Tables
Note
Monthly statistics for insolvency volumes tend to vary widely. Quarterly and annual statistics can be more indicative of the evolution of insolvency volumes.
Definitions
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
- Bankruptcy:
- The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
- Proposal:
- An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.
- NAICS:
- North American Industry Classification System.
Table 1: Total Insolvencies | Province | Volume | % Change | 12-Month Period Ending |
| August 2012 | July 2012 | August 2011 | July 2012 to August 2012 | August 2011 to August 2012 | 08-31-2012 | 08-31-2011 | % Change |
| Newfoundland and Labrador | 166 | 140 | 186 | 18.6 | -10.8 | 1,868 | 2,264 | -17.5 |
| Bankruptcies | 155 | 126 | 170 | 23.0 | -8.8 | 1,724 | 2,132 | -19.1 |
| Proposals | 11 | 14 | 16 | -21.4 | -31.3 | 144 | 132 | 9.1 |
| Prince Edward Island | 45 | 61 | 57 | -26.2 | -21.1 | 608 | 660 | -7.9 |
| Bankruptcies | 37 | 45 | 51 | -17.8 | -27.5 | 461 | 579 | -20.4 |
| Proposals | 8 | 16 | 6 | -50.0 | 33.3 | 147 | 81 | 81.5 |
| Nova Scotia | 364 | 354 | 369 | 2.8 | -1.4 | 4,526 | 4,936 | -8.3 |
| Bankruptcies | 255 | 266 | 295 | -4.1 | -13.6 | 3,451 | 3,956 | -12.8 |
| Proposals | 109 | 88 | 74 | 23.9 | 47.3 | 1,075 | 980 | 9.7 |
| New Brunswick | 360 | 312 | 288 | 15.4 | 25.0 | 3,932 | 3,562 | 10.4 |
| Bankruptcies | 266 | 213 | 219 | 24.9 | 21.5 | 3,023 | 2,949 | 2.5 |
| Proposals | 94 | 99 | 69 | -5.1 | 36.2 | 909 | 613 | 48.3 |
| Quebec | 3,090 | 2,787 | 3,161 | 10.9 | -2.2 | 37,964 | 38,566 | -1.6 |
| Bankruptcies | 2,156 | 1,920 | 2,282 | 12.3 | -5.5 | 26,450 | 28,109 | -5.9 |
| Proposals | 934 | 867 | 879 | 7.7 | 6.3 | 11,514 | 10,457 | 10.1 |
| Ontario | 3,967 | 3,816 | 4,214 | 4.0 | -5.9 | 50,511 | 54,209 | -6.8 |
| Bankruptcies | 1,972 | 1,955 | 2,148 | 0.9 | -8.2 | 25,394 | 28,882 | -12.1 |
| Proposals | 1,995 | 1,861 | 2,066 | 7.2 | -3.4 | 25,117 | 25,327 | -0.8 |
| Manitoba | 147 | 144 | 180 | 2.1 | -18.3 | 2,008 | 2,401 | -16.4 |
| Bankruptcies | 103 | 103 | 140 | 0.0 | -26.4 | 1,363 | 1,746 | -21.9 |
| Proposals | 44 | 41 | 40 | 7.3 | 10.0 | 645 | 655 | -1.5 |
| Saskatchewan | 172 | 146 | 173 | 17.8 | -0.6 | 1,990 | 2,310 | -13.9 |
| Bankruptcies | 100 | 89 | 119 | 12.4 | -16.0 | 1,173 | 1,476 | -20.5 |
| Proposals | 72 | 57 | 54 | 26.3 | 33.3 | 817 | 834 | -2.0 |
| Alberta | 753 | 804 | 882 | -6.3 | -14.6 | 9,854 | 10,811 | -8.9 |
| Bankruptcies | 464 | 505 | 621 | -8.1 | -25.3 | 6,433 | 7,842 | -18.0 |
| Proposals | 289 | 299 | 261 | -3.3 | 10.7 | 3,421 | 2,969 | 15.2 |
| British Columbia | 1,008 | 991 | 1,027 | 1.7 | -1.9 | 12,196 | 12,427 | -1.9 |
| Bankruptcies | 627 | 645 | 719 | -2.8 | -12.8 | 7,885 | 9,050 | -12.9 |
| Proposals | 381 | 346 | 308 | 10.1 | 23.7 | 4,311 | 3,377 | 27.7 |
