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MNP Debt Blog

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Consumer Insolvencies Staggering Compared To Past Years

MNP LTD Trustee Zaki Alam was interviewed by the numerous media outlets to discuss insolvency increase in Edmonton. The original article was originally posted online on numerous media outlets between June 27 - June 29, 2016.

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Consumer Debt Puts B.C. Households At Risk

The Calgary Herald recently featured MNP’s Lana Gilbertson and Judy Scott discussing the state of consumer debt in B.C.

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Consumer Debt And The Canadian Struggle

MarketWired recently covered MNP’s recent Consumer Debt Sentiment Survey which shows millions of Canadians are struggling to stay afloat.

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Co-Signers, Beware!

The act of co-signing a loan is easy. It can also feel very rewarding since you’re often helping a family member or friend who wants to buy a new car or maybe even a house.

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The Execution Act is the legislation responsible for outlining those assets that cannot be seized by a creditor or a Trustee in Bankruptcy to help pay down debts.

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Given today's struggling economy, the fact that many households are grappling with the harsh realities of unemployment due to a stagnant energy sector and numerous other factors, an increase in interest rates, could push more than 30 per cent of respondents...

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so if i own two vehicles before i claim for bankruptcy and one cost under 3000 to buy and the other one deos not work(broke down) i will still keep both or no just one of them?

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If we told you that many Canadians are struggling with overwhelming debt, would you be surprised?

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Canadians Face Stress Amidst Potential Interest Rate Hike

The results are in from MNP’s recent Debt Sentiment Survey. In short? Canadians are unsure about their financial futures and rising debt loads.

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Canadians And Insolvency The 200 Crisis

Huffington Post Canada recently covered MNP’s Debt Sentiment Survey. The numbers are in and they’re not looking good.

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