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MNP Debt Blog

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Bankruptcy Up By 25 In Southeast Saskatchewan

MNP LTD Trustee Ian Schofield was interviewed by Discover MooseJaw to discuss the increase in insolvencies in Saskatchewan. The original article was originally posted online at Discover MooseJaw on April 5, 2016.

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Can A Bankruptcy Or Consumer Proposal Help With My Student Loan Debt?

Federal and provincial student loans have enjoyed a special status over the years. The answer to the question of what debt solutions are available to you in the case of student loan debt, is not a simple one depending on the length of time you have been...

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Canadian Insolvency Filings Are On The Rise

The data is in, but it’s not necessarily surprising. Insolvencies are on the rise as many Canadians grapple with the burden of unmanageable debt.

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What Happens If I Cant Pay My Consumer Proposal Or Consolidation Loan?

First, let’s talk about what it means to default on a CP. Then we can look at what you can or should do if you do, in fact, default. There are certain protections in place that allow for some flexibility in ‘putting it back in the box’ so to speak, if...

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Boc Warns About Rising Debt

As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit and (current) low interest rates to help keep up with monthly financial obligations and expenses....

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Guaranteeing Somebody Else's Debt? WAIT!

Sometimes a financial institution or other form of lender will not grant credit to an individual or company (the “borrower”) unless someone else provides a guarantee. This can be potentially dangerous because if the borrower defaults on the loan, the...

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Debt: How Much is Too Much?

Nowadays, most Canadians carry some form of consumer debt. Credit, when used wisely, can be a good thing. But many Canadians are over-extended, financially stressed and struggling to perform a delicate fiscal balancing act. If you are concerned about...

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

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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.

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As Household Debt Continues To Rise How Are We Going To Pay For It

With a weakened loonie and job losses on the rise, many are struggling to keep up with monthly expenses. In fact, according to a poll conducted with MNP, nearly 50% of Canadians are within just $200 of not being able to meet their financial obligations....

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