MNP Debt Blog

Based on current economists, Canada’s debt to income ratio has reached an all-time high of 163.3%. This means Canadians have $1.63 of debt to every $1.00 of earned income, the highest level ever seen on record. Canada is only 15% below where the United...

Can I go bankrupt without meeting a Trustee? I live in a remote location.

Can I get a student loan while I am in bankruptcy?

I will lose my job and I plan to go back to my hometown (Philippines), but I do not want to leave my obligations, my loans unpaid. Can I file for bankruptcy to settle everything and leave Canada for a couple of years?

I owe the TD Bank 19,210.00 for my line of credit. They want me to pay in full now or they are going to sue me for full. I am not working but I do get 1000/month from a structured settlement. Can I claim bankruptcy?

While the story of Bre-X certainly played out like a movie script, like most Canadian scandals, it garnered little interest outside of the mining industry south of the border, especially, almost 20 years later.

As Albertans continue to grapple with the stark realities of a significant crisis throughout the energy sector, thousands of households have found themselves unable to keep up with day-to-day expenses, let alone their financial obligations.

Seasonal Income has led to many challenges for our clients. We see it often as debt ‘filling in the gaps’ until repayment becomes unmanageable.

Okanagan Edge recently covered an MNP survey surrounding financial literacy and consumer spending throughout B.C.

With interest rates sitting at the bottom or the barrel, many British Columbians have felt free to spend as they please, dipping further and further into credit reliance in order to keep up spending habits.