MNP Debt Blog

Most baby boomers have not saved enough for retirement - nowhere close in fact

2013 Consumer Choice Award - Saskatoon

In a recent poll conducted on behalf of CIBC, 14% of Canadians with debt say they will never pay it off.

MNP’s Winnipeg was awarded the 2013 Consumer Choice Award in the Trustee in Bankruptcy category for a second straight year

In case you haven’t heard, Canadian household debt-to-income levels have reached the record levels seen in the U.S. prior to the housing collapse.

Believe it or not, household debt in Canada has actually soared past levels in both the U.S. and the U.K. The average household carries about $110,000 in debt – more than double the amount we used to carry back in the early 90s.

To the best of our knowledge, filing an assignment in bankruptcy (or a consumer proposal) under the Bankruptcy and Insolvency Act would not preclude or prevent you from becoming a citizen. However, if you are an undischarged bankrupt, you may not apply...

I’m a senior on fixed government pensions. If I file for bankruptcy, do my pensions automatically get sent to the Trustee?

I'm not able to come to your office, can we discuss my debt problems over the phone?

Many clients will say their greatest fear is to take any action which may hurt their credit rating. But, at the end of the day what really is your credit rating?