Definitions
- Bankruptcy
- The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
- Bankruptcy and Insolvency Act (BIA)
- The federal act that provides the framework to file and administer insolvencies in Canada.
- Business
- Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business.
- Consumer
- An individual with more than 50% of total liabilities related to consumer goods and services.
- Corporation
- A commercial entity or organization.
- Individual Business
- An individual who has incurred 50% or more of total liabilities as a result of operating a business.
- North American Industry Classification System (NAICS)
- System that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
- Proposal
- An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.
Note:
Monthly statistics for insolvency volumes tend to vary widely. Quarterly and annual statistics can be more indicative of the evolution of insolvency volume.
| - | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2023 | January 2023 | February 2022 | Jan. 2023 to Feb. 2023 |
Feb. 2022 to Feb. 2023 |
02-28-2023 | 02-28-2022 | % Change | |
| Newfoundland and Labrador | 168 | 139 | 145 | 20.9 | 15.9 | 1,982 | 1,734 | 14.3 |
|
Bankruptcies
|
64 | 50 | 43 | 28.0 | 48.8 | 711 | 638 | 11.4 |
|
Proposals
|
104 | 89 | 102 | 16.9 | 2.0 | 1,271 | 1,096 | 16.0 |
| Prince Edward Island | 36 | 37 | 34 | -2.7 | 5.9 | 452 | 394 | 14.7 |
|
Bankruptcies
|
12 | 12 | 11 | 0.0 | 9.1 | 170 | 170 | 0.0 |
|
Proposals
|
24 | 25 | 23 | -4.0 | 4.3 | 282 | 224 | 25.9 |
| Nova Scotia | 301 | 305 | 217 | -1.3 | 38.7 | 3,689 | 2,919 | 26.4 |
|
Bankruptcies
|
86 | 95 | 79 | -9.5 | 8.9 | 1,248 | 1,214 | 2.8 |
|
Proposals
|
215 | 210 | 138 | 2.4 | 55.8 | 2,441 | 1,705 | 43.2 |
| New Brunswick | 266 | 228 | 215 | 16.7 | 23.7 | 3,221 | 2,949 | 9.2 |
|
Bankruptcies
|
87 | 55 | 78 | 58.2 | 11.5 | 1,033 | 1,211 | -14.7 |
|
Proposals
|
179 | 173 | 137 | 3.5 | 30.7 | 2,188 | 1,738 | 25.9 |
| Quebec | 2,631 | 2,356 | 2,110 | 11.7 | 24.7 | 28,286 | 25,121 | 12.6 |
|
Bankruptcies
|
864 | 804 | 823 | 7.5 | 5.0 | 10,449 | 11,176 | -6.5 |
|
Proposals
|
1,767 | 1,552 | 1,287 | 13.9 | 37.3 | 17,837 | 13,945 | 27.9 |
| Ontario | 3,245 | 3,164 | 2,606 | 2.6 | 24.5 | 37,199 | 30,771 | 20.9 |
|
Bankruptcies
|
608 | 606 | 573 | 0.3 | 6.1 | 7,933 | 7,866 | 0.9 |
|
Proposals
|
2,637 | 2,558 | 2,033 | 3.1 | 29.7 | 29,266 | 22,905 | 27.8 |
| Manitoba | 244 | 258 | 185 | -5.4 | 31.9 | 2,967 | 2,485 | 19.4 |
|
Bankruptcies
|
68 | 71 | 41 | -4.2 | 65.9 | 813 | 768 | 5.9 |
|
Proposals
|
176 | 187 | 144 | -5.9 | 22.2 | 2,154 | 1,717 | 25.5 |
| Saskatchewan | 284 | 292 | 218 | -2.7 | 30.3 | 3,317 | 2,755 | 20.4 |
|
Bankruptcies
|
