MNP Debt Blog

As a father, there are several financial lessons I hope I’ve passed along to my children. These are valuable bits of wisdom I’ve learned from my parents, personal experience and through my work as an accountant and Licensed Insolvency Trustee.

High financial expectations coupled with harsh employment realities can leave recent post-secondary graduates feeling a little anxious and overwhelmed. The competitive job market, combined with lower than anticipated income and higher than expected costs...

I just signed financing paperwork with Toyota Canada for a new vehicle. Am I able to keep this vehicle after declaring bankruptcy?

I attended university in the US and am now living back in Canada. Is it possile to file for bankruptcy in the US? Will doing so harm my credit in Canada? Thank you for your help!

If you don't have a job when you file for bankruptcy, it doesn't really make any difference to how your bankruptcy is administered. What does impact a bankruptcy filing is income from any source.

I understand that you cannot file for personal bankruptcy if you are a Director of an Incorporated company. How does a person go about resigning as the Director??? Thanks, Kelly

There’s been a point in nearly ever big city dweller’s life when they’ve thought fondly about leaving the bright lights behind and starting fresh in a small town.

Will it help to resolve my immediate problem to file bankruptcy now. VISA has informed me today that they emptied my bank account, which was intended for my rent. If I can not get this reversed I will be evicted. Is there anything I can do to get my...

Albertans are increasingly reliant on debt, struggling to pay off their outstanding balances and apparently in the worst position of any province currently.

A new survey released by MNP LTD finds that Ontarians are concerned about the uncertainty of a potential housing bubble and impending interest rate hikes, adding financial stress to households already carrying a record level of debt.