2025-01-16
What happens to my savings account during a Consumer Proposal?
MNP Consumer Debt Index
What happens to your savings account during a Consumer Proposal? Learn about the factors impacting what happens to the funds in your savings account.
MNP Consumer Debt Index July 2019 Results Summary
2019-10-24
Canadians Wary and Embarrassed About Seeking Debt Relief
Canadians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking help when they need it. A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Canadians (46%) say they would be embarrassed to get help if their financial situation was bad enough to consider bankruptcy. One-third (31%) of survey respondents say the stigma surrounding bankruptcy prevents them from seeking help.
More than 60 percent (61%) of Canadians who rate their personal debt situation as bad and more than half (54%) who are financially insolvent say they would be embarrassed to ask for help if their financial situation was serious enough to consider bankruptcy.
Debt Index Results July 2019
Press Releases
- National: Canadians Wary and Embarrassed About Seeking Debt Relief
- B.C.: Number of British Columbians Within $200 of Insolvency Every Month Jumps Five Points Since March
- Ontario: Ontarians Wary and Embarrassed About Seeking Debt Relief
- Saskatchewan: Saskatchewan and Manitoba Residents Wary and Embarrassed About Seeking Debt Relief
- Alberta: Albertans Wary and Embarrassed About Seeking Debt
- Atlantic: Atlantic Canadians Wary and Embarrassed About Seeking Debt Relief
- Manitoba: Manitoba and Saskatchewan Residents Wary and Embarrassed About Seeking Debt Relief
Latest Blog Posts
2025-01-13
Escalating financial concerns in Alberta: Nearly three in five fear they can't repay debts despite interest rate cuts, worries over job loss and Bankruptcy increase
MNP Consumer Debt Index
Albertans are feeling more pessimistic about their personal finances heading into 2025, despite declining interest rates.
2025-01-13
MNP Consumer Debt Index plunges to 79 points, the second-lowest level ever recorded
MNP Consumer Debt Index
The latest MNP Consumer Debt Index has dropped to 79 points, a staggering 10-point decline from last quarter.