45 | 36 | 52 | 25.0 | -13.5 | 657 | 759 | -13.4 |
|
Proposals
|
239 | 256 | 166 | -6.6 | 44.0 | 2,660 | 1,996 | 33.3 |
| Alberta | 1,389 | 1,387 | 1,183 | 0.1 | 17.4 | 15,730 | 14,027 | 12.1 |
|
Bankruptcies
|
218 | 218 | 199 | 0.0 | 9.5 | 2,555 | 2,725 | -6.2 |
|
Proposals
|
1,171 | 1,169 | 984 | 0.2 | 19.0 | 13,175 | 11,302 | 16.6 |
| British Columbia | 954 | 891 | 746 | 7.1 | 27.9 | 10,773 | 8,795 | 22.5 |
|
Bankruptcies
|
156 | 173 | 165 | -9.8 | -5.5 | 1,947 | 2,153 | -9.6 |
|
Proposals
|
798 | 718 | 581 | 11.1 | 37.3 | 8,826 | 6,642 | 32.9 |
| Northwest Territories | 3 | 3 | 7 | 0.0 | -57.1 | 49 | 59 | -16.9 |
|
Bankruptcies
|
0 | 1 | 1 | -100.0 | -100.0 | 3 | 9 | -66.7 |
|
Proposals
|
3 | 2 | 6 | 50.0 | -50.0 | 46 | 50 | -8.0 |
| Yukon | 4 | 4 | 2 | 0.0 | 100.0 | 51 | 34 | 50.0 |
|
Bankruptcies
|
1 | 1 | 0 | 0.0 | -- | 8 | 6 | 33.3 |
|
Proposals
|
3 | 3 | 2 | 0.0 | 50.0 | 43 | 28 | 53.6 |
| Nunavut | 1 | 2 | 0 | -50.0 | -- | 15 | 12 | 25.0 |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
|
Proposals
|
1 | 2 | 0 | -50.0 | -- | 15 | 11 | 36.4 |
| Canada | 9,526 | 9,066 | 7,668 | 5.1 | 24.2 | 107,731 | 92,055 | 17.0 |
|
Bankruptcies
|
2,209 | 2,122 | 2,065 | 4.1 | 7.0 | 27,527 | 28,696 | -4.1 |
|
Proposals
|
7,317 | 6,944 | 5,603 | 5.4 | 30.6 | 80,204 | 63,359 | 26.6 |
| - | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2023 | January 2023 | February 2022 | Jan. 2023 to Feb. 2023 |
Feb. 2022 to Feb. 2023 |
02-28-2023 | 02-28-2022 | % Change | |
| Newfoundland and Labrador | 166 | 139 | 144 | 19.4 | 15.3 | 1,969 | 1,722 | 14.3 |
|
Bankruptcies
|
62 | 50 | 42 | 24.0 | 47.6 | 700 | 627 | 11.6 |
|
Proposals
|
104 | 89 | 102 | 16.9 | 2.0 | 1,269 | 1,095 | 15.9 |
| Prince Edward Island | 36 | 37 | 34 | -2.7 | 5.9 | 450 | 389 | 15.7 |
|
Bankruptcies
|
12 | 12 | 11 | 0.0 | 9.1 | 169 | 166 | 1.8 |
|
Proposals
|
24 | 25 | 23 | -4.0 | 4.3 | 281 | 223 | 26.0 |
| Nova Scotia | 299 | 300 | 213 | -0.3 | 40.4 | 3,660 | 2,901 | 26.2 |
|
Bankruptcies
|
85 | 90 | 78 | -5.6 | 9.0 | 1,227 | 1,203 | 2.0 |
|
Proposals
|
214 | 210 | 135 | 1.9 | 58.5 | 2,433 | 1,698 | 43.3 |
| New Brunswick | 263 | 225 | 213 | 16.9 | 23.5 | 3,194 | 2,933 | 8.9 |
|
Bankruptcies
|
86 | 52 | 77 | 65.4 | 11.7 | 1,012 | 1,197 | -15.5 |
|
Proposals
|
177 | 173 | 136 | 2.3 | 30.1 | 2,182 | 1,736 | 25.7 |
| Quebec | 2,451 | 2,167 | 1,962 | 13.1 | 24.9 | 26,254 | 23,533 | 11.6 |
|
Bankruptcies
|
723 | 647 | 704 | 11.7 | 2.7 | 8,759 | 9,868 | -11.2 |
|
Proposals
|
1,728 | 1,520 | 1,258 | 13.7 | 37.4 | 17,495 | 13,665 | 28.0 |
| Ontario | 3,172 | 3,063 | 2,526 | 3.6 | 25.6 | 36,244 | 30,126 | 20.3 |
|
Bankruptcies
|
550 | 527 | 523 | 4.4 | 5.2 | 7,224 | 7,401 | -2.4 |
|
Proposals
|
