Consumer Proposal Filings up in Windsor

by Rebecca Martyn on June 1, 2015

proposalThe Office of the Superintendent of Bankruptcy recently released their statistics for the first quarter of 2015.

Insolvencies filings in Windsor are up 7.3% for the first quarter of 2015 over the first quarter 2014. For the same period bankruptcies are down 5.3% and consumer proposals are up 22.2%. In fact, more people in Windsor filed consumer proposal in the first quarter of 2015 than filed for bankruptcy.

As shown in our Joe Debtor study, most people who face financial difficulty are people who are working and just hit a financial road block. More of these people are choosing to settle their debts with a consumer proposal.

For more information about personal bankruptcy or consumer proposals, please contact me at 519-250-8060.


Rebecca Martyn is a bankruptcy trustee and consumer proposal administrator responsible for the Hoyes, Michalos & Associates office in Windsor, Ontario.

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