September 2016 – Personal Bankruptcy & Consumer Proposal Statistics

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September 2016 - Personal Bankruptcy & Consumer Proposal Statistics

September 2016 – Personal Bankruptcy & Consumer Proposal Statistics

On November 30, 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 63,782 personal bankruptcies and 62,125 consumer proposals filed in the 12-months ended September 30, 2016, for average total filings of approximately 10,492 per month.  Personal bankruptcies were up 0.1% and consumer proposal filings were up 9.2% as compared to the 12-months ended September 30, 2015.

New Brunswick – there were 2,826 personal bankruptcies and 1,477 consumer proposals filed in the 12-months ended September 30, 2016, for average total filings of approximately 359 per month.  Personal bankruptcies were down 3.5% and consumer proposal filings were up 0.4% as compared to the 12-months ended September 30, 2015.

Nova Scotia – there were 4,106 personal bankruptcies and 1,742 consumer proposals filed in the 12-months ended September 30, 2016, for average total filings of approximately 487 per month. Personal bankruptcies were up 12.4% and consumer proposal filings were up 14.9% as compared to the 12-months ended September 30, 2015.

Prince Edward Island – there were 517 personal bankruptcies and 306 consumer proposals filed in the 12-months ended September 30, 2016, for average total filings of approximately 68 per month.  Personal bankruptcies were up 7.9% and consumer proposal filings were up 11.7% as compared to the 12-months ended September 30, 2015.

More detailed statistics are in the following table:


September 2016 Personal Bankruptcy & Consumer Proposal Statistics

September 2016 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 major financial stress;

  • You won’t be stuck in an assembly line process.

  • 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.