October 2015 Personal Bankruptcy & Consumer Proposal Statistics

On December 31, 2015, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian consumer debtors.

Canada - there were 63,317 personal bankruptcies and 57,106 consumer proposals filed in the 12-months ended October 31, 2015, for average total filings of approximately 10,035 per month. Personal bankruptcies were down 2.7% and consumer proposal filings were up 8.8% as compared to the 12-months ended October 31, 2014.

New Brunswick - there were 2,884 personal bankruptcies and 1,488 consumer proposals filed in the 12-months ended October 31, 2015, for average total filings of approximately 364 per month. Personal bankruptcies were down 2.4% and consumer proposal filings were up 18% as compared to the 12-months ended October 31, 2014.

Nova Scotia - there were 3,636 personal bankruptcies and 1,516 consumer proposals filed in the 12-months ended October 31, 2015, for average total filings of approximately 429 per month. Personal bankruptcies were down 0.2% and consumer proposal filings were up 3.1% as compared to the 12-months ended October 31, 2014.

Prince Edward Island - there were 484 personal bankruptcies and 289 consumer proposals filed in the 12-months ended October 31, 2015, for average total filings of approximately 64 per month. Personal Bankruptcies were down 6.9% and consumer proposal filings were up 37.6% as compared to the 12-months ended October 31, 2014.

More detailed statistics are in the following table:

 October 2015 Personal Bankruptcy & Consumer Proposal Statistics

October 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.