How many people declared personal bankruptcy or filed a consumer proposal in Brantford, Ontario in 2005?
In statistics just released by the Office of the Superintendent of Bankruptcy, in the city of Brantford, Ontario for the year 2005, a total of 470 individuals declared themselves to be insolvent, with 360 individuals filing a personal bankruptcy in Brantford and 110 debtors filed a consumer proposal.
Personal bankruptcy and proposal filings fell by 2.3% in 2005 in Brantford, as compared to an increase of 3.1% in Ontario.
This favourable performance in Brantford was due primarily to strong employment growth of 5.5% in 2005, as compared to a decline of 3.3% in 2004. The unemployment rate in Brantford fell from 7.1% in 2004 to 6.6% in 2005. Housing starts increased by 10.8 in 2005 in Brantford, which obviously contributed to the improved employment picture.
I was the administrator on almost half of all consumer proposals filed in Brantford, Ontario, in 2005, making Hoyes Michalos & Associates Inc. the most active consumer proposal filer in Brantford, Ontario in 2005.
It takes experience to understand what consumer proposal terms are likely to be accepted by your creditors, so I encourage you to put our experience to work for you by e-mailing us a question or giving our Brantford office a call at 622-3773 or 310-PLAN to get us started working with you.
