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MNP Debt Blog

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Tax Debts: What To Do When Revenue Canada Comes Calling

Tax debt can be a scary prospect, particularly if it comes up unexpectedly. However, given the rise of and persistence of recent scams, it is important to confirm that it is, in fact, the Canada Revenue Agency (CRA) that is calling you.

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Bankruptcy Isn’t As Daunting As It Sounds

As a Licensed Insolvency Trustee, I meet a lot of people who are struggling with debt. And though their stories are all different, their experiences of searching for help often share a lot in common.

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Four Mental Shifts For Better Money Management

As Licensed Insolvency Trustees, we often see the worst-case scenario when it comes to personal finances. Most people are at the end of their rope by the time they reach my office – having struggled with every possible fix for their debt situations and...

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What Interest Rate Increases Can Mean For Homeowners

After nearly a decade of historic lows, the Bank of Canada began increasing its key overnight interest rate in July 2017 in response to improving employment figures and a growing economy.

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Why Looking Forward is the Best Approach to Your Finances

Regret is one of the most common refrains Licensed Insolvency Trustees hear when we talk to clients about their debt. They ask questions like, “how did I get into this mess?” Or, “why did I make that decision?”

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What Happens To My Debts When I Die

As baby boomers continue to age, they face a growing number of questions about how they’re going to manage in the last phase of their lives.

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Gambling Debt? Recovery Is Possible

I recently worked with a retired and widowed client who came to MNP inquiring about possible debt solutions. He owed more than $120,000 on various credit cards and lines of credit which he was frightened he could never pay back in his lifetime.

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It's the Thought that Counts: Think Affordable this Valentine's Day

According to legend, Saint Valentine of Rome restored sight to his jailer’s blind daughter on the evening before his execution. The following morning, he wrote her a farewell letter and signed it ‘Your Valentine’ – kicking off a centuries-long tradition...

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Holiday Hangover and The January Debt Cure

Another new year is upon us, and with that comes a fresh batch of resolutions.

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Who needs an emergency fund?

​Of course, this is a trick question… Everyone needs an emergency fund.

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