Biz bankruptcies fall

OTTAWA — There were fewer insolvencies in transportation and warehousing in April 2010, according to Canada’s Office of the Superintendent of Bankruptcy.

The agency reported that the total number of Canadian bankruptcies declined 1.3 per cent in April to 9,068, down from 9,187 in March, and down 21 percent from a year earlier.

"A reduction in insolvencies in the transportation and warehousing, construction, manufacturing, and other services — except public administration — sectors contributed to this decrease," the agency said.

Filings by consumers fell 1.7 per cent to 8,633 that month, while business failures were up 7.9 per cent to 435.

For the year, personal bankruptcies were down 21.1 per cent from April 2009 and business filings declined by 17.8 per cent.