2015-06-26
Author:
In the following article, Ian Schofield, a Bankruptcy Trustee with MNP, discusses the significant increase in filings for bankruptcy or consumer proposals throughout Saskatchewan over the past few months. In fact, according to Schofield, insolvency filings are at the highest level they have been in four years and are expected to continue to increase. Read more here: http://globalnews.ca/news/2050220/insolvency-surges-in-saskatchewan/
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MNP Consumer Debt Index
Nearly half of Albertans (47%, +2 pts) report they are $200 or less away from financial insolvency each month — more than those in any other province — according to the latest MNP Consumer Debt Index.
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MNP Consumer Debt Index
Nearly two-thirds of Quebecers say they desperately need interest rates to go down (63%, -2 pts), according to the latest MNP Consumer Debt Index.
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MNP Consumer Debt Index
Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.
