Bankruptcies Drop in May, 2006.
The latest bankruptcy statistics for May, 2006 were released on the internet by Industry Canada on June 29, 2006.
Consumer bankruptcies fell 5.5% (7,021/7,431);
Business bankruptcies fell 7.4% (637/688);
Proposals rose slightly by 1.9 % (1,754/1,721);
Overall, Insolvencies fell 4.3% (9,412/9,840).
Year to date insolvencies were down 5.0%
For more information and more detailed analysis please refer to this site.
