Related to the last post regarding bankruptcy data released by the Office of The Superintendent of Bankruptcy Canada, for the last three calendar years (January 2007 through December 2010) I’ve taken the data for both consumer and business insolvencies as well as for proposals.

The definition of Proposal from the OSBC website:

An offer to creditors to settle debts under conditions other than the existing terms. It is a formal agreement under the Bankruptcy and Insolvency Act.

First the consumer insolvencies and proposals.

Interesting to note that while actual insolvencies have been declining, proposals have not been and in fact show an opposite trend.

Now business insolvencies and proposals.

Business insolvencies peaked earlier, though the last couple of months have moved up significantly (which was not the case in November and December of 2009), even though business proposals have been flat.