MNP Debt Blog

People often worry meeting with a Licensed Insolvency Trustee means they’ll be forced into Bankruptcy or a Consumer Proposal and not offered any other options.

Starting a new business is a great adventure. The anticipation for what’s to come motivates you to get up and take on the next challenge each morning.

Whether it’s due to a job loss, marital separation or spending beyond your means, debt and interest costs can quickly become unmanageable. If you owe money and are having difficulties paying them back in a timely manner, you can expect lenders to...

If you’re struggling with debt, you may have missed payments, debts may have gone to a collections agency and your stress levels are through the roof. Maybe you’re concerned about your credit rating and what to do next.

Does this sound all too familiar? You started out with the usual plan for most Canadians — get a job, buy a home and save for retirement. As retirement approached, you expected your mortgage would be paid off and you would have a pension or nest egg....

Anyone with debt — whether it is a small or large amount — must take time to mange it. The larger your debt load and the more creditors you have, the more difficult this will be.

Accessing and using credit is easier than ever. And that’s certainly convenient for some. But for others it means accumulating balances and interest charges faster than they anticipate — or can manage.

According to Government of Canada figures, upwards of five million Canadians have applied for COVID-19-related income loss support since measures were announced in March.

While social distancing is the right thing to do to defeat COVID-19, we realize these are difficult times. If you have been impacted by the pandemic and have questions about dealing with your debts, we are here to help. Our team is listening and will...

In the midst of a pandemic, taking care of yourself and your personal health is of the utmost importance. However, this doesn't mean you can abandon your financial health.