MNP Debt Blog

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.

Happy New Year and we hope you are having a healthy and prosperous start to the Year of the Tiger!

The COVID-19 pandemic has introduced a seemingly endless list of one in a generation and once in a lifetime challenges. First came the worst virus in more than a century, followed quickly by mass layoffs and business closures. Now we’re facing a...

You and your life partner do exactly that — you share a life together; but do you also share the burden of all of your debt too?

Often, people are uncomfortable speaking openly about their debt and its impact on their personal well-being. Those who are experiencing credit issues fear that the social stigma of debt may be viewed negatively by family and friends and society in general....

Did you know that one of the principal causes of stress for Canadians is financial difficulties?

While we’d never pretend to have solutions to all the problems that make Blue Monday depressing, there are steps you can take to reduce the financial stress that comes with this time of year.

The debt-to-income ratio is a common headline story; for a long time, it has been reported that the number is very high and ever increasing. So what is this ratio, why is it rising, and most importantly, what does it mean for you personally?