Bankruptcies Down in 2010

Bankruptcies Down in 2010The total number of Canadian businesses and individuals claiming bankruptcy dropped 11.5 per cent in 2010 compared to the previous year, new data released Friday shows. The Office of the Superintendent Of Bankruptcy Canada said consumer involvencies were 11 per cent lower last year over 2009, while commercial insolvencies declined by 22.3 per cent. The term insolvency refers to people who undergo formalized bankruptcy proceedings, but also those who make…

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