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Insolvency Statistics in Canada - October 2011
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Archived
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
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 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.
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Oct. 2011 | Sept. 2011 | Oct. 2010 | Sept. 2011 to Oct. 2011 | Oct. 2010 to Oct. 2011 | 10-31-2011 | 10-31-2010 | % Change | |
| Newfoundland and Labrador | 179 | 163 | 215 | 9.8 | -16.7 | 2,229 | 2,493 | -10.6 |
| Bankruptcies | 173 | 156 | 208 | 10.9 | -16.8 | 2,102 | 2,354 | -10.7 |
| Proposals | 6 | 7 | 7 | -14.3 | -14.3 | 127 | 139 | -8.6 |
| Prince Edward Island | 55 | 50 | 53 | 10.0 | 3.8 | 657 | 605 | 8.6 |
| Bankruptcies | 44 | 36 | 46 | 22.2 | -4.3 | 567 | 529 | 7.2 |
| Proposals | 11 | 14 | 7 | -21.4 | 57.1 | 90 | 76 | 18.4 |
| Nova Scotia | 363 | 419 | 445 | -13.4 | -18.4 | 4,817 | 5,275 | -8.7 |
| Bankruptcies | 278 | 314 | 357 | -11.5 | -22.1 | 3,824 | 4,321 | -11.5 |
| Proposals | 85 | 105 | 88 | -19.0 | -3.4 | 993 | 954 | 4.1 |
| New Brunswick | 346 | 313 | 257 | 10.5 | 34.6 | 3,624 | 3,761 | -3.6 |
| Bankruptcies | 266 | 254 | 212 | 4.7 | 25.5 | 2,966 | 3,135 | -5.4 |
| Proposals | 80 | 59 | 45 | 35.6 | 77.8 | 658 | 626 | 5.1 |
| Quebec | 3,150 | 3,198 | 3,393 | -1.5 | -7.2 | 38,169 | 39,891 | -4.3 |
| Bankruptcies | 2,278 | 2,321 | 2,629 | -1.9 | -13.4 | 27,629 | 29,743 | -7.1 |
| Proposals | 872 | 877 | 764 | -0.6 | 14.1 | 10,540 | 10,148 | 3.9 |
| Ontario | 4,147 | 4,371 | 4,918 | -5.1 | -15.7 | 52,900 | 59,675 | -11.4 |
| Bankruptcies | 2,129 | 2,275 | 2,785 | -6.4 | -23.6 | 27,604 | 36,076 | -23.5 |
| Proposals | 2,018 | 2,096 | 2,133 | -3.7 | -5.4 | 25,296 | 23,599 | 7.2 |
| Manitoba | 202 | 187 | 222 | 8.0 | -9.0 | 2,350 | 2,769 | -15.1 |
| Bankruptcies | 138 | 122 | 164 | 13.1 | -15.9 | 1,683 | 2,088 | -19.4 |
| Proposals | 64 | 65 | 58 | -1.5 | 10.3 | 667 | 681 | -2.1 |
| Saskatchewan | 174 | 188 | 192 | -7.4 | -9.4 | 2,281 | 2,489 | -8.4 |
| Bankruptcies | 103 | 116 | 119 | -11.2 | -13.4 | 1,428 | 1,656 | -13.8 |
| Proposals | 71 | 72 | 73 | -1.4 | -2.7 | 853 | 833 | 2.4 |
| Alberta | 836 | 799 | 968 | 4.6 | -13.6 | 10,491 | 11,414 | -8.1 |
| Bankruptcies | 545 | 548 | 724 | -0.5 | -24.7 | 7,445 | 8,663 | -14.1 |
| Proposals | 291 | 251 | 244 | 15.9 | 19.3 | 3,046 | 2,751 | 10.7 |
| British Columbia | 915 | 1,018 | 1,142 | -10.1 | -19.9 | 12,118 | 12,854 | -5.7 |
| Bankruptcies | 604 | 663 | 884 | -8.9 | -31.7 | 8,599 | 9,842 | -12.6 |
| Proposals | 311 | 355 | 258 | -12.4 | 20.5 | 3,519 | 3,012 | 16.8 |
| Northwest Territories | 1 | 3 | 5 | -66.7 | -80.0 | 43 | 43 | 0.0 |
