Personal Bankruptcies in Ontario Increase in 2007
The Office of the Superintendent of Bankruptcy reports that the number of consumer bankruptcies and consumer proposals increased in Ontario 2007 by 8.2%, as compared to a decline of 4.1% in 2006.
On the chart below we have summarized the number of consumer filings (bankruptcies and proposals) for each major city in Ontario in 2007. As the chart indicates, cities with a large manufacturing sector experienced the largest increases in the rate of personal bankruptcy filings in Ontario in 2007.
For more information on personal bankruptcy statistics for 2007 please see our article on bankruptcy statistics for 2007.