“Consumer bankruptcies led the rise, spiking by 50.1 per cent year over year to 7,821 people, one of the biggest year-over-year jumps in history, according to some observers. “I can’t remember an increase like that. That’s kind of blown it off the charts, frankly,” said Douglas Hoyes, a bankruptcy trustee with Hoyes, Michalos & Associates Inc. “I would have said maybe a 25 to 30 per cent increase based on our call volumes. But 50 per cent? That’s stunning.””
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