November 2019 – Personal Bankruptcy & Consumer Proposal Statistics
November 2019 – Personal Bankruptcy & Consumer Proposal Statistics
On January 9, 2020, 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 54,344 personal bankruptcies and 81,639 consumer proposals filed in the 12-months ended November 30, 2019. Personal bankruptcies were down 1.9% and consumer proposal filings were up 17.4% as compared to the 12-months ended November 30, 2018. There were 4,484 personal bankruptcies and 7,337 consumer proposals filed in Canada in the month of November 2019.
New Brunswick – there were 2,374 personal bankruptcies and 2,478 consumer proposals filed in the 12-months ended November 30, 2019. Personal bankruptcies were up 4.4% and consumer proposal filings were up 11.6% as compared to the 12-months ended November 30, 2018. There were 197 personal bankruptcies and 200 consumer proposals filed in New Brunswick in the month of November 2019.
Nova Scotia – there were 3,211 personal bankruptcies and 2,740 consumer proposals filed in the 12-months ended November 30, 2019. Personal bankruptcies were down 8.3% and consumer proposal filings were up 31.8% as compared to the 12-months ended November 30, 2018. There were 226 personal bankruptcies and 246 consumer proposals filed in Nova Scotia in the month of November 2019.
Prince Edward Island – there were 388 personal bankruptcies and 366 consumer proposals filed in the 12-months ended November 30, 2019. Personal bankruptcies were down 6.1% and consumer proposal filings were up 22.8% as compared to the 12-months ended November 30, 2018. There were 37 personal bankruptcies and 33 consumer proposals filed in Canada in the month of November 2019.
November 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.