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MNP Debt Blog

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Who will know about your Bankruptcy?

. It’s important to know that simply seeking out help for your finances won’t compromise your privacy.

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Buy Now, Pay Later: A Double-Edged Sword

It is important to understand the terms and conditions of a buy now, pay later plan before signing up for it.

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You’re saving, you’re budgeting for all the costs involved — and you’re nearly ready to put an offer in. But have you factored mortgage default insurance into your calculations?

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What is the difference between a Consumer Proposal and debt management plan?

We’re asked this question often, largely because of the initial similarities many people see between these two debt solutions.

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Five resources to increase your money management IQ this financial literacy month

Personal finance can seem like an endless stream of jargon, best practices, and often contradictory advice about what you should do with your hard-earned income.

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

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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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