MNP Debt Blog

Companies devote resources to protect their business but often overlook the details necessary to also protect key stakeholders and directors.

Trying to manage debt can be a highly stressful matter for anyone to handle, especially during the holiday season.

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...

First, let’s talk about what it means to default on a CP. Then we can look at what you can or should do if you do, in fact, default. There are certain protections in place that allow for some flexibility in ‘putting it back in the box’ so to speak, if...

Given today’s economic climate, thousands of families across Canada find themselves in a delicate balancing act between keeping up with financial necessities while trying to pay down ongoing debt.

In this tough economic climate, it's difficult to make planning and budgeting for the future a priority. While millennials may still feel like the 'younger' generation, in truth, they are actually beginning to move into management and executive positions...

The Office of the Superintendent of Bankruptcy (OSB) - Canada's regulator of bankruptcy and insolvency - has announced that the designation “Trustee in Bankruptcy” will be replaced by “Licenced Insolvency Trustee” in the New Year,...

Often, when people think of insolvency, they relate it directly to bankruptcy. This can be very deflating to those who find themselves struggling with debt, but want to avoid having to file for bankruptcy.

Unmanageable debt is exhausting. Living in financial uncertainty while trying to maneuver multiple payment schedules at varying interest rates, paired with the harassing phone calls from creditors can be completely overwhelming.

Are your debt problems heating up? Perhaps it’s time to cool off with some debt relief