How Many People go Bankrupt in Newfoundland and Labrador?
According to statistics released by the Office
of the Superintendent of Bankruptcy, the personal bankruptcy
rate in Newfoundland and Labrador increased in 2005, as
seen in the chart below. The number of consumer proposals
filed increased substantially as more debtors becaume aware
of Consumer Proposals.
Newfoundland Cities
2005
2004
Bankruptcies
Proposals
Total
Bankruptcies
Proposals
Total
St. John's
914
33
947
857
16
873
Newfoundland
2,669
44
2,713
2,320
27
2,347
Canada
84,638
16,554
101,192
84,426
15,551
99,977
Change
Newfoundland Cities
Bankruptcies
Proposals
Total
St. John's
7%
106%
8%
Newfoundland
15%
63%
16%
Canada
0%
6%
1%
Chart assembled from sources believed to be accurate; please
review the source noted above for bankruptcy statistics
for other cities in Newfoundland and Labrador. For further
information, please contact
a nearby expert.
.gif){kind=spacer}
