MNP Debt Blog

Whether you know it or not, you may be going through a mid-life crisis. It usually crops up around the age of 35 to 40 because of many things, but family changes and debt accumulation can be the most problematic.

Author E.E. Cummings, when talking about his debts, is reported to have said, “I am living so far beyond my income that we may be said to be living apart.” Humorous as it may sound, being in debt is never cool.

An exempt asset is defined under the laws of each province. Exempt assets are retained by the owner in the event of a bankruptcy and not accessible by that individual’s creditors.

This is the second entry in a two-part blog series on family debt categories. Part 1 discussed becoming a loan guarantor in general, as well as becoming a guarantor for a spouse’s business loans. Here are three other primary categories of family debt...

If you’re overwhelmed with debt and looking for relief, you may be wondering if bankruptcy is your only option.

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.

Will 2015 be the year you break the cycle of debt? If you’re tired of relying on credit and looking to secure a more comfortable financial future for yourself, read our seven step process to help you budget accurately and reduce your debt.

One of the most heartbreaking aspects of debt we see is the breakup of family relationships when a guarantor is called upon to pay a family debt. T

The festive holiday season has now passed – a time typically marked by overindulgence in many areas, including spending. Now that it’s over, does it mean time to get back to regular spending habits? Or does it incite panic, knowing that your credit card...

MNP LTD Trustee Randy Kobbert was interviewed by The Lethbridge Herald to discuss post-holiday debt and budgeting for the New Year.