Bankruptcy Industry Overcharging Canadas Poorest $10 Million A  Year

Published By Market Wired

Published By Market Wired

Ottawa, August 12, 2014 – Each year it is estimated that more than 30,000 of Canada’s poorest overpay for their bankruptcies, according to Personal Bankruptcy Canada Inc., a national network of independent personal bankruptcy trustees.

In Ottawa attending the Canadian Association of Insolvency & Restructuring Professionals Annual Conference, Personal Bankruptcy Canada estimates the average overpayment amounts to $350 per person or approximately $10 million a year coming from the country’s lowest income earners filing for bankruptcy.

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