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MNP Debt Blog

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Struggling To Decide Between A Consumer Proposal And Bankruptcy

Living in financial uncertainty, with harassing phone calls from creditors, while trying to maneuver through unmanageable debt, can be completely overwhelming. The good news is, you have options, though it can be difficult to fully understand which route...

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Unemployment And Insolvency Often Go Hand In Hand

The insolvency statistics for March have just been released and they are consistent with the trends for the previous few months. Generally filings are flat across the country except for those provinces affected by the decline in oil prices. Total filings...

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Insolvency Rate Linked To Plunging Oil Prices

As unemployment continues to increase across the prairies due to a sharp decline in the price of oil, many have found themselves relying on credit to pay for day-to-day expenses as severance pay begins to dwindle and unemployment insurance runs its course....

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Three Advantages Of Filing For A Consumer Proposal Vs A Bankruptcy

Debt becoming unmanageable and you’re looking for a way to avoid bankruptcy? Let’s discuss the pros of a Consumer Proposal.

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Rebuilding Credit After A Consumer Proposal Or Bankruptcy

Come through the other side of a Consumer Proposal or bankruptcy and need to build credit? Here’s some tips!

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Personal Bankruptcy On The Rise

With increased unemployment spreading throughout the prairies and B.C, many are struggling to keep up with day-to-day expenses and find themselves more reliant on credit than they would like to be.

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Couple Need A Firmer Grip On Budgeting

Norman and Lena, otherwise well-set for early retirement, would be wise to get a better handle on spending.

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What Happens To My Savings In A Bankruptcy

If your financial situation has become overwhelming and you find yourself struggling from one debt payment to the next – you’re certainly not alone.

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Instalment Loan Debt Delinquency Increase Sharply

MNP's TAKE: As the price of oil continues to drag and Canadians from coast to coast face increased unemployment, many are turning to credit or high risk (which also means high interest) loans to carry them through what they hope to be a short-lived financial...

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It is said that the only an egg is better when it is broken. When a material financial crisis results in a company being broken, its ongoing viability needs to be immediately assessed to determine if the business is insolvent.

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