Are you sure it is the number one reason in Canada? The first source I could find that provide a percentage breakdown was from 2011 and had medical reasons as

Are you sure it is the number one reason in Canada? The first source I could find that provide a percentage breakdown was from 2011 and had medical reasons as #4: http://www.creditcards.ca/credit-card-news/top-ten-reasons-why-canadians-go-bankrupt-1265.php http://www.creditcards.ca/credit-card-news/top-ten-reasons-w... 1. Overextension of credit (22 per cent of all Canadian bankruptcies). 2. Seasonal employment (15 per cent). 3. Job loss (12.8 per cent). 4. Medical problems (11.3 per cent). ...