MNP Debt Blog

Just like introducing the alphabet and numbers, it’s important for parents to have clear, accessible conversations around money, and healthy habits around finances.

The following questions will help you determine whether your loans may be eligible for discharge in an insolvency proceeding. And, if they aren’t, how you can still get the financial relief you deserve.

Here are the ABC’s of dealing with creditors and debt collectors.

Parenthood happens differently for everyone. But the one thing the same for everyone is the impact on your finances. You are now responsible for a whole other person who depends on you for everything. The good news is you can start planning for these...

You’re saving, you’re budgeting for all the costs involved — and you’re nearly ready to put an offer in. But have you factored mortgage default insurance into your calculations?

A Licensed Insolvency Trustee (LIT) is an insolvency professional who has been licensed by the Superintendent of Bankruptcy in Canada to help individuals and businesses who are having difficulty paying their debt, administer Consumer Proposals and Bankruptcies...

Inflation is the measure of the rising price of certain goods and services. Statistics Canada measures it from month to month, based on a basket of goods that represents what a typical consumer would normally purchase.

Being insolvent can result in declaring Bankruptcy. However, insolvency does not necessarily lead to Bankruptcy. Depending on your situation, there may be other ways of dealing with your debt.

Post-secondary education costs money. Depending on the program, sometimes a lot of it. But there are steps every student can take to prepare for these costs and minimize the future financial impacts of pursuing a higher education.

The Bank of Canada (BoC) increased its policy interest rate by a full percentage point on July 13, 2022. It was the fourth increase to the overnight rate this year and the largest since 1998.