MNP Debt Blog

Many people are surprised to learn there is no minimum or maximum income threshold to file a Bankruptcy. Individual financial situations are so unique that it’s possible someone earning $10,000 per month is just as eligible to file a Bankruptcy...

Fear of losing needed or cherished assets is one of the most common reasons why people are hesitant to file a Bankruptcy. And a motor vehicle is understandably one of the assets potential bankrupts are most fearful of losing. Unfortunately, there isn’t...

As you look ahead to the future and retirement, you probably have many goals and dreams you’re looking forward to. But for many seniors, just when they should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially....

Consumer Proposals and Bankruptcies are government legislated insolvency options that can provide relief from serious debt problems. Both solutions can only be administered by a Licensed Insolvency Trustee. In addition, both solutions provide a legal...

Just the mere thought of financial planning is enough to send many people into a tailspin. But it can be a truly empowering exercise. You just have to break it down into small enough steps so it’s not so overwhelming.

It is a common misconception that if one partner in a marriage files Bankruptcy, the other needs to as well. However, this isn’t always the case: there is no law that says both parties must file Bankruptcy. But it is a timely opportunity to review...

Are you in a situation where you’ve fallen behind on your debts and now the account is in collections? As if the stress of your mounting bills wasn’t bad enough, now you’re worried there’s a collections agent lurking behind every...

We may not always agree with our parents, but we are undoubtedly influenced by their habits, attitudes, and points of view. The norms and traditions of our upbringing can have lasting impacts on everything from the kind of laundry detergent we prefer...

This year’s tax season will more than likely be extra challenging for the nearly nine million Canadians who applied for the Canada Emergency Response Benefit in 2020.

Fifty-three percent say they are $200 or less away from not being able to meet all of their monthly bills and debt obligations, a six-point jump from December. This includes three in 10 (30%, +3pts) who report already being insolvent with no money left...