2025-10-13
Managing debt through divorce: What to consider
Debt Solutions Lifestyle Debt
When relationships end, shared debt can become a lasting burden. Here’s what to know about your responsibilities, risks, and financial options.
Insolvency Filings In Saskatchewan Increase To Highest Level In Four Years
2015-06-05
Author:
212 individuals and businesses filed either bankruptcies or Consumer Proposals in March 2015, which is the highest number reported in four years. A chart of the number of filings over the last six months below indicates a fairly steadily increasing trend. Also of note is that proposals accounted for almost half of total filings in the month, which is consistent with our experience that proposals are representing an ever increasing percentage of filings.
This increase may be attributed to several factors, including:
- The slowdown in the Saskatchewan oil patch due to the drop in oil and gas prices
- The fact that the farm sector is also slowing down a bit as prices have returned to more historical levels
- The increasing number of retired folks who have either retired with debt or taken on debt to assist their children
- The fact that many people are more aware of the options when they experience financial difficulty and are quick to respond (often by filing a proposal)
Right now, it’s expected the trend of increasing filings will continue over the balance of this year.
Latest Blog Posts
2025-10-06
Ontarians face ‘heat or eat’ decisions as financial strain deepens
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
2025-10-06
Report: Saskatchewan and Manitoba residents’ financial cushion shrinks as more edge closer to insolvency
MNP Consumer Debt Index
The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency.
