MNP Debt Blog

Owing, in large part, to nearly seven years of ultra-low interest rates, low-barrier borrowing and the relative affordability of credit, Canadians are further in debt than ever before.

While the economy seems to be doing better in most of Canada these days, one demographic may be struggling more than others – and that’s our seniors.

When you file for bankruptcy, it is helpful to first understand what the potential related costs of the process are and how they are determined.

It is amazing how one time of year can bring about feelings of warmth and joy while simultaneously causing stress and anxiety.

When eliminating debt, a Consumer Proposal just one of the options outside of bankruptcy. So how do the others stack up?

Having a household credit card or two can come in handy for multiple reasons – which is probably why there are approximately more than 43 million credit cards currently active in Canada.

hi i was wondering if i could get some info on some things i owe almost 8,000 in debt and at my witz end just wondering if bankruptcy was a good soultion ive tried talking to the banks and thats going now were

When you are in financial trouble, you are likely experiencing a stressful situation. Harassment by debt collectors will only add to that stress.

There are many barriers that prevent people from getting help, but fear of the unknown is certainly the most common. Despite its effectiveness, bankruptcy continues to be mired in stigma and misinformation.

I am married. If I file for personal bankruptcy I understand that I can keep a portion of my earnings and some of it goes to payment of my creditors. Would my wife's income and income of other people in my family be added to my income to calculate how...