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Posts Tagged ‘bankruptcy statistics’

The bankruptcy rate in Canada increased by 31% in 2009, the largest increase in recent memory. In 2009 116,381 Canadians filed personal bankruptcy in Canada, and a further 35,331 filed a consumer proposal. That’s a total of 151,712 filings, as compared to 115,789 in 2008. These are obviously massive growth numbers, which raises the logical […]

The media has recently carried stories that that the Consumer Bankruptcy Rate in Canada is Starting to Ease, which sounds like good news. In October, 2009, bankruptcy filings across Canada fell a whopping 27.7 percent in October when compared to the previous month, which is the largest monthly drop on record. This figure softens when […]

The personal bankruptcy rate in Canada had a huge upward spike in September, 2009, according to numbers released by the Office of the Superintendent of Bankruptcy. In the month of September 12,305 Canadians filed personal bankruptcy, which is an astounding 47% increase over the 8,347 who filed in September 2008. In addition there were 3,160 […]

The Office of the Superintendent of Bankruptcy recently released statistics showing that in April 2009, when compared with the same month in 2008, Canadian insolvencies increased by 32.2%! Why the big increase?  Is it due to the downturn in the economy, or is there something else that we need to be worried about?  Clearly the […]

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