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Cost Of Bankruptcy: How Much Does Filing For Bankruptcy Cost?

Explaining fees and how they're collected when filing for Bankruptcy.

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Debt-endency: Addictions, Debt and Insolvency

Serious debt is rarely a stand-alone problem. It’s often the result of other factors which either parallel or contribute to financial distress.

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British Columbians Increasingly Pessimistic About Their Consumer Debt

More British Columbians see grey skies on the horizon heading into the new year and beyond as fewer expect their debt situation to improve, according to the latest MNP Consumer Debt Index conducted quarterly by Ipsos.

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What Is Lifestyle Creep And How Do I Avoid It?

Lifestyle creep is the tendency for people to increase their spending in proportion to increased income or availability of credit for material / non-material wants like consumer goods or experiences.

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The Role of a Licensed Insolvency Trustee

A Licensed Insolvency Trustee (LIT) is an insolvency professional who has been licensed by the Superintendent of Bankruptcy in Canada to help individuals and businesses who are having difficulty paying their debt, administer Consumer Proposals and Bankruptcies and manage assets held in trust.

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Is some debt good for my company?

Whether operating a small business, or large enterprise, there is a lot at stake for Canadian entrepreneurs.

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Tips for handling inflation to keep a balanced budget

Inflation is the measure of the rising price of certain goods and services. Statistics Canada measures it from month to month, based on a basket of goods that represents what a typical consumer would normally purchase.

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Tax Debt: Your Questions Answered

As another tax season has come and gone, you may still have lingering questions regarding tax debt related to CERB, student loans, and collection calls. To answer your questions, and to learn about the options available to you, tune into our Tax Debt VLOG series below with MNP's Licensed Insolvency Trustees.

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How to Answer Debt Collectors

Managing debt repayment when you’re struggling financially is extremely stressful on its own, but when your creditors start to take a more aggressive approach and enlist the services of a collection agency, that stress can intensify quickly.

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DIY Debt Solutions: When They Work, and When They Don’t

Thousands of individuals across Canada are coping with financial stress, and addressing their increasing debt can be an overwhelming process. Personal debt has left them juggling bills, payments, and priorities without a clear path towards financial freedom.

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