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MNP Debt Blog

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Consumer Insolvency Rate On The Decline In Montréal

The number of consumer insolvencies per thousand residents in Montréal, aged 18 years or above, decreased to 4.9 in 2018, continuing the downward trend since 2016.

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Gambling Debt? Recovery Is Possible

I recently worked with a retired and widowed client who came to MNP inquiring about possible debt solutions. He owed more than $120,000 on various credit cards and lines of credit which he was frightened he could never pay back in his lifetime.

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Helping people is what we do at MNP Debt. Every day, we work to provide tailored and effective debt solution that eliminate our clients’ stress, improve their relationships and provide hope for a better financial future.

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Getting Out Of Debt Reduces Stress

If you’re struggling with debt, you may have missed payments, debts may have gone to a collections agency and your stress levels are through the roof. Maybe you’re concerned about your credit rating and what to do next.

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Good Debt Vs Bad Debt Whats The Difference

The goal of living debt free is certainly an admirable one and something we support wholeheartedly.

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Four Mental Shifts For Better Money Management

As Licensed Insolvency Trustees, we often see the worst-case scenario when it comes to personal finances. Most people are at the end of their rope by the time they reach my office – having struggled with every possible fix for their debt situations and...

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How Financially Liable Are You As The Director Of A Small Business?

Companies devote resources to protect their business but often overlook the details necessary to also protect key stakeholders and directors.

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In my work as a Licensed Insolvency Trustee, I see firsthand the unfortunate effects financial crises can have on debtors’ mental and emotional wellness.

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A recent Ipsos poll conducted by MNP LTD. indicates a significant improvement in Atlantic Canadians’ debt situations over the past four months.

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Your credit cards are adding up. Add to that several other loans and lines of credit, and the complex juggling act of making your minimum payments can seem like a full-time job.

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