| Bankruptcies | 1 | 2 | 5 | -50.0 | -80.0 | 28 | 31 | -9.7 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 15 | 12 | 25.0 |
| Yukon | 1 | 3 | 1 | -66.7 | 0.0 | 46 | 38 | 21.1 |
| Bankruptcies | 1 | 3 | 1 | -66.7 | 0.0 | 40 | 29 | 37.9 |
| Proposals | 0 | 0 | 0 | -- | -- | 6 | 9 | -33.3 |
| Nunavut | 0 | 0 | 2 | -- | -100.0 | 8 | 4 | 100.0 |
| Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 7 | 3 | 133.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| CanadaFootnote 1 | 10,369 | 10,712 | 11,813 | -3.2 | -12.2 | 129,733 | 141,311 | -8.2 |
| BankruptciesFootnote 1 | 6,560 | 6,810 | 8,136 | -3.7 | -19.4 | 83,922 | 98,470 | -14.8 |
| ProposalsFootnote 1 | 3,809 | 3,902 | 3,677 | -2.4 | 3.6 | 45,811 | 42,841 | 6.9 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| October 2011 | September 2011 | October 2010 | September 2011 to October 2011 | October 2010 to October 2011 | 10-31-2011 | 10-31-2010 | % Change | |
| Newfoundland and Labrador | 175 | 160 | 214 | 9.4 | -18.2 | 2,196 | 2,474 | -11.2 |
| Bankruptcies | 171 | 153 | 207 | 11.8 | -17.4 | 2,073 | 2,335 | -11.2 |
| Proposals | 4 | 7 | 7 | -42.9 | -42.9 | 123 | 139 | -11.5 |
| Prince Edward Island | 51 | 48 | 46 | 6.3 | 10.9 | 640 | 581 | 10.2 |
| Bankruptcies | 40 | 34 | 42 | 17.6 | -4.8 | 553 | 510 | 8.4 |
| Proposals | 11 | 14 | 4 | -21.4 | 175.0 | 87 | 71 | 22.5 |
| Nova Scotia | 355 | 414 | 432 | -14.3 | -17.8 | 4,686 | 5,105 | -8.2 |
| Bankruptcies | 271 | 309 | 345 | -12.3 | -21.4 | 3,712 | 4,182 | -11.2 |
| Proposals | 84 | 105 | 87 | -20.0 | -3.4 | 974 | 923 | 5.5 |
| New Brunswick | 345 | 301 | 247 | 14.6 | 39.7 | 3,561 | 3,669 | -2.9 |
| Bankruptcies | 265 | 244 | 204 | 8.6 | 29.9 | 2,919 | 3,059 | -4.6 |
| Proposals | 80 | 57 | 43 | 40.4 | 86.0 | 642 | 610 | 5.2 |
| Quebec | 2,964 | 3,014 | 3,245 | -1.7 | -8.7 | 36,036 | 37,767 | -4.6 |
| Bankruptcies | 2,140 | 2,198 | 2,513 | -2.6 | -14.8 | 26,038 | 28,228 | -7.8 |
| Proposals | 824 | 816 | 732 | 1.0 | 12.6 | 9,998 | 9,539 | 4.8 |
| Ontario | 4,028 | 4,249 | 4,790 | -5.2 | -15.9 | 51,273 | 57,754 | -11.2 |
| Bankruptcies | 2,045 | 2,176 | 2,685 | -6.0 | -23.8 | 26,312 | 34,486 | -23.7 |
| Proposals | 1,983 | 2,073 | 2,105 | -4.3 | -5.8 | 24,961 | 23,268 | 7.3 |
| Manitoba | 192 | 181 | 214 | 6.1 | -10.3 | 2,284 | 2,684 | -14.9 |
| Bankruptcies | 129 | 116 | 157 | 11.2 | -17.8 | 1,628 | 2,019 | -19.4 |
| Proposals | 63 | 65 | 57 | -3.1 | 10.5 | 656 | 665 | -1.4 |
| Saskatchewan | 165 | 171 | 181 | -3.5 | -8.8 | 2,121 | 2,331 | -9.0 |
| Bankruptcies | 97 | 105 | 111 | -7.6 | -12.6 | 1,320 | 1,553 | -15.0 |
| Proposals | 68 | 66 | 70 | 3.0 | -2.9 | 801 | 778 | 3.0 |
| Alberta | 798 | 767 | 936 | 4.0 | -14.7 | 10,128 | 10,949 | -7.5 |
| Bankruptcies | 515 | 525 | 700 | -1.9 | -26.4 | 7,155 | 8,284 | -13.6 |
