Issue 19-124 Bankruptcies

July 30, 2019

There were 375 bankruptcies filed by consumers in British Columbia in May, a slight (-5.3%) decrease from the same month of 2018. Meanwhile, the number of business bankruptcies was higher, climbing 16.7% to seven.

Nationally, the total amount of bankruptcies filed was down 1.5%, as a decline in consumer bankruptcies (-1.9%) outweighed an increase among businesses (+6.8%).

Data Source: Industry Canada