April 2015 Personal Bankruptcy & Consumer Proposal Statistics

April 2015 Personal Bankruptcy & Consumer Proposal Statistics

On June 30, 2015, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian consumer debtors.

Canada - there were 64,276 personal bankruptcies and 55,143 consumer proposals filed in the 12-months ended April 30, 2015, for average total filings of approximately 9,952 per month.  Personal bankruptcies were down 5% and consumer proposal filings were up 9% as compared to the 12-months ended April 30, 2014.

New Brunswick - there were 2,943 personal bankruptcies and 1,331 consumer proposals filed in the 12-months ended April 30, 2015, for average total filings of approximately 356 per month.  Personal bankruptcies were up 2.2% and consumer proposal filings were up 8.6% as compared to the 12-months ended April 30, 2014.

Nova Scotia - there were 3,792 personal bankruptcies and 1,515 consumer proposals filed in the 12-months ended April 30, 2015, for average total filings of approximately 442 per month.  Personal bankruptcies were up 12.9% and consumer proposal filings were up 3.1% as compared to the 12-months ended April 30, 2014.

Prince Edward Island - there were 509 personal bankruptcies and 244 consumer proposals filed in the 12-months ended April 30, 2015, for average total filings of approximately 63 per month.  Personal bankruptcies were up 10.9% and consumer proposal filings were up 18.4% as compared to the 12-months ended April 30, 2014.

More detailed statistics are in the following table:

 April 2015 Personal Bankruptcy & Consumer Proposal Statistics

April 2015 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.