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MNP Debt Blog

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Get to Know Our Licensed Insolvency Trustees

The Office of the Superintendent of Bankruptcy (OSB) - Canada's regulator of bankruptcy and insolvency - has announced that the designation “Trustee in Bankruptcy” will be replaced by “Licenced Insolvency Trustee” in the New Year,...

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Financial Literacy Month

November, 2015 marks the five year anniversary of Canada’s Financial Literacy Month.

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Learn From Those Smart, Stingy Boomers and Think Before You Spend

As we head into the holidays, it's all too easy to watch the spending add up. Between holiday parties, decorations, groceries and gifts - the dollars leaving your account (or worse, going onto credit) can become overwhelming.

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The Real Cost Of Christmas

With the holidays just around the corner, many Canadians are starting their Christmas shopping, ready to shell out hundreds of dollars to surprise loved ones with the perfect gift.

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Ontario Debt Rules

New rules in Ontario to better protect consumers from unscrupulous debt settlement companies come into force this week, but bankruptcy trustees says those in financial trouble seeking help still need to be cautious.

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Cyber Monday And Black Friday

While Black Friday and Cyber Monday used to be predominantly American shopping events, Canadian consumers and retailers have gotten right on board in recent years.

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How Do You Declare Bankruptcy In Canada

Bankruptcy is a process that releases you from most, if not all of your debt. In other words, bankruptcy lets you erase your debts and put an end to your indebtedness within a few months.

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Do You Have A Spending Addiction?

Most people with an addiction to spending do not realize the extent of their spending until their credit cards or lines of credit are maxed out and bill collectors start calling. A spending addiction can begin as early as childhood and may be caused...

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National Addictions Awareness Week Naaw

November 15-21, 2015 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and...

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Is Bankruptcy the Best Option for You?

Only a government licensed Trustee in Bankruptcy can file a bankruptcy on your behalf in Canada. As part of this process, your Trustee will first conduct a comprehensive assessment of your financial situation to determine if a bankruptcy is your best...

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