MNP Debt Blog

Upon filing for bankruptcy, there are a number of duties that you must complete which include paying fees, participation in two debt counseling sessions and submission of monthly income and expense statements.

If you’re overwhelmed with debt and looking for relief, you may be wondering if bankruptcy is your only option.

Picture this scenario: you are experiencing major debt challenges. You might also not be in a position to address your debt problems by obtaining a debt consolidation loan or seek credit counselling.

Generally when you file for bankruptcy or make a proposal to your creditors, unsecured debts will be released. Section 178 of the Bankruptcy Act lists the only debts that survive a bankruptcy or Consumer Proposal.

A former colleague of mine used to send out letters to consumers with two specially packaged Tylenol attached, along with a brief message that said, “ Taking these two tablets will make your headache disappear, but it will not provide permanent...

Meeting with a Trustee about Financial Problems

I completed a consumer proposal in March 2010. I took it out in March of 2008. No problems - it really helped me out. Just wanted to know when it will be removed from my credit file.

310 DEBT to Merge with MNP

If you have concerns about the proposal, the first thing I would: