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MNP Debt Blog

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What is impulse spending and why is it so hard to avoid?

Everyone, except perhaps the most frugal among us, makes purchases from time to time which they hadn’t anticipated or planned for.

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How do I build and maintain an emergency fund?

Simply asking this question means you’re already on your way to financial health. Take a moment to congratulate yourself — recognizing the perils of unplanned and unexpected costs is a massive milestone and will mark a major turning point in your relationship...

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The Red Flags to Watch for in Financial Health

In all aspects of life, we benefit from an ability to anticipate problems before they happen. Whether it’s in your relationships, your job, your health, or simply during your daily commute to work, you know instinctively to keep your eye out for potential...

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How does Bankruptcy work in Canada?

What is Bankruptcy? How does it work? And what are the alternatives? Let’s investigate.

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Seniors and Savings (3 Minute Debt Break)

Often we associate retirement with enjoying the fruits of our labors. But many seniors find themselves struggling financially even after decades of working.

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It’s been more than a year since the terms COVID-19 and pandemic entered our daily vocabulary and completely upended our routines. The mental health impacts of the virus, the various health orders, and their financial impacts are as significant...

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Every day we receive dozens of questions on our website, on social media, and during Free Confidential Consultations wondering how to overcome or alleviate debt without filing a Bankruptcy or Consumer Proposal.

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Secured Debt and Unsecured Debt: What Are They & What Are the Differences?

When dealing with debt, the consumer is often faced with unfamiliar terms, such as “secured debt,” and “unsecured debt.” Debt is debt, right? Well, not quite!

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Leah Drewcock: Why I am thankful to be a Licensed Insolvency Trustee

I was just a few years out of high school and still lived at home with my parents when I started working as an accounting and finance student at one of the ‘Big Four’ accounting firms.

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What To Know Before Starting a Business 3 Minute Debt Break

Starting a new business is a great adventure. And since you’re running the show, it’s on you to make multiple decisions every day, especially the challenging financial ones. When you’re first starting out, money decisions can have huge...

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