MNP Debt Blog

Individuals (and corporations) may find themselves in financial difficulty and Canada Revenue Agency (CRA) may be a creditor, possibly the largest creditor. This blog post will look at whether, and how, those debts can be included in a filing under the...

Hi I want to have personal Brankruptcy i have no money if I have bankruptcy how much will cost and who will pay?

I’ve been asked that question quite often and there is no easy answer. Bankruptcy should almost always be the option selected after all other alternatives have been explored and you’re certain your debt is insurmountable.

Can you operate a business during a bankruptcy?

Despite increasing confidence in their current debt situations, a majority of Canadians remain concerned about how they would cope with a significant financial emergency.

Can Old Age Security (income asisstance)be garnisheed by creditors?

Whether you’ve been searching on the internet, seen a print ad or heard a radio ad for debt relief or debt consolidation, you may have noticed the words ‘government-approved debt relief programs’. But what does this mean?

A new poll conducted by Ipsos on behalf of MNP LTD reveals one in three Canadians are already feeling the effects of recent increase, while two in five worry any further increases will put them in financial trouble.

Is it true that someone who has claimed bankruptcy n the past and been discharged and passed the seven year point on the credit bureaus can never sue anyone for personal injury? Thank you for your time.

On occasion people with debt problems may indicate that they are contemplating filing Chapter 7. Chapter 7 refers to a section of the United States Code that provides for the liquidation of an individual’s non-exempt property and the distribution of...