January 2015 Bankruptcy & Consumer Proposal Statistics

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January 2015 Bankruptcy & Consumer Proposal Statistics

Bankruptcy & Proposal Statistics
Bankruptcy & Proposal Statistics

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

Canada - there were 64,466 personal bankruptcies and 53,522 proposals filed in the 12-months ended January 31, 2015 for average total filings of approximately 9,838 per month. Bankruptcies were down 6% and proposal filings were up 8% as compared to the 12-months ended January 31, 2014.

New Brunswick - there were 2,975 personal bankruptcies and 1,282 proposals filed in the 12-months ended January 31, 2015 for average total filings of approximately 355 per month. Bankruptcies were up 5% and proposal filings were up 12.6% as compared to the 12-months ended January 31, 2014.

Nova Scotia - there were 3,777 personal bankruptcies and 1,512 proposals filed in the 12-months ended January 31, 2015 for average total filings of approximately 441 per month. Bankruptcies were up 15.4% and proposal filings were up 10% as compared to the 12-months ended January 31, 2014.

Prince Edward Island - there were 487 personal bankruptcies and 212 proposals filed in the 12-months ended January 31, 2015 for average total filings of approximately 58 per month. Bankruptcies were up 8.5% and proposal filings were up 14.6% as compared to the 12-months ended January 31, 2014.

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More detailed statistics are in the following table:

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 inSaint John, Moncton, Fredericton or Charlottetown - it's your choice.