MNP Debt Blog

A Licensed Insolvency Trustee (LIT) is an insolvency professional who has been licensed by the Superintendent of Bankruptcy in Canada to help individuals and businesses who are having difficulty paying their debt, administer Consumer Proposals and Bankruptcies...

Inflation is the measure of the rising price of certain goods and services. Statistics Canada measures it from month to month, based on a basket of goods that represents what a typical consumer would normally purchase.

According to a recent Ipsos poll conducted by MNP LTD., pocketbooks across Manitoba are continuing to get lighter as a result of recent interest rate increases.

A huge portion of residents of Saskatchewan and Manitoba are concerned about their level of debt and their ability to meet their payment obligations.

I doubt that mental health was on the minds of legislators when the Bankruptcy and Insolvency Act (BIA) came into effect in 1950.

Canadians are feeling worse about their consumer debt and personal finances than was the case just three months ago.

Canadians are feeling worse about their consumer debt and personal finances than was the case just three months ago.

According to a recent Ipsos poll conducted by MNP LTD., a growing number of Canadians are inching closer to insolvency – with the proportion who are $200 or less from being able to pay their bills each month (46%) rising six points since September....

MNP Consumer Debt Index: July 2018 Results Summary

Canadians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking help when they need it.