The latest MNP Consumer Debt Index points to debt trouble in the two provinces, particularly as payment deferrals and government emergency aid programs change or wind down.

The latest MNP Consumer Debt Index points to debt trouble in Quebec as payment deferrals and government emergency aid programs wind down or change.

As the country enters its seventh month of economic disruption, the pandemic recession is putting a spotlight on the divergent experiences of Canadians during COVID.

You’re saving, you’re budgeting for all the costs involved — and you’re nearly ready to put an offer in. But have you factored mortgage default insurance into your calculations?

Managing debt repayment when you’re struggling financially is extremely stressful on its own, but when your creditors start to take a more aggressive approach and enlist the services of a collection agency, that stress can intensify quickly.

We’re asked this question often, largely because of the initial similarities many people see between these two debt solutions.

People are often hesitant to file a Bankruptcy or Consumer Proposal for fear of ruining their credit. They reason they must have excellent credit because they‘ve always made their monthly minimum payments on time.

Bankruptcy is a process that releases you from most of your indebtedness by handing over some of your property. In other words, bankruptcy lets you erase your debts and put an end to your indebtedness within a few months.

When Canadians find themselves in financial trouble, they may wonder about their options and who might be able to help.