NEWS FLASH! October 2, 2007: The bankruptcy statistics for August, 2007 were released on the Internet today. The insolvency rate (consumer bankruptcies, business bankruptcies and proposals) rose by 4.8% in August, 2007 compared with the same month the previous year.
The rise in the insolvency rate was driven by Quebec and Ontario with increases of 5.8% and 10.8%.
Current Month Statistics:
Consumer Bankruptcies are up 2.9% compared with the same month last year.
Business Bankruptcies were up by 7.3% compared with the same month last year.
Proposals rose 11.4% compared with the same month last year.
Year to Date Statistics:
Year to Date Insolvencies rose by 2.6% compared to the same period last year.
Consumer Bankruptcies were up 0.8% compared with the same period last year.
Business Bankruptcies down 5.8% compared with the same period last year.
Proposals rose 12.5% compared with the same period last year.
For more information and more detailed analysis please refer to this site.