Insolvency Statistics in Canada—October 2013

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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
Volume% Change12-Month Period Ending
Oct. 2013Sept. 2013Oct. 2012Sept. 2013
to
Oct. 2013
Oct. 2012
to
Oct. 2013
10-31-201310-31-2012% Change
Newfoundland and Labrador14312318116.3-21.01,6961,829-7.3
Bankruptcies1261151729.6-26.71,5431,680-8.2
Proposals1789112.588.91531492.7
Prince Edward Island 51 47 73 8.5 -30.1 619 621 -0.3
Bankruptcies 35 28 57 25.0 -38.6 458 470 -2.6
Proposals 16 19 16 -15.8 0.0 161 151 6.6
Nova Scotia4634503942.917.54,7394,4526.4
Bankruptcies3333062928.814.03,3343,393-1.7
Proposals130144102-9.727.51,4051,05932.7
New Brunswick 387 330 326 17.3 18.7 3,966 3,908 1.5
Bankruptcies 269 217 223 24.0 20.6 2,903 2,965 -2.1
Proposals 118 113 103 4.4 14.6 1,063 943 12.7
Quebec4,0103,4993,70014.68.441,57638,2758.6
Bankruptcies2,5142,2532,44611.62.826,81526,3081.9
Proposals1,4961,2461,25420.119.314,76111,96723.3
Ontario 4,075 3,722 4,257 9.5 -4.3 45,967 50,028 -8.1
Bankruptcies 2,071 1,801 2,160 15.0 -4.1 22,984 25,069 -8.3
Proposals 2,004 1,921 2,097 4.3 -4.4 22,983 24,959 -7.9
Manitoba1531511571.3-2.51,8841,949-3.3
Bankruptcies1031001033.00.01,2531,330-5.8
Proposals505154-2.0-7.46316191.9
Saskatchewan 155 163 138 -4.9 12.3 1,769 1,913 -7.5
Bankruptcies 95 105 77 -9.5 23.4 1,083 1,120 -3.3
Proposals 60 58 61 3.4 -1.6 686 793 -13.5
Alberta7316898416.1-13.18,6479,746-11.3
Bankruptcies3983885072.6-21.54,9946,289-20.6
Proposals33330133410.6-0.33,6533,4575.7
British Columbia 1,109 952 1,010 16.5 9.8 11,993 12,149 -1.3
Bankruptcies 683 591 649 15.6 5.2 7,344 7,855 -6.5
Proposals 426 361 361 18.0 18.0 4,649 4,294 8.3
Northwest Territories8311166.7-27.34854-11.1
Bankruptcies416300.0-33.32931-6.5
Proposals425100.0-20.01923-17.4
Yukon 2 0 8 -- -75.0 29 37 -21.6
Bankruptcies 1 0 4 -- -75.0 21 23 -8.7
Proposals 1 0 4 -- -75.0 8 14 -42.9
Nunavut101--0.0440.0
Bankruptcies000----21100.0
Proposals101--0.023-33.3
Canada11,28810,12911,09711.41.7122,937124,965-1.6
Bankruptcies6,6325,9056,69612.3-1.072,76376,534-4.9
Proposals4,6564,2244,40110.25.850,17448,4313.6
Table 2: Insolvencies Filed by Consumers
Volume% Change12-Month Period Ending
Oct. 2013Sept. 2013Oct. 2012Sept. 2013
to
Oct. 2013
Oct. 2012
to
Oct. 2013
10-31-201310-31-2012% Change
Newfoundland and Labrador14112317914.6-21.21,6671,811-8.0
Bankruptcies1241151707.8-27.11,5251,666-8.5
Proposals1789112.588.9142145-2.1
Prince Edward Island 49 43 73 14.0 -32.9 599 603 -0.7
Bankruptcies 33 24 57 37.5 -42.1 442 456 -3.1
Proposals 16 19 16 -15.8 0.0 157 147 6.8
Nova Scotia4524433802.018.94,6244,3536.2
Bankruptcies3263002808.716.43,2463,311-2.0
Proposals126143100-11.926.01,3781,04232.2
New Brunswick 383 325 316 17.8 21.2 3,900 3,840 1.6
Bankruptcies 266 213 215 24.9 23.7 2,852 2,915 -2.2
Proposals 117 112 101 4.5 15.8 1,048 925 13.3
Quebec3,8113,3223,55314.77.339,42036,2358.8
