VOCM article after I was chatting with Pete on VOCM Backtalk.
Bankruptcy in NL Increases 18%VOCM news article
I was chatting with Pete Soucy of VOCM Backtalk yesterday about the Office of the Superintendent of Bankruptcy’s latest statistics.
We discussed the numbers for Newfoundland and Labrador and how, as compared to last year, the number of bankruptcy and proposal filings is up 18% for the second quarter and that for the Avalon Peninsula the increase is 26%.
We also discussed some of the underlying causes such as the decrease in the price of oil and the impact that has had here at home as well as in Alberta (which also affects Newfoundlanders and Labradorians).
Hopefully the next time I call in it will be with good news about what is happening.