Statistics on insolvency

Statistics on insolvency in Canada

Getting into financial difficulty is no fun. Most people who are deeply in debt feel shame and guilt for their money problems because they affect their whole family. A stack of unpaid bills and repeated calls from collection agencies can give people the impression that they are alone in the world and helpless.

But in fact, as shown by recent statistics from the Office of the Superintendent of Bankruptcy Canada, you are not alone in experiencing money problems.

Insolvencies filed by consumers in 2016

Consumer Proposal18,76822,70762,506

Profiles of consumer debtors

Distribution of Insolvency Files (%)
Age Group (Years)Sex
18 to 2425 to 2930 to 3435 to 3940 to 4445 to 4950 to 5455 to 5960 to 6465 and olderWomenMen

The statistics show beyond a shadow of a doubt that anyone can experience debt problems. Whether you are a man or a woman, and no matter what your age or salary, you could one day encounter financial difficulties.

If so, contact a Licensed Insolvency Trustee or administrator at one of our many offices. They will be able to assist you during this difficult period and suggest custom solutions.

*Source : Office of the Superintendent of Bankruptcy Canada

Let our LITs and our administrators recommend the best solution for your financial problems.

 Simply fill in the appointment form for a quick, free consultation. Discretion assured.

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