're trying to pay off debt, save for a rainy day, or enjoy greater financial freedom, one option to consider is a side hustle.