March 2018 – Personal Bankruptcy & Consumer Proposal Statistics
On May 31, 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 56,816 personal bankruptcies and 65,095 consumer proposals filed in the 12-months ended March 31, 2018. Personal bankruptcies were down 8.9% and consumer proposal filings were up 3.1% as compared to the 12-months ended March 31, 2017. There were 4,834 personal bankruptcies and 6,481 consumer proposals filed in Canada in the month of March 2018.
New Brunswick – there were 2,356 personal bankruptcies and 1,964 consumer proposals filed in the 12-months ended March 31, 2018. Personal bankruptcies were down 16.6% and consumer proposal filings were up 19.5% as compared to the 12-months ended March 31, 2017. There were 200 personal bankruptcies and 193 consumer proposals filed in New Brunswick in the month of March 2018.
Nova Scotia – there were 3,704 personal bankruptcies and 1,949 consumer proposals filed in the 12-months ended March 31, 2018. Personal bankruptcies were down 11.1% and consumer proposal filings were up 4.2% as compared to the 12-months ended March 31, 2017. There were 282 personal bankruptcies and 180 consumer proposals filed in Nova Scotia in the month of March 2018.
Prince Edward Island – there were 411 personal bankruptcies and 279 consumer proposals filed in the 12-months ended March 31, 2018. Personal bankruptcies were down 11.6% and consumer proposal filings were down 10.0% as compared to the 12-months ended March 31, 2017. There were 40 personal bankruptcies and 41 consumer proposals filed in Canada in the month of March 2018.
March 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.