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How Many People Go Bankrupt in Mississuaga Each Year?
In 2007 there were 1,260 residents of Mississauga that filed personal bankruptcy. In addition, a further 745 Mississauga residents filed a consumer proposal.
The 745 consumer proposals filed in 2007 were the highest number of consumer proposals ever filed in Mississauga, 21% higher than the 618 proposals filed in 2006, and almost double the 480 consumer proposals filed back in 2004.
In contrast, the Mississauga personal bankruptcy rate remained virtually unchanged from the 1,259 personal bankruptcies filed in Mississauga filed in 2006.
Why are proposals increasing while bankruptcy filings remain stable? We believe it is because an increasing number of Mississauga residents want to avoid filing bankruptcy, but they need a way to deal with their debts. For many people, a consumer proposal is the perfect solution.
To find out whether a consumer proposal or a personal bankruptcy is the correct option for you, e-mail our Mississauga office or give our Mississauga office a call at (905) 848-3649 or 310-PLAN (no area code required) if you have any questions, or want to arrange a no-charge initial consultation.
The 745 consumer proposals filed in 2007 were the highest number of consumer proposals ever filed in Mississauga, 21% higher than the 618 proposals filed in 2006, and almost double the 480 consumer proposals filed back in 2004.
In contrast, the Mississauga personal bankruptcy rate remained virtually unchanged from the 1,259 personal bankruptcies filed in Mississauga filed in 2006.
Why are proposals increasing while bankruptcy filings remain stable? We believe it is because an increasing number of Mississauga residents want to avoid filing bankruptcy, but they need a way to deal with their debts. For many people, a consumer proposal is the perfect solution.
To find out whether a consumer proposal or a personal bankruptcy is the correct option for you, e-mail our Mississauga office or give our Mississauga office a call at (905) 848-3649 or 310-PLAN (no area code required) if you have any questions, or want to arrange a no-charge initial consultation.
posted by J. Douglas Hoyes, CA, Trustee @ 1:04 PM
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