According to statistics released by the Office
of the Superintendent of Bankruptcy, the personal bankruptcy
rate in Nova Scotia increased in 2005, as seen in the chart
below. The number of Consumer Proposals
filed in Nova Scotia in 2005 increased substantially as
more debtors became aware of this alternative to bankruptcy.
Nova Scotia Cities
2005
2004
Bankruptcies
Proposals
Total
Bankruptcies
Proposals
Total
Halifax
1,577
141
1,718
1,576
118
1,694
Kentville
281
11
292
248
10
258
Nova Scotia
3,976
468
4,444
3,749
373
4,122
Canada
84,638
16,554
101,192
84,426
15,551
99,977
Change
Nova Scotia Cities
Bankruptcies
Proposals
Total
Halifax
0%
19%
1%
Kentville
13%
10%%
13%
Nova Scotia
6%
25%
8%
Canada
0%
6%
1%
Chart assembled from sources believed to be accurate; please
review the source noted above for personal bankruptcy statistics
for other cities in Nova Scotia. For further information,
please contact
a nearby expert.
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