Canada doesn’t have higher bankruptcy rate than U.S.

A recent study from the Fraser Institute claims that the notion that medical expenses spikes the U.S. bankruptcy rate is wrong because Canada has a higher bankruptcy rate than the U.S. and Canada has nationalized healthcare.  However, over at Creditslip, they debunk this finding by showing that the study looked at only bankruptcy statistics from 2006-07 after the U.S. had enacted strict new bankruptcy filing rules.  If ten years of bankruptcy filing data is reviewed, Canada has a lower rate for eight of those years including 2008.

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