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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1148 |
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Business bankruptcies fell 10.3 percent in 2006 while consumer bankruptcies fell 6.4 percent. The largest decline in business bankruptcies in 2006 was in Alberta, where the number of bankruptcy filings fell more than 44 percent. The largest drop in personal bankruptcies was also in Alberta, where they fell more than 30 percent...
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One potential explanation for this decline was that many manufacturing firms were adjusting by lowering their cost structure and cutting labor. While the number of personal bankruptcies were falling in Canada, the dollar amount was growing. Average dollar amount liabilities among those who declared personal bankruptcy rose 6...
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