MNP Debt Blog

The insolvency rate in the area, which had been declining since 2010, took a slight uptick to 3.4 per cent in 2018.

The rate, which had been growing since 2013, dipped in 2017 before climbing again in 2018.

The number of consumer insolvencies per thousand residents in Edmonton, aged 18 years or above, hit 4.4 in 2018 – rising to the highest level since 2009 when it sat at 4.5.

The number of consumer insolvencies per thousand residents in Calgary, aged 18 years or above, hit 4.3 in 2018 – the highest level since 1997 when it sat at 4.8.

The number of consumer insolvencies per thousand residents in Montréal, aged 18 years or above, decreased to 4.9 in 2018, continuing the downward trend since 2016.

The number of consumer insolvencies per thousand residents in the Cariboo region, aged 18 years or above, decreased to 3.7 in 2017 and then again to 3.3 in 2018.

Congratulations, you have successfully finished your Bankruptcy or Consumer Proposal! You took control of your financial life and solved your debt issues. Now what?

The number of Canadians who filed for insolvency in the first quarter of 2019 was up six percent compared to the same quarter last year, according to the latest official figures

Your credit record contains information reported by various lenders — including credit card issuers, banks and mobile phone companies — detailing when you opened your account, how much you owe, your payment history, if and how frequently you...

After completing a Bankruptcy or Consumer Proposal, rebuilding your credit can feel nearly as daunting as getting out of debt.