August 2017 Bankruptcy & Consumer Proposal Statistics

On October 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 59,698 personal bankruptcies and 63,205 consumer proposals filed in the 12-months ended August 31, 2017.  Bankruptcies were down 6.5% and consumer proposal filings were up 2.6% as compared to the 12-months ended August 31, 2016.

New Brunswick - there were 2,665 personal bankruptcies and 1,795 consumer proposals filed in the 12-months ended August 31, 2017.  Bankruptcies were down 6.5% and consumer proposal filings were up 21.7% as compared to the 12-months ended August 31, 2016.

Nova Scotia - there were 4,006 personal bankruptcies and 1,902 consumer proposals filed in the 12-months ended August 31, 2017.  Bankruptcies were down 1.6% and consumer proposal filings were up 12.7% as compared to the 12-months ended August 31, 2016.

Prince Edward Island - there were 435 personal bankruptcies and 284 consumer proposals filed in the 12-months ended August 31, 2017.  Bankruptcies were down 13.2% and consumer proposal filings were down 5.0% as compared to the 12-months ended August 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.