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MNP Debt Blog

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The impact of this year’s consecutive interest rate hikes and persistent inflation is becoming clear, as Canadians are seeing the effect on their wallets.

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The impacts of this year’s persistent inflation and consecutive interest rate hikes are becoming clear as Quebec residents voice concerns about the effect on their wallets.

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When a debt is statute-barred, it cannot be brought to court and legally enforced because too much time has passed.

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Consumer Proposal vs Bankruptcy (MNP 3 Minute Debt Break)

For eliminating debt all-together, two widely used options for Canadian households are Bankruptcy and Consumer Proposals. Although both filings are legislated under the Bankruptcy and Insolvency Act, also known as the BIA, and must be filed by a Licensed...

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Life After Debt: Your Questions Answered

Congratulations! Now that your Bankruptcy or Consumer Proposal is completed, you are in the next phase of taking control of your finances. Without debt, you now have the freedom and opportunity to make financial decisions based solely on your goals —...

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Three questions to ask before taking out student loans

If you’re considering taking out student loans or securing financing for your education, there are certain questions you need to ask yourself, and perhaps your loan provider as well, before you jump in.

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Financial Scams (3 Minute Debt Break)

Financial scams have been around for decades. But they seem to have never been as common, insidious and invasive as they are today. It’s easy to assume you’ll never fall for a scam. But we’re all vulnerable, and we can all become victims...

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The Role of a Licensed Insolvency Trustee

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...

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Tips for handling inflation to keep a balanced budget

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.

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