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Posted AT 9:08 AM EST on 04/07/08

Bankruptcies drop in May

The Canadian Press

OTTAWA — New figures show that bankruptcies dropped in May. The Office of the Superintendent of Bankruptcies is reporting 7,918 bankruptcies in May, down from 8,270 in April and 8,008 in May 2007. There were 7,364 personal bankruptcies and 554 business bankruptcies in May, bringing the 12-month total to 87,839.

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