2,622 | 2,536 | 2,003 | 3.4 | 30.9 | 29,020 | 22,725 | 27.7 |
| Manitoba | 240 | 257 | 183 | -6.6 | 31.1 | 2,933 | 2,454 | 19.5 |
|
Bankruptcies
|
65 | 70 | 39 | -7.1 | 66.7 | 795 | 743 | 7.0 |
|
Proposals
|
175 | 187 | 144 | -6.4 | 21.5 | 2,138 | 1,711 | 25.0 |
| Saskatchewan | 279 | 289 | 214 | -3.5 | 30.4 | 3,259 | 2,707 | 20.4 |
|
Bankruptcies
|
43 | 36 | 49 | 19.4 | -12.2 | 627 | 724 | -13.4 |
|
Proposals
|
236 | 253 | 165 | -6.7 | 43.0 | 2,632 | 1,983 | 32.7 |
| Alberta | 1,370 | 1,370 | 1,162 | 0.0 | 17.9 | 15,486 | 13,874 | 11.6 |
|
Bankruptcies
|
202 | 209 | 184 | -3.3 | 9.8 | 2,420 | 2,622 | -7.7 |
|
Proposals
|
1,168 | 1,161 | 978 | 0.6 | 19.4 | 13,066 | 11,252 | 16.1 |
| British Columbia | 938 | 879 | 732 | 6.7 | 28.1 | 10,621 | 8,706 | 22.0 |
|
Bankruptcies
|
146 | 164 | 158 | -11.0 | -7.6 | 1,842 | 2,096 | -12.1 |
|
Proposals
|
792 | 715 | 574 | 10.8 | 38.0 | 8,779 | 6,610 | 32.8 |
| Northwest Territories | 3 | 3 | 7 | 0.0 | -57.1 | 47 | 59 | -20.3 |
|
Bankruptcies
|
0 | 1 | 1 | -100.0 | -100.0 | 3 | 9 | -66.7 |
|
Proposals
|
3 | 2 | 6 | 50.0 | -50.0 | 44 | 50 | -12.0 |
| Yukon | 4 | 4 | 2 | 0.0 | 100.0 | 51 | 34 | 50.0 |
|
Bankruptcies
|
1 | 1 | 0 | 0.0 | -- | 8 | 6 | 33.3 |
|
Proposals
|
3 | 3 | 2 | 0.0 | 50.0 | 43 | 28 | 53.6 |
| Nunavut | 1 | 2 | 0 | -50.0 | -- | 15 | 12 | 25.0 |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
|
Proposals
|
1 | 2 | 0 | -50.0 | -- | 15 | 11 | 36.4 |
| Canada | 9,222 | 8,735 | 7,392 | 5.6 | 24.8 | 104,183 | 89,450 | 16.5 |
|
Bankruptcies
|
1,975 | 1,859 | 1,866 | 6.2 | 5.8 | 24,786 | 26,663 | -7.0 |
|
Proposals
|
7,247 | 6,876 | 5,526 | 5.4 | 31.1 | 79,397 | 62,787 | 26.5 |
| - | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2023 | January 2023 | February 2022 | Jan. 2023 to Feb. 2023 |
Feb. 2022 to Feb. 2023 |
02-28-2023 | 02-28-2022 | % Change | |
| Newfoundland and Labrador | 2 | 0 | 1 | -- | 100.0 | 13 | 12 | 8.3 |
|
Bankruptcies
|
2 | 0 | 1 | -- | 100.0 | 11 | 11 | 0.0 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
| Prince Edward Island | 0 | 0 | 0 | -- | -- | 2 | 5 | -60.0 |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 1 | 4 | -75.0 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Nova Scotia | 2 | 5 | 4 | -60.0 | -50.0 | 29 | 18 | 61.1 |
|
Bankruptcies
|
1 | 5 | 1 | -80.0 | 0.0 | 21 | 11 | 90.9 |
|
Proposals
|
1 | 0 | 3 | -- | -66.7 | 8 | 7 | 14.3 |
| New Brunswick | 3 | 3 | 2 | 0.0 | 50.0 | 27 | 16 | 68.8 |
|
Bankruptcies
|
1 | 3 | 1 | -66.7 | 0.0 | 21 | 14 | 50.0 |
|
Proposals
|
2 | 0 | 1 | -- | 100.0 | 6 | 2 | 200.0 |
| Quebec | 180 | 189 | 148 | -4.8 | 21.6 | 2,032 | 1,588 | 28.0 |
|
Bankruptcies
|
141 | 157 | 119 | -10.2 | 18.5 | 1,690 | 1,308 | 29.2 |
