MNP Debt
140 Meadowood Dr 5A R2M5L8 Winnipeg, MB, Canada

Every day our Licensed Insolvency Trustees work with people who have experienced debt problems in every way imaginable. But for every story, there was always a solution, hope, and most importantly, a chance to start over again. #LifeHappens #DefeatDebt

Our Interactive Video, Debt Calculator, Debt Scale, and Budget Tracker DIY Debt Solution tools can be great first steps in assessing a difficult financial situation. Every road toward debt freedom begins with knowing where you are today. #DIYdebtsolutions #DefeatDebt

No matter your repayment strategy, every road toward debt freedom begins with knowing where you are today. The MNP Debt Calculator considers the value of your assets and outstanding debts, along with interest rates and repayment schedules to help you determine your options, timelines and applicable costs of each. #RecoverRestructureRestore #DIYdebtsolutions

Happy Mother's Day from everyone at MNP Debt!

Parenthood happens differently for everyone. Yet no matter how it comes about, it will always change your life forever. Not surprisingly one of the biggest & most immediate impacts of becoming a parent will be on your finances. So, what's next? #DefeatDebt #RecoverRestructureRestore

The ongoing uncertainty and instability caused by the COVID-19 pandemic have many people concerned about their financial circumstances. But managing debt is something you should always be thinking about no matter what is happening around you in the world and even after the pandemic subsides. Here's our latest episode of MNP Debt Break Podcast here: #MNPDebtBreak #Podcasts

Canadians' concerns about their finances hit pandemic high yet low rates are driving them to take on more debt. #MNPcdi

The level of confidence Canadians have in their ability to manage debt has reached an all-time low, according to MNP’s most recent Consumer Debt Index. #MNPcdi

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

When a growing number of people feel like they can’t afford living expenses without taking on more debt, it usually signals even more financial upheaval is on the horizon. This is particularly concerning with so much uncertainty still ahead. #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:

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:

Bank of Canada maintains interest rate, but how does this impact us as Canadians? Low interest rates may be providing unwarranted comfort. Some risk being lulled into a false sense of security that will put them in a debt trap, cautions Bazian. When people try to manage their financial turmoil by taking on additional debt, the results can be disastrous. It’s like trying to fill one hole by digging another. With interest rates at an all-time low, six in 10 (61%) feel now i...s a good time to buy things they otherwise might not be able to afford. Nearly half (47%) say they’re more relaxed about carrying debt than they usually are. This may be why fewer (22%) say they are losing sleep due to COVID-19 economic concerns (-12 since June) or the recession (20%, -5 since June). Read more on MNPdebt.ca/CDI #MNPcdi

The MNP Consumer Debt Index has dropped five points since September to stand at 89 points. This is both the lowest level ever recorded and the largest quarterly decline since the Index launched in June 2017. The record low was largely fuelled by Canadians’ negative perceptions of their personal finances, current household debt levels, and concerns about weathering unexpected setbacks without taking on more debt. #MNPcdi

Is your financial situation getting you down this Blue Monday? #MNPDebt can help. Read our latest blog on what is different about #BlueMonday2021 here: https://mnpdebt.ca//mnp-debt-blog/whats-different-about-bl #BlueMonday #DefeatDebt

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

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: