NEWS FLASH! May 12th, 2009:
Canadian Insolvencies Increase by 51.3% for the Month of March, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 57.0% compared with the same month the previous year.

Business Bankruptcies were down by 10.3% compared with the same month the previous year.

Proposals were up by 49.3% compared with the same month the previous year.

For the 12 months ending March 31, 2009 Insolvencies are up by 20.8% compared with the previous year; (2009:132,405 - 2008:109,622)

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

% Increase
(Decrease)
NL 91.7
NS 16.9
NB 31.0
QC 42.3
ON 56.6
MB 41.8
SK 16.9
AB 75.8
BC 69.0

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

This entry was posted on Tuesday, May 12th, 2009 at 2:37 pm and is filed under Bankruptcy Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.