Face of bankruptcy: older and deeper in debt, study finds – The Globe and Mail

Canadians who end up having to declare bankruptcy are increasingly older and deeper in debt, says a new study.A review of about 7,000 personal insolvency filings from 2011 and 2012 indicates that the typical insolvent person is a 43-year-old male with more than $61,000 in unsecured debt, according to Hoyes, Michalos & Associates Inc., an Ontario consumer proposal and trustee in bankruptcy firm.

via Face of bankruptcy: older and deeper in debt, study finds – The Globe and Mail.

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