Insolvencies In Alberta Spike 15 Per Cent Over Last Year

Alberta's volume of insolvency filings continues to surpass the numbers seen during the global financial crisis a decade ago, as people and businesses still suffer the effects of the latest recession, CBC reported. The latest report from the Office of the Superintendent of Bankruptcy Canada says there were 15 per cent more consumer insolvencies in Alberta during the 12 months ending in October 2019, compared to a year earlier. The report says 16,315 Albertans filed for insolvency during that time, compared with 14,192 the previous year. Donna Carson, a licensed insolvency trustee, says people in her profession are being kept busy. "Alberta is seeing numbers that are about 20 per cent higher than they were even back then [in 2008]," she said. Read more