MNP Debt Blog

MNP’s recent Consumer Debt Sentiment Survey has revealed some startling statistics for people living in Manitoba and Saskatchewan.

With a weakened economy and hundreds of thousands of households in western Canada grappling with the very difficult realities of unemployment, it’s no surprise (or secret) to learn that many are struggling financially.

A recent MNP Consumer Debt Sentiment Survey found 35 per cent of Albertans don’t have enough money coming in to keep up with their financial obligations.

MNP Consumer Debt Sentiment Survey reveals Canadians’ feelings about their debt and their perception of their ability to meet their monthly payment obligations.

According to our recent MNP Consumer Debt Sentiment Survey, a whopping 56 per cent of Canadians are within just $200 away of being unable to keep up with their financial obligations at the end of each month.

The purpose of this article is to give you some idea of what your rights are in a bankruptcy when you are a creditor and aren’t satisfied with some aspect of the process.

As the price of oil continues to affect households throughout Alberta and Saskatchewan, many are falling behind and finding themselves unable to keep up with the day-to-day cost of living, let alone staying on top of their debt obligations.

It is said that the only an egg is better when it is broken. When a material financial crisis results in a company being broken, its ongoing viability needs to be immediately assessed to determine if the business is insolvent.

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...

If your financial situation has become overwhelming and you find yourself struggling from one debt payment to the next – you’re certainly not alone.