May 2019 – Personal Bankruptcy & Consumer Proposal Statistics
May 2019 – Personal Bankruptcy & Consumer Proposal Statistics
On June 27, 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 54,615 personal bankruptcies and 74,471 consumer proposals filed in the 12-months ended May 31, 2019. Personal bankruptcies were down 2.9% and consumer proposal filings were up 12.1% as compared to the 12-months ended May 31, 2018. There were 5,163 personal bankruptcies and 7,212 consumer proposal filed in Canada in the month of May 2019.
New Brunswick – there were 2,348 personal bankruptcies and 2,327 consumer proposals filed in the 12-months ended May 31, 2019. Personal bankruptcies were up 2.5% and consumer proposal filings were up 14.6% as compared to the 12-months ended May 31, 2018. There were 228 personal bankruptcies and 197 consumer proposal filed in New Brunswick in the month of May 2019.
Nova Scotia – there were 3,410 personal bankruptcies and 2,290 consumer proposals filed in the 12-months ended May 31, 2019. Personal bankruptcies were down 5.3% and consumer proposal filings were up 14.2% as compared to the 12-months ended May 31, 2018. There were 294 personal bankruptcies and 254 consumer proposal filed in Nova Scotia in the month of May 2019.
Prince Edward Island – there were 392 personal bankruptcies and 327 consumer proposals filed in the 12-months ended May 31, 2019. Personal bankruptcies were down 8.0% and consumer proposal filings were up 12.4% as compared to the 12-months ended May 31, 2018. There were 35 personal bankruptcies and 39 consumer proposal filed in Canada in the month of May 2019.
May 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.