MNP Debt Blog

If you have several different debts and you’re starting to have trouble managing them, you’ve probably already encountered the stress of trying to figure out who’s going to get paid and who’s not going to get paid this month.

If you are struggling to make your minimum monthly debt payments or if you are concerned that the minimum payments are not effective in reducing your total debts, a personal loan may be an effective way to consolidate your debts and reduce your total...

It’s a deceptively murky question without a straightforward answer.

Generally when you file for bankruptcy or make a proposal to your creditors, unsecured debts will be released. Section 178 of the Bankruptcy Act lists the only debts that survive a bankruptcy or Consumer Proposal.

While it can be tempting to solve a short-term cash problem with long-term savings, cashing in your RRSPs to pay down debt should be a last resort.

how much do you calculate in the budget after bankruptcy for housing costs for a family of 5. thanks ron

please can you tell me during bankruptcy do we need to start paying our school debts if we are still in school or we are taking courses in parttime during bankruptcy.

A recent poll conducted by Ipsos on behalf of MNP LTD reveals 45% of Canadians say their financial situation is the worst around the holidays.

I understand that my student loans cannot be discharged in bankruptcy or a proposal. What happens to my student loans during the process?

The following changes are now in force as of July 7, 2008.