|
Proposals
|
39 | 32 | 29 | 21.9 | 34.5 | 342 | 280 | 22.1 |
| Ontario | 73 | 101 | 80 | -27.7 | -8.8 | 955 | 645 | 48.1 |
|
Bankruptcies
|
58 | 79 | 50 | -26.6 | 16.0 | 709 | 465 | 52.5 |
|
Proposals
|
15 | 22 | 30 | -31.8 | -50.0 | 246 | 180 | 36.7 |
| Manitoba | 4 | 1 | 2 | 300.0 | 100.0 | 34 | 31 | 9.7 |
|
Bankruptcies
|
3 | 1 | 2 | 200.0 | 50.0 | 18 | 25 | -28.0 |
|
Proposals
|
1 | 0 | 0 | -- | -- | 16 | 6 | 166.7 |
| Saskatchewan | 5 | 3 | 4 | 66.7 | 25.0 | 58 | 48 | 20.8 |
|
Bankruptcies
|
2 | 0 | 3 | -- | -33.3 | 30 | 35 | -14.3 |
|
Proposals
|
3 | 3 | 1 | 0.0 | 200.0 | 28 | 13 | 115.4 |
| Alberta | 19 | 17 | 21 | 11.8 | -9.5 | 244 | 153 | 59.5 |
|
Bankruptcies
|
16 | 9 | 15 | 77.8 | 6.7 | 135 | 103 | 31.1 |
|
Proposals
|
3 | 8 | 6 | -62.5 | -50.0 | 109 | 50 | 118.0 |
| British Columbia | 16 | 12 | 14 | 33.3 | 14.3 | 152 | 89 | 70.8 |
|
Bankruptcies
|
10 | 9 | 7 | 11.1 | 42.9 | 105 | 57 | 84.2 |
|
Proposals
|
6 | 3 | 7 | 100.0 | -14.3 | 47 | 32 | 46.9 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 2 | 0 | -- |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Proposals
|
0 | 0 | 0 | -- | -- | 2 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Proposals
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Proposals
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 304 | 331 | 276 | -8.2 | 10.1 | 3 548 | 2 605 | 36.2 |
|
Bankruptcies
|
234 | 263 | 199 | -11.0 | 17.6 | 2 741 | 2 033 | 34.8 |
|
Proposals
|
70 | 68 | 77 | 2.9 | -9.1 | 807 | 572 | 41.1 |
| - | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2023 | January 2023 | February 2022 | Jan. 2023 to Feb. 2023 |
Feb. 2022 to Feb. 2023 |
02-28-2023 | 02-28-2022 | % Change | |
| Newfoundland and Labrador | 0 | 0 | 0 | -- | -- | 0 | 4 | -100.0 |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Prince Edward Island | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 1 | 2 | -50.0 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Nova Scotia | 0 | 3 | 3 | -100.0 | -100.0 | 11 | 6 | 83.3 |
|
Bankruptcies
|
0 | 3 | 0 | -100.0 | -- | 9 | 2 | 350.0 |
|
Proposals
|
0 | 0 | 3 | -- | -100.0 | 2 | 4 | -50.0 |
| New Brunswick | 1 | 2 | 0 | -50.0 | -- | 13 | 9 | 44.4 |
|
Bankruptcies
|
1 | 2 | 0 | -50.0 | -- | 11 | 8 | 37.5 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
| Quebec | 156 | 173 | 124 | -9.8 | 25.8 | 1,774 | 1,388 | 27.8 |
|
Bankruptcies
|
133 | 148 | 103 | -10.1 | 29.1 | 1,543 | 1,190 | 29.7 |
|
Proposals
|
23 | 25 | 21 | -8.0 | 9.5 | 231 | 198 | 16.7 |
| Ontario | 48 | 71 | 52 | -32.4 | -7.7 | 625 | 449 | 39.2 |
|
Bankruptcies
|
45 | 63 | 35 | -28.6 | 28.6 | 531 | 353 | 50.4 |
|
Proposals
|
3 | 8 | 17 | -62.5 | -82.4 | 94 | 96 | -2.1 |
