MNP Debt Blog

Following nearly seven years of sustained, near historic low interest rates, Canadian debtholders were surprised this summer when the Bank of Canada introduced two back-to-back increases in less than three months.

According to a recent Ipsos poll conducted by MNP LTD., Saskatchewan residents are increasingly worried about their ability to repay their debts.

I am a Canadian living in the United States. I have around $27,000 of Canadian Credit Card debt. Can I file for bankruptcy in Canada? What would that do to my US debts? Thank you.

I own a vehicle worth about $18000. I have a car loan with the vehicle as collateral. the balance owing is $22000. If i declare bankruptcy, will i lose the vehicle? Thanks for your advice DON

Whoever said money can’t buy happiness has never worked tirelessly for two weeks only to have an over drafted bank account swallow their entire paycheque...

If you are retired and have a large debt load, you may be considering filing for bankruptcy . You may also be wondering, however, what will happen to your retirement income and investments if you declare bankruptcy.

If you’re overwhelmed with debt and looking for relief, you may be wondering if bankruptcy is your only option.

The holidays are just around the corner. The tree is up and decorated, the baking is done, cards and letters are ready to send.

Canadians are carrying more debt than ever, which has left many wondering if they might be in over their heads.

As holiday spending quickly adds up – it’s all too easy to reach for credit to cover the increasing costs. But how much does that credit use cost in the New Year.