Table 1: Total Insolvencies - | Volume | 2020 |
2020 | 2019 | % Change | Assets Declared at the Time of Filing ($) | Liabilities Declared at the Time of Filing ($) |
Newfoundland and Labrador | 1,883 | 3,262 | -42.3 | 236,433,878 | 303,461,870 |
Bankruptcies | 778 | 1,501 | -48.2 | 74,640,106 | 128,309,318 |
Proposals | 1,105 | 1,761 | -37.3 | 161,793,772 | 175,152,552 |
Prince Edward Island | 428 | 759 | -43.6 | 22,461,459 | 35,391,770 |
Bankruptcies | 204 | 395 | -48.4 | 7,021,615 | 18,163,909 |
Proposals | 224 | 364 | -38.5 | 15,439,844 | 17,227,861 |
Nova Scotia | 3,517 | 6,099 | -42.3 | 306,260,159 | 482,727,072 |
Bankruptcies | 1,615 | 3,244 | -50.2 | 132,316,113 | 283,448,354 |
Proposals | 1,902 | 2,855 | -33.4 | 173,944,046 | 199,278,718 |
New Brunswick | 3,389 | 4,896 | -30.8 | 333,526,769 | 575,199,507 |
Bankruptcies | 1,502 | 2,377 | -36.8 | 152,868,343 | 369,391,050 |
Proposals | 1,887 | 2,519 | -25.1 | 180,658,426 | 205,808,457 |
Quebec | 28,282 | 44,991 | -37.1 | 1,861,600,188 | 4,412,841,810 |
Bankruptcies | 12,972 | 21,658 | -40.1 | 502,813,143 | 1,673,045,683 |
Proposals | 15,310 | 23,333 | -34.4 | 1,358,787,045 | 2,739,796,127 |
Ontario | 34,751 | 45,754 | -24.0 | 2,260,416,250 | 4,477,119,311 |
Bankruptcies | 9,749 | 15,229 | -36.0 | 413,459,264 | 2,104,179,832 |
Proposals | 25,002 | 30,525 | -18.1 | 1,846,956,986 | 2,372,939,479 |
Manitoba | 2,562 | 3,185 | -19.6 | 300,037,495 | 406,066,754 |
Bankruptcies | 815 | 1,377 | -40.8 | 68,151,967 | 184,548,706 |
Proposals | 1,747 | 1,808 | -3.4 | 231,885,528 | 221,518,048 |
Saskatchewan | 2,689 | 3,557 | -24.4 | 452,212,308 | 468,288,049 |
Bankruptcies | 918 | 1,381 | -33.5 | 134,938,790 | 187,020,784 |
Proposals | 1,771 | 2,176 | -18.6 | 317,273,518 | 281,267,265 |
Alberta | 13,249 | 16,898 | -21.6 | 2,223,030,489 | 3,313,139,932 |
Bankruptcies | 3,724 | 5,744 | -35.2 | 563,088,011 | 1,530,100,515 |
Proposals | 9,525 | 11,154 | -14.6 | 1,659,942,478 | 1,783,039,417 |
British Columbia | 8,398 | 11,348 | -26.0 | 652,067,594 | 2,428,555,282 |
Bankruptcies | 2,689 | 4,224 | -36.3 | 279,612,594 | 1,420,240,812 |
Proposals | 5,709 | 7,124 | -19.9 | 372,455,000 | 1,008,314,470 |
Northwest Territories | 47 | 68 | -30.9 | 6,968,069 | 7,059,459 |
Bankruptcies | 10 | 10 | 0.0 | 1,458,438 | 1,596,355 |
Proposals | 37 | 58 | -36.2 | 5,509,631 | 5,463,104 |
Yukon | 36 | 33 | 9.1 | 2,243,050 | 3,490,832 |
Bankruptcies | 11 | 13 | -15.4 | 96,580 | 735,237 |
Proposals | 25 | 20 | 25.0 | 2,146,470 | 2,755,595 |
Nunavut | 13 | 8 | 62.5 | 874,761 | 1,833,600 |
Bankruptcies | 1 | 2 | -50.0 | 251,572 | 972,743 |
Proposals | 12 | 6 | 100.0 | 623,189 | 860,857 |
Canada | 99,244 | 140,858 | -29.5 | 8,658,132,469 | 16,915,175,248 |
Bankruptcies | 34,988 | 57,155 | -38.8 | 2,330,716,536 | 7,901,753,298 |
Proposals | 64,256 | 83,703 | -23.2 | 6,327,415,933 | 9,013,421,950 |