| Manitoba | 1 | 0 | 2 | -- | -50.0 | 11 | 16 | -31.3 |
|
Bankruptcies
|
0 | 0 | 2 | -- | -100.0 | 5 | 12 | -58.3 |
|
Proposals
|
1 | 0 | 0 | -- | -- | 6 | 4 | 50.0 |
| Saskatchewan | 1 | 0 | 1 | -- | 0.0 | 12 | 17 | -29.4 |
|
Bankruptcies
|
0 | 0 | 1 | -- | -100.0 | 5 | 14 | -64.3 |
|
Proposals
|
1 | 0 | 0 | -- | -- | 7 | 3 | 133.3 |
| Alberta | 11 | 10 | 11 | 10.0 | 0.0 | 119 | 86 | 38.4 |
|
Bankruptcies
|
10 | 5 | 7 | 100.0 | 42.9 | 79 | 62 | 27.4 |
|
Proposals
|
1 | 5 | 4 | -80.0 | -75.0 | 40 | 24 | 66.7 |
| British Columbia | 6 | 8 | 5 | -25.0 | 20.0 | 62 | 42 | 47.6 |
|
Bankruptcies
|
4 | 7 | 2 | -42.9 | 100.0 | 46 | 29 | 58.6 |
|
Proposals
|
2 | 1 | 3 | 100.0 | -33.3 | 16 | 13 | 23.1 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Proposals
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Proposals
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Proposals
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 224 | 267 | 198 | -16.1 | 13.1 | 2,629 | 2,019 | 30.2 |
|
Bankruptcies
|
193 | 228 | 150 | -15.4 | 28.7 | 2,230 | 1,675 | 33.1 |
|
Proposals
|
31 | 39 | 48 | -20.5 | -35.4 | 399 | 344 | 16.0 |
| - | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2023 | January 2023 | February 2022 | Jan. 2023 to Feb. 2023 |
Feb. 2022 to Feb. 2023 |
02-28-2023 | 02-28-2022 | % Change | |
| Newfoundland and Labrador | 2 | 0 | 1 | -- | 100.0 | 13 | 8 | 62.5 |
|
Bankruptcies
|
2 | 0 | 1 | -- | 100.0 | 11 | 8 | 37.5 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 2 | 0 | -- |
| Prince Edward Island | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Nova Scotia | 2 | 2 | 1 | 0.0 | 100.0 | 18 | 12 | 50.0 |
|
Bankruptcies
|
1 | 2 | 1 | -50.0 | 0.0 | 12 | 9 | 33.3 |
|
Proposals
|
1 | 0 | 0 | -- | -- | 6 | 3 | 100.0 |
| New Brunswick | 2 | 1 | 2 | 100.0 | 0.0 | 14 | 7 | 100.0 |
|
Bankruptcies
|
0 | 1 | 1 | -100.0 | -100.0 | 10 | 6 | 66.7 |
|
Proposals
|
2 | 0 | 1 | -- | 100.0 | 4 | 1 | 300.0 |
| Quebec | 24 | 16 | 24 | 50.0 | 0.0 | 258 | 200 | 29.0 |
|
Bankruptcies
|
8 | 9 | 16 | -11.1 | -50.0 | 147 | 118 | 24.6 |
|
Proposals
|
16 | 7 | 8 | 128.6 | 100.0 | 111 | 82 | 35.4 |
| Ontario | 25 | 30 | 28 | -16.7 | -10.7 | 330 | 196 | 68.4 |
|
Bankruptcies
|
13 | 16 | 15 | -18.8 | -13.3 | 178 | 112 | 58.9 |
|
Proposals
|
12 | 14 | 13 | -14.3 | -7.7 | 152 | 84 | 81.0 |
| Manitoba | 3 | 1 | 0 | 200.0 | -- | 23 | 15 | 53.3 |
|
Bankruptcies
|
3 | 1 | 0 | 200.0 | -- | 13 | 13 | 0.0 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 10 | 2 | 400.0 |
| Saskatchewan | 4 | 3 | 3 | 33.3 | 33.3 | 46 | 31 | 48.4 |
|
Bankruptcies
|
2 | 0 | 2 | -- | 0.0 | 25 | 21 | 19.0 |
|
Proposals
|
2 | 3 | 1 | -33.3 | 100.0 | 21 | 10 | 110.0 |
