MNP Debt Blog

When eliminating debt, a Consumer Proposal just one of the options outside of bankruptcy. So how do the others stack up?

Canadians are carrying more debt than ever, which has left many wondering if they might be in over their heads.

A combination of high – albeit leveling – debt, a manageable cost of living and low savings has Albertans feeling conflicted about their finances.

Effects of the downturn are becoming clearer as it appears many Albertans relied on savings to offset reduced hours and job losses.

Despite increasing confidence in their current debt situations, a majority of Canadians remain concerned about how they would cope with a significant financial emergency.

According to a recent poll, a combination of high debt and low savings means BC residents would turn to debt if caught off guard by a financial emergency.

A Consumer Proposal is a formal, legally binding process which involves a reduction of unsecured debt, or an extension of time for repayment of the debt or both.

According to a recent Ipsos survey conducted on behalf of MNP LTD., the majority of Ontarians feel they can cover next year’s living expenses without incurring more, despite concern about mounting consumer debt in Canada.

According to a recent Ipsos survey conducted on behalf of MNP LTD., the majority of Manitobans feel they can cover next year’s living expenses without incurring more, despite concern about mounting consumer debt in Canada.

According to a recent Ipsos survey conducted on behalf of MNP LTD., the majority of Atlantic Canadians feel they can cover next year’s living expenses without incurring more, despite concern about mounting consumer debt in Canada.