MNP Debt Blog

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COVID-19 Rule Changes Now Allow for Virtual Bankruptcies and Consumer Proposals

Canadians are facing a lot of uncertainty right now. With a sudden economic downturn and many businesses shuttered due to social distancing measures, millions have found themselves out of work and unable to pay their debts.

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Can you buy a vehicle when you’re in Bankruptcy?

Provided under the Bankruptcy and Insolvency Act, Bankruptcy law aims to balance your need for a financial fresh start with your creditors’ right to recover a portion of the money they’re owed.

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Do you have student loans that were not erased by a bankruptcy or consumer proposal? Most likely, you filed before you had been out of school for seven years.

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The COVID-19 pandemic has shut down businesses, ravaged the global economy and caused significant job losses across the country.

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Seniors and Debt

Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.

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Boxing Day Spending Costs Spill Into The New Year

While Boxing Day discounts can feel like significant savings in the moment, if you’re relying on credit to pay for your purchases, they may end up being a lot more expensive than even the original retail price in the end.

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My husband and I are seperating. We are still under the same roof at this time but will be going our own ways. If we file together and he does not fulfill the requirements for discharge do we both lose discharge. Would it be better to file on our own,...

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If I declare a personal bankruptcy, can I remain as a director or a shareholder of a corporation before being discharged?

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Big Purchase? What It Means For Your Credit

You’re at a dealership shopping for a used car. You’d hoped to pay cash, however nothing in your price range suits your needs.

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Have you ever wondered who can help if you find yourself overwhelmed with debt? There are many organizations who offer services such as debt consolidation, debt settlement plans, interest reduction and debt forgiveness. There are also other methods of...

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