April 2020 – Personal Bankruptcy & Consumer Proposal Statistics
April 2020 – Personal Bankruptcy & Consumer Proposal Statistics
On June 3, 2020, 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 50,399 personal bankruptcies and 82,682 consumer proposals filed in the 12-months ended April 30, 2020. Personal bankruptcies were down 7.9% and consumer proposal filings were up 12.7% as compared to the 12-months ended April 30, 2019. There were 2,181 personal bankruptcies and 4,519 consumer proposals filed in Canada in the month of April 2020.
New Brunswick – there were 2,164 personal bankruptcies and 2,553 consumer proposals filed in the 12-months ended April 30, 2020. Personal bankruptcies were down 7.2% and consumer proposal filings were up 9.1% as compared to the 12-months ended April 30, 2019. There were 102 personal bankruptcies and 130 consumer proposals filed in New Brunswick in the month of April 2020.
Nova Scotia – there were 2,822 personal bankruptcies and 2,873 consumer proposals filed in the 12-months ended April 30, 2020. Personal bankruptcies were down 18.6% and consumer proposal filings were up 29.2% as compared to the 12-months ended April 30, 2019. There were 112 personal bankruptcies and 162 consumer proposals filed in Nova Scotia in the month of April 2020.
Prince Edward Island – there were 353 personal bankruptcies and 333 consumer proposals filed in the 12-months ended April 30, 2020. Personal bankruptcies were down 12.0% and consumer proposal filings were up 6.4% as compared to the 12-months ended April 30, 2019. There were 16 personal bankruptcies and 20 consumer proposals filed in Canada in the month of April 2020.
April 2020 – 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.