MNP Debt Blog

Regret is one of the most common refrains Licensed Insolvency Trustees hear when we talk to clients about their debt. They ask questions like, “how did I get into this mess?” Or, “why did I make that decision?”

After nearly a decade of historic lows, the Bank of Canada began increasing its key overnight interest rate in July 2017 in response to improving employment figures and a growing economy.

As Licensed Insolvency Trustees, we often see the worst-case scenario when it comes to personal finances. Most people are at the end of their rope by the time they reach my office – having struggled with every possible fix for their debt situations and...

People with bi-weekly income have the unique advantage of receiving 26 paycheques per year, compared to 24 paycheques for people who receive semi-monthly remuneration.

For some people, quitting credit cards cold turkey is more than just great alliteration.

After completing a Bankruptcy or Consumer Proposal, rebuilding your credit can feel nearly as daunting as getting out of debt.

In my work as a Licensed Insolvency Trustee, I see firsthand the unfortunate effects financial crises can have on debtors’ mental and emotional wellness.

Millennials have a complicated relationship with debt. As the first true ‘digital natives’ this generation grew up in the most media-saturated and consumerist culture in recorded history.

Securing new credit is a polarizing decision for people who have completed a Bankruptcy or Consumer Proposal.

No one wants to disrupt their much-deserved rest and relaxation by panicking about how they’re going to juggle an unplanned hit to their budget. So how do you keep your vacation budget on track?