| Alberta | 8 | 7 | 10 | 14.3 | -20.0 | 125 | 67 | 86.6 |
|
Bankruptcies
|
6 | 4 | 8 | 50.0 | -25.0 | 56 | 41 | 36.6 |
|
Proposals
|
2 | 3 | 2 | -33.3 | 0.0 | 69 | 26 | 165.4 |
| British Columbia | 10 | 4 | 9 | 150.0 | 11.1 | 90 | 47 | 91.5 |
|
Bankruptcies
|
6 | 2 | 5 | 200.0 | 20.0 | 59 | 28 | 110.7 |
|
Proposals
|
4 | 2 | 4 | 100.0 | 0.0 | 31 | 19 | 63.2 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 2 | 0 | -- |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Proposals
|
0 | 0 | 0 | -- | -- | 2 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Proposals
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Bankruptcies
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
|
Proposals
|
0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 80 | 64 | 78 | 25.0 | 2.6 | 919 | 586 | 56.8 |
|
Bankruptcies
|
41 | 35 | 49 | 17.1 | -16.3 | 511 | 358 | 42.7 |
|
Proposals
|
39 | 29 | 29 | 34.5 | 34.5 | 408 | 228 | 78.9 |
| - | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2023 | January 2023 | February 2022 | Jan. 2023 to Feb. 2023 |
Feb. 2022 to Feb. 2023 |
02-28-2023 | 02-28-2022 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 4 | 17 | 18 | -76.5 | -77.8 | 73 | 69 | 5.8 |
|
Bankruptcies
|
4 | 13 | 17 | -69.2 | -76.5 | 57 | 59 | -3.4 |
|
Proposals
|
0 | 4 | 1 | -100.0 | -100.0 | 16 | 10 | 60.0 |
| Mining and Oil and Gas Extraction | 3 | 3 | 3 | 0.0 | 0.0 | 28 | 38 | -26.3 |
|
Bankruptcies
|
3 | 1 | 2 | 200.0 | 50.0 | 21 | 30 | -30.0 |
|
Proposals
|
0 | 2 | 1 | -100.0 | -100.0 | 7 | 8 | -12.5 |
| Utilities | 0 | 1 | 1 | -100.0 | -100.0 | 7 | 4 | 75.0 |
|
Bankruptcies
|
0 | 1 | 1 | -100.0 | -100.0 | 4 | 3 | 33.3 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 3 | 1 | 200.0 |
| Construction | 38 | 44 | 32 | -13.6 | 18.8 | 540 | 371 | 45.6 |
|
Bankruptcies
|
26 | 31 | 21 | -16.1 | 23.8 | 370 | 273 | 35.5 |
|
Proposals
|
12 | 13 | 11 | -7.7 | 9.1 | 170 | 98 | 73.5 |
| Manufacturing | 25 | 41 | 22 | -39.0 | 13.6 | 291 | 226 | 28.8 |
|
Bankruptcies
|
17 | 32 | 18 | -46.9 | -5.6 | 213 | 179 | 19.0 |
|
Proposals
|
8 | 9 | 4 | -11.1 | 100.0 | 78 | 47 | 66.0 |
| Wholesale Trade | 19 | 12 | 11 | 58.3 | 72.7 | 165 | 102 | 61.8 |
|
Bankruptcies
|
14 | 10 | 10 | 40.0 | 40.0 | 131 | 81 | 61.7 |
|
Proposals
|
5 | 2 | 1 | 150.0 | 400.0 | 34 | 21 | 61.9 |
| Retail Trade | 36 | 41 | 28 | -12.2 | 28.6 | 400 | 282 | 41.8 |
|
Bankruptcies
|
31 | 32 | 26 | -3.1 | 19.2 | 333 | 229 | 45.4 |
|
Proposals
|
5 | 9 | 2 | -44.4 | 150.0 | 67 | 53 | 26.4 |
| Transportation and Warehousing | 26 | 20 | 30 | 30.0 | -13.3 | 286 | 215 | 33.0 |
|
Bankruptcies
|
15 | 16 | 19 | -6.3 | -21.1 | 218 | 172 | 26.7 |
|
Proposals
|
11 | 4 | 11 | 175.0 | 0.0 | 68 | 43 | 58.1 |
