Canadian Insolvencies Increase by 51.1% for the Month of June, 2009 compared with the Same Month in 2008.
Consumer Bankruptcies were up 54.3% compared with the same month the previous year.
Business Bankruptcies were up by 10.5% compared with the same month the previous year.
Proposals were up by 49.5% compared with the same month the previous year.
For the 12 months ended June 30, 2009 Insolvencies are up by 28.6% compared with the previous year; (2009:143,883 – 2008:111,910)
Provinces with Double Digit Changes in
the Insolvency Rate in June, 2009
compared with June, 2008.
Province% Increase
(Decrease)
NL 43.9
PE 75.8
NS 16.5
NB 47.9
QC 49.6
ON 50.6
MB 34.1
SK 109.6
AB 102.2
BC 73.4
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