The monthly statistics for a total consumer proposals have been released by the Government of Canada. The numbers show a 4% decline in total consumer proposals filed in the province of Alberta. The recent economic downturn, coupled with the decline in the energy sector, has led to a number of financial constraints for consumers in the province.
April 2016 to March 2016 saw a decrease of 29 filings to a total number of 672. April 2016s number is still over 68% higher then 2015 of the same month.
Although the decrease in consumer proposals is a positive sign, total consumer proposals filed still remains very high, indicative many consumers are still struggling to control their debt loads.
If you’re looking for assistance, or would like to learn more about your current debt situation, contact a licensed insolvency professional. You can even book online using the schedule to the right.