MNP Debt
401 Coopers Blvd SW 311 T4B4J3 Airdrie, AB, Canada

Budgeting involves a few things: planning out your paycheques and how to spend them, planning for monthly expenses and planning for irregular or annual expenses. Check out the MNP Debt Budget Tracker today to get started. #DefeatDebt #DIYDebtSolutions

With the first season of the MNP 3 Minute Debt Break podcast wrapping up, we're looking back at a few of our most informative episodes. Subscribe to MNP 3 Minute Debt Break on your favourite streaming service today for more episodes. #DefeatDebt

MNP’s interactive explainer video offers clear, engaging and simple explanations. This self-directed learning opportunity puts the power in your hands, so you can learn on your time, on your terms and in the order that best suits you. #DefeatDebt #DIYDebtSolutions

Thank you for listening to the MNP LTD. 3 Minute Debt Break podcast. We hope the tips, insights, and analysis have helped you stay informed and on top of your finances. Great news, season two is on its way! Haven’t listened to season one yet? Click the link below to catch up and subscribe right now. #DefeatDebt https://mnpdebt.ca//resour/mnp-3-minute-debt-break-podcast

Thank you for listening to the MNP LTD. 3 Minute Debt Break podcast. We hope the tips, insights, and analysis have helped you stay informed and on top of your finances. Great news, season two is on its way! Haven’t listened to season one yet? Click the link below to catch up and subscribe right now. #DefeatDebt

There’s no one-size-fits-all strategy for getting out of debt. The MNP Debt Scale dives into your financial situation to understand what’s getting in the way of reaching your short- and long-term goals. Take the quiz today. #DefeatDebt #DIYDebtSolutions

Canadians who received pandemic benefits will have up to a year to pay back any debt from those benefits without interest, CBC News has confirmed. Source: CBC

Bankruptcy can provide relief for most types of consumer debt, save for a few noteworthy exceptions. Therefore, you can in most cases include a debt owing to the Insurance Corporation of British Columbia (ICBC) in a bankruptcy. However, each situation is different and ICBC will take a position based on the facts of each file. Read more: #DefeatDebt

As pandemic-related economic pain and wage losses continue, there are signs 2020’s financial stressors will likely continue into 2021. Now in its fifteenth wave, the MNP Consumer Debt Index has dropped to 89 points, the lowest point since it was introduced in June 2017. Listen here: #MNPDebtBreak #Podcast #MNPcdi

The total number of insolvencies (bankruptcies and proposals) in Canada decreased by 2.9% in November 2020 compared to the previous month. Bankruptcies decreased by 4.2% and proposals decreased by 2.2%. Read the Insolvency Statistics in Canada - November 2020 report here:

Every family’s path is different. This #FamilyDay, celebrate debt free. #DefeatDebt

Treat that special someone with the gift of financial freedom this Valentine’s day. #DefeatDebt

Canadian Seniors Racked Up $408 Million More In Reverse Mortgage Debt This Year. Read more:

This recent acquisition increases MNP’s local consumer Insolvency presence to a total of 76 locations across Ontario. To contact Beth and her team or to learn more about MNP LTD’s life-changing debt solutions visit www.MNPdebt.ca. Read more:

The total number of insolvencies (bankruptcies and proposals) in Canada decreased by 7.4% in December 2020 compared to the previous month. Bankruptcies decreased by 3.0% and proposals decreased by 9.7%. Read more:

Effective January 1, 2021 MNP LTD. has acquired Beth Maynard & Associates Inc, a Personal Insolvency practice based in Sudbury, Ontario. Read more:

We are thrilled to welcome Beth Maynard to MNP Ltd.’s Insolvency team based in Sudbury, Ontario. To contact Beth Maynard, please visit: https://mnpdebt.ca/en/personnel/beth-maynard

Happy New Year from the #MNPDebt team! Make living debt free your 2021 New Year's resolution. #DefeatDebt

Bankruptcies down, unemployment up? The curious case of 2020 insolvency data. Source: The Lawyer's Daily

Canada's mortgage arrears rate reaches highest level since 2017. Read more:

For many Canadians this year has been a challenge. Families have been hit hard by the pandemic, and for many, health concerns linger. Financially it has been tough as jobs were lost and lockdowns persist. Government programs and bailouts were the financial lifeline to families in need; however, if you don't plan for it properly it could become the anchor that sinks you in 2021.

