MNP Debt Blog

The Bankruptcy Assistance Program (the “BAP”) under the Bankruptcy and Insolvency Act is a very significant program for consumers.

Losing a loved one can be one of the most emotional time and stressful experience. Trying to come to terms and navigate through financial concerns can be overwhelming.

It’s the middle of winter and the weather has been miserable for what seems like forever. Sandy beaches and warm coastal waters are beckoning. Better yet, there are deals galore available for sunny destinations.

Dealing with the stress of unmanageable debt is exhausting. Once you’ve decided that enough is enough and it’s time to face your financial situation head on.

Now that you’ve made the decision to start working towards a fresh financial start, it’s important to have all the information you need to move forward. After all the time you’ve spent struggling with unmanageable debt, the last thing you need is another...

Unmanageable debt is exhausting. Living in financial uncertainty while trying to maneuver multiple payment schedules at varying interest rates, paired with the harassing phone calls from creditors can be completely overwhelming.

Filing for personal bankruptcy still carries a powerful stigma in this country. Mere mention of the word conjures up thoughts of irresponsible consumers who couldn't be bothered to figure out a reasonable budget.

Navigating through the ins and outs of debt solutions when you are in financial distress can be overwhelming. The stress of harassing phone calls from creditors or collection agencies certainly doesn’t help.

Based on current economists, Canada’s debt to income ratio has reached an all-time high of 163.3%. This means Canadians have $1.63 of debt to every $1.00 of earned income, the highest level ever seen on record.

A consumer proposal could be the solution that changes your life.