Bankruptcy

Economic Indicators

Canadians went deeper in debt in August

More women are filing for insolvency — but with less debt than men

By Maddie Johnson |October 8, 2019

2 min read

Economic Indicators

Insolvencies up year-over-year in August

Signs of financial distress persist

By Staff |October 4, 2019

1 min read

Economic Indicators

Insolvencies continue to push higher year over year

For consumer insolvencies, the trend is driven by proposals, not bankruptcies

By Staff |August 15, 2019

2 min read

Economic Indicators

Insolvencies increased by 3.5% in February: StatsCan

Bankruptcies increased by 2% and proposals rose by 4.5%

By Staff |April 3, 2019

1 min read

Economic Indicators

What the latest insolvency statistics reveal

Consumer insolvencies rose more than 5% year over year in November

By Staff, with files from The Canadian Press |January 9, 2019

2 min read

Industry

Does your client suffer under student debt?

If your client is a student, struggles with cash flow might be expected, but some students experience greater financial challenges. That’s because student debt is often cited in insolvency. In fact, almost one in seven insolvencies involve student debt, says a report by Hoyes, Michalos and Associates Inc., which is based on a seven-year review […]

By Staff |September 5, 2018

2 min read

Industry

38% of insolvent millennials use payday loans

It’s no secret Canadians are cash-strapped, with previous research suggesting many aren’t contributing enough to RRSPs and TFSAs. But, for those who face the extreme of insolvency, daily expenses can be insurmountable, let alone contributing to savings plans. The average insolvent Ontarian uses most of his income to pay for necessities such as housing and […]

By Staff |March 27, 2017

2 min read

Industry