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5min chapter
Why are Canadian insolvencies close to record highs?
The Big Story
Trends in Canadian Consumer Insolvency and Bankruptcy
This chapter explores the distinctions between consumer insolvency and bankruptcy while detailing the functioning of consumer proposals in Canada. It examines the rising trends in insolvency filings, attributing the increase to economic challenges such as high living costs, stagnant incomes, and growing debt levels.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode