US EditionInsolvency filings in May rise from April, but down from last year
- In May, Canada saw a 2.6% decrease in insolvencies compared to May 2024, totaling 12,395, as reported by the Office of the Superintendent of Bankruptcy.
- The total number of insolvencies rose by 2.3% from April, which recorded 12,114 cases.
- Consumer insolvencies in May reached 12,004, including 2,631 bankruptcies and 9,373 proposals.
- Business insolvencies in May totaled 391, down from 530 a year earlier, including 301 bankruptcies and 90 proposals.
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May's insolvency statistics show an increase from April, but a decrease compared to last year when the Bank of Canada had not yet started to lower its interest rates.
·Montreal, Canada
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INSOLVENCY NOTICES: Appointment of Administrators – June 2025 - Credit Connect
In June, the following administration notices were issued and advertised in the London Gazette for the following companies: 79TH COMMERCIAL ONE LTD 79TH LUXURY LIVING FOUR LIMITED A B DEVELOPMENTS (YORKSHIRE) LIMITED AGFORM LIMITED AIDRIVERS LTD ALEGATUM LIMITED ALFRED CHARLES HOMES (BRACEY’S FIELD) LTD ALUFOLD DIRECT LIMITED ANDREW PLASTICS LTD APPLIANCE HOUSE LTD ARMADILLO MANAGED SERVICES LIMITED ARMSON ENGINEERING LIMITED ARTIS …
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Leaning Left6Leaning Right2Center1Last UpdatedBias Distribution67% Left
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11%
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