2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
Canadian Household Debt
2015-10-02
According to Statistics Canada, households in Canada had the highest debt level ever when measured as a portion of disposable income in 2015’s second quarter. The ratio of household credit market debt to disposable income rose from 163% in Q1 to 164.6% in Q2. This means that for every dollar of disposable income households brought in, they owed almost $1.65. As interest rates have fallen in the country, more Canadians have gone further and further into debt. MNP LTD TrusteeLana Gilbertson talks to Business Vancouver in an article about the amount of debt many Canadian families are dealing with and how they are looking for feasible debt solutions. The original articlehttps://www.biv.com/article/2015/9/canadian-household-debt-ratio-hits-highest-level-r/ was originally posted online on Business Vancouver on September 11, 2015.
Latest Blog Posts
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
