MNP Debt Blog

Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.

If I declare a personal bankruptcy, can I remain as a director or a shareholder of a corporation before being discharged?

An exempt asset is defined under the laws of each province. Exempt assets are retained by the owner in the event of a bankruptcy and not accessible by that individual’s creditors.

When you file for bankruptcy, it is helpful to first understand what the potential related costs of the process are and how they are determined.

From Joy B.: How long does my bankruptcy stay on my credit report?

A client recently came to me distraught and on the verge of tears. She had tried to sell her house, but couldn't close the sale. There was a lien registered against her property which prevented the transaction from moving forward.

I am in debt on my credit line by $15000.00 with td bank I live and work overseas. Can the bank garnish my wages ?

Most people with an addiction to spending do not realize the extent of their spending until their credit cards or lines of credit are maxed out and bill collectors start calling. A spending addiction can begin as early as childhood and may be caused...

What effect will bankruptcy have on my credit rating? I've been hearing that I won't get credit for 7 years. Is this true?

Bankruptcy is one of the most anxiety producing words in the financial lexicon.