Posts tagged Bankruptcy Nova Scotia
October 2015 Personal Bankruptcy & Consumer Proposal Statistics

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

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Do I Have To Continue Paying Student Loans During My Bankruptcy or Consumer Proposal?

Even though your student loan debt may not be included in your bankruptcy or consumer proposal, there is a still a stay of proceedings in place.  This basically puts a freeze on any debt collection or payments until the bankruptcy has been discharged or the consumer proposal has been completed.  With that said, if your budget allows, we recommend that you continue with payments to avoid accumulating additional interest.

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October 2014 Personal Bankruptcy & Consumer Proposal Statistics

Personal bankruptcies were down 6.4% and Consumer proposal filings were up 6.9% as compared to the 12-months ended October 31, 2013.

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