MNP Debt Blog

Planning for retirement is more than dreaming of the day when you get to sleep in on Monday morning and not having to commute to work.

Your bankruptcy does not automatically lead to the bankruptcy of your spouse. The fact that you are married or living common-law has no effect during bankruptcy. It is mostly your shared assets and debts that may have consequences for your spouse.

I was reading an article in the Globe and Mail entitled Markets are Flush, rates are low and I fear it will all end in tears and it occurred to me that this is relevant to my experience as a Trustee in Bankruptcy for one simple reason.

That is a question that we get a lot as Trustees. Every situation is different but generally speaking, the answer is a three-step process.

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.

An MNP Licensed Insolvency Trustee discusses the importance of seeking expert advice when dealing with the financial problems of a marriage during the divorce process to make sure that you understand all of your options.

We read about it almost weekly - Canadians have accumulated record levels of consumer debt.

Bankruptcy is a legal state. To place yourself in bankruptcy you must execute a number of documents with a licensed Trustee in Bankruptcy (like those that work for MNP Ltd.). You will only be placed in bankruptcy after you have met with a Trustee and...

Learn about what happens after you complete your final payment under a consumer proposal. Read this blog about your life after a consumer proposal.

You will be considered free or discharged from your debts once you have completed the entire process.