Issue 19-33 Bankruptcies

February 26, 2019

There were 273 bankruptcies filed by consumers in British Columbia in December, a slight (-6.5%) decrease from the same month of 2017. Meanwhile, the number of business bankruptcies was notably lower, falling 28.6% to five.

Nationally, the total amount of bankruptcies filed was down 6.1%, as a decline in consumer (-7.0%) insolvencies offset an increase recorded among businesses (+10.8%).

Data Source: Industry Canada