August 2014 Bankruptcy & Consumer Proposal Statistics

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August 2014 Bankruptcy & Consumer Proposal Statistics

On October 31, 2014, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and proposal filings for Canadian consumer debtors.

Canada - there were 65,732 personal bankruptcies and 51,707 proposals filed in the 12-months ended August 31, 2014 for average total filings of approximately 9,787 per month.  Bankruptcies were down 5.5% and proposal filings were up 7.3% as compared to the 12-months ended August 31, 2013.

New Brunswick - there were 2,890 personal bankruptcies and 1,264 proposals filed in the 12-months ended August 31, 2014 for average total filings of approximately 346 per month.  Bankruptcies were up 2.3% and proposal filings were up 28.1% as compared to the 12-months ended August 31, 2013.

Nova Scotia - there were 3,546 personal bankruptcies and 1,460 proposals filed in the 12-months ended August 31, 2014 for average total filings of approximately 417 per month.  Bankruptcies were up 13% and proposal filings were up 14.1% as compared to the 12-months ended August 31, 2013.

Prince Edward Island - there were 491 personal bankruptcies and 213 proposals filed in the 12-months ended August 31, 2014 for average total filings of approximately 59 per month.  Bankruptcies were up 3.8% and proposal filings were up 41.1% as compared to the 12-months ended August 31, 2013.

More detailed statistics are in the following table:

140831 Stats
140831 Stats

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.