Guide

2019 – 2024 Data Trends

Davies Insolvency Now, Issue 11

Authors: Natasha MacParland, Robin B. Schwill and Stephanie Ben-Ishai
November 19, 2024

In this issue of Insolvency Now, we report on the data trends we are seeing so far in 2024 compared with when we first started tracking data in 2019.

Key Takeaways:

  • Overall, we are seeing a marked increase in filings, but we are not yet seeing the level of sector-specific distress one might expect.
  • Personal insolvency rates have risen faster than corporate rates, which will have an impact on various corporate sectors.
  • Q1 experienced the most increase in filings, whereas Q2 had similar levels as the same quarter in 2023.
  • Although Q1 2024 appeared to suggest an increase in insolvency filings across the board, we also saw an increase in net business openings in that quarter.

We also look at misplaced restructuring stigma, how to rebrand a corporate reorganization and the importance of effective counsel.

Read the full issue.

Related

2023 Business Insolvencies in Canada

Mar. 05, 2024 - As we predicted in earlier issues of Davies Insolvency Now, the year 2023 reflected the anticipated increase in business insolvency activity. In this issue, we perform a comparative review of business insolvencies from 2023, examine the fluctuating volume and decreasing asset values, look...

Business Insolvency on the Rise in Canada: Understanding the Role of AI

Oct. 12, 2023 - The first half of 2023 saw a significant increase in business insolvencies as economic sectors responded to uncertain financial conditions in Canada and around the world. In this issue of Davies Insolvency Now, we examine the impact of this rolling recession by sector and region. We...

>