TORONTO – January 5, 2023 – Consumer insolvency filings in Canada have increased 9.5% over the last 12 months, according to the latest statistics released by the Office of the Superintendent of Bankruptcy,...

Consumer Alert: Beware of unregulated, unlicensed debt advisors that claim to be authorized to assist with insolvency options. Those facing personal financial challenges are urged to get debt help from government-regulated, licensed professionals to avoid paying for unnecessary services or fees.

TORONTO – November 9, 2022 – As part of Financial Literacy Month 2022, the Office of the Superintendent of Bankruptcy (OSB) and the Canadian Association of Insolvency and Restructuring Professionals...

TORONTO – August 5, 2022 – The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) says the financial consequences of the pandemic, the economic volatility fueled by this year’s...

TORONTO – May 12, 2022 – Business insolvency filings in Canada rose 33.8 per cent in the first quarter of 2022 compared to the same quarter last year, the highest year-over-year increase in 31 years,...

TORONTO – February 4, 2022 – The number of Canadian business insolvencies jumped 36.8 per cent in the fourth quarter. It was the largest rate of increase in 35 years of records tracked by the Office...

TORONTO – November 10, 2021 – The number of Canadian businesses that commenced bankruptcy or restructuring proceedings reached a new record-low in the third quarter. 536 businesses went through formal...

TORONTO – September 1, 2021 – While the fourth wave of the pandemic is prolonging financial uncertainty for many Canadians, the latest insolvency data from the Office of the Superintendent of Bankruptcy...