| Information and Cultural Industries | 5 | 10 | 16 | -50.0 | -68.8 | 67 | 50 | 34.0 |
|
Bankruptcies
|
4 | 10 | 5 | -60.0 | -20.0 | 52 | 33 | 57.6 |
|
Proposals
|
1 | 0 | 11 | -- | -90.9 | 15 | 17 | -11.8 |
| Finance and Insurance | 3 | 6 | 0 | -50.0 | -- | 48 | 39 | 23.1 |
|
Bankruptcies
|
2 | 3 | 0 | -33.3 | -- | 32 | 30 | 6.7 |
|
Proposals
|
1 | 3 | 0 | -66.7 | -- | 16 | 9 | 77.8 |
| Real Estate and Rental and Leasing | 8 | 13 | 4 | -38.5 | 100.0 | 128 | 108 | 18.5 |
|
Bankruptcies
|
5 | 11 | 2 | -54.5 | 150.0 | 102 | 75 | 36.0 |
|
Proposals
|
3 | 2 | 2 | 50.0 | 50.0 | 26 | 33 | -21.2 |
| Professional, Scientific and Technical Services | 25 | 19 | 17 | 31.6 | 47.1 | 253 | 181 | 39.8 |
|
Bankruptcies
|
22 | 14 | 11 | 57.1 | 100.0 | 191 | 146 | 30.8 |
|
Proposals
|
3 | 5 | 6 | -40.0 | -50.0 | 62 | 35 | 77.1 |
| Management of Companies and Enterprises | 6 | 6 | 9 | 0.0 | -33.3 | 78 | 69 | 13.0 |
|
Bankruptcies
|
4 | 4 | 6 | 0.0 | -33.3 | 66 | 53 | 24.5 |
|
Proposals
|
2 | 2 | 3 | 0.0 | -33.3 | 12 | 16 | -25.0 |
| Administrative and Support, Waste Management and Remediation Services | 17 | 7 | 25 | 142.9 | -32.0 | 165 | 161 | 2.5 |
|
Bankruptcies
|
11 | 3 | 17 | 266.7 | -35.3 | 111 | 117 | -5.1 |
|
Proposals
|
6 | 4 | 8 | 50.0 | -25.0 | 54 | 44 | 22.7 |
| Educational Services | 5 | 5 | 1 | 0.0 | 400.0 | 41 | 26 | 57.7 |
|
Bankruptcies
|
5 | 5 | 1 | 0.0 | 400.0 | 35 | 20 | 75.0 |
|
Proposals
|
0 | 0 | 0 | -- | -- | 6 | 6 | 0.0 |
| Health Care and Social Assistance | 3 | 2 | 8 | 50.0 | -62.5 | 89 | 72 | 23.6 |
|
Bankruptcies
|
2 | 1 | 5 | 100.0 | -60.0 | 56 | 54 | 3.7 |
|
Proposals
|
1 | 1 | 3 | 0.0 | -66.7 | 33 | 18 | 83.3 |
| Arts, Entertainment and Recreation | 9 | 10 | 8 | -10.0 | 12.5 | 85 | 75 | 13.3 |
|
Bankruptcies
|
9 | 9 | 7 | 0.0 | 28.6 | 76 | 57 | 33.3 |
|
Proposals
|
0 | 1 | 1 | -100.0 | -100.0 | 9 | 18 | -50.0 |
| Accommodation and Food Services | 49 | 57 | 25 | -14.0 | 96.0 | 557 | 375 | 48.5 |
|
Bankruptcies
|
39 | 53 | 18 | -26.4 | 116.7 | 473 | 307 | 54.1 |
|
Proposals
|
10 | 4 | 7 | 150.0 | 42.9 | 84 | 68 | 23.5 |
| Other Services (except Public Administration) | 23 | 15 | 18 | 53.3 | 27.8 | 235 | 137 | 71.5 |
|
Bankruptcies
|
21 | 13 | 13 | 61.5 | 61.5 | 189 | 110 | 71.8 |
|
Proposals
|
2 | 2 | 5 | 0.0 | -60.0 | 46 | 27 | 70.4 |
| Public Administration | 0 | 2 | 0 | -100.0 | -- | 10 | 4 | 150.0 |
|
Bankruptcies
|
0 | 1 | 0 | -100.0 | -- | 9 | 4 | 125.0 |
|
Proposals
|
0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Canada | 304 | 331 | 276 | -8.2 | 10.1 | 3,546 | 2,604 | 36.2 |
| Bankruptcies | 234 | 263 | 199 | -11.0 | 17.6 | 2,739 | 2,032 | 34.8 |
| Proposals | 70 | 68 | 77 | 2.9 | -9.1 | 807 | 572 | 41.1 |