MNP Debt Blog

An MNP Licensed Insolvency Trustee discusses the importance of seeking expert advice when dealing with the financial problems of a marriage during the divorce process to make sure that you understand all of your options.

We read about it almost weekly - Canadians have accumulated record levels of consumer debt.

Bankruptcy is a legal state. To place yourself in bankruptcy you must execute a number of documents with a licensed Trustee in Bankruptcy (like those that work for MNP Ltd.). You will only be placed in bankruptcy after you have met with a Trustee and...

Learn about what happens after you complete your final payment under a consumer proposal. Read this blog about your life after a consumer proposal.

You will be considered free or discharged from your debts once you have completed the entire process.

Once an individual has completed the difficult task of a bankruptcy or consumer proposal, the question that is asked most often is, “How do I rebuild my credit rating?” The answer is, you can start rebuilding your credit immediately. Here...

In Ontario, many people in financial trouble list 407 ETR (the world’s first all-electronic open access toll highway) among their debts when they file a bankruptcy.

Most business owners who are incorporated are now aware that if the company does not pay its various sales taxes, employees’ salaries & vacations and the DAS, etc – then as the administrator of the company you are responsible for the said...

Recently, a number of our clients have been rather shocked to find out that debt they thought was unsecured was, in fact, secured on their home.

Even though bankruptcy laws are the same across the country, personal exemptions are different from province-to-province.