| Northwest Territories | 3 | 4 | 6 | -25.0 | -50.0 | 45 | 48 | -6.3 |
| Bankruptcies | 1 | 2 | 4 | -50.0 | -75.0 | 28 | 31 | -9.7 |
| Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 17 | 17 | 0.0 |
| Yukon | 3 | 4 | 1 | -25.0 | 200.0 | 28 | 49 | -42.9 |
| Bankruptcies | 1 | 2 | 1 | -50.0 | 0.0 | 21 | 43 | -51.2 |
| Proposals | 2 | 2 | 0 | 0.0 | -- | 7 | 6 | 16.7 |
| Nunavut | 0 | 2 | 0 | -100.0 | -- | 3 | 10 | -70.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 1 | 9 | -88.9 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 2 | 1 | 100.0 |
| Canada | 10,078 | 9,565 | 10,544 | 5.4 | -4.4 | 125,533 | 132,253 | -5.1 |
| Bankruptcies | 6,137 | 5,872 | 6,769 | 4.5 | -9.3 | 77,407 | 86,804 | -10.8 |
| Proposals | 3,941 | 3,693 | 3,775 | 6.7 | 4.4 | 48,126 | 45,449 | 5.9 |
Table 2: Insolvencies Filed by Consumers | Province | Volume | % Change | 12-Month Period Ending |
| August 2012 | July 2012 | August 2011 | July 2012 to August 2012 | August 2011 to August 2012 | 08-31-2012 | 08-31-2011 | % Change |
| Newfoundland and Labrador | 165 | 138 | 185 | 19.6 | -10.8 | 1,850 | 2,237 | -17.3 |
| Bankruptcies | 154 | 125 | 169 | 23.2 | -8.9 | 1,709 | 2,107 | -18.9 |
| Proposals | 11 | 13 | 16 | -15.4 | -31.3 | 141 | 130 | 8.5 |
| Prince Edward Island | 44 | 60 | 56 | -26.7 | -21.4 | 585 | 642 | -8.9 |
| Bankruptcies | 36 | 44 | 50 | -18.2 | -28.0 | 442 | 567 | -22.0 |
| Proposals | 8 | 16 | 6 | -50.0 | 33.3 | 143 | 75 | 90.7 |
| Nova Scotia | 357 | 345 | 361 | 3.5 | -1.1 | 4,434 | 4,788 | -7.4 |
| Bankruptcies | 251 | 259 | 290 | -3.1 | -13.4 | 3,374 | 3,830 | -11.9 |
| Proposals | 106 | 86 | 71 | 23.3 | 49.3 | 1,060 | 958 | 10.6 |
| New Brunswick | 354 | 306 | 284 | 15.7 | 24.6 | 3,866 | 3,495 | 10.6 |
| Bankruptcies | 263 | 209 | 216 | 25.8 | 21.8 | 2,972 | 2,900 | 2.5 |
| Proposals | 91 | 97 | 68 | -6.2 | 33.8 | 894 | 595 | 50.3 |
| Quebec | 2,942 | 2,646 | 3,012 | 11.2 | -2.3 | 35,891 | 36,495 | -1.7 |
| Bankruptcies | 2,044 | 1,807 | 2,166 | 13.1 | -5.6 | 24,930 | 26,566 | -6.2 |
| Proposals | 898 | 839 | 846 | 7.0 | 6.1 | 10,961 | 9,929 | 10.4 |
| Ontario | 3,857 | 3,720 | 4,077 | 3.7 | -5.4 | 49,057 | 52,550 | -6.6 |
| Bankruptcies | 1,888 | 1,878 | 2,035 | 0.5 | -7.2 | 24,281 | 27,559 | -11.9 |
| Proposals | 1,969 | 1,842 | 2,042 | 6.9 | -3.6 | 24,776 | 24,991 | -0.9 |
| Manitoba | 145 | 140 | 176 | 3.6 | -17.6 | 1,942 | 2,335 | -16.8 |
| Bankruptcies | 101 | 99 | 136 | 2.0 | -25.7 | 1,311 | 1,693 | -22.6 |
| Proposals | 44 | 41 | 40 | 7.3 | 10.0 | 631 | 642 | -1.7 |
| Saskatchewan | 156 | 137 | 157 | 13.9 | -0.6 | 1,845 | 2,151 | -14.2 |
| Bankruptcies | 90 | 87 | 105 | 3.4 | -14.3 | 1,080 | 1,366 | -20.9 |
| Proposals | 66 | 50 | 52 | 32.0 | 26.9 | 765 | 785 | -2.5 |
| Alberta | 739 | 785 | 854 | -5.9 | -13.5 | 9,521 | 10,446 | -8.9 |
