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MNP Debt Blog

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5 Tips for Students to Protect Financial Health

Implementing these five tips for financial health can increase a student’s chance of converting that higher income into greater wealth and security.

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How a Bankruptcy or Consumer Proposal affects your credit rating

When evaluating your options for how best to deal with unmanageable debt, a Bankruptcy or Consumer Proposal are always worth considering.

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Three effective strategies to help you manage financial stress

Household debt ratios continue to break records across the country. And as more and more people are working to service that debt, many are unable to set aside savings for unexpected expenses.

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Consumer Proposal vs Bankruptcy: Explore your debt relief options

If you're facing a mountain of debt, you're not alone. There are two viable options available to help you find relief: Consumer Proposal and Bankruptcy. How do you know which option is best for you?

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How you can prepare for life after CERB

The Canada Emergency Response Benefit (CERB) has been a welcome respite for Canadians struggling with the economic fallout of COVID-19.

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The Bank of Canada has just announced another increase in interest rates. How does this affect you as a Southern Albertan?

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How cash-strapped Canadians can navigate rising grocery prices

Given the challenges this year has presented, Canadians don’t need any more bad news. But it appears yet another crisis is about to hit home for many households.

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COVID-19 Rule Changes Now Allow for Virtual Bankruptcies and Consumer Proposals

Canadians are facing a lot of uncertainty right now. With a sudden economic downturn and many businesses shuttered due to social distancing measures, millions have found themselves out of work and unable to pay their debts.

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Can you buy a vehicle when you’re in Bankruptcy?

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.

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What happens if I owe the CRA a lot of money?

Owing a large amount of money to the CRA can feel overwhelming. There are options available to help you achieve a fresh financial start.

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