MNP Debt Blog

The Office of the Superintendent of Bankruptcy in Canada (OSB) is a special operating agency of Industry Canada that protects the integrity of the bankruptcy and insolvency system for the benefit of investors, lenders, consumers and the public.

Bankruptcy is a process that allows a debtor to get a fresh financial start. When you file for bankruptcy, you surrender your assets to your bankruptcy trustee. The trustee then turns those assets into cash, and distributes the money to your creditors....

Consumer proposals and bankruptcies are both government legislated options which can provide you with relief from significant debt problems.

There are differences between bankruptcies and consumer proposals across the provinces and I would encourage individuals struggling with financial difficulty to consult with a trustee such as myself who is resident in their particular province

Your financial state is one of the most private and personal aspects of your life, one that is typically only discussed with family members and the closest of friends.

If you’re struggling with rising debt, at some point you may have thought about filing for bankruptcy. Before you do, here are five key questions you should ask yourself.

Upon filing for bankruptcy, there are a number of duties that you must complete which include paying fees, participation in two debt counseling sessions and submission of monthly income and expense statements.

Anyone wishing to file for personal bankruptcy in Canada will have to go through six key steps prior to receiving their discharge from bankruptcy.

Ian Schofield and Pamela Meger, the Trustees who manage our Insolvency Services practice in Regina are very pleased to announce that MNP Ltd. has been chosen as the Consumer Choice award winner for the Regina area in the 2015 Bankruptcy Trustee category....

If you have severe debt problems, filing for bankruptcy may be an option. However, it is a decision that should not be taken lightly. Consider some of the following pros and cons of filing for bankruptcy: