Insolvencies Take a Huge Drop in April, 2006.
The latest bankruptcy statistics for April, 2006 were released on the internet by Industry Canada on May 31, 2006.
Consumer bankruptcies plunged 17% (6,602/7,942);
Business bankruptcies took a steep dive of 22% (553/705);
Proposals were down 10% (1,641/1,825);
Overall, Insolvencies plunged 16% (8,796/10,472).
Year to date insolvencies were down 5%
For more information and more detailed analysis please refer to this site.
