MNP Debt Blog

Will I lose my home if I file bankruptcy?

The answer is no. A Government-Licensed Trustee will be there to help you through the process.

I am wondering if a life insurance policy would have to be collapsed and that money used to help pay creditors - it is worth about 10,000, the person still pays a monthly installment for it, and it is the only asset she has. Thank you,

Could you use a little extra cash in your pocket? Paying off your credit card debt will help.

The number of Canadians aged 65 and older is increasing rapidly. By 2030, they will make up more than one quarter of the country’s population.

Since last year, the Office of the Superintendant of Bankruptcy in Canada reported a 24% increase in the number of filings in Saskatchewan over the same 3 months in 2013 and 2014.

Bankruptcy is a process that releases you from most of your indebtedness by handing over some of your property. In other words, bankruptcy lets you erase your debts and put an end to your indebtedness within a few months.

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...

Which tax refunds you keep or lose in a bankruptcy

There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.