MNP Debt Blog

As Albertans continue to face a difficult economic climate, increased job losses and a dropped loonie, it’s not surprising to learn that debt in the province is on the rise – and consumers are having a difficult time keeping up with their debt payments....

212 individuals and businesses filed either bankruptcies or Consumer Proposals in March 2105, which is the highest number reported in four years.

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If you go bankrupt and you are getting the daycare money (100 a month per kid) and child tax credit do you lose them for a year after?

Hi there I was wonering if my spouse files for personal bankruptcy and I do not and we filed jointly for income taxes would I be responsible for his income tax debt?

If a person goes bankrupt do they have first option to buy back there house?

I understand that I have to pay "surplus income" during my bankruptcy, which is set by the Trustee. What if I disagree with the surplus income amount and what if I can't pay it?

How public is personal bankruptcy? Is it published in the newspaper? Will my employer be notified?

How common is it for credit card companies or loan companies, such as Wells Fargo, to request a garnishment for debts less than $10,000 in Manitoba?

Financial distress due to unmanageable debt can sneak up on you. When your debt starts to add up and payments begin to fall behind, this is the absolute best time to take a look at your budget and to look at your options.