MNP Debt Blog

The purpose of this article is to give you some idea of what your rights are in a bankruptcy when you are a creditor and aren’t satisfied with some aspect of the process.

It’s 8:00 am on Monday morning and you arrive at work ready to start the week, only to find that all staff have been summoned immediately to an emergency meeting in the staff room. Amid whispers of what could possibly be going on, you head into the meeting...

Segregated funds are a type of investment vehicle that allows an investor to invest funds with a guarantee minimum return of initial capital.

There are differences between bankruptcies and consumer proposals across the provinces and I would encourage individuals struggling with financial difficulty to consult with a trustee such as myself who is resident in their particular province

As unemployment continues to roll through Saskatchewan and the value of Canadian oil continues to slump on the global market, households across the province are finding themselves on the bring of financial ruin.

Your spending habits are a crucial part of your journey to a fresh financial start and a healthy financial life. But if you’re already in debt or inching closer to it with every swipe of your card, there’s no reason to panic.

For eliminating debt all-together, two widely used options for Canadian households are Bankruptcy and Consumer Proposals. Although both filings are legislated under the Bankruptcy and Insolvency Act, also known as the BIA, and must be filed by a Licensed...

Debt problems can strain relationships and cause stress for the entire family. If your spouse has met with a Licensed Insolvency Trustee and is (or is considering) filing a Bankruptcy, the impact on you will depend on the extent of your joint debt.

Bankruptcy, insolvency — what's the difference — and, more importantly, which one will help you get the financial fresh start you need and deserve?

It’s important to understand how the debt will ultimately be split up, and what happens when one spouse can no longer afford to pay their share.