2010 Bankruptcy Ontario Statistics Update
In 2010 a total of 66,935 residents of Ontario filed personal bankruptcy, or a consumer proposal.
Consumer bankruptcies decreased from 46,521 in 2009 to 33,000 in 2010 for an decrease of 29.1%. The number of consumer proposals filed in Ontario however had a significant increase, from 20,414in 2009 to 23,619 in 2010, an increase of 15.7%. Ontario’s overall decrease of 15.4% was comparable to the rate of decrease in Canada of 11%.
Why did personal bankruptcies drop, while consumer proposal filings increased? The bankruptcy rules changed in September 2009, making it more costly for some residents of Ontario to file bankruptcy. That made consumer proposals more attractive, so people who in the past may have filed bankruptcy chose instead to file a consumer proposal.
2010 Ontario Bankruptcy Statistics
According to statistics released by the Office of the Superintendent of Bankruptcy, the personal bankruptcy rate in Ontario decreased in 2010, as seen in the chart below. As the chart indicates, the personal bankruptcy rate in every Ontario cities increased.
| Ontario Cities | 2009 | 2010 | Rate of Increase |
| Barrie | 1,306 | 1,111 | -14.9% |
| Brantford | 822 | 659 | -19.8% |
| Cambridge | 533 | 691 | 30% |
| Guelph | 734 | 532 | -27.5% |
| Hamilton | 3,875 | 3,412 | -11.9% |
| Kitchener/Cambridge | 2,736 | 2,149 | -21.5% |
| London | 3,205 | 2,848 | -11.1% |
| St. Catharines/Niagara | 2,440 | 2,127 | -12.8% |
| Toronto (GTA) | 25,653 | 22,562 | -12% |
| Thunder Bay | 600 | 452 | -24.7% |
| Windsor | 2,676 | 1,916 | -28.4% |
| Ontario | 66,935 | 55,619 | -15.4% |
| Canada | 151,712 | 135,008 | -11% |
Please click here for 2008 Ontario Bankruptcy Statistics.
Please click here for 2007 Bankruptcy Ontario Statistics.
