Insolvency then and now

Bankruptcy figures have been climbing. At June 30, 2010, 145,233 Canadians had filed for bankruptcy or a consumer proposal in the previous 12 months. While last year’s figures represent an increase of 33.7%, bankruptcy numbers have grown from less than 1,000 in the 1960s to 2,700 in 1971 and 19,000 in 1980. This has raised the profile for insolvency practitioners in the accounting profession. Read "Insolvency then and now" in the January/February 2011 CAmagazine online.