Bankruptcies Drop in June, 2006.

2005 Bankruptcy StatisticsThe latest bankruptcy statistics for June, 2006 were released on the internet by Industry Canada on August 10, 2006.

Consumer bankruptcies fell 8.2% (6,799/7,403);

Business bankruptcies fell 2.2% (611/625);

Proposals fell 2.5 % (1,713/1,757);

Overall, Insolvencies fell 6.8% (9,123/9,785).

Year to date:

Consumer bankruptcies were down 6.2%

Business bankruptcy were down 10.8%

Proposals were up 0.9%

Total insolvencies were down 5.3%

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

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