MNP Debt Blog

This is the year you are going to make financial health a priority. You are going to gain control of your finances, dig yourself out of debt, and eliminate stress from your life. And every day, you resolve that you will start that process…tomorrow.

With a few exceptions, most banks and lessors will agree to your keeping the vehicle in a bankruptcy and continuing on with the payments so long as your payment history has been good and your payments are currently up-to-date.

Currently, if you ended your studies less than 10 years before you start a bankruptcy, the bankruptcy will not release you from your obligation to repay the student loans.

Under the new Family Law Act of BC, I am now considered a common-law spouse. Am I responsible for my common-law spouse’s debts?

MNP LTD Trustee Zaki Alam was interviewed by CTV News Edmonton to discuss debt loads. Throughout the interview, Zaki discussed the significant amount of consumer debt across Canada, with Alberta having the highest average

If I apply for bankruptcy, will that include whatever I owe the government as well? Such as Motor Vehicle?

Does a bankrupt get to keep their RRSPs regardless of the amount, in a bankruptcy?

Are there certain debts that are not forgiven in bankruptcy?

Recently, a number of our clients have been rather shocked to find out that debt they thought was unsecured was, in fact, secured on their home.

Let’s take a look at the myths and the facts about bankruptcy.