MNP Debt Blog

It’s hard to believe it’s that time of the year again. Income tax time. Hopefully you were able to budget for your instalments last year in the correct amount, or your employer took the right amount of taxes from your pay. But what if we miscalculated?...

Ian Schofield and Pamela Meger, the Trustees who manage our Insolvency Services practice in Regina are very pleased to announce that MNP Ltd. has been chosen as the Consumer Choice award winner for the Regina area in the 2015 Bankruptcy Trustee category....

In early 2015 the Ontario Government announced dramatic changes to the law in Ontario regulating the debt settlement industry, effective July 1, 2015.

In today’s ever changing market, the possibility of job loss for many individuals is a fact of life. It’s important to plan for unfortunate events and to know how to handle it if it does happen.

A new survey conducted by Ipsos Reid on behalf of MNP Ltd. reveals that a sizable portion of Canadians are willing to take on more debt due to the Bank of Canada’s key interest rate cut announcement.

If you have severe debt problems, filing for bankruptcy may be an option. However, it is a decision that should not be taken lightly. Consider some of the following pros and cons of filing for bankruptcy:

This statement bothers me every time I hear it! To say that a Trustee works for one party suggests that he or she works against someone else.

It was Benjamin Franklin who said, “We get old too soon and wise too late.”

LETHBRIDGE - While many Canadians may be tempted to borrow more after the Bank of Canada’s recent cut to interest rates, local Personal Bankruptcy Trustees are strongly advising people not to.

The Bank of Canada announced on Jan. 21 the interest rate had been cut by 0.25%. Although good news, MNP personal bankruptcy trustees caution Canadians about taking advantage of this decrease by taking on more debt.