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MNP Debt Blog

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When a person files a Consumer Proposal or bankruptcy, they are required to provide full financial disclosure to the LIT. In fact, the legal documents which summarize their financial position are signed under oath.

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Teaching children financial responsibility

Teaching children about financial responsibility is important for every parent to do.

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Stuck in a cycle of debt but not sure exactly what your options are or how to decide which is the best route for you?

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The Gap Between Canadians And Insolvency Is Narrow

According to our recent MNP Consumer Debt Sentiment Survey, a whopping 56 per cent of Canadians are within just $200 away of being unable to keep up with their financial obligations at the end of each month.

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With a weakened Canadian dollar and the cost of oil still on a downturn, more and more Canadians are relying on credit to help carry them from one financial obligation to the next - even with insolvencies on the rise.

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I'm often asked about surplus income and how it's calculated. We'll review surplus income and voluntary payments in a bankruptcy.

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A bankruptcy will have only a small impact on other family members, but it's important to know what that looks like.

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With summer just around the corner, love is on the mind of many Canadian couples. But it can be hard to think about love when money troubles get in the way. Unfortunately, according to an online survey conducted on behalf of MNP Ltd., one in four (27%)...

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Trustees Offer Help For Canadians Feeling The Debt Pinch As Holiday Bills Arrive

January 18, 2016, CANADA – The third Monday in January has been dubbed Blue Monday; what can be for some the most depressing day of the year as the holiday bills arrive around this time.

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Trustee’s Aren’t Scary, They’re Here to Help!

As Halloween approaches and the kids are back in school, parents can now refocus on the bills that were put off during the hectic days of summer such as vacations, back to school supplies and fall clothing.

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