MNP Debt Blog

The process of ending a relationship or going through a divorce is, most times, never easy. It can be stressful and confusing to sort through all the different moving parts. And the decisions you make today can have long-term effects. Adding to that stress...

It’s no secret that financial struggles can be a major contributor to stress and can dramatically affect not only your mental health and emotional well-being, but your physical health as well.

Many people experience the difficulty of managing multiple debts and day-to-day expenses that can leave you feeling like you are barely getting by on a monthly basis.

It’s that time of year again. It’s cold, and dark and wintertime. Nothing saws ‘reward me’ like a little shopping and getting yourself that special something to perk up your day.

As we head into the holidays, it's all too easy to watch the spending add up. Between holiday parties, decorations, groceries and gifts - the dollars leaving your account (or worse, going onto credit) can become overwhelming.

When people are struggling with debt, often one of their biggest worries is that they will lose their vehicle. For many, their vehicle represents not just a way to get themselves to work or the kids to hockey, but freedom itself. The idea of life without...

Haven’t filed taxes in a while? Do you owe back taxes or need help with CRA income tax debt? Most people don’t know that income tax debt can be forgiven in a bankruptcy or proposal. To learn about the options available to you, watch the recording of MNP’s...

Debt that you owe and repay to your creditors consists of two parts. The first part is the money you originally borrowed. The other part is the interest (and sometimes fees).

An informal debt settlement of debts is essentially a voluntary proposal between you and your creditors without judicial surety or the step by step support that comes from working with a licensed trustee.

As debt levels continue to creep, what happens when consumers can’t keep up with minimal payments, let alone being able to actually pay that debt down?