MNP Debt Blog

Are you in financial trouble? Are you worried about what will happen if you stop making credit card payments? Call the experts today for a free consultation.

MNP LTD Trustee Judy Scott was interviewed by The Province to discuss post-holiday debt.

Bankruptcies and consumer proposals are government legislated options that may assist you in addressing your debt problems. In either proceeding, the bankruptcy or consumer proposal is filed with the Office of the Superintendent of Bankruptcy (OSB) and...

Debt settlement companies have been growing quickly in Canada. They advertise credit counselling, debt settlement, debt relief, debt consolidation and debt management.

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.