Bankruptcies are on the rise in Calgary and across Alberta, and there widespread concern over the long-term impacts.
The number of Alberta business bankruptcies in October 2019 increased by 15.4 per cent from the same period a year ago, from 13 to 15. Consumer bankruptcies in Alberta increased by 8.7 per cent, from 447 in October 2018, to 486 in October 2019.
Financial adviser Filomena May talks about the roots of the problem, and what individuals can do to cope in these difficult times.
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