Forty Mile County No. 8

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.

Forty Mile County No. 8 had 36 bankruptcies reported in 2020, declining -18.2% from 44 in 2019. Please note that newer data for this indicator is available, but not for Forty Mile County No. 8.

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Forty Mile County No. 8
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Bankruptcies

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View this dataset on the Alberta Open Government Website

Forty Mile County No. 8 - Bankruptcies

Bankruptcies

Source Attribution

Last Updated - February 03, 2024