The Office of the Superintendent of Bankruptcy has just reported that for the 12 months ending September 30, 2011 personal bankruptcies are down 23.2% and consumer proposals have increased by 3% in the Windsor area. In Ontario bankruptcies are down 23.5% and consumer proposal are up 8.4%.

The decreasing bankruptcy rate in Windsor is good news as our local economy slowly improves.

An increase in consumer proposals means that Windsorites are able to make payments on their debt, they just need some help.

What can you do for 2012? Make a plan to reduce your debt. Visit us at hoyes.com. We have some budgeting and money management tips available for you to use.