Statistics Show What We Already Know Albertans Are Struggling

2017-02-13

Author: Vicky Samuels

Bankruptcy

As thousands of households across the province continue to grapple with the difficult realities of unemployment, many have run through their severance and / or unemployment insurance and have spent weeks, even months relying on credit to pull them through the costs of day-to-day living. While credit can be an incredible tool in a pinch, credit reliance can quickly spiral into a cycle of debt that may seem impossible to get out of. For this reason, more and more households are investigating viable debt solutions. MNP’s Vicky Samuels recently discussed the increase in bankruptcies filed throughout the province withDiscover Airdrie in an original article published online on February 1, 2017. ​

Vicky Samuels

Vicky Samuels

CIRP, LIT

Senior Vice President

Servicing: Calgary (Downtown), Red Deer, Drumheller, Calgary (NE), Airdrie

Latest Blog Posts

2025-08-01

Transferring Assets Before Bankruptcy: Why You Should Consult a Trustee

Wesley Cowan

Bankruptcy

If you’re struggling with your finances and heading toward bankruptcy, you may think it makes sense to sell or transfer some of your assets.

Read More

2025-06-30

Who Can File For Bankruptcy

Linda Paul

Bankruptcy

There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.

Read More

2025-04-25

Top five mistakes to avoid when considering filing for bankruptcy

Jean-Francois Cliche

Bankruptcy

Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future. 

Read More

Consultation icon