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MNP Debt Blog

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Canadians are feeling worse about their consumer debt and personal finances than was the case just three months ago.

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MNP Consumer Debt Index January 2019 Results Summary

According to a recent Ipsos poll conducted by MNP LTD., a growing number of Canadians are inching closer to insolvency – with the proportion who are $200 or less from being able to pay their bills each month (46%) rising six points since September....

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Fewer Manitoba residents are hovering close to financial insolvency than was the case just a few months ago, according to the latest MNP Consumer Debt Index; a quarterly survey conducted by Ipsos on behalf of MNP LTD.

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Bankruptcy Isn’t As Daunting As It Sounds

As a Licensed Insolvency Trustee, I meet a lot of people who are struggling with debt. And though their stories are all different, their experiences of searching for help often share a lot in common.

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Four Mental Shifts For Better Money Management

As Licensed Insolvency Trustees, we often see the worst-case scenario when it comes to personal finances. Most people are at the end of their rope by the time they reach my office – having struggled with every possible fix for their debt situations and...

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What Interest Rate Increases Can Mean For Homeowners

After nearly a decade of historic lows, the Bank of Canada began increasing its key overnight interest rate in July 2017 in response to improving employment figures and a growing economy.

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Why Looking Forward is the Best Approach to Your Finances

Regret is one of the most common refrains Licensed Insolvency Trustees hear when we talk to clients about their debt. They ask questions like, “how did I get into this mess?” Or, “why did I make that decision?”

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What Happens To My Debts When I Die

As baby boomers continue to age, they face a growing number of questions about how they’re going to manage in the last phase of their lives.

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Gambling Debt? Recovery Is Possible

I recently worked with a retired and widowed client who came to MNP inquiring about possible debt solutions. He owed more than $120,000 on various credit cards and lines of credit which he was frightened he could never pay back in his lifetime.

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Debt Pinch Tightens Its Grip Across Canada

The collective pressures of increased interest rates, an uptick in consumer debt over the holidays, a stagnating economy and persistently high cost of living are making it difficult for Canadians to repay their debts.

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