MNP Debt Blog

Quebec residents are starting to feel better about their consumer debt situation and personal finances than just a few months ago, however many are still struggling, according to the latest MNP Consumer Debt Index.

According to a recent Ipsos poll conducted by MNP LTD., Canadians’ pocketbooks are continuing to get lighter as a result of recent interest rate increases.

The primary purpose of the Bankruptcy and Insolvency Act (BIA) is to allow honest but unfortunate debtors relief from their debts and the chance to make a financial fresh start.

People fear the word “bankruptcy” for many different reasons. Often people worry about the effects a bankruptcy may have on their credit rating, the effect on their family or on co-signors and the societal perceptions.

All debt can be overwhelming, but there’s no creditor quite as frightening as the all-mighty tax collector. In fact, unfiled and / or unpaid taxes are two of the most common reasons self-employed individuals and sub-contractors seek the assistance...

Debt by itself can be a scary thing. Coupled with divorce, it can seem insurmountable.

Thinking about financial freedom is like thinking about starting a diet – forcing yourself eat only healthy and unsatisfying foods when all you really want is a piece of double chocolate cake. But if you worry that finding financial stability means no...

As baby boomers continue to age, they face a growing number of questions about how they’re going to manage in the last phase of their lives.

After nearly a decade of historic lows, the Bank of Canada began increasing its key overnight interest rate in July 2017 in response to improving employment figures and a growing economy.

People often worry meeting with a Licensed Insolvency Trustee means they’ll be forced into Bankruptcy or a Consumer Proposal and not offered any other options.