June 2017 Bankruptcy & Consumer Proposal Statistics

5 September 2017
Personal Bankruptcy & Consumer Proposal Statistics

On August 31, 2017, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian debtors.  This article focuses on statistics for Personal Bankruptcy and Consumer Proposal filings in New Brunswick, Nova Scotia, and Prince Edward Island.

Canada

There were 60,459 personal bankruptcies and 62,718 consumer proposals filed in the 12-months ended June 30, 2017. Bankruptcies were down 5.8% and consumer proposal filings were up 2.6% as compared to the 12-months ended June 30, 2016.

 

New Brunswick

There were 2,742 personal bankruptcies and 1,722 consumer proposals filed in the 12-months ended June 30, 2017. Bankruptcies were down 7.1% and consumer proposal filings were up 14.4% as compared to the 12-months ended June 30, 2016.

 

Nova Scotia

There were 4,128 personal bankruptcies and 1,875 consumer proposals filed in the 12-months ended June 30, 2017. Bankruptcies were up 6.1% and consumer proposal filings were up 17.9% as compared to the 12-months ended June 30, 2016.

 

Prince Edward Island

There were 466 personal bankruptcies and 308 consumer proposals filed in the 12-months ended June 30, 2017. Bankruptcies were down 10.2% and consumer proposal filings were down 7.1% as compared to the 12-months ended June 30, 2016.

More detailed statistics are in the following table:

Personal Bankruptcy & Consumer Proposal Statistics
Personal Bankruptcy & Consumer Proposal Statistics

Powell Associates Ltd. is a licensed insolvency trustee focused on providing debt settlement, consumer proposal and personal bankruptcy solutions for individuals and businesses. We offer free consultations to review your personal financial situation and practical debt resolution options. Contact us to discuss your situation over the phone or book an appointment to meet us face-to-face in Saint John, Moncton, Fredericton, Charlottetown or Dartmouth – it’s your choice.