2025-10-30
Debt traps and financial nightmares
Lifestyle Debt
Many Canadians are stuck in payday loan cycles. Learn how debt traps form, why they’re harmful, and what you can do to escape and regain control.
Why Are Bankruptcy Filings Increasing In Saskatchewan
2014-06-26
Since last year, the Office of the Superintendant of Bankruptcy in Canada reported a 24% increase in the number of filings in Saskatchewan over the same 3 months in 2013 and 2014. This stat seems odd, given the increased economic activity in key industries and markets throughout the province. To understand some of the possible reasons for the jump in filings, Ian Schofield of MNP LTD., a Trustee in Regina for more than 25 years, offers three key reasons why and some countermeasures that can help consumers avoid financial issues.
Next steps:
- Read more articles featured on our MNP Debt Blog
- Learn more about our debt relief solutions
- Locate the closest Saskatchewan office
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Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
