2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2016-10-18
Author: Grant Bazian
If we told you that many Canadians are struggling with overwhelming debt, would you be surprised? Given the sluggish economy, weakened loonie and increased unemployment, probably not. But if we told you that 56 per cent of Canadians were just $200 away from not being able to pay their debt, would that raise an eyebrow? What if we went one step further to do the math and found that statistic equals out to be 16,182,208* people across the country? Those numbers show millions of people heading into some dangerous territory when it comes to financial security.
The MNP Consumer Debt Sentiment Survey was conducted on behalf of MNP by Ipsos Reid. The original article speaking to the survey’s statistics was originally posted online at Financial Post on September 28, 2016.
* Calculated as 56% of the total adult population of Canada aged 18+ (about 28,896,800).
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
2025-09-02
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.