September 2014 Bankruptcy & Consumer Proposal Statistics

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On November 30, 2014, 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 65,598 personal bankruptcies and 52,108 consumer proposals filed in the 12-months ended September 30, 2014, for average total filings of approximately 9,808 per month.  Personal bankruptcies were down 5.8% and consumer proposal filings were up 6.7% as compared to the 12-months ended September 30, 2013.

New Brunswick - there were 2,945 personal bankruptcies and 1,270 consumer proposals filed in the 12-months ended September 30, 2014, for average total filings of approximately 351 per month.  Personal bankruptcies were up 5.1% and consumer proposal filings were up 23.1% as compared to the 12-months ended September 30, 2013.

Nova Scotia - there were 3,603 personal bankruptcies and 1,457 consumer proposals filed in the 12-months ended September 30, 2014, for average total filings of approximately 422 per month.  Personal bankruptcies were up 12.6% and consumer proposal filings were up 7.8% as compared to the 12-months ended September 30, 2013.

Prince Edward Island - there were 509 personal bankruptcies and 213 consumer proposals filed in the 12-months ended September 30, 2014, for average total filings of approximately 60 per month.  Personal bankruptcies were up 9.2% and consumer proposal filings were up 35.7% as compared to the 12-months ended September 30, 2013.

More detailed statistics are in the following table:

 September 2014 Personal Bankruptcy & Consumer Proposal Statistics

September 2014 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.