Bankruptcies Fall in November, 2006

Bankruptcies Fall in November, 2006.

2005 Bankruptcy StatisticsThe latest bankruptcy statistics for November, 2006 were released on the internet by Industry Canada on January 9, 2007.

Consumer bankruptcies fell 8.4% (6,946/7,580);

Business bankruptcies fell 6.4% (544/581);

Proposals rose 4.5% (1,870/1,789);

Overall, Insolvencies fell 5.9% (9,360/9,950).

Year to date:

Consumer bankruptcies were down 6.2%

Business bankruptcy were down 10.2%

Proposals were up 5.2%

Total insolvencies were down 4.5%.

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

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