Category Archives: Bankruptcy News

Bankruptcy Canada statistics and other debt management new stories and how they affect you

Debt in Canada: Does it Lead to Bankruptcy in Canada?

 23 Feb 2012

Special Guest Commentary by Douglas Hoyes, CA, CIRP, Bankruptcy Trustee On February 22, 2012 I was interviewed on CBC Radio on a show about debt, and how we measure debt.  Also on the show was Craig Alexander, the Chief Economist from the TD Bank, who was quoted in a Globe…

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CIBC says older Canadians “Punch Drunk” on Debt

 26 Jan 2012

Special Guest Commentary by Douglas Hoyes, BA, CA, CIRP, CBV, Bankruptcy Trustee The CIBC released a study today saying that residents of Canada over the age of 45 are accumulating debt faster than all other Canadians.  To quote their study (which you can download from their website): A rising share…

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Massive Drop in Bankruptcy Canada Filings

 13 Jan 2012

According to Canada bankruptcy statistics just released by the Office of the Superintendent of Bankruptcy, for the twelve months ended October 31, 2011 bankruptcy filings in Canada dropped by a massive 15%, from 94,328 in 2010 to 80,184 in 2011.  The big question: why did the bankruptcy rate fall? There…

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Why Doesn’t Anyone File Bankruptcy in Canada in January?

 10 Jan 2012

Special Guest Commentary by J. Douglas Hoyes, BA, CA, CIRP, CBV, Bankruptcy Trustee I admit that it’s an exaggeration to say that “nobody” files bankruptcy in Canada during the month of January, but it is true that the number of personal bankruptcy filings is drastically reduced in January of each…

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Collection Agency and the Dragon’s Den

 03 Nov 2011

On the evening of Wednesday November 2, 2011 my Blackberry started buzzing.  The e-mails were all the same; they all said “are you watching The Dragon’s Den on CBC?”  I wasn’t; I was in the office. So this morning I went to the CBC website, and pulled up the video…

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