November 2015 Personal Bankruptcy & Consumer Proposal Statistics

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January 31, 2016, the Office of the Superintendent of Bankruptcyreleased its most current statistics on personal bankruptcy and consumer proposal filings for Canadian consumer debtors.

Canada - there were 66,108 personal bankruptcies and 58,827 consumer proposals filed in the 12-months ended November 30, 2015, for average total filings of approximately 10,436 per month. Personal bankruptcies were down 1.9% and consumer proposal filings were up 9.7% as compared to the 12-months ended November 30, 2014.

New Brunswick- there were 2,914 personal bankruptcies and 1,530 consumer proposals filed in the 12-months ended November 30, 2015, for average total filings of approximately 370 per month. Personal bankruptcies were down 3.7% and consumer proposal filings were up 19.7% as compared to the 12-months ended November 30, 2014.

Nova Scotia - there were 3,730 personal bankruptcies and 1,597 consumer proposals filed in the 12-months ended November 30, 2015, for average total filings of approximately 444 per month. Personal bankruptcies were up 0.3% and consumer proposal filings were up 7.3% as compared to the 12-months ended November 30, 2014.

Prince Edward Island - there were 522 personal bankruptcies and 296 consumer proposals filed in the 12-months ended November 30, 2015, for average total filings of approximately 68 per month. Personal bankruptcies remained unchanged and consumer proposal filings were up 35.8% as compared to the 12-months ended November 30, 2014.

More detailed statistics are in the following table:

 November 2015 Personal Bankruptcy & Consumer Proposal Statistics

November 2015 Personal Bankruptcy & Consumer Proposal Statistics

Powell Associates Ltd. is a Licensed Insolvency Trustee (LIT) 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, FrederictonCharlottetown or Dartmouth - it's your choice.