Tag Archive: Ontario

First Published Graphs of Regional Ontario Consumer Bankruptcy Statistics

GrossmanCGA published today the first-ever graphs of quarterly regional Ontario consumer bankruptcy and insolvency statistics.

Using data provided by Statistics Canada, these graphs illustrate local trends in consumer bankruptcies, proposals, and total insolvencies.  The graphs for each region are available exclusively from GrossmanCGA.

General comments on provincial trends and their import for accountants in public practice were published earlier as Ontario Consumers are in Trouble.

Ontario Consumers Are In Trouble

When I saw the June bankruptcy numbers, I just had to share them with you. They amaze me.

In the first 6 months of 2009, more than 33,000 Ontarians (1 out of every 300 adults!) made filings under Canada’s Bankruptcy and Insolvency Act. That’s a record number both absolutely and as a proportion of the adult population. Each region in the province differs somewhat, but the trend is