The Canadian Press
A federal regulator says bankruptcies in September jumped 43.3% from the same month a year earlier.
The Office of the Superintendent of Bankruptcy says most of the insolvencies involved individuals, not businesses.
Personal insolvencies totalled 15,465 in September, an increase of 45.5% from September 2008.
There were 579 business failures, up only 1.6% from 2008.
For the third quarter of this year, there were 42,160 insolvencies filed, an increase of 37.4% from the same period in 2008.
Personal filings for the quarter rose 40.2% from last year to 40,589, while business failures actually fell 8.3% from 2008, to a total of 1,571.
IE
Bankruptcies jump 43.3% in September
Personal insolvencies up 45.5% compared with last year
- By: Canadian Press
- November 20, 2009 October 31, 2019
- 09:49