July 2018 - Personal Bankruptcy & Consumer Proposal Statistics

 July 2018 - Personal Bankruptcy & Consumer Proposal Statistics

July 2018 - Personal Bankruptcy & Consumer Proposal Statistics

On September 28, 2018, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian debtors.

Canada - there were 55,955 personal bankruptcies and 67,215 consumer proposals filed in the 12-months ended July 31, 2018.  Personal bankruptcies were down 6.8% and consumer proposal filings were up 6.8% as compared to the 12-months ended July 31, 2017.  There were 4,437 personal bankruptcies and 5,392 consumer proposal filed in Canada in the month of July 2018.

New Brunswick - there were 2,277 personal bankruptcies and 2,104 consumer proposals filed in the 12-months ended July 31, 2018.  Personal bankruptcies were down 14.9% and consumer proposal filings were up 20% as compared to the 12-months ended July 31, 2017.  There were 214 personal bankruptcies and 183 consumer proposal filed in New Brunswick in the month of July 2018.

Nova Scotia - there were 3,539 personal bankruptcies and 2,054 consumer proposals filed in the 12-months ended July 31, 2018.  Personal bankruptcies were down 12.7% and consumer proposal filings were up 8.6% as compared to the 12-months ended July 31, 2017.  There were 291 personal bankruptcies and 155 consumer proposal filed in Nova Scotia in the month of July 2018.

Prince Edward Island - there were 426 personal bankruptcies and 296 consumer proposals filed in the 12-months ended July 31, 2018.  Personal bankruptcies were down 5.3% and consumer proposal filings were up 6.9% as compared to the 12-months ended July 31, 2017.  There were 36 personal bankruptcies and 23 consumer proposal filed in Canada in the month of July 2018.

July 2018 - Personal Bankruptcy & Consumer Proposal Statistics