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Sask. sees biggest jump in consumer bankruptcies in May
Published Thursday, August 3, 2017 11:25AM CST
New statistics show Saskatchewan saw the biggest jump in bankruptcies filed by consumers in May.
The federal Office of the Superintendent of Bankruptcy says 143 bankruptcies were filed by consumers in the province during the month, an increase of 18 per cent from April.
B.C. had the second-highest increase in consumer bankruptcies at 16.9 per cent, followed by Manitoba at 15.7 per cent.
On a year-over-year basis, consumer bankruptcies in Saskatchewan rose 22 per cent, while all other provinces posted decreases.
Fifteen businesses filed for bankruptcy in Saskatchewan in May, up 50 per cent compared to the previous month. Manitoba saw the biggest spike in business bankruptcies at 150 per cent, while Nova Scotia was second at 100 per cent.
Saskatchewan and Alberta tied for the highest year-over-year percentage increase in business bankruptcies at 114 per cent.