Nova Scotian personal bankruptcies are on the rise, according to the latest monthly statistics.
The Office of the Superintendant of Bankruptcy Canadas report on September insolvency in Canada shows that personal bankruptcies in Nova Scotia increased by 3.8 per cent to 553 from August.
Personal bankruptcies were 12.5 per cent higher in September, compared to a year earlier. The only Atlantic Canadian province with a higher annual increase in insolvencies was Newfoundland and Labrador at 32.6 per cent year over year. We think its kind of the perfect storm, said Francyne Hunter, bankruptcy trustree with Allan Marshall and Associates.
Many people are coming here from out west but cant afford their new cost of living, baby bo…
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