September 2015 Bankruptcy & Consumer Proposal Statistics

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September 2015 Bankruptcy & Consumer Proposal Statistics

Bankruptcy & Proposal Statistics
Bankruptcy & Proposal Statistics

On November 30, 2015, the Office of the Superintendent of Bankruptcy released its most current statistics on bankruptcy and consumer proposal filings for Canadian consumer debtors.

Canada - there were 63,722 personal bankruptcies and 56,909 proposals filed in the 12-months ended September 30, 2015 for average total filings of approximately 10,052 per month.  Bankruptcies were down 2.9% and proposal filings were up 9.2% as compared to the 12-months ended September 30, 2014.

New Brunswick - there were 2,928 personal bankruptcies and 1,471 proposals filed in the 12-months ended September 30, 2015 for average total filings of approximately 351 per month.  Bankruptcies were up 1.5% and proposal filings were up 14.8% as compared to the 12-months ended August 31, 2014.

Nova Scotia - there were 3,653 personal bankruptcies and 1,516 proposals filed in the 12-months ended September 30, 2015 for average total filings of approximately 431 per month.  Bankruptcies were up 1.4% and proposal filings were up 4% as compared to the 12-months ended September 30, 2014.

Prince Edward Island - there were 479 personal bankruptcies and 274 proposals filed in the 12-months ended September 30, 2015 for average total filings of approximately 63 per month.  Bankruptcies were down 5.9% and proposal filings were up 28.6% as compared to the 12-months ended September 30, 2014.

More detailed statistics are in the following table:

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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.