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MNP Debt Blog

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What Is A Bankruptcy Trustee

When you hear the job title ‘Bankruptcy Trustee’, you probably assume they only administer bankruptcies, right?

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Are you finding it hard to stay financially afloat? Do you feel overwhelmed or like you are drowning in debt? High interest rates, expensive housing costs, unexpected expenses and the increasing price of day-to-day items can easily contribute to putting...

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In family law matters there are three types of proceedings that may affect a bankruptcy: child custody, support obligations and equalization issues.

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Getting into a situation where debt can get out of hand is a fairly common occurrence in today’s world.

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Should I File for Bankruptcy?

I’ve been asked that question quite often and there is no easy answer. Bankruptcy should almost always be the option selected after all other alternatives have been explored and you’re certain your debt is insurmountable.

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Debt consolidation is the process of combining two or more debts into one. The aim of debt consolidation is to enable you to become debt-free through one consolidated monthly payment over a defined period of time.

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Dealing With Debts Owed To Canada Revenue Agency

Individuals (and corporations) may find themselves in financial difficulty and Canada Revenue Agency (CRA) may be a creditor, possibly the largest creditor. This blog post will look at whether, and how, those debts can be included in a filing under the...

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Both individuals and corporations can make use of the Bankruptcy and Insolvency Act. A consumer bankruptcy is simply a bankruptcy filing by an individual in Canada.

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4 Ways To Eliminate Credit Card Debt

Many people experience the frustration that comes with trying to pay down – or ideally, off – their credit card bills each month. It can be difficult to see the majority of your monthly payment going towards high interest charges.

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You’ve probably heard the expression “Keeping up with the Joneses”, right? It refers to the human desire of wanting to have what our peers or neighbours have – a luxury car, tickets to every big concert, designer clothes, exotic vacations, etc...

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