July 2017 Bankruptcy & Consumer Proposal Statistics

On September 29, 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 60.033 personal bankruptcies and 62,913 consumer proposals filed in the 12-months ended July 31, 2017.  Bankruptcies were down 5.7% and consumer proposal filings were up 3.4% as compared to the 12-months ended July 31, 2016.

New Brunswick - there were 2,675 personal bankruptcies and 1,754 consumer proposals filed in the 12-months ended July 31, 2017.  Bankruptcies were down 5.9% and consumer proposal filings were up 20.5% as compared to the 12-months ended July 31, 2016.

Nova Scotia - there were 4,055 personal bankruptcies and 1,891 consumer proposals filed in the 12-months ended July 31, 2017.  Bankruptcies were up 2.1% and consumer proposal filings were up 15.3% as compared to the 12-months ended July 31, 2016.

Prince Edward Island - there were 450 personal bankruptcies and 277 consumer proposals filed in the 12-months ended July 31, 2017.  Bankruptcies were down 8.2% and consumer proposal filings were down 8.6% as compared to the 12-months ended July 31, 2016.

More detailed statistics are in the following table:

Personal Bankruptcy Statistics.png

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.