NEWS FLASH! June 4th, 2009:
Canadian Insolvencies Increase by 32.2% for the Month of April, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 36.1% compared with the same month the previous year.

Business Bankruptcies were down by 10.6% compared with the same month the previous year.

Proposals were up by 29.7% compared with the same month the previous year.

For the 12 months ended April 30, 2009 Insolvencies are up by 22.1% compared with the previous year; (2009:135,927 - 2008:111,291)

Provinces with Double Digit Changes in
the Insolvency Rate in April, 2009
compared with April, 2008.

% Increase
(Decrease)
NL 30.6
PE 45.3
NB 45.3
QC 20.1
ON 32.8
MB 29.4
SK 34.7
AB 70.3
BC 68.8

For more information and more detailed analysis please refer to this site.