Personal Bankruptcy On The Rise

With increased unemployment spreading throughout the prairies and B.C, many are struggling to keep up with day-to-day expenses and find themselves more reliant on credit than they would like to be. While credit can be an incredible tool in a financial pinch, as a long-term solution, it can come with some pricey consequences. With no reserve or contingency money set aside, many people are finding themselves struggling from one debt payment to the next. And where do you go from there? MNP LTD Trustee Darrin Surminsky was interviewed by the Capital News to discuss the Okanagon's increase in bankruptcies. The original article was originally posted online on theCapital News on July 2, 2016. ​