MNP Debt Blog

Today it is common practice to use credit for everything from buying groceries to going on vacations. And many consumers are making the minimum payment instead of paying off the full balance. As the years roll on and credit card balances remain unpaid,...

I'm not able to come to your office, can we discuss my debt problems over the phone?

My wife left awhile ago and with the bills i cant do it myself what will happen to my house,and vehicles own one and lease other, and what happens to debt that is in both names if i decide to claim bankruptcy

It is expected that the Enforcement of Money Judgements Act will be brought into law some time this spring. It will have a major impact on which assets are exempt in Saskatchewan.

If I am filing for personal bankruptcy for the second time, do I have to tell the Trustee, or is it his responsibility to find out, or does it matter?

How are secured creditors (mortgages, car loans etc.) affected in a bankruptcy or proposal?

Can you tell me what happens to shares in a company when one shareholder declares bankruptcy?

I'm in the process of trying to sell my house, but there isn't enough money to pay off the mortgage, the realtor and the lawyer. What do I do?

Recent studies indicate that Canadian debt levels are rising across the country. In fact, research has shown that at one point or other, up to half of all workers experience stress associated with financial problems and that stress can affect their health,...

In the following article, Ian Schofield, a Bankruptcy Trustee with MNP, discusses the significant increase in filings for bankruptcy or consumer proposals throughout Saskatchewan over the past few months.