The press in Hamilton has done a great job reporting on the massive increase in the number of personal bankruptcy filings in Hamilton, and in Ontario, and Canada. The Hamilton Spectator interviewed me for an article that said that Bankruptcies Jump 36% in Hamilton area. I thought the article was a perfect summary of the situation, and I’m glad they included my comment that “behind every number, there’s a person.”
This morning I was interviewed live on the CHML Morning News on 900 CHML with with Shiona Thompson and Bob Bratina to talk about the massive increase in the number of personal bankruptcy filings in Hamilton, and in Canada. Listen to Doug Hoyes on 900 CHML here.
Here are the numbers: In the year ended September 30, 2009 the number of personal bankruptcies filed in the Hamilton-Niagara region were up 36%, and consumer proposals were up an astounding 51%. Over the last three months the number of personal bankruptcies increased by 39% in Hamilton, so it’s clear that the pace of filings is increasing. That’s not good news for the economy.
In the last year in the Hamilton area 5,468 people filed bankruptcy, and a further 2,047 people filed a consumer proposal. That’s a lot of people, and it proves that if you are having financial problems, you are not alone. The recession probably won’t end tomorrow, so if you are have more debt than you can handle, give us a call.
Our team in Hamilton, lead by Billy Martell and Wendy Young, understand how to deal with debt, and they are ready to help you with your questions, so give us a call in Hamilton today at 310-PLAN, or e-mail us today, and let’s get started.
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