June 2016 Bankruptcy & Consumer Proposal Statistics

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June 2016 Bankruptcy & Consumer Proposal Statistics

On August 31, 2016, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and consumer proposal filings for Canadian debtors.

Canada - there were 64,171 personal bankruptcies and 61,141 consumer proposals filed in the 12-months ended June 30, 2016 for average total filings of approximately 10,443 per month. Bankruptcies were up 0.2% and proposal filings were up 9.4% as compared to the 12-months ended June 30, 2015.

New Brunswick - there were 2,892 personal bankruptcies and 1,490 consumer proposals filed in the 12-months ended June 30, 2016 for average total filings of approximately 365 per month. Bankruptcies were down 2% and proposal filings were up 5.9% as compared to the 12-months ended June 30, 2015.

Nova Scotia - there were 3,929 personal bankruptcies and 1,636 consumer proposals filed in the 12-months ended June 30, 2016 for average total filings of approximately 464 per month. Bankruptcies were up 5% and proposal filings were up 8.3% as compared to the 12-months ended June 30, 2015.

Prince Edward Island - there were 510 personal bankruptcies and 302 consumer proposals filed in the 12-months ended June 30, 2016 for average total filings of approximately 68 per month. Bankruptcies were up 0.2% and proposal filings were up 15.7% as compared to the 12-months ended June 30, 2015.

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.