MNP Debt Blog

While the story of Bre-X certainly played out like a movie script, like most Canadian scandals, it garnered little interest outside of the mining industry south of the border, especially, almost 20 years later.

Based on current economists, Canada’s debt to income ratio has reached an all-time high of 163.3%. This means Canadians have $1.63 of debt to every $1.00 of earned income, the highest level ever seen on record.

Canada Student Loan has announced new relief rules for student loan borrowers who are facing financial duress.

Birthdays tend to be a time of celebration and reflection and Canada’s 150th birthday is no exception.

I would like to ask if you can declare personal bankruptcy for only one of your creditors? I have others but the amounts are small and payments are up to date.

Can u help me? I'm steering into bankruptcy and I need your assistance.

The short answer, is yes, though the reality of passing off the responsibility of your debt(s) can be a little more complicated. There are a number of ways for a third party to assume responsibility for your debts – both on a formal basis and an informal...

Can I still operate my business if I am bankrupt?

Can I get a student loan while I am in bankruptcy?

I will lose my job and I plan to go back to my hometown (Philippines), but I do not want to leave my obligations, my loans unpaid. Can I file for bankruptcy to settle everything and leave Canada for a couple of years?