MNP Debt Blog

Until March 2020, there was no such thing as a virtual insolvency proceeding, unless you lived in a remote area. If you wanted to file a Bankruptcy or Consumer Proposal, you had to meet with a Licensed Insolvency Trustee in person.

While taking on business debt is not inherently bad, like all debt, you must approach it from a prudent and practical standpoint.

The average person spends most of their life chasing financial stability. We may not feel like we’re getting ahead, but for many of us that’s ok; as long as we’re not falling behind. What does it mean to be financially healthy, and how...

It’s never too early to start saving for Christmas spending. The sooner you include this in your monthly budget, the easier it will be to manage those upcoming expenses and start the following year off without any additional debt.

Between generations and over the years, our behaviours, attitudes and approach to finances have changed dramatically.

Compromised mental health is a concern for many reasons — including its negative economic impacts. At the same time, financial stress can certainly adversely affect mental health.

Creating strong budget habits early in adult life is essential to building a pathway to financial independence. To start, you will need to learn to create a budget.

You have probably heard, more than once by now, that not all debt is created equal. Some types of debt can actually be beneficial, where others can put your personal and family well-being at risk.

The terminology surrounding debt problems and solutions can be confusing. How much debt is “overwhelming” debt? What does it mean to be insolvent — does it simply mean owing too much money to too many credit accounts? And what is the...