Issue 19-07 Bankruptcies

January 18, 2019

There were 325 bankruptcies filed by consumers in British Columbia in November, a 7.7% decrease from the same month of 2017. Meanwhile, the number of business bankruptcies was notably lower, falling 44.4% to five.

Nationally, the total amount of bankruptcies filed was down 3.2%. A decline in consumer (-3.6%) bankruptcy numbers, offset a 6.8% increase in business insolvencies.

Data Source: Industry Canada