MNP Debt Blog

There are few skills as universal and integral to a child’s upbringing than money management.

People often worry meeting with a Licensed Insolvency Trustee means they’ll be forced into Bankruptcy or a Consumer Proposal and not offered any other options.

Now that you’ve completed your Bankruptcy or Consumer Proposal, you may be considering getting credit again.

At MNP, we’re seeing a growing number of people working well-past retirement age simply to afford their monthly debt obligations.

On October 29, 2018, Bill C-86, Budget Implementation Act, 2018, No. 2 was tabled, which includes some important amendments to the Wage Earner Protection Program Act (WEPPA).

In my work as a Licensed Insolvency Trustee, I see firsthand the unfortunate effects financial crises can have on debtors’ mental and emotional wellness.

The number of consumer insolvencies per thousand residents in Halifax, aged 18 years or above, decreased to 6.1 in 2017 and then again to 5.8 in 2018.

The number of consumer insolvencies per thousand residents in the area, aged 18 years or above, remained at 2.9 in 2018.

The number of consumer insolvencies per thousand residents, aged 18 years or above, increased to 3.7 in 2018, after declining for the past nine years.

The number of consumer insolvencies per thousand residents in the region, aged 18 years or above, reached 4.5 in 2018 – the highest since tracking began in 1987.