Posts Tagged ‘Personal’

April 2020 – Personal Bankruptcy & Consumer Proposal Statistics

Canada – Personal bankruptcies were down 7.9% and consumer proposal filings were up 12.7% as compared to the 12-months ended April 30, 2020.

New Brunswick – Personal bankruptcies were down 7.2% and consumer proposal filings were up 9.1% as compared to the 12-months ended April 30, 2020.

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March 2020 – Personal Bankruptcy & Consumer Proposal Statistics

Canada – Personal bankruptcies were down 3.0% and consumer proposal filings were up 17.5% as compared to the 12-months ended March 31, 2020.

New Brunswick – Personal bankruptcies were down 2.3% and consumer proposal filings were up 14.9% as compared to the 12-months ended March 31, 2020.

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February 2020 – Personal Bankruptcy & Consumer Proposal Statistics

Canada – Personal bankruptcies were down 1.7% and consumer proposal filings were up 19.0% as compared to the 12-months ended February 28, 2019.

New Brunswick – Personal bankruptcies were up 0.3% and consumer proposal filings were up 12.8% as compared to the 12-months ended February 28, 2019.

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2020 Surplus Income Standards

The Government of Canada has set net monthly income thresholds for a person or family to maintain a minimal standard of living in Canada. Every dollar that a bankrupt family makes above this level is subject to a surplus income payment of 50% while a person remains bankrupt.

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