The Office of the Superintendent of Bankruptcy Canada has released the figures for October 2010 for consumer insolvencies. In October there were  7,844 insolvencies.

The figures continue to be below the peak numbers of 2009 and October is the second month in a row that the bankruptcy numbers have been lower than the numbers for 2008, though they’re still higher than the numbers for 2007.

Here’s the long term chart with data from 1991 onwards.

And another chart showing the data just previous to the current recession to the present.

So while the numbers have been going down, they still remain above pre-recession levels. The figures continue to be below the peak numbers of 2009 and October is the second month in a row that the bankruptcy numbers have been lower than the numbers for 2008, though they’re still higher than the numbers for 2007.

The numbers in Canada have at least been declining unlike in the United States where the personal bankruptcy figures for 2010 exceeded those of 2009. Note that, however, all the figures for 2010 are not yet available for Canada.

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