Alberta personal bankruptcies at five-year low

Despite all the recent talk about personal debt loads Canadians are carrying, there was some good news recently from the Office of the Superintendent of Bankruptcy Canada.

In Alberta, there were 346 personal bankruptcies filed in December of last year and that is down from 420 in November.

Todd Hirsch, senior economist at ATB Financial, says that’s the lowest level of bankruptcies since December 2007.

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