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MNP Debt Blog

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3 key tips for talking to your kids about money

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

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Can student loans be discharged in a Bankruptcy?

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.

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Your consumer proposal can have a fairy tale ending

Let’s say you’re part of a family where both you and your spouse are employed in well paid, professional jobs. Net annual household income is approximately $120,000 or approximately $10,000 per month. The family — you, your spouse, and...

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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...

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The Payday Loan Trap

Almost all Canadians face financial hurdles to some degree or another — but few financial challenges are as costly or self-perpetuating as the misuse of payday loans. Understanding their intended purpose and affiliated risks is essential.

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Discover the difference between bankruptcy and insolvency

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

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What are my options to deal with debt?

Household debt is a major challenge in Canada. The average Canadian currently owes more than $20,000 in non-mortgage debt — and a total of about $1.70 for ever one dollar they earn.

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What tactics will debt collectors use to recover overdue bills?

Collection agencies use many tactics to enforce repayment of debt. The most common methods are phone calls and letters. However, depending on the amount owed, the situation can quickly escalate to threats of legal action — which, in turn, can result...

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Understanding the rules of surplus income

Whether you undergo a bankruptcy proceeding or a consumer proposal to get a fresh start from excessive debt, one important item to understand is the rules around surplus income.

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When Creditors Are Calling (3 Minute Debt Break)

Nobody enjoys being late on bill payments. But unfortunately, it's not always possible to make ends meet. Anyone who has ever been in a position where they're forced to choose between basic necessities and keeping up with their debts understands just...

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