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MNP Debt Blog

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How to rebuild after a Bankruptcy or Consumer Proposal (3 Minute Debt Break)

After completing a Bankruptcy or Consumer Proposal, rebuilding your credit can feel nearly as daunting as getting out of debt. But just a few steps every day will get you where you want to go. The following steps will help you focus on your goals, outline...

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Discover the difference between bankruptcy and insolvency

Bankruptcy, insolvency — what's the difference — and, more importantly, which one will help you get the financial fresh start you need and deserve?

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Understanding the rules of surplus income

Whether you undergo a bankruptcy proceeding or a consumer proposal to get a fresh start from excessive debt, one important item to understand is the rules around surplus income.

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My spouse wants to declare bankruptcy and I don't, what are our options?

Debt problems can strain relationships and cause stress for the entire family. If your spouse has met with a Licensed Insolvency Trustee and is (or is considering) filing a Bankruptcy, the impact on you will depend on the extent of your joint debt.

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Four ways a Licensed Insolvency Trustee can help you resolve your debt

The ads talk about getting out of debt and getting a fresh start. Is that really possible? You decide to make a call and find out. Afterall, what can it hurt?

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Consumer Proposal vs. Bankruptcy: What’s the difference?

Many Canadians may find themselves overburdened with debt due to various factors beyond their control.

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How a Licensed Insolvency Trustee Can Help with a Bankruptcy or Consumer Proposal

How has COVID-19 impacted debt challenges in B.C.?

British Columbians have been through a lot in 2020 and 2021. The impacts of COVID-19 arrived suddenly and have been difficult to forecast. Some B.C. households have faced more challenges than others, but nearly everyone has experienced setbacks to some...

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Don’t let fear drive you away from Bankruptcy

What do Walt Disney, Elton John, and Larry King have in common? After filing Bankruptcy, these and countless other respected cultural icons all went on to achieve fortune, fame, and overwhelming success.

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