April 2016 Personal Bankruptcy & Consumer Proposal Statistics

STATS Blog Post.jpg

April 2016 Personal Bankruptcy & Consumer Proposal Statistics

B&PStats
B&PStats

On June 30, 2016, 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 63,715 personal bankruptcies and 59,652 consumer proposals filed in the 12-months ended April 30, 2016 for average total filings of approximately 10,280 per month. Bankruptcies were down 0.9% and proposal filings were up 8.2% as compared to the 12-months ended April 30, 2015.

New Brunswick - there were 2,866 personal bankruptcies and 1,511 consumer proposals filed in the 12-months ended April 30, 2016 for average total filings of approximately 365 per month. Bankruptcies were down 2.6% and proposal filings were up 13.5% as compared to the 12-months ended April 30, 2015.

Nova Scotia - there were 3,760 personal bankruptcies and 1,578 consumer proposals filed in the 12-months ended April 30, 2016 for average total filings of approximately 445 per month. Bankruptcies were down 0.8% and proposal filings were up 4.2% as compared to the 12-months ended April 30, 2015.

Prince Edward Island - there were 526 personal bankruptcies and 289 consumer proposals filed in the 12-months ended April 30, 2016 for average total filings of approximately 68 per month. Bankruptcies were up 3.3% and proposal filings were up 18.4% as compared to the 12-months ended April 30, 2015.

More detailed statistics are in the following table:

160430
160430

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, Fredericton or Charlottetown - it's your choice.