bankruptcies

Thompson-Okanagan bankruptcies follow growing national trend - Kelowna News

Thompson-Okanagan bankruptcies follow growing national trend – Kelowna News

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Photo: Contributed The number of Canadians declaring insolvency has been on the rise in recent months, and the trend is being seen locally. The latest data released Thursday by the Bankruptcy Review Board showed that total insolvencies across Canada, including individual and business insolvencies, rose 7.3 per cent in November 2022 compared to the previous …

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An increase in corporate bankruptcies could signal a wave of non-performing loans: the expert

An increase in corporate bankruptcies could signal a wave of non-performing loans: the expert

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The number of bankruptcies filed by Canadian companies is growing. According to the Canadian Association of Insolvency and Restructuring Experts (CAIRP), there were 807 bankruptcies and corporate proposals in the first quarter of 2022. This is compared to 603 insolvencies filed at the same time last year. It represents a year-on-year increase of 34 percent, …

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