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....

According to the Office of the Superintendent of Bankruptcy Canada, bankruptcies in B.C. are in decline. While this may sound like hopeful news in a struggling economy, MNP’s Lana Gilbertson warns this could be a sign of trouble on the horizon for...

With a wavering Canadian economy and unemployment continuing to roll through several Canadian provinces, thousands of households have found themselves struggling to make it from one financial obligation to the next.

With the Canadian economy verging on financial crisis, it's no surprise to learn thousands of Canadian households are struggling to keep up with the cost of living, on top of trying to stretch income from one debt payment to the next. In efforts of holding...

Congratulations! You’ve found your perfect home and qualified for a mortgage. The big work is done now. Or is it?

While consumer insolvency rates continue to increase in many provinces, consumer insolvencies (bankruptcies and Consumer Proposals) filed in B.C. were down almost 7% from 2015. That’s a good thing isn’t it?

Trying to pay your down debt but feel like there’s no wiggle room? Here’s a few tips to free up some funds and get you back on track.

When a person files a Consumer Proposal or bankruptcy, they are required to provide full financial disclosure to the LIT. In fact, the legal documents which summarize their financial position are signed under oath.

Considering bankruptcy as a debt solution but wondering what happens to your property across the border? Let’s explore.

The debt load is now overwhelming. This is not where you thought you would ever find yourself. After trying everything you can think of to manage it, you see no light at the end of the tunnel and you know it’s time to consult with a Licensed Insolvency...