MNP Debt Blog
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Consumer Proposal vs. Bankruptcy: What’s the difference?
29/10/2021
Marianne Steele-MacSween
Lifestyle Debt
Debt Solutions
Consumer Proposal
Bankruptcy
Many Canadians may find themselves overburdened with debt due to various factors beyond their control.
Read More arrow_forwardWhat is a debt management program and is it better than Bankruptcy?
22/04/2021
Michelle Scheller
Alternatives to Bankruptcy
Bankruptcy
Consumer Proposal
For many people, the stress and uncertainty surrounding the pandemic has only served to compound existing financial difficulties. Loss of income and rising debt loads are adding to the stress and forcing individuals to look at options they never thought...
Read More arrow_forwardNova Scotians among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
08/04/2021
Tina Powell
MNP Consumer Debt Index
More than half (52%) of Albertans within $200 of financial insolvency; up 10 points since December
08/04/2021
Donna Carson
MNP Consumer Debt Index
More than half (52%) say they are $200 or less away from not being able to meet all of their bills and debt obligations each month, a whopping 10-point jump from December. This includes three in 10 (31%, +6pts) who report they are already insolvent with...
Read More arrow_forwardNewfoundlanders among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
08/04/2021
Greg Gosse
MNP Consumer Debt Index
Prince Edward Islanders among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
07/04/2021
Walter MacKinnon
MNP Consumer Debt Index
Six in 10 (59%) Manitoba and Saskatchewan residents within $200 of financial insolvency; up 16 points since December, reaching a five-year high
08/04/2021
Tanya Reynolds
MNP Consumer Debt Index
Six in 10 (59%) say they are $200 or less from not being able to pay all their bills and debt obligations each month — a whopping 16-point jump from December and the highest compared to the other provinces. This includes three in 10 (31%, +10pts)...
Read More arrow_forwardSix in 10 (59%) Saskatchewan and Manitoba residents within $200 of financial insolvency; up 16 points since December, reaching a five-year high
08/04/2021
Pamela Meger
MNP Consumer Debt Index
Six in 10 (59%) say they are $200 or less from not being able to pay all their bills and debt obligations each month — a whopping 16-point jump from December and the highest compared to the other provinces. This includes three in 10 (31%, +10pts)...
Read More arrow_forwardMore than half (54%) of Ontarians within $200 of financial insolvency; up 13 points since December, reaching a five-year high
08/04/2021
Caryl Newbery-Mitchell
MNP Consumer Debt Index
More than half (54%) say they are $200 or less from not being able to cover their monthly bills and debt obligations, a whopping 13-point jump from December. Compared to the other provinces, Ontarians are the most likely (32%, +10pts) to report they are...
Read More arrow_forwardMNP Consumer Debt Index - July 2021 Update (MNP 3 Minute Debt Break)
04/08/2021
MNP Consumer Debt Index
The latest debt index finds almost half of households are not confident they’ll be able to cover all living and family expenses in the next 12 months without taking on more debt. In fact, the proportion of Canadians who report being insolvent and...
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