MNP Debt Blog

Many people struggling from debt issues are afraid to answer the phone or open their mail. As debt issues get worse, the contact with creditors can become more frequent and more demanding.

Are criminal fines written off in a bankruptcy or proposal?

Can I get help with 1 credit card that is over-limit?

The Financial Consumer Agency of Canada released an article warning the public against some practices within the field of debt reduction. After reading the article, I thought it important to expand on the topic; specifically on how it relates to the field...

I have been spending beyond my means, I have a good job, but I can't keep up with my payments. My friend told me I can not go bankrupt because I make to much money, is this true? I make close to 40,000 but I owe about the same with credit cards and car...

How long after a bankruptcy do I have to wait to be a director of a corporation, non-profit or otherwise?

And what about any other types of investments? Assets?

Canada is a welcoming place. People from around the world have been choosing to immigrate here for generations and have, in return for new opportunities, given back more than could have been expected. Our society is richer for their presence.

In Canada, creditors assign credit ratings on a scale of 1 to 9, with 1 meaning your payments are being made on time and 9 meaning your debts are in collection or considered uncollectible.

Dealing with a personal financial crisis is stressful. Adding to the confusion are the numerous debt settlement companies and financial institutions offering different approaches for resolving your debt issues.