MNP Debt Blog

Debt becoming unmanageable and you’re looking for a way to avoid bankruptcy? Let’s discuss the pros of a Consumer Proposal.

Consumer Proposals are the leading alternative to bankruptcy in Canada for individuals who wish to negotiate a more favourable debt repayment plan with their unsecured creditors.

As unemployment continues to increase across the prairies due to a sharp decline in the price of oil, many have found themselves relying on credit to pay for day-to-day expenses as severance pay begins to dwindle and unemployment insurance runs its course....

The insolvency statistics for March have just been released and they are consistent with the trends for the previous few months. Generally filings are flat across the country except for those provinces affected by the decline in oil prices. Total filings...

Living in financial uncertainty, with harassing phone calls from creditors, while trying to maneuver through unmanageable debt, can be completely overwhelming. The good news is, you have options, though it can be difficult to fully understand which route...

Federal and provincial student loans have enjoyed a special status over the years. The answer to the question of what debt solutions are available to you in the case of student loan debt, is not a simple one depending on the length of time you have been...

First, let’s talk about what it means to default on a CP. Then we can look at what you can or should do if you do, in fact, default. There are certain protections in place that allow for some flexibility in ‘putting it back in the box’ so to speak, if...

If you have several different debts and you’re starting to have trouble managing them, you’ve probably already encountered the stress of trying to figure out who’s going to get paid and who’s not going to get paid this month.

Frustrated and overwhelmed with debt? Given today’s difficult economic climate, you’re not alone. The good news is, bankruptcy is not your only option.

MNP LTD Trustee Doug Stuive was interviewed by Bankruptcy Canda Inc. , to discuss debt, bankruptcy and consumer proposals.