MNP Debt Blog

Remember Simon and Molly? Last month they completed their first bankruptcy counselling session.

When Canadians find themselves in financial trouble, they may wonder about their options and who might be able to help.

The causes of excessive debt in Canada vary widely, with many factors coming into play.

The ability to keep your house when filing for bankruptcy depends on several factors.

Will I lose my home if I file bankruptcy?

The answer is no. A Government-Licensed Trustee will be there to help you through the process.

I am wondering if a life insurance policy would have to be collapsed and that money used to help pay creditors - it is worth about 10,000, the person still pays a monthly installment for it, and it is the only asset she has. Thank you,

Could you use a little extra cash in your pocket? Paying off your credit card debt will help.

The number of Canadians aged 65 and older is increasing rapidly. By 2030, they will make up more than one quarter of the country’s population.

Since last year, the Office of the Superintendant of Bankruptcy in Canada reported a 24% increase in the number of filings in Saskatchewan over the same 3 months in 2013 and 2014.