MAIRP Updates > Rise in business bankruptcies could signal a wave of defaults to come: expert
June 6, 2022
The number of bankruptcies filed by Canadian businesses is on the rise. According to the Canadian Association of Insolvency and Restructuring Professionals (CAIRP), there were 807 business bankruptcies and proposals filed in the first quarter of 2022. This is compared to 603 insolvencies filed at the same time last year.