We believe that entrepreneurs should be encouraged and supported, particularly when they run into financial difficulty.
Tag: personal bankruptcy NB
2019 Surplus Income Standards
The Government of Canada has set net monthly income thresholds for a person or family to maintain a minimal standard of living in Canada. Every dollar that a bankrupt family makes above this level is subject to a surplus income payment of 50% while a person remains bankrupt.
February 2019 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 5.7% and consumer proposal filings were up 14.3% as compared to the 12-months ended February 28, 2018. New Brunswick – Personal bankruptcies were up 22.8% and consumer proposal filings were up 23.5% as compared to the 12-months ended February 28, 2018.
January 2019 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 4.5% and consumer proposal filings were up 9.4% as compared to the 12-months ended January 31, 2018. New Brunswick – Personal bankruptcies were down 6.7% and consumer proposal filings were up 18.9% as compared to the 12-months ended January 31, 2018.
December 2018 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 5.0% and consumer proposal filings were up 9.3% as compared to the 12-months ended December 31, 2017. New Brunswick – Personal bankruptcies were down 7.9% and consumer proposal filings were up 16.5% as compared to the 12-months ended December 31, 2017.
What happens to a business when a shareholder goes bankrupt?
A shareholder’s personal bankruptcy or consumer proposal always creates questions and sometimes concerns for anyone who has an interest in the business. Here are a few answers.
November 2018 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 4.9% and consumer proposal filings were up 8.4% as compared to the 12-months ended November 30, 2017. New Brunswick – Personal bankruptcies were down 9.1% and consumer proposal filings were up 19.9% as compared to the 12-months ended November 30, 2017.
Buying vs. Leasing a New Vehicle – Part Two – The Risks and Benefits of Leasing
Remember, leasing is like renting so there are usage limits. This isn’t actually your vehicle.
September 2018 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 6.3% and consumer proposal filings were up 7.6% as compared to the 12-months ended September 30, 2017. New Brunswick – Personal bankruptcies were down 14.3% and consumer proposal filings were up 18.4% as compared to the 12-months ended September 30, 2017.
October 2018 – Personal Bankruptcy & Consumer Proposal Statistics
Canada – Personal bankruptcies were down 5.7% and consumer proposal filings were up 8.1% as compared to the 12-months ended October 31, 2017.
New Brunswick – Personal bankruptcies were down 11.5% and consumer proposal filings were up 18.6% as compared to the 12-months ended October 31, 2017.