Posts tagged consumer proposal new brunswick
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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Understanding Consumer Proposals

A consumer proposal is a settlement arrangement with your unsecured creditors to pay a portion of your debt in monthly payment over a period of up to 5 years.  These payments are the full and final settlement of your debts with these creditors.

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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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