MNP Debt Blog

If you have several different debts and you’re starting to have trouble managing them, you’ve probably already encountered the stress of trying to figure out who’s going to get paid and who’s not going to get paid this month.

With a weakened Canadian dollar and the cost of oil still on a downturn, more and more Canadians are relying on credit to help carry them from one financial obligation to the next - even with insolvencies on the rise.

Here is a small checklist of things to look at and what to pay special attention to. It will involve looking at a few documents and may involve a few phone calls and, if required, a meeting with your financial advisor, lawyer or notary.

As Albertans continue to face a difficult economic climate, increased job losses and a dropped loonie, it’s not surprising to learn that debt in the province is on the rise – and consumers are having a difficult time keeping up with their debt payments....

With a continual downturn in the price of oil, a barrage of layoffs and a weakened Canadian dollar, making it from one debt payment to the next has become a significant challenge.

As one of the largest personal and corporate insolvency practices in Canada, MNP Ltd. is excited to announce our expansion into Newfoundland.

Bankruptcy is a process that releases you from most of your indebtedness by handing over some of your property. In other words, bankruptcy lets you erase your debts and put an end to your indebtedness within a few months.

Given today’s economic climate, thousands of families across Canada find themselves in a delicate balancing act between keeping up with financial necessities while trying to pay down ongoing debt.

If you are struggling with unmanageable debt, there are several debt solutions available that provide actual relief and allow you to get back on track to financial freedom instead of holding you back.

A lot of people believe that personal income tax debt will never go away – that if you’re unable to pay, the debt will haunt you to the end of your days. After all, the government always gets paid right?