Bankruptcies2,3632,1272,34711.10.725,22524,8141.7
Proposals1,4481,1951,20621.220.114,19511,42124.3
Ontario 3,968 3,630 4,148 9.3 -4.3 44,728 48,600 -8.0
Bankruptcies 1,989 1,727 2,075 15.2 -4.1 22,011 23,975 -8.2
Proposals 1,979 1,903 2,073 4.0 -4.5 22,717 24,625 -7.7
Manitoba1461461510.0-3.31,8191,891-3.8
Bankruptcies9895993.2-1.01,1981,287-6.9
Proposals485152-5.9-7.76216042.8
Saskatchewan 150 156 128 -3.8 17.2 1,661 1,776 -6.5
Bankruptcies 91 101 72 -9.9 26.4 1,016 1,035 -1.8
Proposals 59 55 56 7.3 5.4 645 741 -13.0
Alberta7116738165.6-12.98,4379,434-10.6
Bankruptcies3833754892.1-21.74,8486,053-19.9
Proposals32829832710.10.33,5893,3816.2
British Columbia 1,089 932 990 16.8 10.0 11,731 11,891 -1.3
Bankruptcies 672 573 641 17.3 4.8 7,153 7,669 -6.7
Proposals 417 359 349 16.2 19.5 4,578 4,222 8.4
Northwest Territories8311166.7-27.34853-9.4
Bankruptcies416300.0-33.32931-6.5
Proposals425100.0-20.01922-13.6
Yukon 2 0 8 -- -75.0 27 36 -25.0
Bankruptcies 1 0 4 -- -75.0 19 22 -13.6
Proposals 1 0 4 -- -75.0 8 14 -42.9
Nunavut101--0.04333.3
Bankruptcies000----20--
Proposals101--0.023-33.3
Canada10,9119,79610,75411.41.5118,665120,526-1.5
Bankruptcies6,3505,6516,45512.4-1.669,56673,234-5.0
Proposals4,5614,1454,29910.06.149,09947,2923.8
Table 3: Insolvencies Filed by Businesses
Volume% Change12-Month Period Ending
Oct. 2013Sept. 2013Oct. 2012Sept. 2013
to
Oct. 2013
Oct. 2012
to
Oct. 2013
10-31-201310-31-2012% Change
Newfoundland and Labrador202--0.0291861.1
Bankruptcies202--0.0181428.6
Proposals000----114175.0
Prince Edward Island 2 4 0 -50.0 -- 20 18 11.1
Bankruptcies 2 4 0 -50.0 -- 16 14 14.3
Proposals 0 0 0 -- -- 4 4 0.0
Nova Scotia1171457.1-21.41159916.2
Bankruptcies761216.7-41.788827.3
Proposals412300.0100.0271758.8
New Brunswick 4 5 10 -20.0 -60.0 66 68 -2.9
Bankruptcies 3 4 8 -25.0 -62.5 51 50 2.0
Proposals 1 1 2 0.0 -50.0 15 18 -16.7
Quebec19917714712.435.42,1562,0405.7
Bankruptcies1511269919.852.51,5901,4946.4
Proposals485148-5.90.05665463.7
Ontario 107 92 109 16.3 -1.8 1,239 1,428 -13.2
Bankruptcies 82 74 85 10.8 -3.5 973 1,094 -11.1
Proposals 25 18 24 38.9 4.2 266 334 -20.4
Manitoba75640.016.7655812.1
Bankruptcies5540.025.0554327.9
Proposals202--0.01015-33.3
Saskatchewan 5 7 10 -28.6 -50.0 108 137 -21.2
Bankruptcies 4 4 5 0.0 -20.0 67 85 -21.2
Proposals 1 3 5 -66.7 -80.0 41 52 -21.2
Alberta20162525.0-20.0210312-32.7
Bankruptcies15131815.4-16.7146236-38.1
Proposals53766.7-28.66476-15.8
British Columbia 20 20 20 0.0 0.0 262 258 1.6
Bankruptcies 11 18 8 -38.9 37.5 191 186 2.7
Proposals 9 2 12 350.0 -25.0 71 72 -1.4
Northwest Territories000----01-100.0
Bankruptcies000----00--
Proposals000----01-100.0
Yukon 0 0 0 -- -- 2 1 100.0
Bankruptcies 0 0 0 -- -- 2 1 100.0
Proposals 0 0 0 -- -- 0 0 --
Nunavut000----01-100.0
Bankruptcies000----01-100.0
Proposals000----00--
Canada37733334313.29.94,2724,439-3.8
Bankruptcies28225424111.017.03,1973,300-3.1
Proposals957910220.3-6.91,0751,139-5.6
