NEWS FLASH! May 2, 2008:

Canadian Insolvencies Fell by 5.5 % for the Month of March, 2008 compared with the Same Month in 2007.

Consumer Bankruptcies were down 6.1% compared with the Same Month the Previous Year.

Business Bankruptcies were down by 8.1% compared with the Same Month the Previous Year.

Proposals fell by 2.8% compared with the Same Month the Previous Year.

For the 12 months ending March 31, 2008 Insolvencies are up by 3.0 compared with the previous year; (2008:109,622 - 2007:106,415)

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