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MNP Debt Blog

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Traps To Avoid As A New Business Owner

Starting a new business is a great adventure. The anticipation for what’s to come motivates you to get up and take on the next challenge each morning.

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According to a recent Ipsos poll conducted by MNP LTD., Canadians’ pocketbooks are continuing to get lighter as a result of recent interest rate increases.

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Quebec residents are starting to feel better about their consumer debt situation and personal finances than just a few months ago, however many are still struggling, according to the latest MNP Consumer Debt Index.

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What Can I Keep In A Bankruptcy In Ontario?

People fear the word “bankruptcy” for many different reasons. Often people worry about the effects a bankruptcy may have on their credit rating, the effect on their family or on co-signors and the societal perceptions.

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The primary purpose of the Bankruptcy and Insolvency Act (BIA) is to allow honest but unfortunate debtors relief from their debts and the chance to make a financial fresh start.

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What Happens If I Don’T Pay My Taxes

All debt can be overwhelming, but there’s no creditor quite as frightening as the all-mighty tax collector. In fact, unfiled and / or unpaid taxes are two of the most common reasons self-employed individuals and sub-contractors seek the assistance...

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Consumer Proposal vs Bankruptcy (MNP 3 Minute Debt Break)

For eliminating debt all-together, two widely used options for Canadian households are Bankruptcy and Consumer Proposals. Although both filings are legislated under the Bankruptcy and Insolvency Act, also known as the BIA, and must be filed by a Licensed...

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Getting a hold of your debt can be stressful and having to go through that process online can add to the load. Meeting in-person with an LIT can help alleviate some of that stress.

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Five tips on how to get your finances back on track after the holidays

The New Year always brings the promise of a fresh start.

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When a debt is statute-barred, it cannot be brought to court and legally enforced because too much time has passed.

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