{"id":786922,"date":"2026-07-07T21:57:08","date_gmt":"2026-07-07T21:57:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/786922\/"},"modified":"2026-07-07T21:57:08","modified_gmt":"2026-07-07T21:57:08","slug":"canadian-insolvency-filings-rebound-to-4th-highest-may-on-record","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/786922\/","title":{"rendered":"Canadian Insolvency Filings Rebound To 4th-Highest May On Record"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Canadian insolvency filings improved last year, but that progress is rolling back. <a href=\"https:\/\/ised-isde.canada.ca\/site\/office-superintendent-bankruptcy\/en\" rel=\"nofollow noopener\" target=\"_blank\">Office of the Superintendent of Bankruptcy Canada (OSB)<\/a> data shows insolvency filings climbed in May. Both consumer and business insolvencies are on the rise once again, and they\u2019re both at historically elevated levels.\u00a0<\/p>\n<p>Canadian Insolvency Filings Hit 4th-Highest May On Record\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Canadian total insolvency filings, including consumer and business filings for the month of May.<\/p>\n<p class=\"wp-block-paragraph\">Source: OSB; Better Dwelling.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Insolvency filings are on the rise, already reversing last year\u2019s improvements. The OSB received 12,536 filings in May, 1.1% more than last year but 1.5% lower than May 2024. This is a slight regression, but these levels were already elevated. Canada historically maintains low insolvency volumes, but 2026 saw the fourth-highest volume of filings in at least 39 years of data.\u00a0<\/p>\n<p>Consumer Insolvencies Climb, Remain At Staggering Levels<\/p>\n<p class=\"wp-block-paragraph\">Canadian consumer insolvency filings for the month of May.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Source: OSB; Better Dwelling.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">As always, consumer filings made up the lion\u2019s share with 12,131 filings in May, up 1.1% from last year. Considering these make up 97% of the total filings, a typical share, it\u2019s no surprise the consumer trend looks similar to the total. It also marks the fourth-most filings on record for May, though it\u2019s much closer to 2024\u2014just 0.5% lower. It\u2019s a problem that looks a little more concerning when contrasted with a population that\u2019s shrinking.\u00a0<\/p>\n<p>Canadian Business Insolvencies Rise, Silent Failures More Common\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Canadian business insolvency filings for the month of May.<\/p>\n<p class=\"wp-block-paragraph\">Source: OSB; Better Dwelling.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Business insolvencies are growing more aggressively with 405 filings in May, 3.6% higher than last year. This growth is 3x the total, and it\u2019s the second-highest May filing in over a decade. However, business filings look lower than historical volumes, especially around the elevated levels in the 90s and early 2000s.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">That may seem like businesses aren\u2019t suffering from as much stress as consumers, but <a href=\"https:\/\/betterdwelling.com\/canadas-active-business-count-falls-to-a-28-month-low\/\" rel=\"nofollow noopener\" target=\"_blank\">it stands in contrast with the business closure data that shows a rapidly shrinking landscape<\/a>.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">This implies more silent failures, where businesses wind down and liquidate assets without seeking formal debt relief. This serves as a good reminder that more insolvencies mean rising stress amongst borrowers, but fewer insolvencies just means fewer insolvencies\u2014not necessarily less stress.<\/p>\n<p>\n\tYou Might Also Like<\/p>\n","protected":false},"excerpt":{"rendered":"Canadian insolvency filings improved last year, but that progress is rolling back. Office of the Superintendent of Bankruptcy&hellip;\n","protected":false},"author":2,"featured_media":786923,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-786922","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/786922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=786922"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/786922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/786923"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=786922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=786922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=786922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}