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View Full Version : Canadian personal bankruptcies soar in September!

Canadian
11-20-2009, 03:57 PM
Canadian personal bankruptcies increase almost 50% year-over-year in September 2009. I guess EI money are running out for many Canadians....

http://globeinvestor.com/servlet/story/GI.20091120.escenic_1371181/GIStory/
trent
11-20-2009, 04:40 PM
The bankruptcy numbers are bound to go much higher, with all the reckless borrowing we had in the last 8-10 years. Thos with large debt better pray interest rates don't go up sharply, because if Canadians are going bankrupt now with all-time low interest rates, imagine what happens when they have to service debt at 7-8%.
Rickson9
11-21-2009, 02:51 AM
This unfortunate data is definately not reflected in either the real estate or stock markets. As such, it is a non-event for me.
Elli Davis
11-22-2009, 11:05 AM
Yeah, I want some info about the real estate sector too. Without it, this article is not that interesting, really.
trent
11-23-2009, 07:07 PM
This unfortunate data is definately not reflected in either the real estate or stock markets. As such, it is a non-event for me.

All in due time...:p
Canadian
11-24-2009, 04:28 PM
This unfortunate data is definately not reflected in either the real estate or stock markets. As such, it is a non-event for me.

It might not affect you just yet, but keep in mind that you do not live/work/invest in isolation. You are just a miniscule part of the system and you better pay attention to such events if you want to stay ahead financially...
Rickson9
11-25-2009, 03:52 AM
It might not affect you just yet, but keep in mind that you do not live/work/invest in isolation. You are just a miniscule part of the system and you better pay attention to such events if you want to stay ahead financially...

I'm so tiny that it won't make a difference to me.
francisford
11-25-2009, 10:27 AM
Sigh. Personal bankruptcies reflect a sad fact of life.