MNP Debt Blog

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...

Picture this scenario: you are experiencing major debt challenges. You might also not be in a position to address your debt problems by obtaining a debt consolidation loan or seek credit counselling.

I will owe the government about $150000 and have about 150000 in equity in my condo. I will not be able to make the payments to the government for taxes. Is my scenario a case for bankruptcy or does one have to sell the home?

Would you please explain "net income" - What if we have deductions as in CPP, Medical Insurance, and Super Anuations - Would we have to include that to our net income? Thanking you. Just very concerned before making a committment.

In a recent poll conducted on behalf of CIBC, 14% of Canadians with debt say they will never pay it off.

I owe a debt to Revenue Canada for personal income taxes. Is this included in bankruptcy?

My husband is refusing to give me his pay stubs as he just got a job after I filed bankruptcy. What would happen if the trustee that I am with found out about this? And as he is not part of the bankruptcy, do they have access to this information? Thank...

If you are struggling to make your minimum monthly debt payments or if you are concerned that the minimum payments are not effective in reducing your total debts, a personal loan may be an effective way to consolidate your debts and reduce your total...

Hi I really need to know how much income will they allow me to keep to live on if I go bankrupt. I bring home $2300 and child support payments total $1150. I have two boys 14 and 16 and me.

IF I owe a friend or family member can I pay him/her back with any available funds before I file for bankruptcy.