Insolvency Statistics in Canada—2011 (Table 1)

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Table 1: Total Insolvencies
Province Volume 2011
2011 2010 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 2,107 2,544 -17.2 86,914,925 160,481,526
Bankruptcies 1,981 2,399 -17.4 71,928,903 139,128,836
Proposals 126 145 -13.1 14,986,022 21,352,690
Prince Edward Island 637 598 6.5 40,604,750 74,039,712
Bankruptcies 535 528 1.3 28,346,791 59,156,135
Proposals 102 70 45.7 12,257,959 14,883,577
Nova Scotia 4,669 5,297 -11.9 356,310,025 508,746,134
Bankruptcies 3,682 4,318 -14.7 241,819,127 395,780,704
Proposals 987 979 0.8 114,490,898 112,965,430
New Brunswick 3,560 3,796 -6.2 260,273,157 414,959,752
Bankruptcies 2,891 3,179 -9.1 182,903,041 320,420,554
Proposals 669 617 8.4 77,370,116 94,539,198
Quebec 37,895 39,870 -5.0 2,116,718,316 5,132,648,852
Bankruptcies 27,196 29,620 -8.2 1,016,636,872 3,072,678,813
Proposals 10,699 10,250 4.4 1,100,081,444 2,059,970,039
Ontario 52,074 58,479 -11.0 4,877,011,935 8,914,678,379
Bankruptcies 26,805 34,533 -22.4 1,724,259,029 5,298,051,892
Proposals 25,269 23,946 5.5 3,152,752,906 3,616,626,487
Manitoba 2,229 2,751 -19.0 162,178,097 296,248,233
Bankruptcies 1,574 2,062 -23.7 86,535,154 218,797,686
Proposals 655 689 -4.9 75,642,943 77,450,547
Saskatchewan 2,212 2,470 -10.4 421,033,874 373,217,223
Bankruptcies 1,376 1,627 -15.4 297,642,461 259,452,753
Proposals 836 843 -0.8 123,391,413 113,764,470
Alberta 10,381 11,334 -8.4 1,573,953,917 2,479,314,445
Bankruptcies 7,293 8,528 -14.5 994,056,747 1,806,665,417
Proposals 3,088 2,806 10.0 579,897,170 672,649,028
British Columbia 11,919 13,006 -8.4 1,335,212,491 2,434,810,581
Bankruptcies 8,232 9,903 -16.9 816,375,946 1,846,658,624
Proposals 3,687 3,103 18.8 518,836,545 588,151,957
Northwest Territories 47 44 6.8 3,434,106 11,206,029
Bankruptcies 33 31 6.5 2,942,693 6,246,676
Proposals 14 13 7.7 491,413 4,959,353
Yukon 37 41 -9.8 2,792,384 5,150,091
Bankruptcies 32 34 -5.9 1,591,915 3,614,622
Proposals 5 7 -28.6 1,200,469 1,535,469
Nunavut 7 4 75.0 1,267,940 2,058,474
Bankruptcies 6 4 50.0 1,039,140 1,804,520
Proposals 1 0 228,800 253,954
Canada 127,774 140,234 -8.9 11,237,705,917 20,807,559,431
Bankruptcies 81,636 96,766 -15.6 5,466,077,819 13,428,457,232
Proposals 46,138 43,468 6.1 5,771,628,098 7,379,102,199