Canadians now owe $1.71 for every dollar they have to spend, StatsCan says:

Happy Holidays from the #MNPDebt team! Give yourself the gift of financial freedom this holiday season. #DefeatDebt

We love the holidays here at MNP. But we hate the stress and financial difficulties it brings to millions of Canadian households every year. There are great ways to enjoy the festive season without breaking the bank and we love sharing them with you. That’s why out team comes together to bring you our 24 best tips to enjoy the holiday season without going into debt. Many of this year’s tips are new twists on old favourites. A couple are unique to our (hopefully one-off) pandemic-afflicted year. All are guaranteed to help you reframe how you spend money and prepare for future holiday seasons. Click here to see the full list, and be sure to let our team know which ones resonated most for you!

Day 24 of 24 debt saving tips: Start planning for next year. https://mnpdebt.ca/en/holiday-tips/december-24 #MNPDebtHolidayTips

The pandemic unexpectedly saved thousands from financial ruin. But there's a reckoning on the horizon.

Day 23 of 24 debt saving tips: Begin your debt-free resolution today. https://mnpdebt.ca/en/holiday-tips/december-23 #MNPDebtHolidayTips

Three smart money management moves to make before year-end: Source: BNN Bloomberg Read more:

The total number of insolvencies (bankruptcies and proposals) in Canada increased by 6.1% in October 2020 compared to the previous month. Bankruptcies increased by 3.9% and proposals increased by 7.4%.

Here's what 3.1 million Canadians did after taking advantage of payment deferrals. Read more:

Day 22 of 24 debt saving tips: Look up leftovers recipes. https://mnpdebt.ca/en/holiday-tips/december-22 #MNPDebtHolidayTips

Grant Bazian shares findings from MNP’s Consumer Debt Index that signals debt trouble may be on the horizon. Share this article: #MNPcdi

Day 21 of 24 debt saving tips: Double check your list. https://mnpdebt.ca/en/holiday-tips/december-21 #MNPDebtHolidayTips

Day 20 of 24 debt saving tips: Get creative https://mnpdebt.ca/en/holiday-tips/december-20 #MNPDebtHolidayTips

Canadians are back to borrowing at pre-pandemic levels. Read more:

Day 19 of 24 debt saving tips: Reap the ultimate cash back reward. https://mnpdebt.ca/en/holiday-tips/december-19 #MNPDebtHolidayTips

Bank of Canada keeping close eye on household debt as pandemic drags on, deputy says.

Day 18 of 24 debt saving tips: Share the load. https://mnpdebt.ca/en/holiday-tips/december-18 #MNPDebtHolidayTips

Day 17 of 24 debt saving tips: Make a plan to get out of debt. https://mnpdebt.ca/en/holiday-tips/december-17 #MNPDebtHolidayTips

Day 16 of 24 debt saving tips: Values instead of value. https://mnpdebt.ca/en/holiday-tips/december-16 #MNPDebtHolidayTips

Day 15 of 24 debt saving tips: Regift. https://mnpdebt.ca/en/holiday-tips/december-15 #MNPDebtHolidayTips

Not quite as high as it has ever been - but debt levels are starting to increase it appears. If you are wondering how you yourself will manage your debt, ensure that you reach out to a licensed professional, such as MNP Debt and our Licensed Insolvency Trustees. We will review all the options with you so that you have information as to what options are available to you before it becomes unmanageable. #LiveDebtFree

Day 14 of 24 debt saving tips: Stay home. https://mnpdebt.ca/en/holiday-tips/december-14 #MNPDebtHolidayTips

Day 13 of 24 debt saving tips: Manage your energy consumption. https://mnpdebt.ca/en/holiday-tips/december-13 #MNPDebtHolidayTips

Day 12 of 24 debt saving tips: Keep it small. https://mnpdebt.ca/en/holiday-tips/december-12 #MNPDebtHolidayTips

Day 11 of 24 debt saving tips: Avoid rush shipping costs. https://mnpdebt.ca/en/holiday-tips/december-11 #MNPDebtHolidayTips

Happy Hanukkah from everyone at #MNPDebt! Take the time to light your path to financial freedom.

