Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Bankruptcies on the rise in Canada

|
|
 
  
Published: March. 24, 2009 at 11:31 AM
Advertisement

OTTAWA, March 24 (UPI) -- Personal bankruptcy filings in Canada rose 2.9 percent on a monthly basis in January from December to 10,208, the federal overseer in Ottawa reported Tuesday.

The Office of the Superintendent of Bankruptcy Canada said, on an annual basis, that represents a 12-month increase of 15.8 percent for a total of 17,704 bankruptcy claims during the period.

On the corporate side, bankruptcy filings were up 2.5 percent on a month-to-month basis to 567, the report said. However, on a 12-month basis, insolvency filings were down 2.6 percent to 7,577.

Regionally on an annual basis, the province of Quebec led the country in personal bankruptcies, up 14.3 percent to 34,595. Ontario was second, up 18.1 percent to 51,352, the agency said.

© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Protesters, police clash at NATO summit Notable deaths of 2012 2012 Billboard Music Awards
The 137th Preakness Stakes Annual Solar eclipse occurs in U.S. Chen Guangcheng arrives in the U.S.
Additional Business News Stories
1 of 27
65th Annual Cannes International Film Festival
View Caption
A contortionist performs on the red-carpeted steps of the Palais des Festivals before the screening of the film "Holy Motors" during the 65th annual Cannes International Film Festival in Cannes, France on May 23, 2012. UPI/David Silpa
fark
Since everything else is fine with the world: Here are pets doing yoga. Relax and meditate with...
It turns out the 'Men In Black' movies are actually documentaries
Darth Vader robs bank, escapes on TIEcycle
Photoshop this Central Park encounter
Brazilian airline shaves a passenger from its flight, leaves him on the landing strip
School nurse rushes to crash scene, treats boo-boos