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MNP Debt Blog

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How do I go about filing a Bankruptcy?

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...

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The treatment of assets in a personal bankruptcy

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

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Debt happens to everyone, so don’t be afraid to talk about it

There’s a persistent misconception about Bankruptcy which keeps people from taking the first step. Let’s see if we can debunk some of these here.

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Best of Season 1 - MNP 3 Minute Debt Break

With the first season of the MNP 3 Minute Debt Break podcast wrapping up, we look back at a few of our most informative episodes.

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The role and functions of a Licensed Insolvency Trustee are understandably confusing for those who are new to the insolvency process. Let’s take a look at some of their most important responsibilities.

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What is a debt management program and is it better than Bankruptcy?

For many people, the stress and uncertainty surrounding the pandemic has only served to compound existing financial difficulties. Loss of income and rising debt loads are adding to the stress and forcing individuals to look at options they never thought...

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Tax debt? You have options

This year’s tax season will more than likely be extra challenging for the nearly nine million Canadians who applied for the Canada Emergency Response Benefit in 2020.

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My partner filed Bankruptcy; do I need to as well?

It is a common misconception that if one partner in a marriage files Bankruptcy, the other needs to as well. However, this isn’t always the case: there is no law that says both parties must file Bankruptcy. But it is a timely opportunity to review...

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Consumer Proposals and Bankruptcies are government legislated insolvency options that can provide relief from serious debt problems. Both solutions can only be administered by a Licensed Insolvency Trustee. In addition, both solutions provide a legal...

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