How Many People Declared Personal Bankruptcy in Brantford in 2005?
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 & Ass