| Bankruptcies | 454 | 489 | 595 | -7.2 | -23.7 | 6,183 | 7,547 | -18.1 |
| Proposals | 285 | 296 | 259 | -3.7 | 10.0 | 3,338 | 2,899 | 15.1 |
| British Columbia | 981 | 963 | 1,009 | 1.9 | -2.8 | 11,928 | 12,190 | -2.1 |
| Bankruptcies | 610 | 624 | 705 | -2.2 | -13.5 | 7,680 | 8,864 | -13.4 |
| Proposals | 371 | 339 | 304 | 9.4 | 22.0 | 4,248 | 3,326 | 27.7 |
| Northwest Territories | 3 | 4 | 6 | -25.0 | -50.0 | 44 | 45 | -2.2 |
| Bankruptcies | 1 | 2 | 4 | -50.0 | -75.0 | 28 | 31 | -9.7 |
| Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 16 | 14 | 14.3 |
| Yukon | 3 | 4 | 1 | -25.0 | 200.0 | 27 | 47 | -42.6 |
| Bankruptcies | 1 | 2 | 1 | -50.0 | 0.0 | 20 | 42 | -52.4 |
| Proposals | 2 | 2 | 0 | 0.0 | -- | 7 | 5 | 40.0 |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 2 | 10 | -80.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 9 | -100.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 2 | 1 | 100.0 |
| Canada | 9,746 | 9,249 | 10,178 | 5.4 | -4.2 | 120,992 | 127,431 | -5.1 |
| Bankruptcies | 5,893 | 5,625 | 6,472 | 4.8 | -8.9 | 74,010 | 83,081 | -10.9 |
| Proposals | 3,853 | 3,624 | 3,706 | 6.3 | 4.0 | 46,982 | 44,350 | 5.9 |
Table 3: Insolvencies Filed by Businesses | Province | Volume | % Change | 12-Month Period Ending |
| August 2012 | July 2012 | August 2011 | July 2012 to August 2012 | August 2011 to August 2012 | 08-31-2012 | 08-31-2011 | % Change |
| Newfoundland and Labrador | 1 | 2 | 1 | -50.0 | 0.0 | 18 | 27 | -33.3 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 15 | 25 | -40.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 3 | 2 | 50.0 |
| Prince Edward Island | 1 | 1 | 1 | 0.0 | 0.0 | 23 | 18 | 27.8 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 19 | 12 | 58.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 6 | -33.3 |
| Nova Scotia | 7 | 9 | 8 | -22.2 | -12.5 | 92 | 148 | -37.8 |
| Bankruptcies | 4 | 7 | 5 | -42.9 | -20.0 | 77 | 126 | -38.9 |
| Proposals | 3 | 2 | 3 | 50.0 | 0.0 | 15 | 22 | -31.8 |
| New Brunswick | 6 | 6 | 4 | 0.0 | 50.0 | 66 | 67 | -1.5 |
| Bankruptcies | 3 | 4 | 3 | -25.0 | 0.0 | 51 | 49 | 4.1 |
| Proposals | 3 | 2 | 1 | 50.0 | 200.0 | 15 | 18 | -16.7 |
| Quebec | 148 | 141 | 149 | 5.0 | -0.7 | 2,073 | 2,071 | 0.1 |
| Bankruptcies | 112 | 113 | 116 | -0.9 | -3.4 | 1,520 | 1,543 | -1.5 |
| Proposals | 36 | 28 | 33 | 28.6 | 9.1 | 553 | 528 | 4.7 |
| Ontario | 110 | 96 | 137 | 14.6 | -19.7 | 1,454 | 1,659 | -12.4 |
| Bankruptcies | 84 | 77 | 113 | 9.1 | -25.7 | 1,113 | 1,323 | -15.9 |
| Proposals | 26 | 19 | 24 | 36.8 | 8.3 | 341 | 336 | 1.5 |
| Manitoba | 2 | 4 | 4 | -50.0 | -50.0 | 66 | 66 | 0.0 |
| Bankruptcies | 2 | 4 | 4 | -50.0 | -50.0 | 52 | 53 | -1.9 |
| Proposals | 0 | 0 | 0 | -- | -- | 14 | 13 | 7.7 |
