On March 31, 2016, 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 63,233 personal bankruptcies and 58,407 proposals filed in the 12-months ended January 31, 2016, for average total filings of approximately 10,137 per month. Bankruptcies were down 1.9% and proposal filings were up 9.1% as compared to the 12-months ended January 31, 2015.
New Brunswick – there were 2,827 personal bankruptcies and 1,525 proposals filed in the 12-months ended January 31, 2016, for average total filings of approximately 363 per month. Bankruptcies were down 5% and proposal filings were up 19% as compared to the 12-months ended January 31, 2015.
Nova Scotia – there were 3,646 personal bankruptcies and 1,562 proposals filed in the 12-months ended January 31, 2016, for average total filings of approximately 434 per month. Bankruptcies were down 3.5% and proposal filings were up 3.3% as compared to the 12-months ended January 31, 2015.
Prince Edward Island – there were 517 personal bankruptcies and 301 proposals filed in the 12-months ended January 31, 2016, for average total filings of approximately 68 per month. Bankruptcies were up 6.2% and proposal filings were up 42% as compared to the 12-months ended January 31, 2015.
More detailed statistics are in the following table:
Powell Associates Ltd. is a Licensed Insolvency Trustee, a small firm of experienced, hands-on insolvency practitioners; you won’t get stuck in an assembly line process. You will expect and receive prompt responses and resolutions of issues from our supportive and experienced team.
We will review your debt solutions 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 and unsecured creditors are prohibited from contacting you or continuing legal proceedings against you. Contact us for a free, no-obligation consultation.
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.
-
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.