MNP Debt Blog

If you’re feeling trapped by debt and worry you’ve run out of options, it is often helpful to seek sound advice and effective solutions from a qualified professional to get your finances back on track.

If you’re struggling to control your debt, you know the vicious cycle it can become.

At MNP, we’re seeing a growing number of people working well-past retirement age simply to afford their monthly debt obligations.

We have seen countless news reports, tweets, blogs that tell us that Canadians have more debt than ever.

As a Licensed Insolvency Trustee, I meet a lot of people who are struggling with debt. And though their stories are all different, their experiences of searching for help often share a lot in common.

Canada is a welcoming place. People from around the world have been choosing to immigrate here for generations and have, in return for new opportunities, given back more than could have been expected. Our society is richer for their presence.

Under the new Family Law Act of BC, I am now considered a common-law spouse. Am I responsible for my common-law spouse’s debts?

Are you wondering who to turn to when you need help with debt in Canada and your credit rating is too low to consolidate your debts? There are many diverse options out there, each with their benefits but also considerations.

Starting to save early can help ensure you stay within your budget and reduce financial stress in the New Year.

In recent years, Canadians have grown accustomed to low interest rates. The Bank of Canada used low interest rates to encourage spending and spur economic activity during the pandemic. However, 2022 marked a sharp and painful turn for many. To combat...