MNP Debt Blog

In early 2015 the Ontario Government announced dramatic changes to the law in Ontario regulating the debt settlement industry, effective July 1, 2015.

In today’s ever changing market, the possibility of job loss for many individuals is a fact of life. It’s important to plan for unfortunate events and to know how to handle it if it does happen.

While it can be tempting to solve a short-term cash problem with long-term savings, cashing in your RRSPs to pay down debt should be a last resort.

Orderly Payment of Debts is a debt repayment arrangement in the provinces of Alberta, Saskatchewan, Prince Edward Island and Nova Scotia.

Meeting with a Trustee about Financial Problems

I completed a consumer proposal in March 2010. I took it out in March of 2008. No problems - it really helped me out. Just wanted to know when it will be removed from my credit file.

If you have concerns about the proposal, the first thing I would:

I have a mortgage that I find I can't afford, plus credit card debts. The mortgage is for a property that has lost value since the purchase, so selling isn't an easy opinion. I was wondering if I could schedule an appointment to come talk to someone. ...

How are secured creditors (mortgages, car loans etc.) affected in a bankruptcy or proposal?