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Volume% Change12-Month Period Ending
Oct. 2013Sept. 2013Oct. 2012Sept. 2013
to
Oct. 2013
Oct. 2012
to
Oct. 2013
10-31-201310-31-2012% Change
Agriculture, Forestry, Fishing and Hunting10147-28.642.91231184.2
Bankruptcies7106-30.016.78588-3.4
Proposals341-25.0200.0383026.7
Mining and Oil and Gas Extraction 3 1 1 200.0 200.0 36 27 33.3
Bankruptcies 2 1 0 100.0 -- 20 22 -9.1
Proposals 1 0 1 -- 0.0 16 5 220.0
Utilities1120.0-50.01019-47.4
Bankruptcies002---100.0313-76.9
Proposals1100.0--7616.7
Construction 57 62 71 -8.1 -19.7 753 809 -6.9
Bankruptcies 43 44 49 -2.3 -12.2 562 599 -6.2
Proposals 14 18 22 -22.2 -36.4 191 210 -9.0
Manufacturing42374313.5-2.3424457-7.2
Bankruptcies32272918.510.3301322-6.5
Proposals1010140.0-28.6123135-8.9
Wholesale Trade 26 12 16 116.7 62.5 232 241 -3.7
Bankruptcies 19 7 8 171.4 137.5 170 175 -2.9
Proposals 7 5 8 40.0 -12.5 62 66 -6.1
Retail Trade4544432.34.7516598-13.7
Bankruptcies3735305.723.3411441-6.8
Proposals8913-11.1-38.5105157-33.1
Transportation and Warehousing 14 29 33 -51.7 -57.6 249 260 -4.2
Bankruptcies 12 24 26 -50.0 -53.8 200 206 -2.9
Proposals 2 5 7 -60.0 -71.4 49 54 -9.3
Information and Cultural Industries1140.0-75.05460-10.0
Bankruptcies103---66.74851-5.9
Proposals011-100.0-100.069-33.3
Finance and Insurance 7 9 4 -22.2 75.0 82 77 6.5
Bankruptcies 4 8 4 -50.0 0.0 69 63 9.5
Proposals 3 1 0 200.0 -- 13 14 -7.1
Real Estate and Rental and Leasing2245450.0340.014011027.3
Bankruptcies14141,300.0250.01057245.8
Proposals831166.7700.03538-7.9
Professional, Scientific and Technical Services 29 27 17 7.4 70.6 310 281 10.3
Bankruptcies 23 20 12 15.0 91.7 228 199 14.6
Proposals 6 7 5 -14.3 20.0 82 82 0.0
Management of Companies and Enterprises379-57.1-66.767653.1
Bankruptcies246-50.0-66.74654-14.8
Proposals133-66.7-66.7211190.9
Administrative and Support, Waste Management and Remediation Services 16 13 14 23.1 14.3 202 216 -6.5
Bankruptcies 10 9 11 11.1 -9.1 149 154 -3.2
Proposals 6 4 3 50.0 100.0 53 62 -14.5
Educational Services523150.066.7373215.6
Bankruptcies422100.0100.028273.7
Proposals101--0.09580.0
Health Care and Social Assistance 6 8 2 -25.0 200.0 56 57 -1.8
Bankruptcies 3 6 2 -50.0 50.0 43 44 -2.3
Proposals 3 2 0 50.0 -- 13 13 0.0
Arts, Entertainment and Recreation488-50.0-50.0877614.5
Bankruptcies465-33.3-20.0746317.5
Proposals023-100.0-100.013130.0
Accommodation and Food Services 55 40 37 37.5 48.6 636 658 -3.3
Bankruptcies 38 37 26 2.7 46.2 457 474 -3.6
Proposals 17 3 11 466.7 54.5 179 184 -2.7
Other Services (except Public Administration)311424121.429.2258274-5.8
Bankruptcies271316107.768.8198230-13.9
Proposals418300.0-50.0604436.4
Public Administration 0 0 0 -- -- 0 4 -100.0
Bankruptcies 0 0 0 -- -- 0 3 -100.0
Proposals 0 0 0 -- -- 0 1 -100.0
Total37733334313.29.94,2724,439-3.8
Bankruptcies28225424111.017.03,1973,300-3.1
Proposals957910220.3-6.91,0751,139-5.6