What are the pros and cons of a Consumer Proposal?

Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.

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What are the alternatives to Bankruptcy, and which is best for me?

If you are experiencing overwhelming debt loads, severely reduced income, unexpected job loss, or depleted savings, you may be wondering if Bankruptcy is right for you.

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MNP’s Debt Scale Tool and Debt Calculator: How to use them

The road to a financial fresh start begins with gaining insight into your current financial state. MNP has built various easy-to-use and accessible tools to help you understand your finances and determine the best debt relief options for you.

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Everything you need to know about Bankruptcy: What is it and how does it work?

Bankruptcy can be an intimidating proposition, but it doesn’t have to be scary or complicated. Living with financial stress has many negative impacts, on your wallet, your mental health, and on your ability to plan for the future.

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Impacts of rising interest rates on unsecured debt and financial health

The Bank of Canada (BoC) increased its policy interest rate by a full percentage point on July 13, 2022. It was the fourth increase to the overnight rate this year and the largest since 1998.

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Can I file a second Consumer Proposal?

A Consumer Proposal is one of the many options available to consumers who are looking for a manageable way to eliminate debt while avoiding Bankruptcy. But you’re wondering if you can file another Proposal if you’ve gone this route once or twice before.

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What we’ve learned over five years of the MNP Consumer Debt Index

The MNP Consumer Debt Index celebrated its fifth anniversary in July 2023. The information we’ve collected over 25 quarterly surveys paints a detailed picture of how Canadians feel about their finances and individual debt situations.

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5 ways to save money while saving the environment

Earth Day is a time to reflect on our everyday choices and how they can impact the environment.

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What are your financial New Year’s resolutions?

With another New Year’s day come and gone, it’s time to commit yourself to the resolutions you made! And what better way to start the year than with a few financial resolutions?

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