MNP Debt Blog

I would like to buy a car for $5000.00 dollars. Will it be taken from due to bankrupcy?

Buy Nothing Day: It’s been described as a movement, a means for people to reclaim control over rampant consumerism, an exercise in financial discipline, a protest.

If I just leave the country for a certain amount of time will all my debts (credit cards, loans, 6 years of unpaid income tax, etc.) just "0" out? If the answer is "no" would I have a problem getting into another country with a fresh bankruptcy on my...

If I have been discharged from bankruptcy will my bankruptcy affect my ability to be bonded for a job?

Is there an alternative to bankruptcy? My income is 945 per month at present-my husband is temporarily out of work(construction) and I am unable to repay a large credit card (lent to my son) .Can a credit card company send your debt to a collection agency?...

Effects of the downturn are becoming clearer as it appears many Albertans relied on savings to offset reduced hours and job losses.

According to a recent Ipsos poll conducted by MNP LTD., Albertans are increasingly worried about their ability to repay their debts.

A combination of high – albeit leveling – debt, a manageable cost of living and low savings has Albertans feeling conflicted about their finances.

The Bank of Canada announced on Jan. 21 the interest rate had been cut by 0.25%. Although good news, MNP personal bankruptcy trustees caution Canadians about taking advantage of this decrease by taking on more debt.

An RRSP is an asset of a bankruptcy estate, however subject to exemptions provided by both provincial and federal legislation. It is the exemptions afforded a bankrupt that permits an individual to retain certain assets, while permitting them to access...