2026-06-11
Life after debt: What’s next and how to avoid repeating debt
What happens after a Consumer Proposal or a Bankruptcy? These steps can help you rebuild your credit rating and manage your credit effectively.
MNP LTD, a division of the national accounting firm MNP LLP, is the largest insolvency practice in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees (LITs) and advisors have been working with individuals to help them recover from times of financial distress and regain control of their finances. With more than 230 offices from coast-to-coast, MNP has resident LITs in all provinces who help thousands of Canadians each year who are struggling with an overwhelming amount of debt. To read some of our recent releases, click here.
A Licensed Insolvency Trustee is available for media requests in all Canadian provinces and in most city centers.
For media representatives who would like to speak with one of our experts, contact:
Angela Joyce
Media Relations
P: 403-681-9286
E: [email protected]
The MNP Consumer Debt Index is a survey of at least 2,000 Canadians that measures sentiments toward their consumer debt and gauges their ability to pay bills, endure unexpected expenses and absorb interest rate fluctuations without approaching insolvency. Conducted by Ipsos and updated quarterly, the Index is an industry-leading barometer of financial pressure or relief among Canadians. It can help determine whether someone is in debt trouble, how bad it might be and the options available to address those issues before they get even worse. It also seeks to reduce the persistent stigma around formal debt solutions such as Bankruptcy and Consumer Proposals. MNP Licensed Insolvency Trustees and the survey results are frequently quoted in local and national media across the country and have been referenced in provincial party press releases and even cited during question period in the House of Commons.
2026-06-11
What happens after a Consumer Proposal or a Bankruptcy? These steps can help you rebuild your credit rating and manage your credit effectively.
2026-06-09
It can be overwhelming to find out you owe the CRA a large amount of money. These debt relief options can help you regain control of your finances.
2026-06-09
Getting a call from the Canada Revenue Agency (CRA) can be unsettling. If the call is about collections, the stress level often jumps immediately. You may worry about frozen accounts, garnishments, or losing control of your financial situation.