What Is A Secured Debt

2008-03-15

Leslie, A secured debt is one where the lender (the person advancing the funds) takes security over an asset owned by the debtor (the person borrowing the funds). Typical examples are a mortgage on a home, a loan to buy a car secured on that car, a loan to buy a computer etc. The debtor will have executed a contract giving the lender security, and those contracts can usually be found by searching in Land Titles (for mortgages on real estate) or the Personal Property Security Registry ( for security registered on vehicles etc.). Ian Schofield Regina, Saskatchewan

Latest Blog Posts

2025-11-17

National Addictions Awareness Week

Jeane Herman

November 16-22, 2025 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and sharing information as to how family and friends can create support networks.

Read More

2025-11-13

Stigma of Debt: Your Questions Answered

Wesley Cowan John Athanasiou Tara Silliker

Debt Solutions

Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.

Read More

2025-11-12

Six tips to spend smarter this summer

Joey Zanni

Bankruptcy Consumer Proposal

Summer fun doesn’t have to come with a hefty price tag.

Read More

Consultation icon