Serving you for 40 years

This year marks Ginsberg Gingras’s 40th anniversary. 40 years of helping debtors and creditors in Quebec and Ontario. 40 years of consultations and solutions to help resolve your debts.
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For the sixth year in a row, fewer people become insolvent in Ontario

Press release
For immediate release

For the sixth year in a row, fewer people become insolvent in Ontario

Ginsberg Gingras is available to comment on statistics from the Office of the Superintendent of Bankruptcy Canada for the fourth quarter of 2015.

Ottawa, March 9, 2016 – For the sixth year in a row, Ontario saw a reduction in insolvency files in 2015.

According to the fourth quarter report published by the Office of the Superintendent of Bankruptcy Canada (OSB), 41,076 consumers and companies went bankrupt or filed a proposal to creditors in 2015. The number has been dropping annually since 2009—a record year for insolvency, with 69,494 cases.

The OSB report also indicates that, in 2015, more Ontario consumers chose to restructure their debts through a proposal to their creditors than through bankruptcy. In total, 21,977 individuals chose the first option. This represents 55% of all consumer insolvency files.

“This is the second year in a row that more proposals than bankruptcies were filed,” commented Pascal Gagnon, Ginsberg Gingras vice-president. “Since the proposal allows individuals to protect their assets and in most cases avoids the seizure of property, recourse to this option is increasingly used in Ontario,” he continued.

In Ottawa, even if there were more bankruptcies than proposals, the same tendency was still observed at the provincial level. In 2015, consumer proposals (1671 cases) increased by 5.2%, while bankruptcies (2097 cases) dropped by 6.3%.

Pascal Gagnon is available to comment on OSB statistics.

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About Ginsberg Gingras

Founded in 1980, Ginsberg Gingras is one of the largest licensed insolvency trustees in Québec and Eastern Ontario in terms of the volume of files processed each year. Ginsberg Gingras helps individuals and companies in debt by providing solutions adapted to their needs. The firm has more than 125 employees and comprises a major network, including eight main offices and thirty secondary offices, two of which are in Ottawa, and four in Eastern Ontario.

For further information:

Mr. Pascal Gagnon, CPA, CGA, CIRP, LIT
1 800 567-1905 extension 2101
pgagnon@ginsberg-gingras.com

Notice of Appointment

Press release
To be released January 7, 2013

Notice of Appointment

Mrs. Chantal Gingras at the helm of Ginsberg Gingras

Gatineau, January 7, 2013: After thirty-three years at the head of Ginsberg, Gingras & Associates Inc. (Ginsberg Gingras), Mr. Claude B. Gingras is pleased and proud to announce the appointment of Mrs. Chantal Gingras as president of the firm, effective January 1, 2013. While taking a step back, Mr. Gingras will hold on to the titles of CEO and Founder.

A pioneer in the field of insolvency, Mr. Gingras was the first to introduce the system of payment by installment as well as the consumer proposal. “The time has come to ensure continuity and renewal in the company,” he said with great serenity.

With Ginsberg Gingras since 1993, including 10 years as vice-president, Mrs. Gingras is a Trustee and CIRP. She also holds a bachelor’s degree in social sciences. She holds a seat on the board of directors for the Canadian Association of Insolvency and Restructuring Professionals as well as the Conseil des Syndics de Faillite.

As president of Ginsberg Gingras, Mrs. Gingras will make it her priority to consolidate the company’s position as one of the top three in Quebec and Eastern Ontario. In order to do so, focus will be on customer service. Training programs for staff and coaching workshops have always been part of the corporate philosophy and will continue to be. “Our strength resides in our employees” said Mrs. Gingras. “Financial turmoil can occur without warning and have devastating effects if not taken care of in time. Our people understand that. That’s why they always offer our clients tailored solutions.”

Chantal-Gingras-Claude-B-Gingras
Chantal Gingras and Claude B. Gingras

About Ginsberg Gingras

Founded in 1980, Ginsberg Gingras is one of the largest bankruptcy trustees office in Canada in terms of volume of cases handled annually. It employs more than one hundred twenty‑five people and relies on a large network consisting of eight principal offices and twenty‑seven non-resident offices serving Quebec and eastern Ontario. Its association with the Ginsberg Gluzman Fage & Levitz, LPP firm of chartered accountants allows Ginsberg Gingras to offer a full range of taxation and accounting services. Ginsberg Gingras is also a member of DFK International, a worldwide association of independent accounting firms and business advisors. Its website, www.ginsberg‑gingras.com, attracts nearly 5,000 unique visitors monthly since being redesigned in August 2011.

For information:

Mr. Claude B. Gingras, CEO and Founder
819-776-0283
cbgingras@ginsberg-gingras.com

Mrs. Chantal Gingras, President
819-776-0283
chantalgingras@ginsberg-gingras.com