MNP Debt Blog

With a stagnant economy and unemployment continuing to take its toll on several provinces, thousands of households or Canadian households are finding themselves struggling to keep up with an ever-increasing cost-of-living as debt continues to compound....

August 20, 2019 – Underscoring Ontarians' financial vulnerabilities when it comes to debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the...

Often, people are uncomfortable speaking openly about their debt and its impact on their personal well-being.

When it comes consumer debt trouble, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) show that Saskatchewan may be the only Canadian province experiencing an improvement. The number of Saskatchewan residents who filed...

​Relief from debt stress may be the only thing people focus on when they file a Bankruptcy. But for most households dealing with the overwhelm and hopelessness of long-term money problems, that's only the beginning. Bankruptcy has numerous peripheral...

Underscoring Manitobans' financial vulnerabilities when it comes to consumer debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the province. The...

Come through the other side of a Consumer Proposal or bankruptcy and need to build credit? Here’s some tips!

The approach taken by the Canada Revenue Agency (CRA) regarding the collection of personal income tax debt is straightforward.

People fear the word “bankruptcy” for many different reasons. Often people worry about the effects a bankruptcy may have on their credit rating, the effect on their family or on co-signors and the societal perceptions.

The primary purpose of the Bankruptcy and Insolvency Act (BIA) is to allow honest but unfortunate debtors relief from their debts and the chance to make a financial fresh start.