MNP Debt Blog

Nearly half of Canadians are just $200 away from financial crisis; 28 per cent plan to take on more debt to cover regular household expenses in 2016.

As unemployment continues to take its toll in Atlantic and Western Canada, the real estate market has taken a hit in many cities as thousands put their homes on the market in hopes of moving on to communities with more opportunity.

Canada is a welcoming place. People from across the globe have been choosing to immigrate here for generations and have, in return for new opportunities, given back more than could have been expected. Our country is richer for their presence.

Even though bankruptcy laws are the same across the country, personal exemptions are different from province-to-province.

My Husband and I are pretty sure we need to file for a consumer proposal. We have spoken with a Credit Counselling service and with our budget and debt would not be able to afford one of their programs. What is our next step?

Many individuals wait too long to seek assistance when they are facing unmanageable debt problems. By the time they reach out to a Licensed Trustee for a consultation, they are already in a debt crisis and bankruptcy is their only way out.

Prepare for the New Year by not increasing your debt burden over the holiday season. Gifts, travel, entertainment and boxing week sales are all outside the normal course of your monthly spend.

Need information about claimimg bankruptcy!!!

Ian Schofield, Senior Vice President of MNP LTD's Insolvency and Corporate Recovery practice based in Regina recently accepted the 2016 Regina Consumer’s Choice Award on behalf of MNP Ltd.

As one of the largest personal and corporate insolvency practices in Canada, MNP Ltd. is excited to announce our expansion into Newfoundland.