Canadian Association of Insolvency and Restructuring Professionals

Canadian consumer insolvencies hit highest quarterly level since 2009: CAIRP

Mario Toneguzzi -
There were 37,523 consumer insolvencies filed during the quarter, up 6.9 per cent from the same period a year earlier and 1.1 per cent from the first quarter.

Consumer insolvencies surge in first quarter to highest level since 2019

Mario Toneguzzi -
Equivalent to roughly 17 Canadians filing for insolvency every hour during the quarter, on average.

Consumer insolvencies reach second-highest annual level on record in 2025 as business filings fall

Mario Toneguzzi -
Consumer insolvencies rose 2.3 per cent last year from 2024 to 140,457 filings.

Q3 2025 Canadian consumer insolvencies climb 4.8% year-over-year, reaching highest level since 2009

Mario Toneguzzi -
Behind these numbers are Canadians who continue to struggle to balance daily expenses with mounting debt obligations.

Consumer insolvencies on the rise; business declines but still elevated: CAIRP

Mario Toneguzzi -
The Association said that even with short-term fluctuations, consumer insolvency volumes in 2025 remain notably higher than pre-pandemic norms.

Canadian consumer insolvencies rise by 20.5% in January amid financial pressures

Mario Toneguzzi -
Ongoing financial stress, including the high cost of living and escalating household debt, continues to play in driving up consumer insolvencies.

Spike of Insolvency Cases in Canada Could Signal More to Come for Retailers: Expert

Mario Toneguzzi -
An expert says that things will likely worsen under the stress of inflation and the withdrawal of pandemic-related government support, among other factors.
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