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MNP Debt Blog

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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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Six in 10 Ontarians are likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

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What is mortgage foreclosure?

Home ownership is a dream for many Canadians; most of whom will require a mortgage to make the purchase possible. A mortgage is a type of secured, typically long-term, and comparatively low-interest loan

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Can working from home help get you out of debt?

Canadians who worked from home found that they were able to save a significant amount of money by not having to travel to a work location each day.

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What rising interest rates could mean for you

Eight times a year, the Bank of Canada will make an announcement on the key interest rate, and if projections are correct, we are going to see interest rates rise. You could be thinking, what does that mean, how will it affect me, what can I do?

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Six in 10 Atlantic Canadians are likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

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Six in 10 Atlantic Canadians are likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

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How will I afford it if my mortgage interest rate goes up one percent?

Mortgage rates are going up. How will you afford the increase in monthly mortgage payments?

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Only you and your child can decide whether post-secondary education is the right path forward. Regardless of what direction their life ends up following, there are steps you can take to prepare for the costs of post secondary education to help ensure...

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Don’t let fear drive you away from Bankruptcy

What do Walt Disney, Elton John, and Larry King have in common? After filing Bankruptcy, these and countless other respected cultural icons all went on to achieve fortune, fame, and overwhelming success.

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