Day 10 of 24 debt saving tips: Make a list. https://mnpdebt.ca/en/holiday-tips/december-10 #MNPDebtHolidayTips

The effects of debt can vary from person to person. You might worry over a $1,000 credit card debt, while your friend might not give a second thought until it’s in the tens of thousands. But carrying debt can be hard on anyone and have damaging effects on household health. #DefeatDebt

The Bank of Canada opted to keep its benchmark interest rate steady at 0.25 per cent on Wednesday, noting that Canada's economic recovery from COVID-19 is proceeding in line with expectations. Read more:

Day 9 of 24 debt saving tips: Curb the urge to splurge. https://mnpdebt.ca/en/holiday-tips/december-9 #MNPDebtHolidayTips

#LifeHappens It's true. But never forget, you're not alone. Every day our Licensed Insolvency Trustees work with people who have experienced debt problems in every way imaginable. This is their stories about situations that got out of control leaving clients feeling scared, alone and exhausted. But for every story, there was always a solution, hope, and most importantly, a chance to start over again. Learn more:

Getting a divorce is often about making a fresh start, emotionally and financially. If you have debt in your relationship and are considering filing for divorce or if you are experiencing a financial crisis because of a separation meeting with a Licensed Insolvency Trustee can provide you with options. Subscribe to MNP 3 Minute Debt Break on your favourite streaming service. #MNPDebtBreak #DefeatDebt #MNPDebtBreakPodcast #Podcast

Day 8 of 24 debt saving tips: Eliminate the guesswork. https://mnpdebt.ca/en/holiday-tips/december-8 #MNPDebtHolidayTips

Meet Remy Gayanilo. Remy has over 15 years of experience working in insolvency. She specializes in helping people who may be going through a bankruptcy and to understand their options, rights and responsibilities. She has several years experience reviewing consumer proposals, and also assisting people who have high income tax debts and the responsibilities around that in an insolvency process. Remy is also a qualified insolvency counsellor, assisting people to understand the cause of insolvency, the budgeting process, and how to start to rebuild their financial path. Remy is fluent in Tagalog as well. Libre at Confidential Na Consultation, Tumawag sa 310.Debt (3328). For more information on our website, www.mnpdebt.ca. #LiveDebtFree

Day 7 of 24 debt saving tips: Shop with precision. https://mnpdebt.ca/en/holiday-tips/december-7 #MNPDebtHolidayTips

Day 6 of 24 debt saving tips: Leave the plastic at home. https://mnpdebt.ca/en/holiday-tips/december-6 #MNPDebtHolidayTips

Day 5 of 24 debt saving tips: Look for bargains. https://mnpdebt.ca/en/holiday-tips/december-5 #MNPDebtHolidayTips

Meet Vicky Samuels, CIRP, LIT. Vicky is a Licensed Insolvency Trustee in our group, and she oversees our Airdrie location. Vicky has over 19 years of experience in insolvency and restructuring engagements. She is a qualified insolvency counsellor as well. With an understanding and professional approach, she offers a variety of options to individuals looking for a fresh start from their debt. If you are struggling with your personal or small business debt in Airdrie, give Vicky a call to set up a time to review your options. You can reach her through our main number at 310.Debt (3328) to set up a free, confidential consultation. For more information on our website, visit www.mnpdebt.ca. #LiveDebtFree

Like many of the topics we tackle at MNP, the unfortunate answer here is it depends on why you want to use your credit card and what your plan is to pay it off. #DefeatDebt

Day 4 of 24 debt saving tips: Gift an act of service.https://mnpdebt.ca/en/holiday-tips/december-4 #MNPDebtHolidayTips

Thank you Chelsea Petterson for mentioning our services in your informative discussion about Bankruptcies and the attached stigma. #DefeatDebt

Day 3 of 24 debt saving tips: Set a limit. https://mnpdebt.ca/en/holiday-tips/december-3 #MNPDebtHolidayTips

Day 2 of 24 debt saving tips: Draw names. https://mnpdebt.ca/en/holiday-tips/december-2 #MNPDebtHolidayTips

