MNP Debt Blog

The second season of the MNP 3 Minute Debt Break podcast has come and gone, and now it's time look back at a few of our favourite episodes.

A Licensed Insolvency Trustee (“Trustee”) is licensed by the federal government, specifically by the Office of the Superintendent of Bankruptcy, and is the only licensed debt professional in Canada permitted to administer bankruptcies and consumer proposals....

After completing a Bankruptcy or Consumer Proposal, rebuilding your credit can feel nearly as daunting as getting out of debt. But just a few steps every day will get you where you want to go. The following steps will help you focus on your goals, outline...

Bankruptcy, insolvency — what's the difference — and, more importantly, which one will help you get the financial fresh start you need and deserve?

Whether you undergo a bankruptcy proceeding or a consumer proposal to get a fresh start from excessive debt, one important item to understand is the rules around surplus income.

Debt problems can strain relationships and cause stress for the entire family. If your spouse has met with a Licensed Insolvency Trustee and is (or is considering) filing a Bankruptcy, the impact on you will depend on the extent of your joint debt.

Many Canadians may find themselves overburdened with debt due to various factors beyond their control.

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?