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Does Canada have a personal bankruptcy problem episode artwork

May 17, 2026 9 min

Does Canada have a personal bankruptcy problem

from Today Explained Hosted by Today Explained

Data released by the Office of the Superintendent of Bankruptcy (OSB) highlights a sharp acceleration in Canadians reaching their financial breaking point. While full, asset-liquidating bankruptcies are only part of the story, total consumer insolvencies which include both bankruptcies and debt-restructuring consumer proposals have spiked dramatically. Become a supporter of this podcast: https://www.spreaker.com/podcast/today-explained--6659607/support. Don’t miss our latest episodes! follow us to stay updates with fresh news everyday. Let’s keep the support our podcast to serve update news entire the world!

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Does Canada have a personal bankruptcy problem

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