MNP Debt Blog

There is no doubt about it. The drop in oil prices has affected nearly everyone in Alberta. Central Alberta especially, is experiencing a significant hike in the amount of people seeking to restructure their debt or attain manageable debt relief solutions....

Based on current economists, Canada’s debt to income ratio has reached an all-time high of 163.3%. This means Canadians have $1.63 of debt to every $1.00 of earned income, the highest level ever seen on record. Canada is only 15% below where the United...

A Consumer Proposal is an alternative to declaring personal bankruptcy. It’s an arrangement that’s negotiated with your creditors through a Licensed Bankruptcy Trustee.

Recent headlines indicate that more and more senior citizens are heading into retirement while still in debt. According to credit reporting agency reports, the average debt for consumers aged 65 and older has seen the largest year-over-year increase for...

Teaching children about financial responsibility is important for every parent to do.

The Office of the Superintendent of Bankruptcy in Canada (OSB) is a special operating agency of Industry Canada that protects the integrity of the bankruptcy and insolvency system for the benefit of investors, lenders, consumers and the public.

It’s that time of year again. We’re firing up our barbeque to host MNP’s 3rd Annual Back to School Charity BBQ. Please join us on Friday August 14, 2015, on our front lawn for a fun afternoon of hot dogs and burgers. We will be preparing and selling lunch...

Spend too much during stampede? No room for your annual vacation? Here are some Calgary debt consolidation options and spending tips.

It can be extremely daunting and frustrating when you are trying to pay down debt. Especially as you watch your balance decrease when a payment is made, only to see it go up again with interest charges, service fees, loan insurance premiums or even as...

Bankruptcy is a process that allows a debtor to get a fresh financial start. When you file for bankruptcy, you surrender your assets to your bankruptcy trustee. The trustee then turns those assets into cash, and distributes the money to your creditors....