MNP Debt Blog

Learn about what happens after you complete your final payment under a consumer proposal. Read this blog about your life after a consumer proposal.

Bankruptcy is a legal state. To place yourself in bankruptcy you must execute a number of documents with a licensed Trustee in Bankruptcy (like those that work for MNP Ltd.). You will only be placed in bankruptcy after you have met with a Trustee and...

We read about it almost weekly - Canadians have accumulated record levels of consumer debt.

An MNP Licensed Insolvency Trustee discusses the importance of seeking expert advice when dealing with the financial problems of a marriage during the divorce process to make sure that you understand all of your options.

Since last year, the Office of the Superintendant of Bankruptcy in Canada reported a 24% increase in the number of filings in Saskatchewan over the same 3 months in 2013 and 2014.

That is a question that we get a lot as Trustees. Every situation is different but generally speaking, the answer is a three-step process.

I was reading an article in the Globe and Mail entitled Markets are Flush, rates are low and I fear it will all end in tears and it occurred to me that this is relevant to my experience as a Trustee in Bankruptcy for one simple reason.

Your bankruptcy does not automatically lead to the bankruptcy of your spouse. The fact that you are married or living common-law has no effect during bankruptcy. It is mostly your shared assets and debts that may have consequences for your spouse.

Planning for retirement is more than dreaming of the day when you get to sleep in on Monday morning and not having to commute to work.

Have you ever wondered who can help if you find yourself overwhelmed with debt? There are many organizations who offer services such as debt consolidation, debt settlement plans, interest reduction and debt forgiveness. There are also other methods of...