As the real estate market in British Columbia continues to create demand and increase property value and interest rates sit at rock bottom prices, many home and investment property owners throughout the province have allowed themselves indulgent consumer spending based on the certainty of having value in real estate to fall back on.

According to the Office of the Superintendent of Bankruptcy Canada, bankruptcies in B.C. are in decline. While this may sound like hopeful news in a struggling economy, MNP’s Lana Gilbertson warns this could be a sign of trouble on the horizon for British Columbians.

Can I go bankrupt without meeting a Trustee? I live in a remote location.

A new survey released today by MNP LTD finds that Manitoba and Saskatchewan residents are concerned about the uncertainty of a potential housing bubble and impending interest rate hikes, adding financial stress to households already carrying a record level of debt.

It’s that time of year again. It’s cold, and dark and wintertime. Nothing saws ‘reward me’ like a little shopping and getting yourself that special something to perk up your day.

As Albertans continue to face a difficult economic climate, increased job losses and a dropped loonie, it’s not surprising to learn that debt in the province is on the rise – and consumers are having a difficult time keeping up with their debt payments.

212 individuals and businesses filed either bankruptcies or Consumer Proposals in March 2105, which is the highest number reported in four years.

Marketplace to benefit with MNP resources and personalized debt solutions

If you go bankrupt and you are getting the daycare money (100 a month per kid) and child tax credit do you lose them for a year after?

Hi there I was wonering if my spouse files for personal bankruptcy and I do not and we filed jointly for income taxes would I be responsible for his income tax debt?