June 2014 Bankruptcy & Consumer Proposal Statistics

June 2014 Bankruptcy & Consumer Proposal Statistics

On August 29, 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 66,810 personal bankruptcies and 50,997 proposals filed in the 12-months ended June 30, 2014 for average total filings of approximately 9,817 per month.  Bankruptcies were down 4.0% and 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 proposals filed in the 12-months ended June 30, 2014 for average total filings of approximately 345 per month.  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 proposals filed in the 12-months ended June 30, 2014 for average total filings of approximately 411 per month.  Bankruptcies were up 11.4% and 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 proposals filed in the 12-months ended June 30, 2014 for average total filings of approximately 58 per month.  Bankruptcies were up 4.4% and proposal filings were up 58.5% as compared to the 12-months ended June 30, 2013.

More detailed statistics are in the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Powell Associates Ltd. is a licensed trustee in bankruptcy focussed 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 JohnMonctonFredericton or Charlottetown - it's your choice.