Acadia No. 34 - Bankruptcies

A bankruptcy is a legal process governed by the Bankruptcy and Insolvency Act for a person who can no longer pay back debt. The person who owes the debt assigns all assets -with some exceptions -to a Licensed Insolvency Trustee who sells it or uses it to help pay the debt to the creditors. A 'person' can be a human being (natural person), a partnership or a corporation that is recognized by law as having rights and duties.

Acadia No. 34 had 39 bankruptcies reported in 2020, remarkably declining -45.8% from 72 in 2019. Please note that newer data for this indicator is available, but not for Acadia No. 34.

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Acadia No. 34
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Bankruptcies

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View this dataset on the Alberta Open Government Website

Acadia No. 34 - Bankruptcies

Bankruptcies

Source Attribution

Last Updated - September 05, 2024