Bankruptcy can provide relief for most types of consumer debt, save for a few noteworthy exceptions. Therefore, you can — in most cases — include a debt owing to the Insurance Corporation of British Columbia (ICBC) in a bankruptcy. However, each situation is different and ICBC will take a position based on the facts of each file.

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.

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

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.

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.

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

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.

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.

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

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.