February 2019 – Personal Bankruptcy & Consumer Proposal Statistics
February 2019 – Personal Bankruptcy & Consumer Proposal Statistics
On April 3, 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 54,893 personal bankruptcies and 71,567 consumer proposals filed in the 12-months ended February 28, 2019. Personal bankruptcies were down 5.7% and consumer proposal filings were up 14.3% as compared to the 12-months ended February 28, 2018. There were 4,099 personal bankruptcies and 6,204 consumer proposals filed in Canada in the month of February 2019.
New Brunswick – there were 2,312 personal bankruptcies and 2,297 consumer proposals filed in the 12-months ended February 28, 2019. Personal bankruptcies were up 22.8% and consumer proposal filings were up 23.5% as compared to the 12-months ended February 28, 2018. There were 151 personal bankruptcies and 184 consumer proposals filed in New Brunswick in the month of February 2019.
Nova Scotia – there were 3,455 personal bankruptcies and 2,156 consumer proposals filed in the 12-months ended February 28, 2019. Personal bankruptcies were down 23.8% and consumer proposal filings were down 5.5% as compared to the 12-months ended February 28, 2018. There were 214 personal bankruptcies and 173 consumer proposals filed in Nova Scotia in the month of February 2019.
Prince Edward Island – there were 416 personal bankruptcies and 316 consumer proposals filed in the 12-months ended February 28, 2019. Personal bankruptcies were down 43.8% and consumer proposal filings were up 50% as compared to the 12-months ended February 28, 2018. There were 27 personal bankruptcies and 27 consumer proposals filed in Canada in the month of February 2019.
February 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 significant 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.