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Tips and tricks to pay off your debts

Make your debt-free future a reality with some useful strategies to pay off what you owe.

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Nova Scotians grapple with inflation isolation: rising costs impacting mental health, increasing loneliness, isolation, stress, and anxiety

A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon, with more than half of Atlantic Canadians saying they’re staying home more often (55%) to save money.

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Albertans grapple with inflation isolation: rising costs impacting mental health, increasing loneliness, isolation, stress, and anxiety

A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon, with three in five Albertans saying they are staying home more often (59%) to save money.

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The Bankruptcy process

After consulting with your local financial advisor, you’ve determined that Bankruptcy is the next step for you. While the decision may not be easy, it’s an important step in your journey to debt freedom.

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Everything you need to know about financial literacy

Whatever stage of life you’re in, making informed financial choices has never been more important and ongoing financial literacy is the key.

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Debt tools and how to use them

Do-it-yourself tools like the MNP Debt Calculator and the MNP Debt Scale are a great place to start and will help determine your next steps.

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Review your options: Bankruptcy, Consumer Proposal, or full debt repayment

Financial advisors can help you prioritize your debt repayments based on due dates and interest rates.

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Life after debt

You’ve been through one of the biggest financial challenges of your life. Overwhelmed by debt you couldn’t manage on your own, you made the choice to meet with a Licensed Insolvency Trustee.

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Benefits of a Consumer Proposal

Deciding to follow through on a Consumer Proposal is a tough decision to make. It’s not a position that anyone wants to find themselves in, but at the same time, it’s nice to know that there’s a reasonable path back to full financial freedom.

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Discharge Period

Everyone’s financial journey is unique. If yours looks like it may lead you down the path of working with a Licensed Insolvency Trustee to file for Bankruptcy or submit a Consumer Proposal, then a debt-free future awaits you. The sign that you’ve finished all of your payments, is an official discharge from Bankruptcy or a Certificate of Full Performance from a Consumer Proposal.

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