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MNP Debt Blog

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Is Bankruptcy the answer to your tax debt?

Few things strike fear in a person’s heart like tax debt. There’s a long-held belief that you can’t fight the government, so most people resign to not even bother.

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While social distancing is the right thing to do to defeat COVID-19, we realize these are difficult times. If you have been impacted by the pandemic and have questions about dealing with your debts, we are here to help. Our team is listening and will...

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In the midst of a pandemic, taking care of yourself and your personal health is of the utmost importance. However, this doesn't mean you can abandon your financial health.

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COVID-19 Rule Changes Now Allow for Virtual Bankruptcies and Consumer Proposals

Canadians are facing a lot of uncertainty right now. With a sudden economic downturn and many businesses shuttered due to social distancing measures, millions have found themselves out of work and unable to pay their debts.

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Can you buy a vehicle when you’re in Bankruptcy?

Provided under the Bankruptcy and Insolvency Act, Bankruptcy law aims to balance your need for a financial fresh start with your creditors’ right to recover a portion of the money they’re owed.

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The COVID-19 pandemic has shut down businesses, ravaged the global economy and caused significant job losses across the country.

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Do you have student loans that were not erased by a bankruptcy or consumer proposal? Most likely, you filed before you had been out of school for seven years.

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Unprecedented drop in insolvencies likely not a sign of financial stability

MNP released its most recent Consumer Debt Index just as the COVID-19 pandemic started gaining a foothold in Canada. The data — which Ipsos collected over the two weeks preceding the indefinite shutdown of non-essential businesses and millions of...

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Seniors and Debt

Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.

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Nearly Half (46%) of Canadians’ Work Situations Still Affected by Pandemic

As the Canadian economy begins to re-open after being shuttered for months due to COVID-19, nearly half of Canadians’ (46%) work situations are still affected by the pandemic.

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