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. 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.