MNP Debt Blog
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COVID-19 Rule Changes Now Allow for Virtual Bankruptcies and Consumer Proposals
08/06/2020
Grant Bazian
Bankruptcy
Consumer Proposal
Alternatives to Bankruptcy
COVID-19
Canadians are facing a lot of uncertainty right now. With a sudden economic downturn and many businesses shuttered due to social distancing measures, millions have found themselves out of work and unable to pay their debts.
Read More arrow_forwardIs Bankruptcy the answer to your tax debt?
11/05/2020
Mary Plahouras
Bankruptcy
Few things strike fear in a person’s heart like tax debt. There’s a long-held belief that you can’t fight the government, so most people resign to not even bother.
Read More arrow_forwardShould Debts To Family And Friends Be Included In A Bankruptcy?
07/11/2019
Linda Paul
Consumer Proposal
Bankruptcy
Owing money to a family member or friend can spark anxiety. You may believe you don’t have to include these types of debts in a Bankruptcy or Consumer Proposal.
Read More arrow_forwardIs The Stigma Of Debt Preventing You From Getting The Help You Need?
30/10/2019
Tina Powell
Consumer Proposal
Bankruptcy
Often, people are uncomfortable speaking openly about their debt and its impact on their personal well-being.
Read More arrow_forwardOntario Consumer Insolvencies Jump 13 Percent In The Second Quarter, One Of The Highest Increases In The Country
20/08/2019
David Gowling
Bankruptcy
August 20, 2019 – Underscoring Ontarians' financial vulnerabilities when it comes to debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the...
Read More arrow_forwardNewfoundland And Labrador Consumer Insolvencies Jump 22 Per Cent In The Second Quarter, The Highest Increase In The Country
20/08/2019
Greg Gosse
Bankruptcy
Underscoring financial vulnerabilities in Newfoundland and Labrador when it comes to consumer debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the...
Read More arrow_forwardCash Strapped Canadians May Be Treating Homes Like Atms To Pay Bills
20/08/2019
Grant Bazian
Bankruptcy
Home equity lines of credit (HELOCs) have emerged as one of the biggest contributors to the growth of household debt in Canada, particularly in markets where real estate values have surged over the last decade. The latest data from the Office of Superintendent...
Read More arrow_forwardBritish Columbia Consumer Insolvencies Jump 11 Per Cent In The Second Quarter
20/08/2019
Bankruptcy
Underscoring British Columbians' financial vulnerabilities when it comes to consumer debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the province....
Read More arrow_forwardManitoba Consumer Insolvencies Jump 15 Percent In The Second Quarter
20/08/2019
Bankruptcy
Underscoring Manitobans' financial vulnerabilities when it comes to consumer debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the province. The...
Read More arrow_forwardNova Scotia Consumer Insolvencies Up 16 Per Cent In The Second Quarter
20/08/2019
Bankruptcy
Underscoring financial vulnerabilities in Nova Scotia when it comes to consumer debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the province. The...
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