A swelling number of individual Canadians overwhelmed by their debts pushed bankruptcies up 17.2 per cent in July compared with a year earlier.
The Office of the Superintendent of Bankruptcies said Friday there were 7,908 bankruptcies in July, up from 7,478 in June and 6,747 in July 2007.
The pain was concentrated among individuals, as personal bankruptcies were 6.3 per cent higher than in June and 19 per cent higher than in July of last year.
Business bankruptcies were down 1.9 per cent from June and 6.4 per cent below the level of July 2007.
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The Office of the Superintendent of Bankruptcies said Friday there were 7,908 bankruptcies in July, up from 7,478 in June and 6,747 in July 2007.
The pain was concentrated among individuals, as personal bankruptcies were 6.3 per cent higher than in June and 19 per cent higher than in July of last year.
Business bankruptcies were down 1.9 per cent from June and 6.4 per cent below the level of July 2007.
Has the economy become your number one issue in the upcoming election?
More...