The Office of the Superintendent of Bankruptcy recently released statistics. In the city of Windsor, a total of 1,258 people filed for bankruptcy and 198 filed a consumer proposal. That is an increase of 7.8% for bankruptcy and 38.5% for consumer proposals over 2004. Compare this to the provincial increases of 1.8% and 8%.
I was the trustee or administrator on over one fifth of these filings, making Hoyes, Michalos & Associates Inc. a very active firm in Windsor, Ontario in 2005.
These numbers are high, but remember that each situation is unique. I encourage you to email or call our Windsor office at 250-8060 or 310-PLAN to arrange a meeting to review your individual situation.
posted by Rebecca Martyn, CGA, CIRP, Trustee @ 9:15 AM
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