MNP Debt Blog

A new survey conducted by Ipsos on behalf of MNP LTD, shows more than half (54%) of Albertans say they would be embarrassed to get help if their financial situation was bad enough to consider Bankruptcy, more than any other province. Albertans are also...

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

The number of consumer insolvencies per thousand residents in Halifax, aged 18 years or above, decreased to 6.1 in 2017 and then again to 5.8 in 2018.

The number of consumer insolvencies per thousand residents in the area, aged 18 years or above, remained at 2.9 in 2018.

The number of consumer insolvencies per thousand residents, aged 18 years or above, increased to 3.7 in 2018, after declining for the past nine years.

The number of consumer insolvencies per thousand residents in the region, aged 18 years or above, reached 4.5 in 2018 – the highest since tracking began in 1987.

The number of consumer insolvencies per thousand residents in Ottawa, aged 18 years or above, hit 3.8 in 2018 – the highest level since 2013, when it also sat at 3.8.

The number of consumer insolvencies per thousand residents, aged 18 years or above, decreased slightly to 2.2 in 2018.

The rate had been growing since 2012, though it took a dip in 2017 before climbing again in 2018.

The number of consumer insolvencies per thousand residents in PEI, aged 18 years or above, climbed to 6.1 in 2018 after declining for the past three years.