2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2014-03-14
Many people struggling from debt issues are afraid to answer the phone or open their mail. As debt issues get worse, the contact with creditors can become more frequent and more demanding. This is especially true if your debt has been transferred to a collection agency. The Ministry of Consumer Services outlines some useful information regarding collection agencies and debt collection for consumers. Here's what you need to know:
A collection agency can contact family and friends to enquire about your address or telephone number if they have been unable to reach you. Ignoring telephone calls and letters may lead the creditor to seek other ways to reach you as they attempt to collect your debt.
To get a creditor to stop calling you, you need to make a mutually agreeable payment arrangement. Once an agreement has been reached, be careful not to default on any of the scheduled payments or you could be subject to legal action. If you have multiple accounts in collection, you must make separate agreements with each agency.
If you cannot afford to pay your debt, it's time to contact MNP to discuss your options. We can help you negotiate a plan with your creditors based on what you can afford to pay each month. To put an end to harassing phone calls and debt stress, contact MNP today.
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
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
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.