Table 2: Insolvencies Filed by Consumers - | Volume | 2020 |
2020 | 2019 | % Change | Assets Declared at the Time of Filing ($) | Liabilities Declared at the Time of Filing ($) |
Newfoundland and Labrador | 1,873 | 3,221 | -41.9 | 232,124,827 | 283,357,349 |
Bankruptcies | 768 | 1,466 | -47.6 | 70,331,055 | 108,204,797 |
Proposals | 1,105 | 1,755 | -37.0 | 161,793,772 | 175,152,552 |
Prince Edward Island | 426 | 749 | -43.1 | 22,452,617 | 35,004,204 |
Bankruptcies | 203 | 386 | -47.4 | 7,012,773 | 17,776,343 |
Proposals | 223 | 363 | -38.6 | 15,439,844 | 17,227,861 |
Nova Scotia | 3,498 | 6,040 | -42.1 | 253,022,790 | 364,089,310 |
Bankruptcies | 1,599 | 3,193 | -49.9 | 79,088,944 | 165,586,906 |
Proposals | 1,899 | 2,847 | -33.3 | 173,933,846 | 198,502,404 |
New Brunswick | 3,365 | 4,851 | -30.6 | 246,416,430 | 340,893,361 |
Bankruptcies | 1,486 | 2,343 | -36.6 | 67,032,206 | 141,324,006 |
Proposals | 1,879 | 2,508 | -25.1 | 179,384,224 | 199,569,355 |
Quebec | 26,683 | 42,865 | -37.8 | 1,731,487,985 | 2,480,653,793 |
Bankruptcies | 11,714 | 20,038 | -41.5 | 416,644,597 | 960,272,889 |
Proposals | 14,969 | 22,827 | -34.4 | 1,314,843,388 | 1,520,380,904 |
Ontario | 33,992 | 44,852 | -24.2 | 2,031,818,742 | 2,978,193,670 |
Bankruptcies | 9,213 | 14,577 | -36.8 | 250,373,497 | 886,864,265 |
Proposals | 24,779 | 30,275 | -18.2 | 1,781,445,245 | 2,091,329,405 |
Manitoba | 2,527 | 3,146 | -19.7 | 286,805,565 | 335,207,816 |
Bankruptcies | 787 | 1,344 | -41.4 | 56,274,973 | 115,477,167 |
Proposals | 1,740 | 1,802 | -3.4 | 230,530,592 | 219,730,649 |
Saskatchewan | 2,640 | 3,453 | -23.5 | 431,320,965 | 433,559,522 |
Bankruptcies | 878 | 1,317 | -33.3 | 115,197,645 | 156,430,732 |
Proposals | 1,762 | 2,136 | -17.5 | 316,123,320 | 277,128,790 |
Alberta | 13,089 | 16,675 | -21.5 | 2,108,987,895 | 2,677,653,544 |
Bankruptcies | 3,602 | 5,589 | -35.6 | 472,572,723 | 969,780,444 |
Proposals | 9,487 | 11,086 | -14.4 | 1,636,415,172 | 1,707,873,100 |
British Columbia | 8,270 | 11,221 | -26.3 | 474,744,883 | 843,491,676 |
Bankruptcies | 2,609 | 4,134 | -36.9 | 107,947,030 | 361,536,366 |
Proposals | 5,661 | 7,087 | -20.1 | 366,797,853 | 481,955,310 |
Northwest Territories | 47 | 66 | -28.8 | 6,968,069 | 7,059,459 |
Bankruptcies | 10 | 9 | 11.1 | 1,458,438 | 1,596,355 |
Proposals | 37 | 57 | -35.1 | 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 | 12 | 6 | 100.0 | 623,189 | 860,857 |
Bankruptcies | 0 | 0 | n/a | 0 | 0 |
Proposals | 12 | 6 | 100.0 | 623,189 | 860,857 |
Canada | 96,458 | 137,178 | -29.7 | 7,829,017,007 | 10,783,515,393 |
Bankruptcies | 32,880 | 54,409 | -39.6 | 1,644,030,461 | 3,885,585,507 |
Proposals | 63,578 | 82,769 | -23.2 | 6,184,986,546 | 6,897,929,886 |