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Life in the Atlantic Bubble – Insolvency Practice and Realization on Assets

Managing insolvency engagements within the new reality of the Bubble impacted engagements when travel was required from individuals outside the Bubble. The creation of the Bubble affected interaction with other professionals – such as lawyers, courts, appraisers, auctioneers and most importantly, buyers of assets.

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Debt consolidation vs. consolidating credit: What’s the difference?

Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.

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Common myths and misconceptions about Bankruptcy

Unmanageable debt is stressful enough without the persistent half-truths and complete inaccuracies that prevent people from getting the relief they need and deserve. Bankruptcy, more than any other debt solution, often seems to be the target of these myths and misconceptions. Yet it is often the most cost effective, affordable, and fastest path to relief for many Canadians.

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MNP Consumer Debt Index reveals declining financial confidence and increasing debt concerns among Nova Scotians as a result of the pandemic

Now in its fifteenth wave, the MNP Consumer Debt Index, which is conducted quarterly by Ipsos on behalf of MNP LTD, finds nearly half (47%) of Atlantic Canadians are not confident they can cover their living expenses for the next year without going further into debt.

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Post retirement debt is rising in Canada. But it doesn’t have to be the end of the road.

Debt during retirement is incredibly stressful, especially if you’re caring for an ailing spouse or dealing with health issues of your own.

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Three calculations to assess your debt situation

MNP’s quarterly Consumer Debt Index consistently finds between 45 and 50 percent of Canadians are $200 or less away from insolvency at month-end.

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What’s different about Blue Monday 2021?

A 2004 media report famously declared the third Monday in January is the most depressing day of the year: The technicolour sheen of the holiday season has worn off.

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Mortgage broker vs. banker: Who should you see about a mortgage following a Bankruptcy or Consumer Proposal?

Your financial fresh start has opened a whole new work of possibilities for you, including the opportunity to become a homeowner.

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Debt Trap? MNP Consumer Debt Index reveals Ontarians are taking advantage of low interest rates to spend beyond their means

New research conducted by Ipsos on behalf of MNP LTD. finds six in 10 (63%) Ontarians feel the current low-interest environment is a good time to buy things they otherwise might not be able to afford.

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MNP Consumer Debt Index reveals pandemic impact on personal finances and consumer debt in Manitoba and Saskatchewan

Now in its fifteenth wave, the MNP Consumer Debt Index finds four in 10 (42%) Manitoba and Saskatchewan residents are not confident they can cover their living expenses for the next year without going further into debt, a one-point drop from September.

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