Bankruptcy cases up by 10 per cent in Alberta

A new report on insolvency in Canada shows the number of people and businesses filing for bankruptcy this year has increased by 10 per cent since the same time last year. According to the Office of the Superintendent of Bankruptcy Canada's June report, there were 4,294 total insolvency cases filed in Alberta during the second quarter of this year, up from 3,884 the year before. MNP Ltd., Canada's largest insolvency firm says one of the chief contributors to household debt are home equity lines o