April 2015 Bankruptcy & Consumer Proposal Statistics

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April 2015 Bankruptcy & Consumer Proposal Statistics

Bankruptcy & Proposal Statistics
Bankruptcy & Proposal Statistics

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

Canada - there were 64,276 personal bankruptcies and 55,143 proposals filed in the 12-months ended April 30, 2015 for average total filings of approximately 9,952 per month.  Bankruptcies were down 5% and 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 proposals filed in the 12-months ended April 30, 2015 for average total filings of approximately 356 per month.  Bankruptcies were up 2.2% and 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 proposals filed in the 12-months ended April 30, 2015 for average total filings of approximately 442 per month.  Bankruptcies were up 12.9% and 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 proposals filed in the 12-months ended April 30, 2015 for average total filings of approximately 63 per month.  Bankruptcies were up 10.9% and proposal filings were up 18.4% as compared to the 12-months ended April 30, 2014.

More detailed statistics are in the following table:

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Powell Associates Ltd. is a licensed insolvency trustee 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, FrederictonorCharlottetown - it's your choice.