MNP Debt Blog

Consumer proposals and bankruptcies are both government legislated options which can provide you with relief from significant debt problems.

In the following article, Ian Schofield, a Bankruptcy Trustee with MNP, discusses the significant increase in filings for bankruptcy or consumer proposals throughout Saskatchewan over the past few months.

Fixed credit, means you borrow money to buy something and you pay back the amount you have borrowed, usually over equal monthly payments.

Dads have been around. They know what’s going on in the world even if we think we know more. Sometimes they sit us down and tell us what we should know. Other times, Dads give us advice without us realizing it. It comes to us in offhand comments or subtle...

The credit card statements are neatly piled on the top of your desk waiting to be paid. All have different payment dates scattered throughout the month and collectively the payments are somewhat manageable but the interest rates are making it nearly impossible...

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....

Using a credit card for everyday purchases has increased substantially in the past decade. The ease of obtaining credit cards plus the benefits credit card issuers provide have stimulated use by many Canadians. In 2013 there were over 80 million credit...

There are differences between bankruptcies and consumer proposals across the provinces and I would encourage individuals struggling with financial difficulty to consult with a trustee such as myself who is resident in their particular province

If you are struggling with rising debt, you may be looking for support or assistance to get your financial situation back on track. Bankruptcy is not the only solution for dealing with your outstanding debts.

212 individuals and businesses filed either bankruptcies or Consumer Proposals in March 2105, which is the highest number reported in four years.