On September 28, 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 40,600 personal bankruptcies and 71,866 consumer proposals filed in the 12-months ended August 31, 2020.  Personal bankruptcies were down 25.0% and consumer proposal filings were down 7.6% as compared to the 12-months ended August 31, 2019.  There were 2,273 personal bankruptcies and 4,191 consumer proposals filed in Canada in the month of August 2020.

New Brunswick – there were 1,730 personal bankruptcies and 2,129 consumer proposals filed in the 12-months ended August 31, 2020.  Personal bankruptcies were down 26.7% and consumer proposal filings were down 11.7% as compared to the 12-months ended August 31, 2019.  There were 104 personal bankruptcies and 141 consumer proposals filed in New Brunswick in the month of August 2020.

Nova Scotia – there were 2,101 personal bankruptcies and 2,355 consumer proposals filed in the 12-months ended August 31, 2020.  Personal bankruptcies were down 37.2% and consumer proposal filings were down 5.0% as compared to the 12-months ended August 31, 2019.  There were 104 personal bankruptcies and 141 consumer proposals filed in Nova Scotia in the month of August 2020.

Prince Edward Island – there were 270 personal bankruptcies and 270 consumer proposals filed in the 12-months ended August 31, 2020.  Personal bankruptcies were down 30.8% and consumer proposal filings were down 21.7% as compared to the 12-months ended August 31, 2019.  There were 12 personal bankruptcies and 20 consumer proposals filed in Canada in the month of August 2020.

 

 

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Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• 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 our bankruptcy trustee in Halifax 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.

On September 28, 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 40,600 personal bankruptcies and 71,866 consumer proposals filed in the 12-months ended August 31, 2020.  Personal bankruptcies were down 25.0% and consumer proposal filings were down 7.6% as compared to the 12-months ended August 31, 2019.  There were 2,273 personal bankruptcies and 4,191 consumer proposals filed in Canada in the month of August 2020.

New Brunswick – there were 1,730 personal bankruptcies and 2,129 consumer proposals filed in the 12-months ended August 31, 2020.  Personal bankruptcies were down 26.7% and consumer proposal filings were down 11.7% as compared to the 12-months ended August 31, 2019.  There were 104 personal bankruptcies and 141 consumer proposals filed in New Brunswick in the month of August 2020.

Nova Scotia – there were 2,101 personal bankruptcies and 2,355 consumer proposals filed in the 12-months ended August 31, 2020.  Personal bankruptcies were down 37.2% and consumer proposal filings were down 5.0% as compared to the 12-months ended August 31, 2019.  There were 104 personal bankruptcies and 141 consumer proposals filed in Nova Scotia in the month of August 2020.

Prince Edward Island – there were 270 personal bankruptcies and 270 consumer proposals filed in the 12-months ended August 31, 2020.  Personal bankruptcies were down 30.8% and consumer proposal filings were down 21.7% as compared to the 12-months ended August 31, 2019.  There were 12 personal bankruptcies and 20 consumer proposals filed in Canada in the month of August 2020.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• 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.

On September 2, 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 42,879 personal bankruptcies and 74,467 consumer proposals filed in the 12-months ended July 31 2020.  Personal bankruptcies were down 21.1% and consumer proposal filings were down 3.1% as compared to the 12-months ended July 31, 2019.  There were 2,285 personal bankruptcies and 4,300 consumer proposals filed in Canada in the month of July 2020.

New Brunswick – there were 1,821 personal bankruptcies and 2,188 consumer proposals filed in the 12-months ended July 31 2020.  Personal bankruptcies were down 22.5% and consumer proposal filings were down 10.0% as compared to the 12-months ended July 31, 2019.  There were 109 personal bankruptcies and 110 consumer proposals filed in New Brunswick in the month of July 2020.

Nova Scotia – there were 2,292 personal bankruptcies and 2,446 consumer proposals filed in the 12-months ended July 31 2020.  Personal bankruptcies were down 31.5% and consumer proposal filings were up 0.5% as compared to the 12-months ended July 31, 2019.  There were 120 personal bankruptcies and 108 consumer proposals filed in Nova Scotia in the month of July 2020.

Prince Edward Island – there were 289 personal bankruptcies and 285 consumer proposals filed in the 12-months ended July 31 2020.  Personal bankruptcies were down 25.9% and consumer proposal filings were down 16.2% as compared to the 12-months ended July 31, 2019.  There were 14 personal bankruptcies and 20 consumer proposals filed in Canada in the month of July 2020.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• 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.

