7/10/2018 12:51:00 PM by Powell Associates Ltd. - Licensed Insolvency Trustee
On February 28, 2018, the Office of the Superintendent of Bankruptcy released its most current statistics on personal bankruptcy and consumer proposal filings for Canadian debtors.
Canada - there were 57,969 personal bankruptcies and 64,229 consumer proposals filed in the 12-months ended December 31, 2017. Personal bankruptcies were down 8.5% and consumer proposal filings were up 2.8% as compared to the 12-months ended December 31, 2016. There were 4,142 personal bankruptcies and 4,449 consumer proposal filed in Canada in the month of December 2017.
New Brunswick - there were 2,457 personal bankruptcies and 1,904 consumer proposals filed in the 12-months ended December 31, 2017. Personal bankruptcies were down 15.4% and consumer proposal filings were up 23.8% as compared to the 12-months ended December 31, 2016. There were 189 personal bankruptcies and 162 consumer proposal filed in New Brunswick in the month of December 2017.
Nova Scotia - there were 3,807 personal bankruptcies and 1,917 consumer proposals filed in the 12-months ended December 31, 2017. Personal bankruptcies were down 9.2% and consumer proposal filings were up 9.1% as compared to the 12-months ended December 31, 2016. There were 259 personal bankruptcies and 113 consumer proposal filed in Nova Scotia in the month of December 2017.
Prince Edward Island - there were 387 personal bankruptcies and 286 consumer proposals filed in the 12-months ended December 31, 2017. Personal bankruptcies were down 22.6% and consumer proposal filings were down 5.3% as compared to the 12-months ended December 31, 2016. There were 21 personal bankruptcies and 21 consumer proposal filed in Canada in the month of December 2017.
https://maritimetrustee.ca/blog/2018/3/14/december-2017-personal-bankruptcy