MNP Debt Blog

Here are three common misconceptions our firm has encountered about consumer proposals.

Your spending habits are a crucial part of your journey to a fresh financial start and a healthy financial life. But if you’re already in debt or inching closer to it with every swipe of your card, there’s no reason to panic.

For eliminating debt all-together, two widely used options for Canadian households are Bankruptcy and Consumer Proposals. Although both filings are legislated under the Bankruptcy and Insolvency Act, also known as the BIA, and must be filed by a Licensed...

It’s important to understand how the debt will ultimately be split up, and what happens when one spouse can no longer afford to pay their share.

Let’s say you’re part of a family where both you and your spouse are employed in well paid, professional jobs. Net annual household income is approximately $120,000 or approximately $10,000 per month. The family — you, your spouse, and...

It is important to understand the terms and conditions of a buy now, pay later plan before signing up for it.

The second season of the MNP 3 Minute Debt Break podcast has come and gone, and now it's time look back at a few of our favourite episodes.

After completing a Bankruptcy or Consumer Proposal, rebuilding your credit can feel nearly as daunting as getting out of debt. But just a few steps every day will get you where you want to go. The following steps will help you focus on your goals, outline...

Being insolvent can result in declaring Bankruptcy. However, insolvency does not necessarily lead to Bankruptcy. Depending on your situation, there may be other ways of dealing with your debt.

This is part one in a six-part series on the rationale behind switching banks prior to filing for bankruptcy or kicking off a consumer proposal.