| Saskatchewan | 16 | 9 | 16 | 77.8 | 0.0 | 145 | 159 | -8.8 |
| Bankruptcies | 10 | 2 | 14 | 400.0 | -28.6 | 93 | 110 | -15.5 |
| Proposals | 6 | 7 | 2 | -14.3 | 200.0 | 52 | 49 | 6.1 |
| Alberta | 14 | 19 | 28 | -26.3 | -50.0 | 333 | 365 | -8.8 |
| Bankruptcies | 10 | 16 | 26 | -37.5 | -61.5 | 250 | 295 | -15.3 |
| Proposals | 4 | 3 | 2 | 33.3 | 100.0 | 83 | 70 | 18.6 |
| British Columbia | 27 | 28 | 18 | -3.6 | 50.0 | 268 | 237 | 13.1 |
| Bankruptcies | 17 | 21 | 14 | -19.0 | 21.4 | 205 | 186 | 10.2 |
| Proposals | 10 | 7 | 4 | 42.9 | 150.0 | 63 | 51 | 23.5 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 1 | 3 | -66.7 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 3 | -66.7 |
| Yukon | 0 | 0 | 0 | -- | -- | 1 | 2 | -50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 332 | 316 | 366 | 5.1 | -9.3 | 4,541 | 4,822 | -5.8 |
| Bankruptcies | 244 | 247 | 297 | -1.2 | -17.8 | 3,397 | 3,723 | -8.8 |
| Proposals | 88 | 69 | 69 | 27.5 | 27.5 | 1,144 | 1,099 | 4.1 |
Table 4: Insolvencies by NAICS Economic Sectors, Canada | Setcor | Volume | % Change | 12-Month Period Ending |
| August 2012 | July 2012 | August 2011 | July 2012 to August 2012 | August 2011 to August 2012 | 08-31-2012 | 08-31-2011 | % Change |
| Agriculture, Forestry, Fishing and Hunting | 12 | 5 | 14 | 140.0 | -14.3 | 124 | 133 | -6.8 |
| Bankruptcies | 8 | 4 | 11 | 100.0 | -27.3 | 95 | 87 | 9.2 |
| Proposals | 4 | 1 | 3 | 300.0 | 33.3 | 29 | 46 | -37.0 |
| Mining and Oil and Gas Extraction | 3 | 6 | 1 | -50.0 | 200.0 | 27 | 35 | -22.9 |
| Bankruptcies | 2 | 6 | 1 | -66.7 | 100.0 | 20 | 24 | -16.7 |
| Proposals | 1 | 0 | 0 | -- | -- | 7 | 11 | -36.4 |
| Utilities | 1 | 4 | 2 | -75.0 | -50.0 | 18 | 13 | 38.5 |
| Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 12 | 9 | 33.3 |
| Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 6 | 4 | 50.0 |
| Construction | 61 | 66 | 53 | -7.6 | 15.1 | 830 | 803 | 3.4 |
| Bankruptcies | 41 | 50 | 46 | -18.0 | -10.9 | 616 | 649 | -5.1 |
| Proposals | 20 | 16 | 7 | 25.0 | 185.7 | 214 | 154 | 39.0 |
| Manufacturing | 32 | 34 | 41 | -5.9 | -22.0 | 479 | 545 | -12.1 |
| Bankruptcies | 17 | 26 | 30 | -34.6 | -43.3 | 340 | 384 | -11.5 |
| Proposals | 15 | 8 | 11 | 87.5 | 36.4 | 139 | 161 | -13.7 |
| Wholesale Trade | 18 | 14 | 22 | 28.6 | -18.2 | 242 | 281 | -13.9 |
| Bankruptcies | 14 | 12 | 19 | 16.7 | -26.3 | 181 | 222 | -18.5 |
| Proposals | 4 | 2 | 3 | 100.0 | 33.3 | 61 | 59 | 3.4 |
| Retail Trade | 50 | 29 | 50 | 72.4 | 0.0 | 613 | 684 | -10.4 |
| Bankruptcies | 43 | 21 | 45 | 104.8 | -4.4 | 461 | 539 | -14.5 |
| Proposals | 7 | 8 | 5 | -12.5 | 40.0 | 152 | 145 | 4.8 |
| Transportation and Warehousing | 15 | 15 | 30 | 0.0 | -50.0 | 248 | 333 | -25.5 |
| Bankruptcies | 11 | 14 | 25 | -21.4 | -56.0 | 194 | 276 | -29.7 |
