Tag: bankruptcies

Bankruptcies could make a comeback in 2022, with the potential end of all financial aid. • Read also: Survey: Quebecers have the best financial health in the country • Read also: Canada's inflation rate at highest since 1991 “For many reasons that escape us, there are many things during the pandemic that are inexplicable. One of them is a drop in bankruptcies and insolvency, both personal and commercial,” testified Fabien Tremblay, trustee at Tremblay et Cie, located in Chicoutimi. When the pandemic started, trustees predicted a rise in bankruptcies. But that didn't happen. However, after 22 months of health crisis, personal bankruptcies have even dropped by 30 to 40%. The percentage could increase rapidly. “Everyone in our field expects there to be a ...