MNP Debt Blog

Provided under the Bankruptcy and Insolvency Act, Bankruptcy law aims to balance your need for a financial fresh start with your creditors’ right to recover a portion of the money they’re owed.

Today’s youth face wide range of financial challenges that were largely unheard of a generation ago. Why are relatively young people facing such high debt loads and shaky financial futures so early in life? Let’s look at some obvious and not...

The ongoing uncertainty and instability caused by the COVID-19 pandemic have many people concerned about how they’re going to weather the months ahead.

Lifestyle creep is the tendency for people to increase their spending in proportion to increased income or availability of credit for material / non-material wants like consumer goods or experiences.

There are several reasons why you might consider joint financing debt.

Whichever holiday debt you’re carrying – or may be thinking of incurring – now’s as good a time as any to change course and make it go away for good.

When all is quiet and your body finally stops at the end of the day, your mind doesn’t always follow suit — especially if you’re struggling with financial stress.

Congratulations! Now that your Bankruptcy or Consumer Proposal is completed, you are in the next phase of taking control of your finances.

Does this sound all too familiar? You started out with the usual plan for most Canadians — get a job, buy a home and save for retirement. As retirement approached, you expected your mortgage would be paid off and you would have a pension or nest egg....

Many life-changing events are unpredictable. Coping with them is taxing enough without adding steep financial challenges into the mix.