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Eight per cent rise in bankruptcies in BC

VANCOUVER (NEWS1130) – Bankruptcies in Canada rose in November from October but continue the trend of being lower than the previous year, although BC was the opposite.

A federal agency says the month’s bankruptcies were 1.1% higher than October’s but 7.3% less than a year earlier.

BC, however saw a jump of 7.7% in bankruptcies year-over-year but a drop of 2.5% from the previous month. This province had a total of 838 bankruptcy filings in November, almost all of them by consumers.

The figures come from the Office of the Superintendent of Bankruptcy.