March 2015 Bankruptcy & Consumer Proposal Statistics

March 2015 Bankruptcy & Consumer Proposal Statistics

On May 29, 2015, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and consumer proposal filings for Canadian consumer debtors.

Canada - there were 64,839 personal bankruptcies and 53,211 proposals filed in the 12-months ended March 31, 2015 for average total filings of approximately 9,838 per month.  Bankruptcies were down 6.3% and proposal filings were up 7.6% as compared to the 12-months ended March 31, 2014.

New Brunswick- there were 3,021 personal bankruptcies and 1,287 proposals filed in the 12-months ended March 31, 2015 for average total filings of approximately 359 per month.  Bankruptcies were up 6.1% and proposal filings were up 16.1% as compared to the 12-months ended March 31, 2014.

Nova Scotia - there were 3,726 personal bankruptcies and 1,501 proposals filed in the 12-months ended March 31, 2015 for average total filings of approximately 436 per month.  Bankruptcies were up 13.1% and proposal filings were up 10% as compared to the 12-months ended March 31, 2014.

Prince Edward Island- there were 502 personal bankruptcies and 219 proposals filed in the 12-months ended March 31, 2015 for average total filings of approximately 60 per month.  Bankruptcies were up 14.1% and proposal filings were up 23.7% as compared to the 12-months ended March 31, 2014.

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.