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Atlantic Canadians Wary and Embarrassed About Seeking Debt Relief
Joe Wilkie-12558; Joe Wilkie 12558
2019-07-29T14:00:00Z 7/29/2019 2:00:00 PM

A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Atlantic Canadians (47%) say they would be embarrassed to get help if their financial situation was bad enough to consider Bankruptcy. More than a quarter (28%) of survey respondents say the stigma surrounding Bankruptcy prevents them from seeking help.


Categories: Debt Help;Lifestyle Debt
Prince Edward Island Insolvency Rate Increases for the First Time Since 2015
2019-06-13T20:00:00Z 6/13/2019 8:00:00 PM

The number of consumer insolvencies per thousand residents in PEI, aged 18 years or above, climbed to 6.1 in 2018 after declining for the past three years.


Categories: Bankruptcy;Consumer Proposal
Are RRSPs Affected by Bankruptcy?
Tara Silliker-12706; Tara Silliker 12706
2017-02-23T17:00:00Z 2/23/2017 5:00:00 PM

An RRSP is an asset of a bankruptcy estate, however subject to exemptions provided by both provincial and federal legislation. It is the exemptions afforded a bankrupt that permits an individual to retain certain assets, while permitting them to access bankruptcy proceedings and obtain relief from their burdening debt.


Categories: Bankruptcy

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