MNP Debt Blog

I was just a few years out of high school and still lived at home with my parents when I started working as an accounting and finance student at one of the ‘Big Four’ accounting firms.

Like all professions, there are several questions Licensed Insolvency Trustees hear quite regularly. By far the most common is “What is the typical cause of Bankruptcy or insolvency?”

After receiving your discharge from Bankruptcy, you have now permanently moved on from your past financial issues and are free of your unsecured debts. It’s time to start rebuilding your credit rating.

Many people are concerned about their credit rating. After all, this may determine whether you qualify for a mortgage or a car loan — and possibly even whether you get the apartment you’ve applied to lease.

The warning signs of personal financial trouble are everywhere. Knowing what they are and how to recognize them can be the difference between quickly recovering from one or two bad months and being trapped in a months or years-long battle with debt. ...

This question comes up a lot, but it’s a difficult one to answer. While everyone loves a good benchmark, there’s never a clear-cut answer for how much debt is too much for any individual.

The most common concern for debtors contemplating a Bankruptcy is what they’ll have to give up to achieve a financial fresh start.

Is it difficult to declare bankruptcy? The short answer is… no. However, there are a few things you should know before you consider bankruptcy as a debt management resource.

Everyone can relate to feelings of depression and hopelessness at various points in their lives. Chronic or fleeting, these emotions may result from a sudden unexpected event such as a job loss, illness, or relationship breakdown — or build up more...

One of the most common questions among consumer debtors contemplating Bankruptcy is, “what will happen to my assets?”