| Proposals | 283 | 242 | 236 | 16.9 | 19.9 | 2,973 | 2,665 | 11.6 |
| British Columbia | 893 | 996 | 1,129 | -10.3 | -20.9 | 11,868 | 12,567 | -5.6 |
| Bankruptcies | 584 | 645 | 872 | -9.5 | -33.0 | 8,400 | 9,609 | -12.6 |
| Proposals | 309 | 351 | 257 | -12.0 | 20.2 | 3,468 | 2,958 | 17.2 |
| Northwest Territories | 1 | 3 | 5 | -66.7 | -80.0 | 41 | 42 | -2.4 |
| Bankruptcies | 1 | 2 | 5 | -50.0 | -80.0 | 28 | 31 | -9.7 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 13 | 11 | 18.2 |
| Yukon | 1 | 3 | 1 | -66.7 | 0.0 | 44 | 35 | 25.7 |
| Bankruptcies | 1 | 3 | 1 | -66.7 | 0.0 | 39 | 29 | 34.5 |
| Proposals | 0 | 0 | 0 | -- | -- | 5 | 6 | -16.7 |
| Nunavut | 0 | 0 | 2 | -- | -100.0 | 8 | 4 | 100.0 |
| Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 7 | 3 | 133.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Canada | 9,968 | 10,307 | 11,442 | -3.3 | -12.9 | 124,886 | 135,962 | -8.1 |
| Bankruptcies | 6,259 | 6,510 | 7,844 | -3.9 | -20.2 | 80,184 | 94,328 | -15.0 |
| Proposals | 3,709 | 3,797 | 3,598 | -2.3 | 3.1 | 44,702 | 41,634 | 7.4 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| October 2011 | September 2011 | October 2010 | September 2011 to October 2011 | October 2010 to October 2011 | 10-31-2011 | 10-31-2010 | % Change | |
| Newfoundland and Labrador | 4 | 3 | 1 | 33.3 | 300.0 | 33 | 19 | 73.7 |
| Bankruptcies | 2 | 3 | 1 | -33.3 | 100.0 | 29 | 19 | 52.6 |
| Proposals | 2 | 0 | 0 | -- | -- | 4 | 0 | -- |
| Prince Edward Island | 4 | 2 | 7 | 100.0 | -42.9 | 17 | 24 | -29.2 |
| Bankruptcies | 4 | 2 | 4 | 100.0 | 0.0 | 14 | 19 | -26.3 |
| Proposals | 0 | 0 | 3 | -- | -100.0 | 3 | 5 | -40.0 |
| Nova Scotia | 8 | 5 | 13 | 60.0 | -38.5 | 131 | 170 | -22.9 |
| Bankruptcies | 7 | 5 | 12 | 40.0 | -41.7 | 112 | 139 | -19.4 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 19 | 31 | -38.7 |
| New Brunswick | 1 | 12 | 10 | -91.7 | -90.0 | 63 | 92 | -31.5 |
| Bankruptcies | 1 | 10 | 8 | -90.0 | -87.5 | 47 | 76 | -38.2 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 16 | 16 | 0.0 |
| Quebec | 186 | 184 | 148 | 1.1 | 25.7 | 2,133 | 2,124 | 0.4 |
| Bankruptcies | 138 | 123 | 116 | 12.2 | 19.0 | 1,591 | 1,515 | 5.0 |
| Proposals | 48 | 61 | 32 | -21.3 | 50.0 | 542 | 609 | -11.0 |
| Ontario | 119 | 122 | 128 | -2.5 | -7.0 | 1,627 | 1,921 | -15.3 |
| Bankruptcies | 84 | 99 | 100 | -15.2 | -16.0 | 1,292 | 1,590 | -18.7 |
| Proposals | 35 | 23 | 28 | 52.2 | 25.0 | 335 | 331 | 1.2 |
| Manitoba | 10 | 6 | 8 | 66.7 | 25.0 | 66 | 85 | -22.4 |
| Bankruptcies | 9 | 6 | 7 | 50.0 | 28.6 | 55 | 69 | -20.3 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 11 | 16 | -31.3 |
| Saskatchewan | 9 | 17 | 11 | -47.1 | -18.2 | 160 | 158 | 1.3 |
