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MNP Debt Blog

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Unprecedented drop in insolvencies likely not a sign of financial stability

MNP released its most recent Consumer Debt Index just as the COVID-19 pandemic started gaining a foothold in Canada. The data — which Ipsos collected over the two weeks preceding the indefinite shutdown of non-essential businesses and millions of...

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Do you have student loans that were not erased by a bankruptcy or consumer proposal? Most likely, you filed before you had been out of school for seven years.

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COVID-19 Rule Changes Now Allow for Virtual Bankruptcies and Consumer Proposals

Canadians are facing a lot of uncertainty right now. With a sudden economic downturn and many businesses shuttered due to social distancing measures, millions have found themselves out of work and unable to pay their debts.

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Can you buy a vehicle when you’re in Bankruptcy?

Provided under the Bankruptcy and Insolvency Act, Bankruptcy law aims to balance your need for a financial fresh start with your creditors’ right to recover a portion of the money they’re owed.

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The COVID-19 pandemic has shut down businesses, ravaged the global economy and caused significant job losses across the country.

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In the midst of a pandemic, taking care of yourself and your personal health is of the utmost importance. However, this doesn't mean you can abandon your financial health.

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While social distancing is the right thing to do to defeat COVID-19, we realize these are difficult times. If you have been impacted by the pandemic and have questions about dealing with your debts, we are here to help. Our team is listening and will...

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Is Bankruptcy the answer to your tax debt?

Few things strike fear in a person’s heart like tax debt. There’s a long-held belief that you can’t fight the government, so most people resign to not even bother.

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Young people and debt Strategies to avoid lifelong financial challenges

Today’s youth face wide range of financial challenges that were largely unheard of a generation ago. Why are relatively young people facing such high debt loads and shaky financial futures so early in life? Let’s look at some obvious and not...

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Five Tips for Managing Your Finances During the COVID-19 Pandemic

The ongoing uncertainty and instability caused by the COVID-19 pandemic have many people concerned about how they’re going to weather the months ahead.

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