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Lana Gilbertson - MNP Ltd.. Vancouver, BC, CA

Lana Gilbertson Lana Gilbertson

Senior Vice-President | MNP Ltd.

Vancouver, BC, CANADA

Licensed Insolvency Trustee with experience in speaking & media on consumer bankruptcy and insolvency, and personal finance.

Media

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Videos:

Almost Half of Canadian Homeowners Concerned About an Interest Rate Hike British Columbians, Prepare Yourself For Economic Change Kash Heed Show - Lana Gilbertson Interview on 107.7 Pulse FM MNP 310-DEBT

Audio:

Social

Biography

Lana Gilbertson is a Licensed Insolvency Trustee (LIT), a Registered Qualified Insolvency Counsellor (RQIC) and a Chartered Insolvency & Restructuring Professional (CIRP). Lana is a Partner and Senior Vice-President of MNP Ltd., serving clients in Greater Vancouver, British Columbia. Lana has been helping individuals and small business owners achieve freedom from debt for over 17 years through financial consultation and counselling, consumer proposals and bankruptcy. People who work with Lana appreciate her honest, no-nonsense advice and information; her creative approach to problem solving; and the responsiveness of Lana and her whole team.

Industry Expertise (2)

Consumer Services Financial Services

Areas of Expertise (5)

Insolvency & Restructuring Bankruptcy Consumer Proposals Personal Finance Financial Literacy

Education (1)

University of British Columbia: Bachelor of Arts, English Literature 1999

Affiliations (3)

  • Licensed Insolvency Trustee (LIT)
  • Chartered Insolvency & Restructuring Professional (CIRP)
  • Registered & Qualified Insolvency Counsellor (RQIC)

Media Appearances (7)

More Than Half Of Canadians Are $200 Away From Insolvency: Survey

Huffington Post  online

2017-05-09

More than half of Canadians say they are just $200 away from financial insolvency at the end of each month, and nearly as many regret how much debt they’ve taken on, a new survey has found.

The survey, carried out by Ipsos for insolvency consultancy MNP, highlights the fallout from the debt binge Canadian consumers have gone on. Household debt reached an all-time high above 167 per cent of disposable income in the fourth quarter of 2016.

MNP places some of the blame for that on rising house prices, but data shows Canadians are taking on more credit card and car loan debt as well.

Fifty-two per cent of respondents say they have no more than a $200 margin to cover their bills each month. That’s actually down from 56 per cent in MNP’s previous consumer sentiment survey, carried out last fall.

One in 10 said they have less than $100 each month left over each month, while nearly one-third (31 per cent) said they don’t make enough money to cover their expenses.

"There is an unquestioned attitude that living in debt is normal,” said Lana Gilbertson, a Vancouver-based insolvency trustee with MNP.

“Many are in denial, believing they can manage their growing debts. Others don’t know where to go for help or are afraid to address their debts head on.”

The survey found 49 per cent regret the amount of debt they have taken on over their lifetime, down one point from last fall’s survey.

A lack of financial literacy skills among some Canadians may be making the problem worse, MNP says. While 48 per cent of all respondents said they were concerned about their debt burden, that rose to 61 per cent among those who aren’t confident in their understanding of finances.

“Many are caught on what I call the ‘minimum payment treadmill’, paying only the interest on their debts, and they are just not getting anywhere,” Gilbertson said.

“If you are using credit to pay for basic expenses, or are pulling equity out of your home to service other debts, it’s time to seek the advice of a professional.”

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Accounting firm's study shows signs of debt stress among B.C. consumers

Vancouver Sun  online

2017-05-08

About quarter of B.C. respondents expressed regret over the amount of debt they’ve taken just this year alone and up to one-third said they regretted the debt they’ve built up over their lives.

Faced with skyrocketing property prices and rising rents that contribute to a high cost of living, “many (consumers) feel they can’t get ahead and have no choice but to be in debt,” said Lana Gilbertson, a licensed insolvency trustee with MNP.

The MNP survey, conducted by the research firm Ipsos, used an online panel of 1,500 respondents from across Canada, with a margin of error of plus or minus 2.9 percentage points 19 times out of 20.

