MNP Debt Blog

Filing for Bankruptcy is very emotional — and can be stressful — but what I can tell you is that a Licensed Insolvency Trustee can help!

Thanksgiving is approaching. While some prepare to celebrate, you may be less confident about your ability to afford food and other items your family needs for the festivity.

Between rising interest rates and accelerating inflation, it’s hard to know what to blame when costs rise, and affordable mortgages are harder to negotiate.

Imagine yourself working hard to pay off a large sum of debt, but due to misfortune, mistakes, or any other circumstance, you’re falling behind. Your family depends on your income, and you are living paycheque to paycheque barely making ends meet....

Saskatchewan is seeing a hike in the number of residents filing for insolvency. With the steady rise in inflation figures and aggressive increase in interest rates in the country, Saskatchewan households are feeling the pinch.

The CRA has called to inform you of a balance you owe. What’s your next line of action?

It’s easier than ever to spend more than we can afford. We pay for most purchases with a debit or credit card — or, increasingly, with the wave of a smartphone or swipe of a finger.

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...

This powerful 14-question assessment tool puts those questions into a clear and quantifiable rating of your debt situation regardless what you earn or how much you owe.

Managing debt repayment when you’re struggling financially is extremely stressful on its own, but when your creditors start to take a more aggressive approach and enlist the services of a collection agency, that stress can intensify quickly.