People are often hesitant to file a Bankruptcy or Consumer Proposal for fear of ruining their credit. They reason they must have excellent credit because they‘ve always made their monthly minimum payments on time. But this is often an illusion based on a fundamental misunderstanding of how credit scoring works. #DefeatDebt

Day 1 of 24 debt saving tips: Cap your spending. https://mnpdebt.ca/en/holiday-tips/december-1

Our Licensed Insolvency Trustees came together (virtually) to brainstorm 24 brand new tips to help save you money and ease the stress of this unconventional shopping season. Whether this is your first introduction to our Debt Savings Advent Calendar, or you’ve used our tips before we trust you these ideas will make the coming weeks more enjoyable, more affordable, and fill your heart with the spirit of the season. #MNPDebtHolidayTips

Do you ever feel like no matter how much you streamline your budget, cut back on discretionary spending, and avoid impulse purchases you just can’t seem to get ahead? The issue may not be your budget. Rather, a few sneaky inefficiencies around the house could be robbing you of anywhere from $1,000 to $10,000 every year. Learn more: https://mnpdebt.ca//these-hidden-household-costs-could-be- #DefeatDebt

The poll findings come from the MNP Consumer Debt Index, a quarterly survey that takes the temperature of Canadians’ finances. The index is currently at its second-lowest result of 94 points (the weaker the score, the worse Canadians are feeling about their debt). #MNPcdi

A growing number of Albertans reported more financial trouble as the province entered its seventh month of economic disruption amid the COVID-19 pandemic.#MNPcdi

While some are fortunate to continue working from home in their present jobs, others are struggling with financial uncertainty and not knowing whether their job will still be around after the pandemic, says Grant Bazian, president of insolvency firm MNP, in a release. #MNPcdi

The fact is, debt happens to good people, but don't let it take over. #DefeatDebt

Now that you’ve been discharged from Bankruptcy / completed your Consumer Proposal and rebuilt your credit, you’re keen to take the next step toward home ownership. You’re saving, you’re budgeting for all the costs involved and you’re nearly ready to put an offer in. But have you factored mortgage default insurance into your calculations? Learn more: #DefeatDebt

Did you know? Every MNP 3 Minute Debt Break episode delivers one key money management tip in less time than it takes to brew yourself a cup of coffee. You can stream our Podcast on several streaming platforms: linktr.ee/MNPDebtPodcast

Find out how a Consumer Proposal can help you eliminate your debt and gain control over your financial future. #DefeatDebt

We are thrilled to be recognized in the 2020 Canadian Lawyer Readers' Choice Awards five times, including in the category of Trustees in Bankruptcy/Restructuring Services. MNP is proud of the recognition of our dedicated team members, and to support Canadian legal professionals. To learn more, visit:

There’s ample evidence showing post-secondary education can support higher income potential and lifestyle goals that otherwise may not be achievable. As parents, this option may not have been available to us, and consequently want our children to have opportunities we couldn’t enjoy. How can you send kids to school without breaking the bank? Read more: #DefeatDebt

So proud of our team at MNP Debt (Airdrie) and the surrounding area to be included with 4 other MNP service lines in this recognition. Great job to our insolvency team. We really do take pride in our client service, with helping people who may be struggling with debt, and helping business owners who are struggling. We are always here, but in our current economy in particular.

Take this quick 14 question survey for you to learn more about your debt health. Based on your answers, we will provide steps you can take to either help you achieve or continue living your debt-free future. #DebtScale #DIYDebtSolutions #DefeatDebt

We remember. #RemembranceDay

With pent-up demand and low borrowing costs driving demand in the Canadian housing market, first-time homebuyers are looking to get their foot in the (homeownership) door. However, according to BMO's latest release on the housing market, many indicate they will look for help from family to get there. And with COVID as a backdrop, first-time buyers say the pandemic will influence the type of mortgage they choose. Read more:

There’s no one-size-fits-all strategy for getting out of debt. Your goals, financial and family circumstances are unique, and all deserve consideration in determining your best path forward. Check out some of our self-assessment and self-help tools here: www.MNPdebt.ca/DIY

A new study says many Canadian entrepreneurs are focused on shoring up their balance sheets after recording a drastic drop in revenues and mounting debt during the first wave of COVID-19. Read more: