The Office of the Superintendent of Bankruptcy Canada has released bankruptcy data for the first quarter of 2011.  bankruptcies continue to trend lower than the recession peak, and closer to pre-recession levels.

Here’s a long term graph of consumer bankruptcy data, from 1991 forward.

Since the beginning of 2007 (approximately pre-recession), you can see the leveling off in the short term chart.

In terms of actual numbers, here’s the comparison between the first quarter of 2011 and the first quarter of 2010.

Comparing bankruptcies and proposals (for consumers), the number of proposals for March (4,458) was the highest in the period I have data for (since January 2007).

For businesses, that same trend is not evident even though there was an up tick in both bankruptcies and proposals in March (bankruptcies up from 287 in February 2011 to 399 in March and proposals up from 81 to 169).