Bankruptcy rates in the country are now at the highest level since the 2008/09 financial crisis.

A recent Equifax Canada report shows more Canadians are struggling to make ends meet, and are facing mounting pressure to cover monthly bills and debt obligations.

Nancy Snedden, host of Your Money on VOCM, and President of BDO Debt Solutions, says it’s important that people reach out to find available solutions.

Snedden says in the second quarter, there were more than 37,000 Canadians who filed for bankruptcy. that’s 6.9% higher than last year.

“The number…works out to roughly seventeen Canadians filing (for bankruptcy) every hour,” says Snedden.