MNP Debt Blog

As the Canadian economy continues to slump and unemployment grips thousands of households across the country, many Canadians are struggling to keep up with the costs of day-to-day living, let alone manage debt.

Given today’s economic situation, it’s no surprise to learn thousands of Canadian households are struggling and relying on credit to carry them through in a financial pinch. While credit can be an incredible tool, credit reliance can quickly...

While consumer insolvency rates continue to increase in many provinces, consumer insolvencies (bankruptcies and Consumer Proposals) filed in B.C. were down almost 7% from 2015. That’s a good thing isn’t it?

Congratulations! You’ve found your perfect home and qualified for a mortgage. The big work is done now. Or is it?

With the Canadian economy verging on financial crisis, it's no surprise to learn thousands of Canadian households are struggling to keep up with the cost of living, on top of trying to stretch income from one debt payment to the next. In efforts of holding...

With a wavering Canadian economy and unemployment continuing to roll through several Canadian provinces, thousands of households have found themselves struggling to make it from one financial obligation to the next.

According to the Office of the Superintendent of Bankruptcy Canada, bankruptcies in B.C. are in decline. While this may sound like hopeful news in a struggling economy, MNP’s Lana Gilbertson warns this could be a sign of trouble on the horizon for...

After a lifetime of hard work, Canadians entering their 'golden years' deserve all of the freedom one would imagine retirement has to offer. Unfortunately, in today's economic climate, this is not always the case.

This discrepancy between income in / income out has led to a significant increase in insolvency filings throughout the province. Sound familiar?

As the spike in insolvencies continues to rise in communities like Lethbridge throughout the province, now is as good as time as ever to talk about the value of a budget.