Presented below is a chart showing the number of consumer bankruptcies and proposals filed in Brantford, Ontario in 2007 and 2006 as compiled by the Office of the Superintendent of Bankruptcy; full details availabe on their web site. As the chart indicates, the insolvency rate is increasing in Brantford faster
than it is increasing in Ontario, and in Canada.
2007
Bankruptcies
Proposals
Total
Brantford
384
112
496
Ontario
31,409
11,025
42,434
Canada
79,796
19,486
99,282
2006
Bankruptcies
Proposals
Total
Brantford
341
100
441
Ontario
29,851
9,381
39,232
Canada
79,218
17,619
96,837
Change
Bankruptcies
Proposals
Total
Brantford
-13%
12%
12%
Ontario
5.2%
17.5%
8.2%
Canada
0.7%
10.6%
2.5%
As the above chart indicates, the bankruptcy rate in Canada in 2004 was relatively unchanged.
Chart assembled from sources believed to be accurate; please review the source noted above for complete results. For further information, please contact us.
If you're having financial difficulties and live in the Brantford area, call (519) 770-4440 today to meet with one of our experts, or complete the ask a question form to send us a message and we'll get in contact with you.
