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MNP Debt Blog

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A U.S. survey conducted earlier this year by NerdWallet Health found that medical bankruptcy accounts for the majority of personal bankruptcies.

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A recent Ipsos poll conducted by MNP LTD. finds Manitoba residents are finding it difficult to make ends meet – especially when compared to other provinces.

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

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If you go into bankruptcy or do a Proposal under the Bankruptcy and Insolvency Act, the creditor cannot attempt to collect from you, but they will attempt to collect the amount from the joint debtor, who in your case is your spouse.

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What happens if you can no longer pay any debts? With both people on pensions can the creditors go after your pensions and can they put a lien on your house even though you don't own it, but you have good standing with your mortgage. What happens if you...

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What Happens If I Owe CRA A Lot Of Money

Owing the government money can be very intimidating as it’s assumed the government has a limitless ability to collect the debt through any means necessary.

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What happens when you default on your consumer proposal and it becomes null and void? Does the credit rating automatically go back to zero after seven years even though it was never resolved?

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What Happens If I Cant Pay My Consumer Proposal Or Consolidation Loan?

First, let’s talk about what it means to default on a CP. Then we can look at what you can or should do if you do, in fact, default. There are certain protections in place that allow for some flexibility in ‘putting it back in the box’ so to speak, if...

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Relationship breakdown is one of the top contributors to financial hardship.

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What Happens At The Second Counselling Session?

Remember Simon and Molly? Last month they completed their first bankruptcy counselling session.

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