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MNP Debt Blog

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discussing at a desk bankruptcy vs insolvency concept

In Canada, a handful of options exist for individuals who are exploring insolvency or Bankruptcy. The stress of financial difficulties can be lessened with the help of a Licensed Insolvency Trustee (LIT) to help you work through the realities of your...

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Consumer Proposal vs Bankruptcy: Explore your debt relief options

If you're facing a mountain of debt, you're not alone. There are two viable options available to help you find relief: Consumer Proposal and Bankruptcy. How do you know which option is best for you?

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The Bank of Canada has just announced another increase in interest rates. How does this affect you as a Southern Albertan?

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Do I keep my car in a Bankruptcy or Consumer Proposal?

We’re here to answer your questions about whether you will be able to keep your vehicle if you choose Bankruptcy or a Consumer Proposal to work towards achieving a debt-free future.

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How often can you file for Bankruptcy?

This article will look at how often you can declare Bankruptcy, how it will affect your financial situation, and what other options you may have to address your unmanageable debt.

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If you ever asked yourself “How Do I Build An Emergency Fund”, you’re already on your way to better financial health. Recognizing unexpected costs happen is a good first step. The next step is to plan to have the systems and resources...

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St. Patrick’s Day: Don’t Rely on Luck to Get Out of Debt

Getting out of debt requires a strategic plan and unwavering commitment. Relying on luck may not get you far.

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How to Future-Proof Finances in Your Relationship

Money can make or break your relationship. Managing your finances with your partner or spouse can guarantee a debt-free life and relationship.

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