As one of the largest personal and corporate insolvency practices in Canada, MNP Ltd. is excited to announce our expansion into Newfoundland.

MNP’s history dates back to 1945, when Winnipeg-based Laird, Sprague & Co opened an office in Brandon, Manitoba. In 1957 however, the Brandon office became independent when Laird, Sprague & Co joined another firm. In 1958, Ron Meyers acquired full ownership of the office. The firm officially was renamed Meyers Dickens Norris Penny & Co. (MDNP) in 1969. When Al Dickens decided to leave the partnership in 1972, the firm became Meyers Norris Penny &...

I heard that if you filed for bankruptcy you would have to attend court for your discharge from bankruptcy. Is this true?

I have debt for aprox. $2500 and do not make enough money a month to pay it off. I was wondering if I would be eligible for bankruptcy and how I would go about filing and how much money would have to be paid.

You might ask yourself why you would need to file a Consumer Proposal, or possibly even look at filing for bankruptcy? Listening to the Statistics Canada announcement on September 11, 2015 regarding the level of Canadian’s household debt could be one reason.

If I file for bankruptcy would I have to give up my home?

As Canadians struggle under the pressure of an ever-increasing cost-of-living and a sluggish economy, many find this time of year especially difficult as they try to navigate around the costs of debt.

MNP's TAKE: With a struggling national economy and unemployment on the rise throughout several provinces, it's no surprise to learn that Canadians are grappling with financial insecurity.

With economists predicting another increase before the year is out, Canadians should begin bracing themselves for some significant changes now before it’s too late.

Increased interest rates are supposed to signal an improving economy.