MNP Debt Blog

If you're facing a mountain of debt, you're not alone. There are two viable options available to help you find relief: Consumer Proposal and Bankruptcy. How do you know which option is best for you?

Money can make or break your relationship. Managing your finances with your partner or spouse can guarantee a debt-free life and relationship.

This article will look at how often you can declare Bankruptcy, how it will affect your financial situation, and what other options you may have to address your unmanageable debt.

Parents and educators have a responsibility to ensure our young people understand the consequences of overspending and develop the life skills to budget. But it may be a difficult conversation to have, especially if you are struggling with debts of your...

Here are three common misconceptions our firm has encountered about consumer proposals.

Your spending habits are a crucial part of your journey to a fresh financial start and a healthy financial life. But if you’re already in debt or inching closer to it with every swipe of your card, there’s no reason to panic.

In this installment, we’ll discuss why you should close your account because the bank is aware of your filing, and they continue to take payments from your account.

For eliminating debt all-together, two widely used options for Canadian households are Bankruptcy and Consumer Proposals. Although both filings are legislated under the Bankruptcy and Insolvency Act, also known as the BIA, and must be filed by a Licensed...

Being insolvent can result in declaring Bankruptcy. However, insolvency does not necessarily lead to Bankruptcy. Depending on your situation, there may be other ways of dealing with your debt.

This is part one in a six-part series on the rationale behind switching banks prior to filing for bankruptcy or kicking off a consumer proposal.