August 2018 – Personal Bankruptcy & Consumer Proposal Statistics
On October 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 55,853 personal bankruptcies and 67,655 consumer proposals filed in the 12-months ended August, 2018. Personal bankruptcies were down 6.4% and consumer proposal filings were up 7.0% as compared to the 12-months ended August 31, 2017. There were 4,635 personal bankruptcies and 5,844 consumer proposals filed in Canada in the month of August 2018.
New Brunswick – there were 2,234 personal bankruptcies and 2,121 consumer proposals filed in the 12-months ended August 31, 2018. Personal bankruptcies were down 16.2% and consumer proposal filings were up 18.2% as compared to the 12-months ended August 31, 2017. There were 199 personal bankruptcies and 213 consumer proposals filed in New Brunswick in the month of August 2018.
Nova Scotia – there were 3,525 personal bankruptcies and 2,060 consumer proposals filed in the 12-months ended August 31, 2018. Personal bankruptcies were down 12.0% and consumer proposal filings were up 8.3% as compared to the 12-months ended August 31, 2017. There were 293 personal bankruptcies and 186 consumer proposals filed in Nova Scotia in the month of August 2018.
Prince Edward Island – there were 422 personal bankruptcies and 301 consumer proposals filed in the 12-months ended August 31, 2018. Personal bankruptcies were down 3.0% and consumer proposal filings were up 6.0% as compared to the 12-months ended August 31, 2017. There were 31 personal bankruptcies and 30 consumer proposals filed in Canada in the month of August 2018.
August 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;
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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.