On August 5, 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 45,146 personal bankruptcies and 77,104 consumer proposals filed in the 12-months ended June 30, 2020.  Personal bankruptcies were down 16.8% and consumer proposal filings were up 2.4% as compared to the 12-months ended June 30, 2019.  There were 2,185 personal bankruptcies and 4,164 consumer proposals filed in Canada in the month of June 2020.

New Brunswick – there were 1,913 personal bankruptcies and 2,294 consumer proposals filed in the 12-months ended June 30, 2020.  Personal bankruptcies were down 19.0% and consumer proposal filings were down 4.3% as compared to the 12-months ended June 30, 2019.  There were 88 personal bankruptcies and 117 consumer proposals filed in New Brunswick in the month of June 2020.

Nova Scotia – there were 2,421 personal bankruptcies and 2,577 consumer proposals filed in the 12-months ended June 30, 2020.  Personal bankruptcies were down 28.5% and consumer proposal filings were up 9.7% as compared to the 12-months ended June 30, 2019.  There were 101 personal bankruptcies and 104 consumer proposals filed in Nova Scotia in the month of June 2020.

Prince Edward Island – there were 314 personal bankruptcies and 290 consumer proposals filed in the 12-months ended June 30, 2020.  Personal bankruptcies were down 18.9% and consumer proposal filings were down 14.2% as compared to the 12-months ended June 30, 2019.  There were 12 personal bankruptcies and 12 consumer proposals filed in Canada in the month of June 2020.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• 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.

On July 2, 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 47,283 personal bankruptcies and 79,534 consumer proposals filed in the 12-months ended May 31, 2020.  Personal bankruptcies were down 13.4% and consumer proposal filings were up 6.8% as compared to the 12-months ended May 31, 2019.  There were 2,047 personal bankruptcies and 4,064 consumer proposals filed in Canada in the month of May 2020.

New Brunswick – there were 2,023 personal bankruptcies and 2,435 consumer proposals filed in the 12-months ended May 31, 2020.  Personal bankruptcies were down 13.8% and consumer proposal filings were up 4.6% as compared to the 12-months ended May 31, 2019.  There were 87 personal bankruptcies and 79 consumer proposals filed in New Brunswick in the month of May 2020.

Nova Scotia – there were 2,624 personal bankruptcies and 2,724 consumer proposals filed in the 12-months ended May 31, 2020.  Personal bankruptcies were down 23.0% and consumer proposal filings were up 19.0% as compared to the 12-months ended May 31, 2019.  There were 96 personal bankruptcies and 105 consumer proposals filed in Nova Scotia in the month of May 2020.

Prince Edward Island – there were 330 personal bankruptcies and 312 consumer proposals filed in the 12-months ended May 31, 2020.  Personal bankruptcies were down 15.8% and consumer proposal filings were down 4.6% as compared to the 12-months ended May 31, 2019.  There were 12 personal bankruptcies and 18 consumer proposals filed in Canada in the month of May 2020.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• 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.

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.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• 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.

On May 11, 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 53,081 personal bankruptcies and 85,085 consumer proposals filed in the 12-months ended February 29, 2020.  Personal bankruptcies were down 3.0% and consumer proposal filings were up 17.5% as compared to the 12-months ended February 28, 2019.  There were 3,741 personal bankruptcies and 7,206 consumer proposals filed in Canada in the month of February 2020.

New Brunswick – there were 2,276 personal bankruptcies and 2,636 consumer proposals filed in the 12-months ended February 29, 2020.  Personal bankruptcies were down 2.3% and consumer proposal filings were up 14.9% as compared to the 12-months ended February 28, 2019.  There were 173 personal bankruptcies and 236 consumer proposals filed in New Brunswick in the month of February 2020.

Nova Scotia – there were 3,000 personal bankruptcies and 2,922 consumer proposals filed in the 12-months ended February 29, 2020.  Personal bankruptcies were down 13.6% and consumer proposal filings were up 32.4% as compared to the 12-months ended February 28, 2019.  There were 174 personal bankruptcies and 224 consumer proposals filed in Nova Scotia in the month of February 2020.

Prince Edward Island – there were 374 personal bankruptcies and 342 consumer proposals filed in the 12-months ended February 29, 2020.  Personal bankruptcies were down 7.9% and consumer proposal filings were up 12.1% as compared to the 12-months ended February 28, 2019.  There were 23 personal bankruptcies and 19 consumer proposals filed in Canada in the month of February 2020.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• 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.