In the results, four in ten B.C. respondents said they are $200 or less per month away from not being able to pay all of their bills, though that finding is contradicted by declining rates of insolvency in the province.

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Vancouverites are in too much debt, expert warns

Global News  tv

2017-03-11

Lana Gilbertson, Vancouver-based Licensed Insolvency Trustee, warns Vancouverites are racking up too much debt.

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Kash Heed Show - Lana Gilbertson Interview

Pulse 107.7  radio

2017-01-02

MNP’s Lana Gilbertson recently spoke with the Kash Heed Show on Pulse 107.7 about the importance of facing our finances head on, controlling our expenses and taking the steps towards getting back on more stable financial ground.

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Many concerned about making mortgage payments if interest rates rise: poll

News 1130  online

2016-10-16

Lana Gilbertson makes the connection between BC's mad real estate situation and consumers taking on more debt.

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Video: Canadians and credit debt

Vancouver Sun  online

2015-09-11

Lana Gilbertson, Licensed Insolvency Trustee with MNP Debt, talks about the perils of debt and the danger that Canadians least able to deal with debt are taking on more than they can handle.

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Canadian household debt ration hits highest level on record

Business in Vancouver  online

2015-09-11

As household debt inches higher, Lana Gilbertson says she is seeing an increase in the number of families and individuals looking to file consumer proposals.

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Event Appearances (7)

Investigating Offenses in Bankruptcy Matters

CAIRP 2016 Insolvency & Restructuring Forum  Vancouver, BC

2016-05-16

Discharges from Bankruptcy

Continuing Legal Education Society of BC (CLEBC) - Bankruptcy & Insolvency Course for Lawyers  Vancouver, BC

2016-04-22

Personal Insolvency Technical Update

CAIRP 2015 Insolvency & Restructuring Forum  Vancouver, BC

2015-05-18

Discharges from Bankruptcy

Continuing Legal Education Society of BC (CLEBC) - Bankruptcy & Insolvency Course for Lawyers  Vancouver

2013-04-24

Financial Literacy, Credit Counselling and Consumer Insolvency

Annual Review of Insolvency Law  Vancouver, BC

2012-02-10

Personal Insolvency Technical Update

CAIRP 2012 Insolvency & Restructuring Forum  Vancouver, BC

2012-05-14

Dealing with Debt

Sophia Wealth Academy  Vancouver, BC

2012-02-25

Articles (6)

Consumer Debt Sentiment Survey - B.C. Update MNP Debt

Lana Gilbertson

2017-05-09

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying British Columbians’ consumer debt binge.

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Nearly forty per cent of British Columbians concerned about making debt payments if interest rates increase MNP Debt

2017-04-13

As the nation awaits the Bank of Canada's next announcement on interest rates, British Columbians' debt anxieties are being highlighted by a new Ipsos survey conducted on behalf of MNP Debt. Nearly forty per cent of British Columbians say they will be more concerned about their ability to pay their debts if interest rates increase.

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B.C.'s Insolvency Rates Declined in 2016. That's a Good Thing Isn't it? MNP Debt

2017-03-15

While consumer insolvency rates are down in 2016, consumer debt levels are higher than ever before. Lana Gilbertson cautions consumers to address debt problems early, rather than waiting for a crisis.

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Overspending on the Holidays: Unexpected Expenses Can Cost Canadians More Than They Think MNP Debt

2016-12-12

Lana Gilbertson advises Canadians to start shopping now instead of last minute, and use cash to stay within budget.

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Economic Change is on the Horizon MNP Debt

2016-10-18

For many years British Columbians have benefitted from a strong residential real estate market. However, with all signs pointing to a cooling market, many British Columbian consumers will be vulnerable to economic change if they are financially unprepared.

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What Goes Up Must Come Down - Why Vancouverites Should Take a Lesson from our Calgary Neighbours MNP Debt

2016-09-09

If Vancouver can learn anything from Calgary, it's that the local economy can shift without warning. It's best to be financially prepared in the good times so you can make it through any financial crisis.

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