Issue 16-69: Bankruptcies

April 5, 2016

The total number of bankruptcies registered in B.C. was down 24.8% in January from the same period a year ago. While business insolvencies jumped 63.6%, consumer bankruptcies were 26.7% lower compared to January 2015.

The number of Canadian business bankruptcies filed was down (-5.2%) over the same period, with nearly half (48%) being in the construction, retail trade and accommodation and food services sectors.

Data source: Industry Canada