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There's been no spike in personal and business bankruptcies, but surge is expected this fall

from CBC News

There's been no spike in personal and business bankruptcies, but surge is expected this fall CBC News With the coronavirus pandemic leaving many in a precarious and dire financial situation, Lou Brzezinski and other lawyers and insolvency trustees have been sitting by the office phone, expecting it to ring. "And it's not ringing. And we ask ourselves what's going on?" When it comes to consumer bankruptcies, business is actually down — fewer people are filing now then they did before the pandemic began, said Brzezinski, a partner in the Toronto-based legal firm Blaney McMurtry and specializes in business reorganization, insolvency, liquidation and bankruptcy. READ MORE

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