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MNP Debt Blog

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Don’t let fear drive you away from Bankruptcy

What do Walt Disney, Elton John, and Larry King have in common? After filing Bankruptcy, these and countless other respected cultural icons all went on to achieve fortune, fame, and overwhelming success.

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What To Know Before Starting a Business 3 Minute Debt Break

Starting a new business is a great adventure. And since you’re running the show, it’s on you to make multiple decisions every day, especially the challenging financial ones. When you’re first starting out, money decisions can have huge...

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Are you ready to retire?

When you are considering your retirement goals, remember that having a plan to deal with your debt is just as important as planning for your retirement income. Planning your retirement income is something we are trained to do from a very early age. Planning...

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Leah Drewcock: Why I am thankful to be a Licensed Insolvency Trustee

I was just a few years out of high school and still lived at home with my parents when I started working as an accounting and finance student at one of the ‘Big Four’ accounting firms.

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Five common causes of Bankruptcy

Like all professions, there are several questions Licensed Insolvency Trustees hear quite regularly. By far the most common is “What is the typical cause of Bankruptcy or insolvency?”

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Increase Your Business Credit Score (MNP 3 Minute Debt Break)

Today , many Canadian businesses have to work twice as hard to keep up with a competitive landscape in a weakened economy. If you really want to stay ahead of the curve and leave the doors open for as much opportunity as possible, it's crucial to be...

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What COVID-19 can teach us about personal finance

The pandemic has highlighted how quickly and dramatically elements which originated thousands of miles away can disrupt our entire way of life. A microscopic virus, invisible to the human eye, has shuttered borders, transformed the economy, and altered...

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What is impulse spending and why is it so hard to avoid?

Everyone, except perhaps the most frugal among us, makes purchases from time to time which they hadn’t anticipated or planned for.

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There are steps every student can take to prepare for these costs and minimize the future financial impacts of pursuing a higher education.

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