March 2019 - Personal Bankruptcy & Consumer Proposal Statistics

March 2019 - Personal Bankruptcy & Consumer Proposal Statistics

March 2019 - Personal Bankruptcy & Consumer Proposal Statistics

On May 13, 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 54,704 personal bankruptcies and 72,404 consumer proposals filed in the 12-months ended March 31, 2019.  Personal bankruptcies were down 3.9% and consumer proposal filings were up 12.9% as compared to the 12-months ended March 31, 2018.  There were 4,645 personal bankruptcies and 7,318 consumer proposal filed in Canada in the month of March 2019.

New Brunswick - there were 2,329 personal bankruptcies and 2,295 consumer proposals filed in the 12-months ended March 31, 2019.  Personal bankruptcies were up 8.5% and consumer proposal filings were down 1.0% as compared to the 12-months ended March 31, 2018.  There were 217 personal bankruptcies and 191 consumer proposal filed in New Brunswick in the month of March 2019.

Nova Scotia - there were 3,472 personal bankruptcies and 2,207 consumer proposals filed in the 12-months ended March 31, 2019.  Personal bankruptcies were up 6.0% and consumer proposal filings were up 28.3% as compared to the 12-months ended March 31, 2018.  There were 299 personal bankruptcies and 231 consumer proposal filed in Nova Scotia in the month of March 2019.

Prince Edward Island - there were 406 personal bankruptcies and 305 consumer proposals filed in the 12-months ended March 31, 2019.  Personal bankruptcies were down 25.0% and consumer proposal filings were down 26.8% as compared to the 12-months ended March 31, 2018.  There were 30 personal bankruptcies and 30 consumer proposal filed in Canada in the month of March 2019.

March 2019 - 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, Fredericton, Miramichi, Cornwall or Dartmouth it's your choice.