The most recent bankruptcy study from personal insolvency firm Hoyes, Michalos & Associates revealed an outsized risk of insolvency among millennials in Ontario. As if that news werent concerning enough, the report also points to a significant risk within another important group.
We continue to see a rise in women filing insolvency. As of 2018, 48.6% of insolvencies were filed by female debtors and the rate of insolvencies by gender is converging towards that of the overall adult population which, according to Statistics Canada, was 50.7% female as of July 1, 2018, the study said.
Citing a previous study on women and bankruptcy that the firm published in 2017, the report said that women face a higher risk of fi…
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