June 2020 – Personal Bankruptcy & Consumer Proposal Statistics
June 2020 – Personal Bankruptcy & Consumer Proposal Statistics
On August 5, 2020, 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 45,146 personal bankruptcies and 77,104 consumer proposals filed in the 12-months ended June 30, 2020. Personal bankruptcies were down 16.8% and consumer proposal filings were up 2.4% as compared to the 12-months ended June 30, 2019. There were 2,185 personal bankruptcies and 4,164 consumer proposals filed in Canada in the month of June 2020.
New Brunswick – there were 1,913 personal bankruptcies and 2,294 consumer proposals filed in the 12-months ended June 30, 2020. Personal bankruptcies were down 19.0% and consumer proposal filings were down 4.3% as compared to the 12-months ended June 30, 2019. There were 88 personal bankruptcies and 117 consumer proposals filed in New Brunswick in the month of June 2020.
Nova Scotia – there were 2,421 personal bankruptcies and 2,577 consumer proposals filed in the 12-months ended June 30, 2020. Personal bankruptcies were down 28.5% and consumer proposal filings were up 9.7% as compared to the 12-months ended June 30, 2019. There were 101 personal bankruptcies and 104 consumer proposals filed in Nova Scotia in the month of June 2020.
Prince Edward Island – there were 314 personal bankruptcies and 290 consumer proposals filed in the 12-months ended June 30, 2020. Personal bankruptcies were down 18.9% and consumer proposal filings were down 14.2% as compared to the 12-months ended June 30, 2019. There were 12 personal bankruptcies and 12 consumer proposals filed in Canada in the month of June 2020.
June 2020 – 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;
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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.