Posts Tagged ‘creditors’

Is a Consumer Proposal Worth It?

Many years ago, the Government created a second path to deal with debt, but many consumers still don’t know about this choice. It’s called a consumer proposal.

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September 2020 – Personal Bankruptcy & Consumer Proposal Statistics

Canada – Insolvencies continue to decline, personal bankruptcies declined 25.0% and consumer proposal filings declined 7.6% as compared to the 12-months ended August 31, 2019.

New Brunswick – Insolvencies continue to decline, personal bankruptcies were down 26.7% and consumer proposal filings were down 11.7% as compared to the 12-months ended August 31, 2019.

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August 2020 – Personal Bankruptcy & Consumer Proposal Statistics

Canada – Insolvencies continue to decline, personal bankruptcies declined 25.0% and consumer proposal filings declined 7.6% as compared to the 12-months ended August 31, 2019.

New Brunswick – Insolvencies continue to decline, personal bankruptcies were down 26.7% and consumer proposal filings were down 11.7% as compared to the 12-months ended August 31, 2019.

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July 2020 – Personal Bankruptcy & Consumer Proposal Statistics

Canada – Personal bankruptcies were down 21.1% and consumer proposal filings were down 3.1% as compared to the 12-months ended July 31, 2019.

New Brunswick – Personal bankruptcies were down 22.5% and consumer proposal filings were down 10.0% as compared to the 12-months ended July 31, 2019.

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June 2020 – Personal Bankruptcy & Consumer Proposal Statistics

Canada – Personal bankruptcies were down 16.8% and consumer proposal filings were up 2.4% as compared to the 12-months ended June 30, 2020.

New Brunswick – Personal bankruptcies were down 19.0% and consumer proposal filings were down 4.3% as compared to the 12-months ended June 30, 2020.

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May 2020 – Personal Bankruptcy & Consumer Proposal Statistics

Canada – Personal bankruptcies were down 13.4% and consumer proposal filings were up 6.8% as compared to the 12-months ended May 31, 2020.

New Brunswick – Personal bankruptcies were down 13.8% and consumer proposal filings were up 4.6% as compared to the 12-months ended May 31, 2020.

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