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MNP Debt Blog

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I've been doing insolvency work for a very long time, so I remember when interest rates were much higher than they were today. In fact, I recall back in the 1980s when mortgage interest rates were over 20% in some cases (no, that is not a typo).

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How Do I Know When I Have Too Much Debt?

As always, every situation is different and whether or not you are carrying too much debt depends on a number of variables in your individual circumstance. What may be too much of a financial burden for you, may be completely manageable for someone else....

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Debt Relief Can Be Relieving

Are your debt problems heating up? Perhaps it’s time to cool off with some debt relief

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Drop in Oil Prices

There is no doubt about it. The drop in oil prices has affected nearly everyone in Alberta. Central Alberta especially, is experiencing a significant hike in the amount of people seeking to restructure their debt or attain manageable debt relief solutions....

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Canada's High Debt Load

Based on current economists, Canada’s debt to income ratio has reached an all-time high of 163.3%. This means Canadians have $1.63 of debt to every $1.00 of earned income, the highest level ever seen on record. Canada is only 15% below where the United...

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5 Reasons To File A Consumer Proposal

A Consumer Proposal is an alternative to declaring personal bankruptcy. It’s an arrangement that’s negotiated with your creditors through a Licensed Bankruptcy Trustee.

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What Happens If You Retire Before Your Debts Have Retired?

Recent headlines indicate that more and more senior citizens are heading into retirement while still in debt. According to credit reporting agency reports, the average debt for consumers aged 65 and older has seen the largest year-over-year increase for...

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Teaching children financial responsibility

Teaching children about financial responsibility is important for every parent to do.

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The Office of the Superintendent of Bankruptcy in Canada (OSB) is a special operating agency of Industry Canada that protects the integrity of the bankruptcy and insolvency system for the benefit of investors, lenders, consumers and the public.

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It’s that time of year again. We’re firing up our barbeque to host MNP’s 3rd Annual Back to School Charity BBQ. Please join us on Friday August 14, 2015, on our front lawn for a fun afternoon of hot dogs and burgers. We will be preparing and selling lunch...

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