Okotoks - 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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Okotoks had 30 bankruptcies reported in 2020, remarkably declining -53.1% from 64 in 2019. Please note that newer data for this indicator is available, but not for Okotoks.

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Okotoks
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Bankruptcies

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View this dataset on the Alberta Open Government Website

Okotoks - Bankruptcies

Bankruptcies

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Last Updated - May 25, 2023