MNP Debt Blog

People with bi-weekly income have the unique advantage of receiving 26 paycheques per year, compared to 24 paycheques for people who receive semi-monthly remuneration.

Struggling with debt? MNP Ltd. Trustee Derek Cramm recently discussed MNP’s Consumer Debt Sentiment Survey with CTV Halifax.

The primary purpose of the Bankruptcy and Insolvency Act (BIA) is to allow honest but unfortunate debtors relief from their debts and the chance to make a financial fresh start.

Starting a new business is a great adventure. The anticipation for what’s to come motivates you to get up and take on the next challenge each morning.

People fear the word “bankruptcy” for many different reasons. Often people worry about the effects a bankruptcy may have on their credit rating, the effect on their family or on co-signors and the societal perceptions.

Whether it’s due to a job loss, marital separation or spending beyond your means, debt and interest costs can quickly become unmanageable. If you owe money and are having difficulties paying them back in a timely manner, you can expect lenders to...

After completing a Bankruptcy or Consumer Proposal, rebuilding your credit can feel nearly as daunting as getting out of debt.

This discrepancy between income in / income out has led to a significant increase in insolvency filings throughout the province. Sound familiar?

With the Bank of Canada raising interest rates on September 6, debt holders across the country are left wondering what it means for them.

Now that you’ve completed your Bankruptcy or Consumer Proposal, you may be considering getting credit again.