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Canadian Insolvencies up 25% in February, 2009

Canadian Insolvencies Increase by 25.3% for the Month of February, 2009 compared with the Same Month in 2008.

Bankruptcy Chart - 2008

Consumer Bankruptcies were up 25.2% compared with the same month the previous year.

Business Bankruptcies were down by 16.5% compared with the same month the previous year.

Proposals were up by 37.5% compared with the same month the previous year.

For the 12 months ending February 28th, 2009 Insolvencies are up by 15.8% compared with the previous year; (2009:125,087 - 2008:109,239)

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

% Increase
(Decrease)

NL 22.8
PE (21.7)
QC 18.6
ON 26.9
MB 18.3
SK 23.8
AB 55.0
BC 45.8

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

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This entry was posted on Friday, April 17th, 2009 at 7:37 am 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.

One Response to “Canadian Insolvencies up 25% in February, 2009”

  1. Bankruptcy Regina says:
    April 27, 2009 at 5:58 am

    It is definitely a tough period for everyone as the struggle continues to stabilize the economy. The statistics above are a clear indication of the current state of the economy and the measures we all need to take in order to help in rectifying this meltdown.

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