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More than half (52%) of Albertans within $200 of financial insolvency; up 10 points since December
08/04/2021
Donna Carson
MNP Consumer Debt Index
More than half (52%) say they are $200 or less away from not being able to meet all of their bills and debt obligations each month, a whopping 10-point jump from December. This includes three in 10 (31%, +6pts) who report they are already insolvent with...
Read More arrow_forwardWhy earlier is always better when discussing money with your children
01/04/2021
Randy Kobbert
Lifestyle Debt
We may not always agree with our parents, but we are undoubtedly influenced by their habits, attitudes, and points of view. The norms and traditions of our upbringing can have lasting impacts on everything from the kind of laundry detergent we prefer...
Read More arrow_forwardJanuary Debt Index Update (MNP 3 Minute Debt Break)
04/02/2021
MNP Consumer Debt Index
Will my ICBC debt go away if I file a bankruptcy?
16/02/2021
Bankruptcy
Bankruptcy can provide relief for most types of consumer debt, save for a few noteworthy exceptions. Therefore, you can — in most cases — include a debt owing to the Insurance Corporation of British Columbia (ICBC) in a bankruptcy. However,...
Read More arrow_forwardNew Brunswickers among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
08/04/2021
Tara Silliker
MNP Consumer Debt Index
Common myths and misconceptions about Bankruptcy
19/02/2021
Jeane Herman
Bankruptcy
Unmanageable debt is stressful enough without the persistent half-truths and complete inaccuracies that prevent people from getting the relief they need and deserve. Bankruptcy, more than any other debt solution, often seems to be the target of these...
Read More arrow_forwardLife in the Atlantic Bubble – Insolvency Practice and Realization on Assets
24/02/2021
Greg Gosse
COVID-19
Managing insolvency engagements within the new reality of the Bubble impacted engagements when travel was required from individuals outside the Bubble. The creation of the Bubble affected interaction with other professionals – such as lawyers,...
Read More arrow_forwardMore than half (53%) of British Columbians within $200 of insolvency; up 14 points since December, reaching a five-year high
08/04/2021
Linda Paul
MNP Consumer Debt Index
Over half (53%) of Quebecers within $200 of financial insolvency; up six points since December
07/04/2021
Frederic Lachance
MNP Consumer Debt Index
Fifty-three percent say they are $200 or less away from not being able to meet all of their monthly bills and debt obligations, a six-point jump from December. This includes three in 10 (30%, +3pts) who report already being insolvent with no money left...
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