August 2019 – Personal Bankruptcy & Consumer Proposal Statistics
August 2019 – Personal Bankruptcy & Consumer Proposal Statistics
On October 4, 2019, 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 54,230 personal bankruptcies and 77,763 consumer proposals filed in the 12-months ended August 31, 2019. Personal bankruptcies were down 2.9% and consumer proposal filings were up 14.9% as compared to the 12-months ended August 31, 2018. There were 4,492 personal bankruptcies and 6,792 consumer proposals filed in Canada in the month of August 2019.
New Brunswick – there were 2,359 personal bankruptcies and 2,410 consumer proposals filed in the 12-months ended August 31, 2019. Personal bankruptcies were up 5.6% and consumer proposal filings were up 13.6% as compared to the 12-months ended August 31, 2018. There were 208 personal bankruptcies and 192 consumer proposals filed in New Brunswick in the month of August 2019.
Nova Scotia – there were 3,346 personal bankruptcies and 2,479 consumer proposals filed in the 12-months ended August 31, 2019. Personal bankruptcies were down 5.1% and consumer proposal filings were up 20.3% as compared to the 12-months ended August 31, 2018. There were 295 personal bankruptcies and 232 consumer proposals filed in Nova Scotia in the month of August 2019.
Prince Edward Island – there were 390 personal bankruptcies and 345 consumer proposals filed in the 12-months ended August 31, 2019. Personal bankruptcies were down 7.6% and consumer proposal filings were up 14.6% as compared to the 12-months ended August 31, 2018. There were 31 personal bankruptcies and 35 consumer proposals filed in Canada in the month of August 2019.
August 2019 – 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.