MNP Debt Blog

If you are experiencing overwhelming debt loads, severely reduced income, unexpected job loss, or depleted savings, you may be wondering if Bankruptcy is right for you.

Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.

As interest rates move upwards and the cost of living remains a challenge for households, the proportion of Canadians who report being insolvent has reached an all-time high, according to the latest MNP Consumer Debt Index.

With interest rates rising and borrowing costs remaining a challenge for households, the proportion of Quebecers who feel anxious about debt has reached an all-time high.

Amid rising interest rates moving upwards and a challenging cost of living for households, the proportion of Albertans who are concerned about their ability to pay their debts has reached an all-time high.

With rising interest rates and the cost of living remaining a challenge for B.C. households, the proportion who report being close to insolvency has spiked.

With rising interest rates and high borrowing costs remaining a challenge for households, Atlantic Canadians are feeling more pessimistic about their debt than any other province, according to the latest MNP Consumer Debt Index.

Amid rising interest rates and a challenging cost of living, the proportion of Ontarians who report being insolvent has reached an all-time high, according to the latest MNP Consumer Debt Index.

With rising interest rates and high borrowing costs remaining a challenge for households, Atlantic Canadians are feeling more pessimistic about their debt than any other province, according to the latest MNP Consumer Debt Index.