MNP Debt Blog

When Canadians find themselves in financial trouble, they may wonder about their options and who might be able to help.

What happens in the case when one of the spouses gets a job in the USA after a period of no employment and the other spouse does not want to follow and declares bankruptcy. Are the laws the sames in the US as they are in BC?

With debt-to-disposable-income ratios higher than ever and non-mortgage consumer debt consistently above $20,000, it’s long been suspected Canadian consumer debt was unsustainable.

Is it possible to submit a consumer proposal if I've never missed a payment, but will soon have too? I have $46000 in debt and $3050/mo income.

Jill is a 40-year-old Canadian who moved to Australia in 2011 to resume a new life and a new career.

According to a recent Ipsos poll conducted by MNP LTD., Albertans are increasingly worried about their ability to repay their debts.

For a family struggling financially, this can be a difficult time of year as these expenses accumulate rapidly and the family often feels obliged to incur these expenses as a matter of meeting societal expectation.

Beginning in January 2018, the Office of the Superintendent of Financial Institutions (OSFI) has prescribed new mortgage rules for Canadian homebuyers.

Whether you know it or not, you may be going through a mid-life crisis. It usually crops up around the age of 35 to 40 because of many things, but family changes and debt accumulation can be the most problematic.

According to a recent Ipsos poll conducted by MNP LTD., the increased cost of borrowing due to rising interest rates is causing many Albertans to re-evaluate their relationship with debt.