MNP Debt Blog

I’ve been asked that question quite often and there is no easy answer. Bankruptcy should almost always be the option selected after all other alternatives have been explored and you’re certain your debt is insurmountable.

While it can be tempting to solve a short-term cash problem with long-term savings, cashing in your RRSPs to pay down debt should be a last resort.

How are secured creditors (mortgages, car loans etc.) affected in a bankruptcy or proposal?

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

​​​It's a piece of wisdom as old as time – money and relationships rarely mix.

It’s a deceptively murky question without a straightforward answer.

Given today’s economy and an increased cost of living, many Albertans are feeling the pressure and are ready to ‘round up their debt’.

Canadians of all ages are awash in credit card debt, often paying exorbitant interest rates. Unfortunately, debt is becoming embedded in our society.

Hello, I have a vehicle lease I can no longer afford to pay and I was wondering if it gets reposed by the creditor can that cause me to go bankrupt ? I have a mortgage on a house so that is not an option ? Thanks

A recent study by Ipsos on behalf of MNP LTD underscores the anxiety British Columbians are feeling about the strain higher rates will place on their finances.