MNP Debt Blog

With the steadily increasing record levels of consumer debt amongst Canadians, as a Licensed Insolvency Trustee, I am surprised by the number of people who contact me without having ever obtained their own credit report.

As unemployment continues to roll through Saskatchewan and the value of Canadian oil continues to slump on the global market, households across the province are finding themselves on the bring of financial ruin.

Equifax Canada and TransUnion Canada are the two main credit bureau companies in Canada.

Take care of those you love, those who are close to you, with or without a bloodline.

Given today’s economic situation, it’s no surprise to learn thousands of Canadian households are struggling and relying on credit to carry them through in a financial pinch. While credit can be an incredible tool, credit reliance can quickly...

While the story of Bre-X certainly played out like a movie script, like most Canadian scandals, it garnered little interest outside of the mining industry south of the border, especially, almost 20 years later.

MNP’s Vicky Samuels recently spoke with Discover Airdrie about the increase in bankruptcies throughout Alberta as household incomes continue to waiver across the board.

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, many Canadians are struggling to keep up with the costs of day-to-day living, let alone manage debt.

Assessing whether your client is experiencing financial distress does not require access to detailed financial information, but rather facts which are readily available if you keep a keen eye and watch for them.

People fear the word “bankruptcy” for many different reasons. Often people worry about the effects a bankruptcy may have on their credit rating, the effect on their family or on co-signors and the societal perceptions.