August 2015 Bankruptcy & Consumer Proposal Statistics

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August 2015 Bankruptcy & Consumer Proposal Statistics

On October 31, 2015, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and consumer proposalfilings for Canadian debtors.

Canada - there were 63,824 personal bankruptcies and 56,608 consumer proposals filed in the 12-months ended August 31, 2015 for average total filings of approximately 10,036 per month.  Bankruptcies were down 2.9% and proposal filings were up 9.5% as compared to the 12-months ended August 31, 2014.

New Brunswick- there were 2,933 personal bankruptcies and 1,451 consumer proposals filed in the 12-months ended August 31, 2015 for average total filings of approximately 365 per month.  Bankruptcies were up 1.5% and proposal filings were up 14.8% as compared to the 12-months ended August 31, 2014.

Nova Scotia- there were 3,687 personal bankruptcies and 1,517 consumer proposals filed in the 12-months ended August 31, 2015 for average total filings of approximately 433 per month.  Bankruptcies were up 4% and proposal filings were up 3.9% as compared to the 12-months ended August 31, 2014.

Prince Edward Island- there were 490 personal bankruptcies and 272 consumer proposals filed in the 12-months ended August 31, 2015 for average total filings of approximately 63 per month.  Bankruptcies were down 0.2% and proposal filings were up 27.7% as compared to the 12-months ended August 31, 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, Fredericton or Charlottetown - it's your choice.

UncategorizedPaul Moffett