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Podcast: DebtMatters Podcast
Episode: 19 - Bankruptcy Demographics: Who Files for Bankruptcy?
Description: Although the COVID-19 pandemic has likely created more financial distress for Canadians, Bankruptcy filings have declined. However, there is often a delay between when people start to recognize the severity of their debt problems and when they take action. Who are the people that file for Bankruptcy? You may be surprised. Licensed Insolvency Trustee, Jillian Taylor-Mancusi of LCTaylor delves into who the typical debtor is and why they end up declaring Bankruptcy. Jillian also explores:Why Bankruptcy filings have gone down and what may happen in the futureThe average amount people who file for Bankruptcy oweThe w...