Bankruptcies drop, consumer proposals increase in Cambridge

September 7, 2011

The Office of the Superintendent of Bankruptcy today released statistics for the number of insolvency filings in Canada in for the period ending June 30, 2011. As I often do (in my articles on past Cambridge bankruptcy statistics), I’ve analyzed the statistics for the city of Cambridge, and I present the total number of filings, [...]

Read the full article →

Co-signers and bankruptcy in Cambridge

August 4, 2011

Last week I met with three people in a row in my Cambridge bankruptcy and consumer proposal office, and they all asked me the same question: what will happen to my co-signer if I go bankrupt?  My answer? It depends. First, it depends on whether or not the loan they co-signed for continues to get [...]

Read the full article →

Bankruptcy Filings in Cambridge Drop in 2010

March 28, 2011

In my last post I discussed how Massive Debt Level Leads Joe Debtor to File Bankruptcy in Cambridge, and I made the point that high debt levels lead to bankruptcy.   But how many people in actually file bankruptcy in Cambridge?  The Office of the Superintendent of Bankruptcy has released the numbers, and here they are: [...]

Read the full article →

Massive Debt Level Leads Joe Debtor to File Bankruptcy in Cambridge

February 28, 2011

What does the average person who files bankruptcy in Cambridge look like? We all know the stereotypes: A bankrupt person is unemployed and “down and out”, right? Wrong. Today we are releasing Joe Debtor, The Face of Bankruptcy, a major study exploring the profile of the typical person who files bankruptcy in Ontario. We call [...]

Read the full article →

Cold in Cambridge: The Solution is Obvious

January 31, 2011

As I was driving to my Cambridge bankruptcy and consumer proposal office this morning, I stopped at a red light on Main Street, and I watched as few Cambridge residents walked by, presumably on their way to work. At 8:00 am this morning it was bitterly cold, around -20 degrees, so I was somewhat surprised [...]

Read the full article →

← Previous Entries

Next Entries →