MNP Debt Blog

Owing a large amount of money to the CRA can feel overwhelming. There are options available to help you achieve a fresh financial start.

Often, people focused on solving debt problems through a Consumer Proposal or Bankruptcy may not recognize the impact these processes can have on their personal income taxes.

It is important to understand the terms and conditions of a buy now, pay later plan before signing up for it.

It’s important to understand how the debt will ultimately be split up, and what happens when one spouse can no longer afford to pay their share.

Starting to save early can help ensure you stay within your budget and reduce financial stress in the New Year.

Filing for Bankruptcy is an option for those who are overwhelmed by debt. Bankruptcy provides you with protection from creditor actions and relief from most types of unsecured debts. But it’s not always that simple.

How well do you understand your finances? In commemoration of National Financial Awareness Day, we encourage you to understand your credit history and constantly monitor your credit score.

Bankruptcy can be an intimidating proposition, but it doesn’t have to be scary or complicated. Living with financial stress has many negative impacts, on your wallet, your mental health, and on your ability to plan for the future.