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MNP Debt Blog

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Does your teenager want everything?

Being the parent of a teenager who wants everything all the time can be quite concerning for two reasons: One is the immediate drain on your own finances as you try to keep pace with their current desires. Second is the fear they may be in for a rude...

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Leah Drewcock: Why I am thankful to be a Licensed Insolvency Trustee

I was just a few years out of high school and still lived at home with my parents when I started working as an accounting and finance student at one of the ‘Big Four’ accounting firms.

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Increase Your Business Credit Score (MNP 3 Minute Debt Break)

Today , many Canadian businesses have to work twice as hard to keep up with a competitive landscape in a weakened economy. If you really want to stay ahead of the curve and leave the doors open for as much opportunity as possible, it's crucial to be...

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What To Know Before Starting a Business 3 Minute Debt Break

Starting a new business is a great adventure. And since you’re running the show, it’s on you to make multiple decisions every day, especially the challenging financial ones. When you’re first starting out, money decisions can have huge...

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How has COVID-19 impacted debt challenges in B.C.?

British Columbians have been through a lot in 2020 and 2021. The impacts of COVID-19 arrived suddenly and have been difficult to forecast. Some B.C. households have faced more challenges than others, but nearly everyone has experienced setbacks to some...

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Are you ready to retire?

When you are considering your retirement goals, remember that having a plan to deal with your debt is just as important as planning for your retirement income. Planning your retirement income is something we are trained to do from a very early age. Planning...

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11 things you might not know about Consumer Proposals

If you’ve been researching options to manage and overcome your debt, it’s likely you’ve already heard about Consumer Proposals and may even have a basic understanding of how they work.

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How upcycling can benefit both the planet and your bottom line

We’re all familiar with recycling and it’s environmental benefits. It’s one of the three Rs of sustainability many of us learned in primary school, along with reduce and reuse.

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Consumer Proposal vs. Bankruptcy: What’s the difference?

Many Canadians may find themselves overburdened with debt due to various factors beyond their control.

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Five common causes of Bankruptcy

Like all professions, there are several questions Licensed Insolvency Trustees hear quite regularly. By far the most common is “What is the typical cause of Bankruptcy or insolvency?”

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