MNP Debt Blog

Every parent knows just how busy – dare I say hectic – family life can be.

It’s not very often a bankruptcy is advertised in the newspaper – in fact, only about five percent of bankruptcies filed are ever listed in the paper.

Regret is one of the most common refrains Licensed Insolvency Trustees hear when we talk to clients about their debt. They ask questions like, “how did I get into this mess?” Or, “why did I make that decision?”

The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.

If you want to leave a legacy when you pass away, defeat debt before you retire. Otherwise all you leave may be paperwork and memories.

You've done everything you can to provide a good life for your family. You've worked hard to put a roof over their head, food on the table, clothing on their backs — to make sure they'll never want for anything.

YES! Of course you can still buy things after you file for bankruptcy; in fact, one of the most attractive benefits of a bankruptcy is that you are free from all of the unsecured debt payments you were previously making and as a result; you will likely...

The Bank of Canada has raised interest rates five times since July 2017 after going nearly a decade without an increase.

No one wants to disrupt their much-deserved rest and relaxation by panicking about how they’re going to juggle an unplanned hit to their budget. So how do you keep your vacation budget on track?

As a consumer finance professional, I field a lot of questions about money. But few do I experience more often than the age old — “Should I invest in my retirement or pay off my debt?”