Insolvency Statistics in Canada — 2020 (Table 2)

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