MNP Debt Blog

Generally when you file for bankruptcy or make a proposal to your creditors, unsecured debts will be released. Section 178 of the Bankruptcy Act lists the only debts that survive a bankruptcy or Consumer Proposal.

A former colleague of mine used to send out letters to consumers with two specially packaged Tylenol attached, along with a brief message that said, “ Taking these two tablets will make your headache disappear, but it will not provide permanent...

The holiday season is meant to be a time to enjoy being with your family and friends. For those with debt stress, it may be difficult to enjoy the holidays when you are experiencing financial difficulties.

People are always asking: are there options before I have to file a Consumer Proposal or a bankruptcy? The answer is YES, but like anything, it takes commitment and diligence for them to work. So what are the options?

Consolidation loans are often the first option people think of when they find their debt is stretching their budget.

One of the first options anyone with financial difficulty should consider is consolidating their debts through what is normally called a debt consolidation loan.

People with poor or bad credit can have a hard time obtaining credit at a competitive or low rate. Lenders do not want to take the risk of offering loans they might not get paid for.

A survey conducted by Pollara for BMO revealed that Canadian holiday spending plans in 2013 were up for the third straight year, with anticipated average spending on travel increasing 22% to $689, while average gift-buying went up only slightly, to $678...

The holidays are just around the corner. The tree is up and decorated, the baking is done, cards and letters are ready to send.

Jill is a 40-year-old Canadian who moved to Australia in 2011 to resume a new life and a new career.