September 2018 – Personal Bankruptcy & Consumer Proposal Statistics
On November 23, 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 55,468 personal bankruptcies and 67,923 consumer proposals filed in the 12-months ended September 30, 2018. Personal bankruptcies were down 6.3% and consumer proposal filings were up 7.6% as compared to the 12-months ended September 30, 2017. There were 4,477 personal bankruptcies and 5,528 consumer proposals filed in Canada in the month of September 2018.
New Brunswick – there were 2,241 personal bankruptcies and 2,147 consumer proposals filed in the 12-months ended September 30, 2018. Personal bankruptcies were down 14.3% and consumer proposal filings were up 18.4% as compared to the 12-months ended September 30, 2017. There were 198 personal bankruptcies and 184 consumer proposals filed in New Brunswick in the month of September 2018.
Nova Scotia – there were 3,483 personal bankruptcies and 2,049 consumer proposals filed in the 12-months ended September 30, 2018. Personal bankruptcies were down 12.6% and consumer proposal filings were up 9.9% as compared to the 12-months ended September 30, 2017. There were 293 personal bankruptcies and 145 consumer proposals filed in Nova Scotia in the month of September 2018.
Prince Edward Island – there were 413 personal bankruptcies and 298 consumer proposals filed in the 12-months ended September 30, 2018. Personal bankruptcies were down 2.1% and consumer proposal filings were up 7.6% as compared to the 12-months ended September 30, 2017. There were 25 personal bankruptcies and 18 consumer proposals filed in Canada in the month of September 2018.
September 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.