MNP Debt Blog

A Consumer Proposal is a formal, legally binding process which involves a reduction of unsecured debt, or an extension of time for repayment of the debt or both.

Voluntary deposit is a judicial process used in Québec to restructure a debt repayment. It is legislated in the Québec Code of Civil Procedure.

Congratulations on taking the first step towards addressing your debt head on and working towards a fresh financial start!

As the national economy continues to waiver and unemployment grips several provinces, the realities of mounting debt are all too real for thousands of Canadian households.

If you are an individual who has filed a bankruptcy under the BIA and you have not been discharged from bankruptcy, you may opt to make a Consumer Proposal to your creditors.

While filing for bankruptcy may be a completely viable option for some, it’s not the only option out there.

Equifax Canada and TransUnion Canada are the two main credit bureau companies in Canada.

Assessing whether your client is experiencing financial distress does not require access to detailed financial information, but rather facts which are readily available if you keep a keen eye and watch for them.

A Consumer Proposal is a legal arrangement between you and your creditors, which is a great way to settle your debts when you are unable to repay them on your own.

As Albertans continue to grapple with the stark realities of a significant crisis throughout the energy sector, thousands of households have found themselves unable to keep up with day-to-day expenses, let alone their financial obligations.