June 2015 Personal Bankruptcy & Consumer Proposal Statistics

 June 2015 Personal Bankruptcy & Consumer Proposal Statistics

June 2015 Personal Bankruptcy & Consumer Proposal Statistics

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

Canada - there were 63,652 personal bankruptcies and 55,284 consumer proposals filed in the 12-months ended June 30, 2015, for average total filings of approximately 9,911 per month.  Personal bankruptcies were down 5.3% and consumer proposal filings were up 9.2% as compared to the 12-months ended June 30, 2014.

New Brunswick - there were 2,913 personal bankruptcies and 1,378 consumer proposals filed in the 12-months ended June 30, 2015, for average total filings of approximately 358 per month.  Personal bankruptcies were up 0.4% and consumer proposal filings were up 10.3% as compared to the 12-months ended June 30, 2014.

Nova Scotia - there were 3,705 personal bankruptcies and 1,504 consumer proposals filed in the 12-months ended June 30, 2015, for average total filings of approximately 434 per month.  Personal bankruptcies were up 8.2% and consumer proposal filings were up 1.7% as compared to the 12-months ended June 30, 2014.

Prince Edward Island - there were 511 personal bankruptcies and 245 consumer proposals filed in the 12-months ended June 30, 2015, for average total filings of approximately 63 per month.  Personal bankruptcies were up 8.3% and consumer proposal filings were up 16.7% as compared to the 12-months ended June 30, 2014.

More detailed statistics are in the following table:

 June 2015 Personal Bankruptcy & Consumer Proposal Statistics

June 2015 Personal Bankruptcy & Consumer Proposal Statistics

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.