Issue 19-186 Bankruptcies

November 25, 2019

There were 345 bankruptcies filed by consumers in British Columbia in September, a slight (-0.6%) decline from the same month of 2018. Conversely, the number of business bankruptcies was notably higher (+75.0% to seven).

Nationally, the total amount of bankruptcies filed was up 4.6% from September of last year, as an increase in number of consumer bankruptcies (+5.3%) counterbalanced a decline in numbers among business (-9.5%).

Data Source: Industry Canada