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MNP Debt Blog

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Before You Sign Do You Know The Dangers Of Co Signing A Loan

Co-signing or guaranteeing a loan is one of the most dangerous financial decisions you can commit to. When you co-sign or guarantee someone’s loan, you take on all the financial risk, yet receive little or no benefit from the transaction. But in most...

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5 Ways To Teach Kids How To Avoid Bankruptcy As Adults

Learning to handle funds responsibly is part of growing up. Unfortunately, it is not something usually taught in schools which means it falls to parents to teach their children how to do so. Here are a few suggestions you might want to consider.

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Putting All Your Debt In One Manageable Place

If you have several different debts and you’re starting to have trouble managing them, you’ve probably already encountered the stress of trying to figure out who’s going to get paid and who’s not going to get paid this month.

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With a weakened Canadian dollar and the cost of oil still on a downturn, more and more Canadians are relying on credit to help carry them from one financial obligation to the next - even with insolvencies on the rise.

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Here is a small checklist of things to look at and what to pay special attention to. It will involve looking at a few documents and may involve a few phone calls and, if required, a meeting with your financial advisor, lawyer or notary.

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As Albertans continue to face a difficult economic climate, increased job losses and a dropped loonie, it’s not surprising to learn that debt in the province is on the rise – and consumers are having a difficult time keeping up with their debt payments....

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Insolvency Rates In Alberta Climb As The Economic Downturn Wears On

With a continual downturn in the price of oil, a barrage of layoffs and a weakened Canadian dollar, making it from one debt payment to the next has become a significant challenge.

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As one of the largest personal and corporate insolvency practices in Canada, MNP Ltd. is excited to announce our expansion into Newfoundland.

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What Property Is Protected During A Bankruptcy

Bankruptcy is a process that releases you from most of your indebtedness by handing over some of your property. In other words, bankruptcy lets you erase your debts and put an end to your indebtedness within a few months.

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Its Your Lucky Day There Are Alternatives To Bankruptcy

Given today’s economic climate, thousands of families across Canada find themselves in a delicate balancing act between keeping up with financial necessities while trying to pay down ongoing debt.

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