Insolvency Statistics in Canada — 2021 (Table 2)

Table 2: Insolvencies Filed by Consumers
- Volume 2021
2021 2020 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 1,737 1,873 -7.3 199,345,392 245,783,464
Bankruptcies
642 768 -16.4 51,753,076 87,329,339
Proposals
1,095 1,105 -0.9 147,592,316 158,454,125
Prince Edward Island 384 426 -9.9 23,670,137 31,091,767
Bankruptcies
169 203 -16.7 5,649,185 12,331,846
Proposals
215 223 -3.6 18,020,952 18,759,921
Nova Scotia 3,007 3,498 -14.0 177,816,748 258,857,870
Bankruptcies
1,268 1,599 -20.7 41,886,711 94,838,844
Proposals
1,739 1,899 -8.4 135,930,037 164,019,026
New Brunswick 2,985 3,365 -11.3 186,714,098 267,952,114
Bankruptcies
1,241 1,486 -16.5 44,945,648 105,302,667
Proposals
1,744 1,879 -7.2 141,768,450 162,649,447
Quebec 23,667 26,683 -11.3 1,154,036,367 1,965,169,526
Bankruptcies
10,113 11,714 -13.7 242,099,853 780,951,845
Proposals
13,554 14,969 -9.5 911,936,514 1,184,217,681
Ontario 30,327 33,992 -10.8 1,391,974,179 2,184,388,265
Bankruptcies
7,580 9,213 -17.7 166,061,856 680,367,705
Proposals
22,747 24,779 -8.2 1,225,912,323 1,504,020,560
Manitoba 2,507 2,527 -0.8 226,499,786 275,870,451
Bankruptcies
782 787 -0.6 41,939,774 90,514,999
Proposals
1,725 1,740 -0.9 184,560,012 185,355,452
Saskatchewan 2,724 2,640 3.2 385,452,326 399,672,832
Bankruptcies
744 878 -15.3 83,074,936 127,653,847
Proposals
1,980 1,762 12.4 302,377,390 272,018,985
Alberta 13,956 13,089 6.6 1,952,875,378 2,527,430,171
Bankruptcies
2,731 3,602 -24.2 297,872,787 638,937,205
Proposals
11,225 9,487 18.3 1,655,002,591 1,888,492,966
British Columbia 8,699 8,270 5.2 510,234,994 838,657,906
Bankruptcies
2,172 2,609 -16.7 93,087,621 330,883,178
Proposals
6,527 5,661 15.3 417,147,373 507,774,728
Northwest Territories 53 47 12.8 8,071,989 8,258,694
Bankruptcies
9 10 -10.0 1,012,090 1,518,234
Proposals
44 37 18.9 7,059,899 6,740,460
Yukon 34 36 -5.6 1,858,187 2,627,889
Bankruptcies
9 11 -18.2 57,342 509,333
Proposals
25 25 0.0 1,800,845 2,118,556
Nunavut 12 12 0.0 217,072 494,605
Bankruptcies
1 0 -- 79,051 72,186
Proposals
11 12 -8.3 138,021 422,419
Canada 90,092 96,458 -6.6 6,218,766,653 9,006,255,554
Bankruptcies
27,461 32,880 -16.5 1,069,519,930 2,951,211,228
Proposals
62,631 63,578 -1.5 5,149,246,723 6,055,044,326