Yearly Archives: 2008

Ontario Bankruptcy Statistics 2007
By Bankruptcy Ontario Trustee
05 Apr 2008 | Category: Bankruptcy in Ontario | Leave a comment

In 2007 the rate of personal bankruptcy and consumer proposal filing increased by 8.2%. Consumer bankruptcies increased from 29,851 in 2006 to 31,409 in 2007 for an increased of 5.2%. The number of consumer proposals filed in Ontario had a significant increase, from 9,381 in 2006 to 11,025 in 2007, and increased…

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Corporate Bankruptcy in Ontario and Personal Bankruptcy
By Bankruptcy Ontario Trustee
20 Mar 2008 | Category: Bankruptcy in Ontario
business vs personal bankruptcy in Ontario

Question: We are a numbered company. We have been struggling to keep our trucking business afloat, but going further behind each month. If our corporation files bankruptcy do we lose our personal assets, like our house and car? Answer: If a corporation goes bankrupt, the owners of the corporation do…

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