On September 29, 2017, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian debtors.
Canada – there were 60.033 personal bankruptcies and 62,913 consumer proposals filed in the 12-months ended July 31, 2017. Bankruptcies were down 5.7% and consumer proposal filings were up 3.4% as compared to the 12-months ended July 31, 2016.
New Brunswick – there were 2,675 personal bankruptcies and 1,754 consumer proposals filed in the 12-months ended July 31, 2017. Bankruptcies were down 5.9% and consumer proposal filings were up 20.5% as compared to the 12-months ended July 31, 2016.
Nova Scotia – there were 4,055 personal bankruptcies and 1,891 consumer proposals filed in the 12-months ended July 31, 2017. Bankruptcies were up 2.1% and consumer proposal filings were up 15.3% as compared to the 12-months ended July 31, 2016.
Prince Edward Island – there were 450 personal bankruptcies and 277 consumer proposals filed in the 12-months ended July 31, 2017. Bankruptcies were down 8.2% and consumer proposal filings were down 8.6% as compared to the 12-months ended July 31, 2016.
More detailed statistics are in the following table:
Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of significant financial stress;
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You won’t be stuck in an assembly line process.
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You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.
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We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.
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We help Canadians with overwhelming debt get fresh financial starts.
Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.
We offer free consultations to review your financial situation and practical debt resolution options. Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.