More than 29,700 people became insolvent in the first three months of 2023 – an average of 330 people each day

TORONTO – March 1, 2023 – Consumer insolvencies in Canada spiked in the first month of 2023, increasing 33.0% on a year-over-year basis. Compared to the previous month, consumer insolvency filings...

TORONTO – February 9, 2023 – The latest Canadian insolvency statistics from the Office of the Superintendent of Bankruptcy show the number of consumer insolvencies filings in 2022 jumped 11.2%, with...

TORONTO – February 9, 2023 – Business insolvencies in 2022 surged by 37.2% in 2022, the largest year-over-year percentage increase in over 30 years, according to the Canadian Association of Insolvency...

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...