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

Latest Blog Posts

2025-11-10

Is some debt good for my company?

Paul Pettigrew

Lifestyle Debt Debt Solutions

Whether operating a small business, or large enterprise, there is a lot at stake for Canadian entrepreneurs.

Read More

2025-11-10

How to keep your peace of mind when navigating interactions with the CRA

Lindsay Burchill

Lifestyle Debt Debt Solutions

These five practical tips can help you navigate interactions with the CRA more smoothly — and keep your peace of mind throughout the process.

Read More

2025-11-07

Consumer Proposal or Bankruptcy? Which one is best for you?

Bethany Stuive

Bankruptcy Consumer Proposal

If you're facing a mountain of debt, you're not alone. There are two viable options available to help you find relief: Consumer Proposal and Bankruptcy. Each approach offers unique benefits that can be tailored to fit your specific financial situation.

Read More

Consultation icon