April 2016 – Personal Bankruptcy & Consumer Proposal Statistics

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April 2016 Personal Bankruptcy & Consumer Proposal Statistics

April 2016 Personal Bankruptcy & Consumer Proposal Statistics

On June 30, 2016, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian consumer debtors.

Canada – there were 63,715 personal bankruptcies and 59,652 consumer proposals filed in the 12-months ended April 30, 2016, for average total filings of approximately 10,280 per month. Personal bankruptcies were down 0.9% and consumer proposal filings were up 8.2% as compared to the 12-months ended April 30, 2015.

New Brunswick – there were 2,866 personal bankruptcies and 1,511 consumer proposals filed in the 12-months ended April 30, 2016, for average total filings of approximately 365 per month. Personal bankruptcies were down 2.6% and consumer proposal filings were up 13.5% as compared to the 12-months ended April 30, 2015.

Nova Scotia – there were 3,760 personal bankruptcies and 1,578 consumer proposals filed in the 12-months ended April 30, 2016, for average total filings of approximately 445 per month. Personal bankruptcies were down 0.8% and consumer proposal filings were up 4.2% as compared to the 12-months ended April 30, 2015.

Prince Edward Island – there were 526 personal bankruptcies and 289 consumer proposals filed in the 12-months ended April 30, 2016, for average total filings of approximately 68 per month. Personal bankruptcies were up 3.3% and consumer proposal filings were up 18.4% as compared to the 12-months ended April 30, 2015.

More detailed statistics are in the following table:


April 2016 Personal Bankruptcy & Consumer Proposal Statistics

April 2016 Personal Bankruptcy & Consumer Proposal Statistics

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of significant financial stress; 

  • You won’t be stuck in an assembly line process. 

  • You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.  

  • We will review your debt solution options, including filing a consumer proposal or personal bankruptcy. 

  • 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.