October 2014 Bankruptcy & Consumer Proposal Statistics

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October 2014 Bankruptcy & Consumer Proposal Statistics

On December 31, 2014, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and proposal filings for Canadian consumer debtors.

Canada - there were 65,088 personal bankruptcies and 52,508 proposals filed in the 12-months ended October 31, 2014 for average total filings of approximately 9,800 per month.  Bankruptcies were down 6.4% and proposal filings were up 6.9% as compared to the 12-months ended October 31, 2013.

New Brunswick - there were 2,955 personal bankruptcies and 1,261 proposals filed in the 12-months ended October 31, 2014 for average total filings of approximately 351 per month.  Bankruptcies were up 3.6% and proposal filings were up 20.3% as compared to the 12-months ended October 31, 2013.

Nova Scotia - there were 3,645 personal bankruptcies and 1,470 proposals filed in the 12-months ended October 31, 2014 for average total filings of approximately 426 per month.  Bankruptcies were up 12.3% and proposal filings were up 6.7% as compared to the 12-months ended October 31, 2013.

Prince Edward Island - there were 520 personal bankruptcies and 210 proposals filed in the 12-months ended October 31, 2014 for average total filings of approximately 61 per month.  Bankruptcies were up 17.6% and proposal filings were up 33.8% as compared to the 12-months ended October 31, 2013.

More detailed statistics are in the following table:

141031 Stats
141031 Stats

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, Fredericton or Charlottetown - it's your choice.