Manitoba Consumer Proposal
Legally settle part of what you owe over up to five years.
- Reduce unsecured debt
- Asset protection
- More peace of mind
- Less damaging alternative to bankruptcy
- Addresses your debts to CRA
Published Updated
- Reduces what you owe Yes, negotiated
- Legal protection Yes
- Who provides it Licensed Insolvency Trustee only
For a time, residents of Manitoba had some of the lowest borrowing rates in Canada. The province even ranked number 10 for average consumer debt in 2017, being one of the lowest levels of debt per capita in the entire country. Manitoba also maintains the smallest growth in the number of residents enrolling in consumer proposals and other debt solutions. This apparently indicated a disinclination to take on new credit card debt, installment loans, and other forms of consumer indebtedness, thereby contributing to the overall economic health of the province. Statistics show that that might be changing. Manitoba is slowly seeing an increase in insolvencies and other forms of debt. In fact, in the last ten years, the number of consumer proposals in Manitoba has more than doubled.
An excessive amount of consumer debt, we must remember, is a threat to one’s long-term financial health even if the interest rate charged on it is relatively small. As debt increases, so does the likelihood of default. That is why so many Manitobans are turning to debt solutions like the consumer proposal.
Insolvency & Consumer Proposal Statistics in Manitoba
Annual Consumer Insolvency Rates in Manitoba
(Per 1,000 Population Aged 18 Years and Older)
Manitoba
| '20 | '21 | '22 | '23 | '24 | |
|---|---|---|---|---|---|
| Insolvency | 2.9 | 2.4 | 2.7 | 3.5 | 3.5 |
| Proposal | 1.7 | 1.6 | 2.0 | 2.6 | 2.7 |
Southeast
| '20 | '21 | '22 | '23 | '24 | |
|---|---|---|---|---|---|
| Insolvency | 2.1 | 1.7 | 1.8 | 2.6 | 2.5 |
| Proposal | 1.3 | 1.0 | 1.3 | 1.9 | 1.9 |
Southwest
| '20 | '21 | '22 | '23 | '24 | |
|---|---|---|---|---|---|
| Insolvency | 3.0 | 3.1 | 3.5 | 4.3 | 3.7 |
| Proposal | 2.0 | 2.1 | 2.5 | 3.4 | 3.0 |
Winnipeg
| '20 | '21 | '22 | '23 | '24 | |
|---|---|---|---|---|---|
| Insolvency | 2.7 | 2.4 | 2.7 | 3.3 | 3.4 |
| Proposal | 1.9 | 1.7 | 2.0 | 2.5 | 2.6 |
Interlake
| '20 | '21 | '22 | '23 | '24 | |
|---|---|---|---|---|---|
| Insolvency | 1.8 | 1.7 | 1.9 | 2.3 | 2.2 |
| Proposal | 1.2 | 1.1 | 1.5 | 1.7 | 1.6 |
Parklands and North
| '20 | '21 | '22 | '23 | '24 | |
|---|---|---|---|---|---|
| Insolvency | 2.8 | 3.6 | 3.1 | 4.3 | 3.9 |
| Proposal | 1.6 | 2.6 | 2.2 | 3.2 | 3.0 |
South Central and North Central*
| '20 | '21 | '22 | '23 | '24 | |
|---|---|---|---|---|---|
| Insolvency | 1.8 | 2.0 | 1.8 | 2.6 | 2.7 |
| Proposal | 1.2 | 1.3 | 1.3 | 2.0 | 2.0 |
Source: https://www.ic.gc.ca/
* In 2014, Statistics Canada's Labour Force Survey combined the following economic regions (ERs): South Central and North Central.
What Canadians tell us
“Everything is well laid out and you are left in no doubt what to do next. Everyone I talked to listened to me and were very personable.”
“I really and truly, finally can look at retirement in a positive light.”
“I foresee getting back in control of my debt. The stress was making my health worse. I feel there is a light at the end of my tunnel.”
Free Savings EstimateFree, confidential, and no obligation.
1 (844) 845-4219Find out if a consumer proposal is right for you
Tell us roughly what you owe and we'll show you what your options could look like.
- Reduce unsecured debt
- Asset protection
- More peace of mind
- Less damaging alternative to bankruptcy
