MNP Debt Blog

How long before you file bankruptcy you are allowed to transfer asset? for example my 50% share of the house to my wife. could she buy it from me before I file bankruptcy? what happened if we get divorce?

Unsure of the bankruptcy process? We'll outline the steps required that will help you understand whether or not bankruptcy is the right solution to resolving your debt.

When an individual or couple files a consumer proposal or an assignment in bankruptcy, the Bankruptcy and Insolvency Act requires the completion of two financial counselling sessions with a Registered Insolvency Counsellor.

Bankruptcy isn’t free, but it may be the life changing debt solution you’re looking for.

​​​It's a piece of wisdom as old as time – money and relationships rarely mix.

Canadians of all ages are awash in credit card debt, often paying exorbitant interest rates. Unfortunately, debt is becoming embedded in our society.

A recent study by Ipsos on behalf of MNP LTD underscores the anxiety British Columbians are feeling about the strain higher rates will place on their finances.

My condo is worth less than the mortgage owing on it. If I file bankruptcy can I have the mortgage reduced to what it is worth?

Hello, I have a vehicle lease I can no longer afford to pay and I was wondering if it gets reposed by the creditor can that cause me to go bankrupt ? I have a mortgage on a house so that is not an option ? Thanks

According to a recent poll, a combination of high debt and low savings means BC residents would turn to debt if caught off guard by a financial emergency.