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MNP Debt Blog

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What to teach kids about money, and when

Children and teenagers need better financial literacy training. That is a point everyone can agree on. Consensus is lacking, however, around just who should be providing it.

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Bankruptcy can provide relief for most types of consumer debt, save for a few noteworthy exceptions. Therefore, you can — in most cases — include a debt owing to the Insurance Corporation of British Columbia (ICBC) in a bankruptcy. However,...

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Your financial fresh start has opened a whole new work of possibilities for you, including the opportunity to become a homeowner.

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How to become a financial “tiger” parent

Happy New Year and we hope you are having a healthy and prosperous start to the Year of the Tiger!

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My spouse or partner has debt and I don't — what should we do?

You and your life partner do exactly that — you share a life together; but do you also share the burden of all of your debt too?

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What to do if you’re feeling blue this Blue Monday

While we’d never pretend to have solutions to all the problems that make Blue Monday depressing, there are steps you can take to reduce the financial stress that comes with this time of year.

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Understanding debt-to-income ratio

The debt-to-income ratio is a common headline story; for a long time, it has been reported that the number is very high and ever increasing. So what is this ratio, why is it rising, and most importantly, what does it mean for you personally?

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Managing insolvency engagements within the new reality of the Bubble impacted engagements when travel was required from individuals outside the Bubble. The creation of the Bubble affected interaction with other professionals – such as lawyers,...

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With a new year comes new financial resolutions, and for many people that means finally getting out of debt.

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The holidays are a time to eat, drink and be merry! But the pressure to celebrate the season can easily send your finances into the red for months. The desire to do the holidays in a big way could see your spending get carried away! There are plenty...

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