July 2014 Bankruptcy & Consumer Proposal Statistics

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July 2014 Bankruptcy & Consumer Proposal Statistics

On September 30, 2014, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and proposal filings for Canadian consumer debtors.

Canada - there were 66,441 personal bankruptcies and 51,520 proposals filed in the 12-months ended July 31, 2014 for average total filings of approximately 9,830 per month.  Bankruptcies were down 4.8% and proposal filings were up 7.2% as compared to the 12-months ended July 31, 2013.

New Brunswick - there were 2,880 personal bankruptcies and 1,247 proposals filed in the 12-months ended June 30, 2014 for average total filings of approximately 344 per month.  Bankruptcies were up 2.0% and proposal filings were up 28.2% as compared to the 12-months ended July 31, 2013.

Nova Scotia - there were 3,550 personal bankruptcies and 1,486 proposals filed in the 12-months ended July 21, 2014 for average total filings of approximately 420 per month.  Bankruptcies were up 14.3% and proposal filings were up 18.9% as compared to the 12-months ended July 31, 2013.

Prince Edward Island - there were 474 personal bankruptcies and 212 proposals filed in the 12-months ended July 31, 2014 for average total filings of approximately 57 per month.  Bankruptcies were up 1.9% and proposal filings were up 52.5% as compared to the 12-months ended July 31, 2013.

More detailed statistics are in the following table:

140731 Stats
140731 Stats

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