November 2018 – Personal Bankruptcy & Consumer Proposal Statistics

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November 2018 - Personal Bankruptcy & Consumer Proposal Statistics

November 2018 – Personal Bankruptcy & Consumer Proposal Statistics

On January 4 2019, 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 58,035 personal bankruptcies and 70,475 consumer proposals filed in the 12-months ended November 30, 2018.  Personal bankruptcies were down 4.9% and consumer proposal filings were up 8.4% as compared to the 12-months ended November 30, 2017.  There were 4,887 personal bankruptcies and 6,774 consumer proposals filed in Canada in the month of November 2018.

New Brunswick – there were 2,307 personal bankruptcies and 2,234 consumer proposals filed in the 12-months ended November 30, 2018.  Personal bankruptcies were down 9.1% and consumer proposal filings were up 19.9% as compared to the 12-months ended November 30, 2017.  There were 216 personal bankruptcies and 220 consumer proposals filed in New Brunswick in the month of November 2018.

Nova Scotia – there were 3,536 personal bankruptcies and 2,094 consumer proposals filed in the 12-months ended November 30, 2018.  Personal bankruptcies were down 8.4% and consumer proposal filings were up 7.7% as compared to the 12-months ended November 30, 2017.  There were 299 personal bankruptcies and 191 consumer proposals filed in Nova Scotia in the month of November 2018.

Prince Edward Island – there were 416 personal bankruptcies and 299 consumer proposals filed in the 12-months ended November 30, 2018.  Personal bankruptcies were up 3.0% and consumer proposal filings were up 5.7% as compared to the 12-months ended November 30, 2017.  There were 35 personal bankruptcies and 28 consumer proposals filed in Canada in the month of November 2018.

November 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.