June 2014 Personal Bankruptcy & Consumer Proposal Statistics

On August 29, 2014, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian consumer debtors.

Canada - there were 66,810 personal bankruptcies and 50,997 consumer proposals filed in the 12-months ended June 30, 2014, for average total filings of approximately 9,817 per month.  Personal bankruptcies were down 4.0% and consumer proposal filings were up 6.8% as compared to the 12-months ended June 30, 2013.

New Brunswick - there were 2,892 personal bankruptcies and 1,247 consumer proposals filed in the 12-months ended June 30, 2014, for average total filings of approximately 345 per month.  Personal bankruptcies were up 4.4% and proposal filings were up 28.8% as compared to the 12-months ended June 30, 2013.

Nova Scotia - there were 3,459 personal bankruptcies and 1,476 consumer proposals filed in the 12-months ended June 30, 2014, for average total filings of approximately 411 per month.  Personal bankruptcies were up 11.4% and consumer proposal filings were up 22.4% as compared to the 12-months ended June 30, 2013.

Prince Edward Island - there were 476 personal bankruptcies and 214 consumer proposals filed in the 12-months ended June 30, 2014, for average total filings of approximately 58 per month.  Personal bankruptcies were up 4.4% and consumer proposal filings were up 58.5% as compared to the 12-months ended June 30, 2013.

More detailed statistics are in the following table:

June
June

Powell Associates Ltd. is a Licensed Insolvency Trustee (LIT) 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, FrederictonCharlottetown or Dartmouth - it's your choice.