June 2019 – Personal Bankruptcy & Consumer Proposal Statistics
June 2019 – Personal Bankruptcy & Consumer Proposal Statistics
On August 14, 2019, 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 54,258 personal bankruptcies and 75,270 consumer proposals filed in the 12-months ended June 30, 2019. Personal bankruptcies were down 2.8% and consumer proposal filings were up 12.7% as compared to the 12-months ended June 30, 2018. There were 4,322 personal bankruptcies and 6,594 consumer proposals filed in Canada in the month of June 2019.
New Brunswick – there were 2,363 personal bankruptcies and 2,398 consumer proposals filed in the 12-months ended June 30, 2019. Personal bankruptcies were up 4.7% and consumer proposal filings were up 16.4% as compared to the 12-months ended June 30, 2018. There were 198 personal bankruptcies and 258 consumer proposals filed in New Brunswick in the month of June 2019.
Nova Scotia – there were 3,386 personal bankruptcies and 2,349 consumer proposals filed in the 12-months ended June 30, 2019. Personal bankruptcies were down 5.6% and consumer proposal filings were up 13.9% as compared to the 12-months ended June 30, 2018. There were 304 personal bankruptcies and 251 consumer proposals filed in Nova Scotia in the month of June 2019.
Prince Edward Island – there were 387 personal bankruptcies and 338 consumer proposals filed in the 12-months ended June 30, 2019. Personal bankruptcies were down 7.6% and consumer proposal filings were up 14.2% as compared to the 12-months ended June 30, 2018. There were 28 personal bankruptcies and 34 consumer proposals filed in Canada in the month of June 2019.
June 2019 – Personal Bankruptcy & Consumer Proposal Statistics
Powell Associates Ltd. is a Licensed Insolvency Trustee. We are experienced, hands-on insolvency practitioners who understand the personal impacts of major financial stress;
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You won’t be stuck in an assembly line process.
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You will expect and receive prompt responses and resolution of issues from our supportive and experienced team.
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We will review your debt solution options, including filing a consumer proposal or personal bankruptcy.
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We help Canadians with overwhelming debt get fresh financial starts.
Once you file a consumer proposal or personal bankruptcy, we deal directly with your creditors on your behalf. Your unsecured creditors are required to stop contacting you or continuing legal proceedings against you. Contact us for a free consultation.
We offer free consultations to review your financial situation and practical debt resolution options. Contact us to discuss your situation over the phone, a video chat, or in-person in Saint John, Moncton, Fredericton, Charlottetown, Dartmouth, or Miramichi.