Posts tagged bankruptcy canada
December 2016 Personal Bankruptcy & Consumer Proposal Statistics

Bankruptcies were down 0.1% and consumer proposal filings were up 7.4% as compared to the 12-months ended December 31, 2015. Provincial breakdown...

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November 2016 Personal Bankruptcy & Consumer Proposal Statistics

Personal Bankruptcies were up 1% and consumer proposal filings were up 8.4% as compared to the 12-months ended November 30 2015. Provincial breakdown...

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What Are the Different Types of Bankruptcy Administrations?

Summary administration bankruptcy, there is no notice in the newspaper and no automatic meeting of creditors. Ordinary administration bankruptcy, there is a mandatory meeting of creditors and there is also a requirement for the Trustee to publish a notice of the bankruptcy in the newspaper.

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July 2016 Personal Bankruptcy & Consumer Proposal Statistics

New Brunswick - there were 2,843 personal bankruptcies and 1,455 consumer proposals filed in the 12-months ended July 31, 2016.  Personal bankruptcies were down 4% and consumer proposal filings were up 1.2% as compared to the 12-months ended July 31, 2015.

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Can I Go Bankrupt If My Debts Are The Result of Gambling?

For individuals who are problem gamblers we strongly recommend other counselling to help address the addiction.  Bankruptcy may provide short-term financial relief but cannot resolve the issue of gambling unless it is combined with other treatment.

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What Is The New Brunswick Personal Property Security Act (PPSA)?

PPSA legislation provides a central registry for filing notices of security interests in personal property.  allows both individuals and institutions to record their financial interest in personal property (cars, boats, appliances, etc.).

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