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Canada – Personal bankruptcies were down 1.6% and consumer proposal filings were up 6.4% as compared to the 12-months ended February 29, 2016.
New Brunswick – Personal bankruptcies were down 0.5% and consumer proposal filings were up 1.8% as compared to the 12-months ended February 29, 2016.
There are lots of factors but, I think the greatest single contributor is the proliferation of easy credit combined with low levels of financial literacy. High debt levels limit financial flexibility and the ability to weather and recover from financial setbacks resulting from job loss, reduced income, illness, separation/divorce, and other life events.
Canada – Personal bankruptcies were down 2.9% and consumer proposal filings were up 9.2% as compared to the 12-months ended September 30, 2014.
New Brunswick – Personal bankruptcies were up 1.5% and consumer proposal filings were up 14.8% as compared to the 12-months ended August 31, 2014.
Canada – Personal bankruptcies were down 5.3% and consumer proposal filings were up 9.2% as compared to the 12-months ended June 30, 2014.
New Brunswick – Personal bankruptcies were up 0.4% and consumer proposal filings were up 10.3% as compared to the 12-months ended June 30, 2014.
