MNP Debt Blog

I have approximately 4 small debts, with credit card companies and a $7,500 unsecured loan in Manitoba, would it be advisable to file for bankruptcy before these creditors file for garnishment?

Relying on credit to carry you through times of underemployment? Careful! Debt can be more costly than you think!

How can I get out of debt? Pls any advice would be appreciated.

MNP LTD Trustee Ian Schofield was interviewed by CTV News Regina to discuss the increase in insolvencies in Saskatchewan. Throughout the interview, Schofield highlights the fact that Saskatchewan is at its highest level of insolvency filings in four years....

Canadian consumer debt is at an all time high, with more than half of our assets' tied up in real estate.

As the national economy continues to waiver and unemployment grips several provinces, the realities of mounting debt are all too real for thousands of Canadian households.

According to Statistics Canada, the annual inflation rate in Canada jumped 1.6% in December. Much of this increase can be attributed to the rising costs of groceries.

With Father’s Day around the corner, I find myself reflecting on some of the financial lessons I learned from my father over the years.

As the price of oil continues to affect households throughout Alberta and Saskatchewan, many are falling behind and finding themselves unable to keep up with the day-to-day cost of living, let alone staying on top of their debt obligations.

I have read on -line regarding 1st and 2nd bankruptcies....but what happens if there is a third ? Are you ever discharged from a third bankruptcy? Is a consumer proposal the better option?