MNP Debt Blog

The road to a financial fresh start begins with gaining insight into your current financial state. MNP has built various easy-to-use and accessible tools to help you understand your finances and determine the best debt relief options for you.

Bankruptcy can be an intimidating proposition, but it doesn’t have to be scary or complicated. Living with financial stress has many negative impacts, on your wallet, your mental health, and on your ability to plan for the future.

The MNP Consumer Debt Index celebrated its fifth anniversary in July 2023. The information we’ve collected over 25 quarterly surveys paints a detailed picture of how Canadians feel about their finances and individual debt situations.

Let’s explore some of the stigmas around Bankruptcy, why you shouldn’t be afraid of this process, and how a Licensed Insolvency Trustee (LIT) can help you on your journey toward a debt-free future.

If you are experiencing overwhelming debt loads, severely reduced income, unexpected job loss, or depleted savings, you may be wondering if Bankruptcy is right for you.

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.

Amid rising interest rates moving upwards and a challenging cost of living for households, the proportion of Albertans who are concerned about their ability to pay their debts has reached an all-time high.

With rising interest rates and the cost of living remaining a challenge for B.C. households, the proportion who report being close to insolvency has spiked.

Amid rising interest rates and a challenging cost of living, the proportion of Ontarians who report being insolvent has reached an all-time high, according to the latest MNP Consumer Debt Index.