How Many People Go Bankrupt in Thunder Bay Ontario?
You are not alone. In 2010 there were 452 people in Thunder Bay that filed a bankruptcy or a consumer proposal. Full details can be found on our Thunder Bay bankruptcy and consumer proposal statistics page.
That’s a drop from the 600 people who filed in 2009, but it’s still a much higher number than who filed prior to the start of the recession in 2008.
It’s encouraging that almost 100 people choose to file a consumer proposal in Thunder Bay as an alternative to bankruptcy. It’s a good choice if you have a job but can’t pay your debts in full.
Here are the full numbers:
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2009
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| Bankruptcies | Proposals | Total | |
| Thunder Bay | 493 | 107 | 600 |
| Ontario | 46,521 | 20,414 | 66,935 |
| Canada | 116,381 | 35,331 | 151,712 |
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2010
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| Bankruptcies | Proposals | Total | |
| Thunder Bay | 356 | 96 | 452 |
| Ontario | 33,000 | 23,619 | 56,619 |
| Canada | 92,694 | 42,314 | 135,008 |
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Change
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| Bankruptcies | Proposals | Total | |
| Thunder Bay | -27.8% | -10.3% | -24.7% |
| Ontario | -29.1% | 15.7% | -15.4% |
| Canada | -20.4% | 19.8% | -11.0% |
To find out if a bankruptcy or a consumer proposal is right for you, please contact us today.
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