June 2018 – Personal Bankruptcy & Consumer Proposal Statistics

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June 2018 - Personal Bankruptcy & Consumer Proposal Statistics

June 2018 – Personal Bankruptcy & Consumer Proposal Statistics

On August 31, 2018, 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 55,849 personal bankruptcies and 66,764 consumer proposals filed in the 12-months ended June 30, 2018.  Personal bankruptcies were down 7.6% and consumer proposal filings were up 6.5% as compared to the 12-months ended June 30, 2017.  There were 4,679 personal bankruptcies and 5,795 consumer proposals filed in Canada in the month of June 2018.

New Brunswick – there were 2,256 personal bankruptcies and 2,061 consumer proposals filed in the 12-months ended June 30, 2018.  Personal bankruptcies were down 16.3% and consumer proposal filings were up 20.4% as compared to the 12-months ended June 30, 2017.  There were 183 personal bankruptcies and 187 consumer proposals filed in New Brunswick in the month of June 2018.

Nova Scotia – there were 3,586 personal bankruptcies and 2,062 consumer proposals filed in the 12-months ended June 30, 2018.  Personal bankruptcies were down 12.0% and consumer proposal filings were up 10.4% as compared to the 12-months ended June 30, 2017.  There were 328 personal bankruptcies and 192 consumer proposals filed in Nova Scotia in the month of June 2018.

Prince Edward Island – there were 419 personal bankruptcies and 296 consumer proposals filed in the 12-months ended June 30, 2018.  Personal bankruptcies were down 7.9% and consumer proposal filings were down 4.6% as compared to the 12-months ended June 30, 2017.  There were 33 personal bankruptcies and 23 consumer proposals filed in Canada in the month of June 2018.

June 2018 – 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.