| Bankruptcies | 6 | 11 | 8 | -45.5 | -25.0 | 108 | 103 | 4.9 |
| Proposals | 3 | 6 | 3 | -50.0 | 0.0 | 52 | 55 | -5.5 |
| Alberta | 38 | 32 | 32 | 18.8 | 18.8 | 363 | 465 | -21.9 |
| Bankruptcies | 30 | 23 | 24 | 30.4 | 25.0 | 290 | 379 | -23.5 |
| Proposals | 8 | 9 | 8 | -11.1 | 0.0 | 73 | 86 | -15.1 |
| British Columbia | 22 | 22 | 13 | 0.0 | 69.2 | 250 | 287 | -12.9 |
| Bankruptcies | 20 | 18 | 12 | 11.1 | 66.7 | 199 | 233 | -14.6 |
| Proposals | 2 | 4 | 1 | -50.0 | 100.0 | 51 | 54 | -5.6 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
| Yukon | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 3 | -66.7 |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| CanadaFootnote 1 | 401 | 405 | 371 | -1.0 | 8.1 | 4,847 | 5,349 | -9.4 |
| BankruptciesFootnote 1 | 301 | 300 | 292 | 0.3 | 3.1 | 3,738 | 4,142 | -9.8 |
| ProposalsFootnote 1 | 100 | 105 | 79 | -4.8 | 26.6 | 1,109 | 1,207 | -8.1 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| October 2011 | September 2011 | October 2010 | September 2011 to October 2011 | October 2010 to October 2011 | 10-31-2011 | 10-31-2010 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 7 | 15 | 14 | -53.3 | -50.0 | 135 | 159 | -15.1 |
| Bankruptcies | 7 | 11 | 8 | -36.4 | -12.5 | 93 | 116 | -19.8 |
| Proposals | 0 | 4 | 6 | -100.0 | -100.0 | 42 | 43 | -2.3 |
| Mining and Oil and Gas Extraction | 3 | 3 | 4 | 0.0 | -25.0 | 31 | 65 | -52.3 |
| Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 22 | 42 | -47.6 |
| Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 9 | 23 | -60.9 |
| Utilities | 1 | 0 | 0 | -- | -- | 12 | 13 | -7.7 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 8 | 13 | -38.5 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 0 | -- |
| Construction | 74 | 72 | 59 | 2.8 | 25.4 | 826 | 867 | -4.7 |
| Bankruptcies | 55 | 53 | 50 | 3.8 | 10.0 | 654 | 686 | -4.7 |
| Proposals | 19 | 19 | 9 | 0.0 | 111.1 | 172 | 181 | -5.0 |
| Manufacturing | 66 | 34 | 45 | 94.1 | 46.7 | 545 | 581 | -6.2 |
| Bankruptcies | 49 | 23 | 30 | 113.0 | 63.3 | 385 | 450 | -14.4 |
| Proposals | 17 | 11 | 15 | 54.5 | 13.3 | 160 | 131 | 22.1 |
| Wholesale Trade | 19 | 16 | 19 | 18.8 | 0.0 | 273 | 295 | -7.5 |
| Bankruptcies | 15 | 12 | 17 | 25.0 | -11.8 | 212 | 231 | -8.2 |
| Proposals | 4 | 4 | 2 | 0.0 | 100.0 | 61 | 64 | -4.7 |
| Retail Trade | 56 | 58 | 65 | -3.4 | -13.8 | 658 | 769 | -14.4 |
| Bankruptcies | 46 | 46 | 54 | 0.0 | -14.8 | 527 | 626 | -15.8 |
| Proposals | 10 | 12 | 11 | -16.7 | -9.1 | 131 | 143 | -8.4 |
| Transportation and Warehousing | 13 | 28 | 27 | -53.6 | -51.9 | 319 | 428 | -25.5 |
| Bankruptcies | 9 | 22 | 19 | -59.1 | -52.6 | 264 | 348 | -24.1 |
| Proposals | 4 | 6 | 8 | -33.3 | -50.0 | 55 | 80 | -31.3 |
