July 2015 Bankruptcy & Consumer Proposal Statistics

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July 2015 Bankruptcy & Consumer Proposal Statistics

Bankruptcy & Proposal Statistics
Bankruptcy & Proposal Statistics

On September 30, 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 63,898 personal bankruptcies and 56,427 proposals filed in the 12-months ended July 31, 2015 for average total filings of approximately 10,027 per month.  Bankruptcies were down 3.8% and proposal filings were up 9.5% as compared to the 12-months ended July 31, 2014.

New Brunswick- there were 2,962 personal bankruptcies and 1,438 proposals filed in the 12-months ended July 31, 2015 for average total filings of approximately 366 per month.  Bankruptcies were up 2.8% and proposal filings were up 15.3% as compared to the 12-months ended July 31, 2014.

Nova Scotia- there were 3,709 personal bankruptcies and 1,506 proposals filed in the 12-months ended July 31, 2015 for average total filings of approximately 434 per month.  Bankruptcies were up 4.5% and proposal filings were up 1.3% as compared to the 12-months ended July 31, 2014.

Prince Edward Island- there were 512 personal bankruptcies and 271 proposals filed in the 12-months ended July 31, 2015 for average total filings of approximately 65 per month.  Bankruptcies were up 8% and proposal filings were up 27.8% as compared to the 12-months ended July 31, 2014.

More detailed statistics are in the following table:

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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.