As Licensed Insolvency Trustees, we often see the worst-case scenario when it comes to personal finances. Most people are at the end of their rope by the time they reach my office – having struggled with every possible fix for their debt situations and seeing no other alternative than to file for Bankruptcy or a Consumer Proposal.

Helping people is what we do at MNP Debt. Every day, we work to provide tailored and effective debt solution that eliminate our clients’ stress, improve their relationships and provide hope for a better financial future.

The goal of living debt free is certainly an admirable one and something we support wholeheartedly.

We’ve all been there: kicking tires, innocently window shopping, looking for nothing in particular – when something spectacular catches our eye.

The number of consumer insolvencies per thousand residents, aged 18 years or above, increased to 3.7 in 2018, after declining for the past nine years.

The insolvency rate in the area, which had been declining since 2010, took a slight uptick to 3.4 per cent in 2018.

As baby boomers continue to age, they face a growing number of questions about how they’re going to manage in the last phase of their lives.

All debt can be overwhelming, but there’s no creditor quite as frightening as the all-mighty tax collector. In fact, unfiled and / or unpaid taxes are two of the most common reasons self-employed individuals and sub-contractors seek the assistance of a Licensed Insolvency Trustee.

High school graduation comes with many opportunities – one of which is the availability of credit. But should you take it?

Another new year is upon us, and with that comes a fresh batch of resolutions.