| Proposals | 4 | 1 | 5 | 300.0 | -20.0 | 54 | 57 | -5.3 |
| Information and Cultural Industries | 2 | 5 | 5 | -60.0 | -60.0 | 63 | 80 | -21.3 |
| Bankruptcies | 1 | 3 | 1 | -66.7 | 0.0 | 53 | 49 | 8.2 |
| Proposals | 1 | 2 | 4 | -50.0 | -75.0 | 10 | 31 | -67.7 |
| Finance and Insurance | 5 | 7 | 11 | -28.6 | -54.5 | 81 | 116 | -30.2 |
| Bankruptcies | 3 | 7 | 8 | -57.1 | -62.5 | 63 | 89 | -29.2 |
| Proposals | 2 | 0 | 3 | -- | -33.3 | 18 | 27 | -33.3 |
| Real Estate and Rental and Leasing | 7 | 9 | 12 | -22.2 | -41.7 | 110 | 155 | -29.0 |
| Bankruptcies | 6 | 7 | 8 | -14.3 | -25.0 | 75 | 122 | -38.5 |
| Proposals | 1 | 2 | 4 | -50.0 | -75.0 | 35 | 33 | 6.1 |
| Professional, Scientific and Technical Services | 18 | 21 | 15 | -14.3 | 20.0 | 298 | 274 | 8.8 |
| Bankruptcies | 12 | 14 | 12 | -14.3 | 0.0 | 209 | 193 | 8.3 |
| Proposals | 6 | 7 | 3 | -14.3 | 100.0 | 89 | 81 | 9.9 |
| Management of Companies and Enterprises | 3 | 5 | 6 | -40.0 | -50.0 | 58 | 49 | 18.4 |
| Bankruptcies | 3 | 5 | 5 | -40.0 | -40.0 | 48 | 41 | 17.1 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 10 | 8 | 25.0 |
| Administrative and Support, Waste Management and Remediation Services | 11 | 15 | 18 | -26.7 | -38.9 | 234 | 196 | 19.4 |
| Bankruptcies | 8 | 10 | 16 | -20.0 | -50.0 | 168 | 163 | 3.1 |
| Proposals | 3 | 5 | 2 | -40.0 | 50.0 | 66 | 33 | 100.0 |
| Educational Services | 0 | 4 | 3 | -100.0 | -100.0 | 32 | 37 | -13.5 |
| Bankruptcies | 0 | 4 | 3 | -100.0 | -100.0 | 27 | 26 | 3.8 |
| Proposals | 0 | 0 | 0 | -- | -- | 5 | 11 | -54.5 |
| Health Care and Social Assistance | 7 | 6 | 4 | 16.7 | 75.0 | 61 | 77 | -20.8 |
| Bankruptcies | 6 | 4 | 3 | 50.0 | 100.0 | 46 | 56 | -17.9 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 15 | 21 | -28.6 |
| Arts, Entertainment and Recreation | 3 | 6 | 6 | -50.0 | -50.0 | 76 | 89 | -14.6 |
| Bankruptcies | 3 | 4 | 4 | -25.0 | -25.0 | 65 | 78 | -16.7 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 11 | 11 | 0.0 |
| Accommodation and Food Services | 55 | 42 | 48 | 31.0 | 14.6 | 673 | 612 | 10.0 |
| Bankruptcies | 40 | 36 | 40 | 11.1 | 0.0 | 491 | 470 | 4.5 |
| Proposals | 15 | 6 | 8 | 150.0 | 87.5 | 182 | 142 | 28.2 |
| Other Services (except Public Administration) | 29 | 23 | 24 | 26.1 | 20.8 | 269 | 305 | -11.8 |
| Bankruptcies | 26 | 19 | 18 | 36.8 | 44.4 | 230 | 243 | -5.3 |
| Proposals | 3 | 4 | 6 | -25.0 | -50.0 | 39 | 62 | -37.1 |
| Public Administration | 0 | 0 | 1 | -- | -100.0 | 5 | 4 | 25.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 3 | 2 | 50.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
| Total | 332 | 316 | 366 | 5.1 | -9.3 | 4,541 | 4,822 | -5.8 |
| Bankruptcies | 244 | 247 | 297 | -1.2 | -17.8 | 3,397 | 3,723 | -8.8 |
| Proposals | 88 | 69 | 69 | 27.5 | 27.5 | 1,144 | 1,099 | 4.1 |