On April 6, 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 53,985 personal bankruptcies and 85,197 consumer proposals filed in the 12-months ended February 29, 2020.  Personal bankruptcies were down 1.7% and consumer proposal filings were up 19.0% as compared to the 12-months ended February 28, 2019.  There were 3,867 personal bankruptcies and 7,384 consumer proposals filed in Canada in the month of February 2020.

New Brunswick – there were 2,320 personal bankruptcies and 2,591 consumer proposals filed in the 12-months ended February 29, 2020.  Personal bankruptcies were up 0.3% and consumer proposal filings were up 12.8% as compared to the 12-months ended February 28, 2019.  There were 135 personal bankruptcies and 219 consumer proposals filed in New Brunswick in the month of February 2020.

Nova Scotia – there were 3,125 personal bankruptcies and 2,929 consumer proposals filed in the 12-months ended February 29, 2020.  Personal bankruptcies were down 9.6% and consumer proposal filings were up 35.9% as compared to the 12-months ended February 28, 2019.  There were 207 personal bankruptcies and 241 consumer proposals filed in Nova Scotia in the month of February 2020.

Prince Edward Island – there were 381 personal bankruptcies and 353 consumer proposals filed in the 12-months ended February 29, 2020.  Personal bankruptcies were down 8.4% and consumer proposal filings were up 11.7% as compared to the 12-months ended February 28, 2019.  There were 27 personal bankruptcies and 16 consumer proposals filed in Canada in the month of February 2020.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• 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.

On March 2, 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 54,217 personal bankruptcies and 84,017 consumer proposals filed in the 12-months ended January 31, 2020.  Personal bankruptcies were down 1.7% and consumer proposal filings were up 18.7% as compared to the 12-months ended January 31, 2019.  There were 3,840 personal bankruptcies and 7,189 consumer proposals filed in Canada in the month of January 2020.

New Brunswick – there were 2,336 personal bankruptcies and 2,556 consumer proposals filed in the 12-months ended January 31, 2020.  Personal bankruptcies were up 2.3% and consumer proposal filings were up 13.0% as compared to the 12-months ended January 31, 2019.  There were 145 personal bankruptcies and 239 consumer proposals filed in New Brunswick in the month of January 2020.

Nova Scotia – there were 3,132 personal bankruptcies and 2,861 consumer proposals filed in the 12-months ended January 31, 2020.  Personal bankruptcies were down 11.1% and consumer proposal filings were up 32.1% as compared to the 12-months ended January 31, 2019.  There were 202 personal bankruptcies and 217 consumer proposals filed in Nova Scotia in the month of January 2020.

Prince Edward Island – there were 381 personal bankruptcies and 364 consumer proposals filed in the 12-months ended January 31, 2020.  Personal bankruptcies were down 12.8% and consumer proposal filings were up 18.6% as compared to the 12-months ended January 31, 2019.  There were 30 personal bankruptcies and 23 consumer proposals filed in Canada in the month of January 2020.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;

• You won’t be stuck in an assembly line process.

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.

• 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.

On February 10, 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 54,409 personal bankruptcies and 82,769 consumer proposals filed in the 12-months ended December 31, 2019.  Personal bankruptcies were down 1.2% and consumer proposal filings were up 17.9% as compared to the 12-months ended December 31, 2018.  There were 3,917 personal bankruptcies and 6,217 consumer proposals filed in Canada in the month of December 2019.

New Brunswick – there were 2,343 personal bankruptcies and 2,508 consumer proposals filed in the 12-months ended December 31, 2019.  Personal bankruptcies were up 3.6% and consumer proposal filings were up 13.1% as compared to the 12-months ended December 31, 2018.  There were 147 personal bankruptcies and 189 consumer proposals filed in New Brunswick in the month of December 2019.

Nova Scotia – there were 3,193 personal bankruptcies and 2,847 consumer proposals filed in the 12-months ended December 31, 2019.  Personal bankruptcies were down 8.3% and consumer proposal filings were up 34.8% as compared to the 12-months ended December 31, 2018.  There were 222 personal bankruptcies and 253 consumer proposals filed in Nova Scotia in the month of December 2019.

Prince Edward Island – there were 386 personal bankruptcies and 363 consumer proposals filed in the 12-months ended December 31, 2019.  Personal bankruptcies were down 9.4% and consumer proposal filings were up 19% as compared to the 12-months ended December 31, 2018.  There were 32 personal bankruptcies and 25 consumer proposals filed in Canada in the month of December 2019.

Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress; 

• You won’t be stuck in an assembly line process. 

• You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.  

• We will review your debt solution options, including filing a consumer proposal or personal bankruptcy. 

• 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.