New Brunswick Consumer Insolvency Trends
By Ken Rowan, with data to April 2023
Data source: see notes following
NB
Monthly Filings
A five-year chart of New Brunswick consumer insolvency filings.
Consumer Proposals
Annual File Growth
To measure growth we compare total filings in the 12 months ended April 2023 with those in the 12 months ended April 2022.
Regions / Municipal Areas
Mean and Current Monthly Filings
We consider census metropolitan areas and regions and compare current volumes with the 10-year historical mean. Showing the current month as a percentage of the mean reveals the degree to which current filings exceed the mean.
Cities
Annual Growth Rates
We filter out cities having less than 60 filings per year and show the remainder.
| City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|
| Rothesay | 50 | 31 | 19 | 61.3% |
| Riverview | 94 | 74 | 20 | 27.0% |
| Fredericton | 328 | 265 | 63 | 23.8% |
| Shediac | 60 | 51 | 9 | 17.6% |
| Tracadie-Sheila | 81 | 69 | 12 | 17.4% |
| Moncton | 487 | 420 | 67 | 16.0% |
| Bathurst | 95 | 83 | 12 | 14.5% |
| Saint John | 405 | 364 | 41 | 11.3% |
| Edmundston | 61 | 59 | 2 | 3.4% |
| Miramichi | 103 | 104 | -1 | -1.0% |
| Oromocto | 60 | 66 | -6 | -9.1% |
| Campbellton | 50 | 63 | -13 | -20.6% |
Forward Sortation Areas
Most Active This Month
The most active FSAs in the current month and their mean monthly filings since 2013.
| FSA | FSA.Place.Name | City | April2023 | Mean | April2023.over.Mean |
|---|---|---|---|---|---|
| E1A | Dieppe Moncton East | Moncton | 18 | 20.9 | 86.0% |
| E1C | Moncton Central | Moncton | 14 | 13.9 | 100.8% |
| E3B | Fredericton South New Brunswick Prov Govt | Fredericton | 11 | 14.1 | 77.9% |
| E2A | Bathurst | Bathurst | 10 | 8.0 | 125.6% |
| E2M | Saint John West | Saint John | 10 | 9.8 | 101.6% |
| E1G | Moncton Northwest | Moncton | 9 | 9.1 | 98.8% |
| E3V | Edmundston | Edmundston | 9 | 5.3 | 170.1% |
| E1X | Tracadie-Sheila | Tracadie-Sheila | 8 | 6.5 | 122.6% |
| E4P | Shediac | Shediac | 8 | 6.9 | 115.7% |
| E2K | Saint John North | Saint John | 7 | 8.5 | 82.5% |
| E2L | Saint John Central | Saint John | 7 | 4.0 | 173.3% |
| E3A | Fredericton North | Fredericton | 7 | 12.5 | 55.8% |
| E7M | Woodstock | Woodstock, NB | 7 | 4.6 | 153.6% |
| E1B | Riverview | Riverview | 6 | 10.4 | 57.5% |
| E2V | Oromocto | Oromocto | 6 | 7.3 | 82.1% |
| E6J | McAdam | McAdam | 6 | 0.6 | 930.0% |
| E2E | Rothesay | Rothesay | 5 | 6.0 | 82.8% |
| E2S | Saint John Loch Lomond | Saint John | 5 | 3.4 | 149.0% |
| E1V | Miramichi North | Miramichi | 4 | 6.2 | 64.4% |
| E1W | Caraquet | Caraquet | 4 | 2.3 | 174.6% |
Annual Growth Rates
We average over 10 years the number of monthly files in FSAs and we filter out those having less than 72 files annually. We compare the number of files in the 12-month period ended April 2023 to those in the 12-month period ended April 2022 to calculate growth.
| FSA | FSA_Place_Name | City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| E2E | Rothesay | Rothesay | 50 | 31 | 19 | 61.3% |
| E1G | Moncton Northwest | Moncton | 86 | 67 | 19 | 28.4% |
| E1B | Riverview | Riverview | 94 | 74 | 20 | 27.0% |
| E3B | Fredericton South New Brunswick Prov Govt | Fredericton | 149 | 119 | 30 | 25.2% |
| E2M | Saint John West | Saint John | 91 | 74 | 17 | 23.0% |
| E2A | Bathurst | Bathurst | 83 | 68 | 15 | 22.1% |
| E3A | Fredericton North | Fredericton | 114 | 94 | 20 | 21.3% |
| E1C | Moncton Central | Moncton | 141 | 118 | 23 | 19.5% |
| E4P | Shediac | Shediac | 60 | 51 | 9 | 17.6% |
| E1X | Tracadie-Sheila | Tracadie-Sheila | 81 | 69 | 12 | 17.4% |
| E1A | Dieppe Moncton East | Moncton | 207 | 187 | 20 | 10.7% |
| E2J | Saint John East | Saint John | 108 | 109 | -1 | -0.9% |
| E1V | Miramichi North | Miramichi | 58 | 59 | -1 | -1.7% |
| E2V | Oromocto | Oromocto | 60 | 66 | -6 | -9.1% |
| E2K | Saint John North | Saint John | 84 | 93 | -9 | -9.7% |
Notes and Data Sources
FSA and Forward Sortation Area are protected terms for the benefit of Canada Post Corporation.
Data source: The Office of the Superintendent of Bankruptcy (“OSB”), Innovation, Science and Economic Development Canada, data sets 2013 to April 2023, https://open.canada.ca/
We report on only consumer bankruptcies and consumer proposals as defined by the OSB. For definitions, see https://open.canada.ca/
Ken Rowan is a retired Licensed Insolvency Trustee and a retired CA, CPA.
Questions or Comments? Email debtsgo.ca