March 2017 Bankruptcy & Consumer Proposal Statistics

On May 31, 2017, 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 62,333 personal bankruptcies and 63,153 consumer proposals filed in the 12-months ended March 31. Bankruptcies were down 2.0% and consumer proposal filings were up 6.7% as compared to the 12-months ended March 31, 2016.

New Brunswick - there were 2,825 personal bankruptcies and 1,644 consumer proposals filed in the 12-months ended March 31, 2017. Bankruptcies were down 0.1% and consumer proposal filings were up 7.7% as compared to the 12-months ended March, 2016.

Nova Scotia - there were 4,166 personal bankruptcies and 1,871 consumer proposals filed in the 12-months ended March 31, 2017. Bankruptcies were up 10.8% and consumer proposal filings were up 21.1% as compared to the 12-months ended March 31, 2016.

Prince Edward Island - there were 465 personal bankruptcies and 310 consumer proposals filed in the 12-months ended March 31, 2017. Bankruptcies were down 11.1% and consumer proposal filings were up 1.6% as compared to the 12-months ended March 31, 2016.

More detailed statistics are in the following table:

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, FrederictonCornwall or Dartmouth, it's your choice.