Bankruptcy Canada

The Latest Canadian Insolvency Statistics – We meet them everyday

Bankruptcy - Canadian Insolvency Statistics Canada’s bankruptcy rate has risen over the last five years as set out below: Bankruptcies and Proposals: 2012-2016 2012 2013 2014 2015 2016 Cons. Bank. 71,495 69,224 64,839 63,406 63,372  Bus. Bank. 3,236 3,187 3,116 3,089 2,884 Proposals 48,020

Debt Consultants Taking Advantage of Vulnerable Consumers

  Debt Consultants review a consumer's debt and commonly design proposals (or bankruptcy) that the consumer can take to a Licensed Insolvency Trustee.   Because these firms are charging consumers for services that a Licensed Insolvency Trustee does for free, the Office of the Superintendent of