MNP's TAKE: As the price of oil continues to drag and Canadians from coast to coast face increased unemployment, many are turning to credit or high risk (which also means high interest) loans to carry them through what they hope to be a short-lived financial pinch.

Given today’s economic climate, thousands of families across Canada find themselves in a delicate balancing act between keeping up with financial necessities while trying to pay down ongoing debt.

MNP LTD Trustee Ian Schofield was interviewed by CTV News Regina to discuss the increase in insolvencies in Saskatchewan. Throughout the interview, Schofield highlights the fact that Saskatchewan is at its highest level of insolvency filings in four years.

Can income taxes owing to the Canada Revenue Agency be included in a bankruptcy?

What happens to income tax debt in bankruptcy?

If I file for bankruptcy, can I keep my car?

If I file a consumer proposal how long will I have to make payments?

Relying on credit to carry you through times of underemployment? Careful! Debt can be more costly than you think!

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.

Spend too much during stampede? No room for your annual vacation? Here are some Calgary debt consolidation options and spending tips.