December 2015 Bankruptcy & Consumer Proposal Statistics

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December 2015 Bankruptcy & Consumer Proposal Statistics

B&PStats
B&PStats

On February 29, 2016, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and consumer proposalfilings for Canadian debtors.

Canada - there were 63,406 personal bankruptcies and 58,203 proposals filed in the 12-months ended December 31, 2015 for average total filings of approximately 10,134 per month. Bankruptcies were down 2.2% and proposal filings were up 9.4% as compared to the 12-months ended December 31, 2014.

New Brunswick - there were 2,814 personal bankruptcies and 1,517 proposals filed in the 12-months ended December 31, 2015 for average total filings of approximately 361 per month. Bankruptcies were down 6.9% and proposal filings were up 17.9% as compared to the 12-months ended December 31, 2014.

Nova Scotia - there were 3,648 personal bankruptcies and 1,584 proposals filed in the 12-months ended December 31, 2015 for average total filings of approximately 436 per month. Bankruptcies were down 2.1% and proposal filings were up 5.5% as compared to the 12-months ended December 31, 2014.

Prince Edward Island - there were 519 personal bankruptcies and 287 proposals filed in the 12-months ended December 31, 2015 for average total filings of approximately 67 per month. Bankruptcies were up 3.4% and proposal filings were up 31.1% as compared to the 12-months ended December 31 2014.

More detailed statistics are in the following table:

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151231

Powell Associates Ltd. is a licensed insolvency trustee focused on providing debt settlement, proposaland 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.