The latest bankruptcy statistics for January, 2007 were released on the internet by Industry Canada on February 28, 2007.
Insolvencies Rise in January, 2007,
Driven by Ontario with a 15% rise in Insolvencies.
The insolvency rate (consumer bankruptcies, business bankruptces and proposals) rose by 3.1%. All regions in Canada saw a decline in insolvencies except for NB with a 14.7% rise, Quebec with a 4.5% rise and Ontario with a 15.1% rise.
Consumer Bankruptcies up 0.7% compared with the same month last year.
Business Bankruptcies down 15.1% compared with the same month last year.
Proposals rose 20.9% compared with the same month last year.
For more information and more detailed analysis please refer to this site.