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MNP Debt Blog

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11 things you might not know about Consumer Proposals

If you’ve been researching options to manage and overcome your debt, it’s likely you’ve already heard about Consumer Proposals and may even have a basic understanding of how they work.

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How upcycling can benefit both the planet and your bottom line

We’re all familiar with recycling and it’s environmental benefits. It’s one of the three Rs of sustainability many of us learned in primary school, along with reduce and reuse.

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The ads talk about getting out of debt and getting a fresh start. Is that really possible? You decide to make a call and find out. Afterall, what can it hurt?

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Getting a hold of your debt can be stressful and having to go through that process online can add to the load. Meeting in-person with an LIT can help alleviate some of that stress.

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Don’t let fear drive you away from Bankruptcy

What do Walt Disney, Elton John, and Larry King have in common? After filing Bankruptcy, these and countless other respected cultural icons all went on to achieve fortune, fame, and overwhelming success.

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Hosting a Holiday Gathering on a Budget

Whether you’re hosting a small intimate group of friends or a large family dinner over the upcoming holiday season, inflation and rising interest rates have made hosting more challenging than ever. Here are some simple tips on how to still have...

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Bank of Canada's announcement on the prime lending rate: Why you should care

A hot topic in economic news these days is the question of when the Bank of Canada will announce whether they are going to change the prime lending rate. For consumers, the more important question is: how will this announcement affect you?

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father gesturing and talking with teenager son in park

Money wasn’t something my dad talked about very much when I was growing up. However, he did have a couple of expressions he would share repeatedly over the years.

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Can creditors seize or garnish government retirement benefits?

One of the biggest concerns among indebted pensioners is whether creditors have the right to seize or garnish their Canada Pension Benefits (CPP) and Old Age Security Benefits (OAS).

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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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