Insolvency business booms in Canada amid rate hikes
People who make a living guiding others through bankruptcy in Canada say they’ve never been busier.
People who make a living guiding others through bankruptcy in Canada say they’ve never been busier.
Record debt burdens, rising borrowing costs and, in some cases, bigger payday loans are driving many Canadians to seek relief, according to several licensed insolvency trustees who spoke to Bloomberg. They say November was their busiest on record, and December — typically a slow time of year in the insolvency trade — hasn’t let up.