MNP Debt Blog

Every parent knows just how busy – dare I say hectic – family life can be.

A new year is supposed to mean a fresh start. However, for Canadians in financial trouble, their stress and anxiety remain.

Debt, like most problems, usually has more than one solution. And while this may seem like a good thing, it can make it harder to find the solution that's best for you.

A client recently came to me distraught and on the verge of tears. She had tried to sell her house, but couldn't close the sale. There was a lien registered against her property which prevented the transaction from moving forward.

This statement bothers me every time I hear it! To say that a Licensed Insolvency Trustee (LIT) works for one party suggests that he or she works against someone else.

There are many barriers that prevent people from getting help, but fear of the unknown is certainly the most common. Despite its effectiveness, bankruptcy continues to be mired in stigma and misinformation.

Have you ever requested a copy of your credit report? Many people I know never have and aren't even sure what it is or how to get one.

If you don't have a job when you file for bankruptcy, it doesn't really make any difference to how your bankruptcy is administered. What does impact a bankruptcy filing is income from any source.

The year 2017 was one of many highs and lows, from the surge of bitcoin to iconic retailer Sears shutting its doors. Now it's 2018, a new year, with new resolutions and hopefully, new goals.

First, congratulate yourself! You took the difficult first step of filing for bankruptcy and have earned yourself a fresh start.