Alliance - Bankruptcies

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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.

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Alliance had 52 bankruptcies reported in 2020, declining -23.5% from 68 in 2019. Please note that newer data for this indicator is available, but not for Alliance.

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Bankruptcies

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View this dataset on the Alberta Open Government Website

Alliance - Bankruptcies

Bankruptcies

Source Attribution

Last Updated - May 25, 2023