September 2017 Bankruptcy & Consumer Proposal Statistics

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On November 30, 2017, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and consumer proposal filings for Canadian debtors.

Canada - there were 59,192 personal bankruptcies and 63,104 consumer proposals filed in the 12-months ended September 30, 2017.  Bankruptcies were down 7.2% and consumer proposal filings were up 1.6% as compared to the 12-months ended September 30, 2016.

New Brunswick - there were 2,616 personal bankruptcies and 1,813 consumer proposals filed in the 12-months ended September 30, 2017.  Bankruptcies were down 7.4% and consumer proposal filings were up 22.7% as compared to the 12-months ended September 30, 2016.

Nova Scotia - there were 3,984 personal bankruptcies and 1,865 consumer proposals filed in the 12-months ended September 30, 2017.  Bankruptcies were down 3.0% and consumer proposal filings were up 7.1% as compared to the 12-months ended September 30, 2016.

Prince Edward Island - there were 422 personal bankruptcies and 277 consumer proposals filed in the 12-months ended September 30, 2017.  Bankruptcies were down 18.4% and consumer proposal filings were down 9.5% as compared to the 12-months ended September 30, 2016.

More detailed statistics are in the following table:

 

 September 2017 - Personal Bankruptcy & Consumer Proposal Statistics

September 2017 - Personal Bankruptcy & Consumer Proposal Statistics

Powell Associates Ltd. is a Licensed Insolvency Trustee (LIT) focused on providing debt settlement, proposal and 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, FrederictonCharlottetown or Dartmouth - it's your choice.

Matt Munro