| Information and Cultural Industries | 6 | 7 | 3 | -14.3 | 100.0 | 85 | 86 | -1.2 |
| Bankruptcies | 5 | 4 | 2 | 25.0 | 150.0 | 55 | 58 | -5.2 |
| Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 30 | 28 | 7.1 |
| Finance and Insurance | 6 | 7 | 12 | -14.3 | -50.0 | 109 | 105 | 3.8 |
| Bankruptcies | 3 | 4 | 10 | -25.0 | -70.0 | 81 | 87 | -6.9 |
| Proposals | 3 | 3 | 2 | 0.0 | 50.0 | 28 | 18 | 55.6 |
| Real Estate and Rental and Leasing | 11 | 5 | 14 | 120.0 | -21.4 | 151 | 187 | -19.3 |
| Bankruptcies | 8 | 5 | 12 | 60.0 | -33.3 | 119 | 128 | -7.0 |
| Proposals | 3 | 0 | 2 | -- | 50.0 | 32 | 59 | -45.8 |
| Professional, Scientific and Technical Services | 28 | 26 | 13 | 7.7 | 115.4 | 294 | 345 | -14.8 |
| Bankruptcies | 22 | 16 | 6 | 37.5 | 266.7 | 211 | 247 | -14.6 |
| Proposals | 6 | 10 | 7 | -40.0 | -14.3 | 83 | 98 | -15.3 |
| Management of Companies and Enterprises | 4 | 5 | 2 | -20.0 | 100.0 | 55 | 70 | -21.4 |
| Bankruptcies | 4 | 3 | 2 | 33.3 | 100.0 | 46 | 48 | -4.2 |
| Proposals | 0 | 2 | 0 | -100.0 | -- | 9 | 22 | -59.1 |
| Administrative and Support, Waste Management and Remediation Services | 21 | 30 | 17 | -30.0 | 23.5 | 214 | 218 | -1.8 |
| Bankruptcies | 18 | 22 | 15 | -18.2 | 20.0 | 177 | 164 | 7.9 |
| Proposals | 3 | 8 | 2 | -62.5 | 50.0 | 37 | 54 | -31.5 |
| Educational Services | 3 | 2 | 1 | 50.0 | 200.0 | 35 | 39 | -10.3 |
| Bankruptcies | 3 | 1 | 1 | 200.0 | 200.0 | 25 | 30 | -16.7 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 10 | 9 | 11.1 |
| Health Care and Social Assistance | 5 | 7 | 3 | -28.6 | 66.7 | 81 | 66 | 22.7 |
| Bankruptcies | 2 | 7 | 2 | -71.4 | 0.0 | 60 | 49 | 22.4 |
| Proposals | 3 | 0 | 1 | -- | 200.0 | 21 | 17 | 23.5 |
| Arts, Entertainment and Recreation | 4 | 10 | 2 | -60.0 | 100.0 | 91 | 101 | -9.9 |
| Bankruptcies | 3 | 8 | 2 | -62.5 | 50.0 | 78 | 81 | -3.7 |
| Proposals | 1 | 2 | 0 | -50.0 | -- | 13 | 20 | -35.0 |
| Accommodation and Food Services | 57 | 59 | 41 | -3.4 | 39.0 | 637 | 653 | -2.5 |
| Bankruptcies | 37 | 45 | 32 | -17.8 | 15.6 | 490 | 484 | 1.2 |
| Proposals | 20 | 14 | 9 | 42.9 | 122.2 | 147 | 169 | -13.0 |
| Other Services (except Public Administration) | 17 | 20 | 30 | -15.0 | -43.3 | 290 | 294 | -1.4 |
| Bankruptcies | 13 | 17 | 28 | -23.5 | -53.6 | 228 | 248 | -8.1 |
| Proposals | 4 | 3 | 2 | 33.3 | 100.0 | 62 | 46 | 34.8 |
| Public Administration | 0 | 1 | 0 | -100.0 | -- | 5 | 8 | -37.5 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 6 | -66.7 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 3 | 2 | 50.0 |
| TotalFootnote 1 | 401 | 405 | 371 | -1.0 | 8.1 | 4,847 | 5,349 | -9.4 |
| BankruptciesFootnote 1 | 301 | 300 | 292 | 0.3 | 3.1 | 3,738 | 4,142 | -9.8 |
| ProposalsFootnote 1 | 100 | 105 | 79 | -4.8 | 26.6 | 1,109 | 1,207 | -8.1 |