Issue 18-135 Bankruptcies

July 31, 2018

There were 396 bankruptcies filed by consumers in British Columbia in May, a slight (-4.8%) decrease from the same month of 2017. Meanwhile, the number of business bankruptcies was notably lower, falling 50.0% to six.

Nationally, the total amount of bankruptcies filed was down 7.1%, as both consumer (-6.3%) and business (-22.2%) numbers declined.

Data Source: Industry Canada