MNP Debt Blog

While credit can be helpful in a pinch, credit reliance can quickly become a dangerous cycle that's difficult to get out of when there's no longer a steady income coming into the household.

While consumer insolvency rates continue to increase in many provinces, consumer insolvencies (bankruptcies and Consumer Proposals) filed in B.C. were down almost 7% from 2015. That’s a good thing isn’t it?

I have approximately 4 small debts, with credit card companies and a $7,500 unsecured loan in Manitoba, would it be advisable to file for bankruptcy before these creditors file for garnishment?

The numbers are in and they’re telling a story that feels a little too close to home for Canadians. Given today’s struggling economy and unemployment hitting tens of thousands of households across the country, many consumers have found themselves...

How much does it cost to meet with a Trustee to discuss my financial troubles?

How long will bankruptcy last?

Continuing with part 2 of our 5-part series on Bankruptcy 101, we now explore the process of filing for bankruptcy.

Many people in financial difficulty don’t realize that there are options other than bankruptcy. A trustee has a responsibility to go through all of these options with you. This 5-part series is meant to provide a general overview of bankruptcy.

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, it's no surprise to learn that many are struggling to keep up with the costs of day-to-day living, let alone manage debt.

What assets can I keep if I file for bankruptcy?