On August 31, 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 63,235 personal bankruptcies and 62,616 consumer proposals filed in the 12-months ended June 30, 2017. Bankruptcies were down 5.9% and consumer proposal filings were up 2.4% as compared to the 12-months ended June 30, 2016.
New Brunswick – there were 2,742 personal bankruptcies and 1,722 consumer proposals filed in the 12-months ended June 30, 2017. Bankruptcies were down 7.1% and consumer proposal filings were up 14.4% as compared to the 12-months ended June 30, 2016.
Nova Scotia – there were 4,128 personal bankruptcies and 1,722 consumer proposals filed in the 12-months ended June 30, 2017. Bankruptcies were up 3.3% and consumer proposal filings were up 14% as compared to the 12-months ended June 30, 2016.
Prince Edward Island – there were 466 personal bankruptcies and 286 consumer proposals filed in the 12-months ended June 30, 2017. Bankruptcies were down 10.2% and consumer proposal filings were down 7.1% as compared to the 12-months ended June 30, 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.