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Posts Tagged ‘bankruptcy rules’

Bankruptcy Rate Drops in Canada

March 28th, 2011 by A Licensed Insolvency Trustee

The bankruptcy rate in Canada dropped in 2010, according to statistics recently released by the Office of the Superintendent of Bankruptcy. That’s good news, right? Yes and no. First, let’s review the numbers. In 2010 a total of 135,008 Canadians filed a consumer proposal or personal bankruptcy. That’s an 11% drop from the 151,712 who […]

A s the year draws to a close, it’s easy to see that 2009 was the most eventful year in bankruptcy in Canada in at least the last decade. There were two stories that captured our attention: First was the massive increase in the rate of personal bankruptcy in Canada in 2009. It was only […]

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