September 2019 – Personal Bankruptcy & Consumer Proposal Statistics
September 2019 – Personal Bankruptcy & Consumer Proposal Statistics
On November 8, 2019, 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 54,466 personal bankruptcies and 79,457 consumer proposals filed in the 12-months ended September 30, 2019. Personal bankruptcies were down 1.8% and consumer proposal filings were up 17.0% as compared to the 12-months ended September 30, 2018. There were 4,713 personal bankruptcies and 7,222 consumer proposals filed in Canada in the month of September 2019.
New Brunswick – there were 2,366 personal bankruptcies and 2,459 consumer proposals filed in the 12-months ended September 30, 2019. Personal bankruptcies were up 5.6% and consumer proposal filings were up 14.5% as compared to the 12-months ended September 30, 2018. There were 205 personal bankruptcies and 233 consumer proposals filed in New Brunswick in the month of September 2019.
Nova Scotia – there were 3,292 personal bankruptcies and 2,583 consumer proposals filed in the 12-months ended September 30, 2019. Personal bankruptcies were down 5.5% and consumer proposal filings were up 26.1% as compared to the 12-months ended September 30, 2018. There were 239 personal bankruptcies and 249 consumer proposals filed in Nova Scotia in the month of September 2019.
Prince Edward Island – there were 386 personal bankruptcies and 348 consumer proposals filed in the 12-months ended September 30, 2019. Personal bankruptcies were down 6.5% and consumer proposal filings were up 16.8% as compared to the 12-months ended September 30, 2018. There were 21 personal bankruptcies and 21 consumer proposals filed in Canada in the month of September 2019.
September 2019 – 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.