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End of recession brings drop in Alberta bankruptcies
Fewer personal and business bankruptcies in Alberta
EDMONTON — Fewer Albertans are filing for bankruptcy as they emerge from dark economic times, a new report suggests.
The number of personal bankruptcies fell to 744 in April from 776 in March and 838 in April 2009, the federal bankruptcy agency says.
The number of proposals -- offers to creditors to settle debts under conditions other than the existing terms -- fell by 10 per cent for consumers, who were hit hardest by the recession as companies slashed jobs and cut production.
Read full article here
Fewer personal and business bankruptcies in Alberta
EDMONTON — Fewer Albertans are filing for bankruptcy as they emerge from dark economic times, a new report suggests.
The number of personal bankruptcies fell to 744 in April from 776 in March and 838 in April 2009, the federal bankruptcy agency says.
The number of proposals -- offers to creditors to settle debts under conditions other than the existing terms -- fell by 10 per cent for consumers, who were hit hardest by the recession as companies slashed jobs and cut production.
Read full article here