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Insolvency Statistics in Canada - October 2013
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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 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.
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Oct. 2013 | Sept. 2013 | Oct. 2012 | Sept. 2013 to Oct. 2013 | Oct. 2012 to Oct. 2013 | 10-31-2013 | 10-31-2012 | % Change | |
Newfoundland and Labrador | 143 | 123 | 181 | 16.3 | -21.0 | 1,696 | 1,829 | -7.3 |
Bankruptcies | 126 | 115 | 172 | 9.6 | -26.7 | 1,543 | 1,680 | -8.2 |
Proposals | 17 | 8 | 9 | 112.5 | 88.9 | 153 | 149 | 2.7 |
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 Scotia | 463 | 450 | 394 | 2.9 | 17.5 | 4,739 | 4,452 | 6.4 |
Bankruptcies | 333 | 306 | 292 | 8.8 | 14.0 | 3,334 | 3,393 | -1.7 |
Proposals | 130 | 144 | 102 | -9.7 | 27.5 | 1,405 | 1,059 | 32.7 |
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 |
Quebec | 4,010 | 3,499 | 3,700 | 14.6 | 8.4 | 41,576 | 38,275 | 8.6 |
Bankruptcies | 2,514 | 2,253 | 2,446 | 11.6 | 2.8 | 26,815 | 26,308 | 1.9 |
Proposals | 1,496 | 1,246 | 1,254 | 20.1 | 19.3 | 14,761 | 11,967 | 23.3 |
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 |
Manitoba | 153 | 151 | 157 | 1.3 | -2.5 | 1,884 | 1,949 | -3.3 |
Bankruptcies | 103 | 100 | 103 | 3.0 | 0.0 | 1,253 | 1,330 | -5.8 |
Proposals | 50 | 51 | 54 | -2.0 | -7.4 | 631 | 619 | 1.9 |
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 |
Alberta | 731 | 689 | 841 | 6.1 | -13.1 | 8,647 | 9,746 | -11.3 |
Bankruptcies | 398 | 388 | 507 | 2.6 | -21.5 | 4,994 | 6,289 | -20.6 |
Proposals | 333 | 301 | 334 | 10.6 | -0.3 | 3,653 | 3,457 | 5.7 |
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 Territories | 8 | 3 | 11 | 166.7 | -27.3 | 48 | 54 | -11.1 |
Bankruptcies | 4 | 1 | 6 | 300.0 | -33.3 | 29 | 31 | -6.5 |
Proposals | 4 | 2 | 5 | 100.0 | -20.0 | 19 | 23 | -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 |
Nunavut | 1 | 0 | 1 | -- | 0.0 | 4 | 4 | 0.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 2 | 3 | -33.3 |
Canada | 11,288 | 10,129 | 11,097 | 11.4 | 1.7 | 122,937 | 124,965 | -1.6 |
Bankruptcies | 6,632 | 5,905 | 6,696 | 12.3 | -1.0 | 72,763 | 76,534 | -4.9 |
Proposals | 4,656 | 4,224 | 4,401 | 10.2 | 5.8 | 50,174 | 48,431 | 3.6 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Oct. 2013 | Sept. 2013 | Oct. 2012 | Sept. 2013 to Oct. 2013 | Oct. 2012 to Oct. 2013 | 10-31-2013 | 10-31-2012 | % Change | |
Newfoundland and Labrador | 141 | 123 | 179 | 14.6 | -21.2 | 1,667 | 1,811 | -8.0 |
Bankruptcies | 124 | 115 | 170 | 7.8 | -27.1 | 1,525 | 1,666 | -8.5 |
Proposals | 17 | 8 | 9 | 112.5 | 88.9 | 142 | 145 | -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 Scotia | 452 | 443 | 380 | 2.0 | 18.9 | 4,624 | 4,353 | 6.2 |
Bankruptcies | 326 | 300 | 280 | 8.7 | 16.4 | 3,246 | 3,311 | -2.0 |
Proposals | 126 | 143 | 100 | -11.9 | 26.0 | 1,378 | 1,042 | 32.2 |
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 |
Quebec | 3,811 | 3,322 | 3,553 | 14.7 | 7.3 | 39,420 | 36,235 | 8.8 |
Bankruptcies | 2,363 | 2,127 | 2,347 | 11.1 | 0.7 | 25,225 | 24,814 | 1.7 |
Proposals | 1,448 | 1,195 | 1,206 | 21.2 | 20.1 | 14,195 | 11,421 | 24.3 |
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 |
Manitoba | 146 | 146 | 151 | 0.0 | -3.3 | 1,819 | 1,891 | -3.8 |
Bankruptcies | 98 | 95 | 99 | 3.2 | -1.0 | 1,198 | 1,287 | -6.9 |
Proposals | 48 | 51 | 52 | -5.9 | -7.7 | 621 | 604 | 2.8 |
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 |
Alberta | 711 | 673 | 816 | 5.6 | -12.9 | 8,437 | 9,434 | -10.6 |
Bankruptcies | 383 | 375 | 489 | 2.1 | -21.7 | 4,848 | 6,053 | -19.9 |
Proposals | 328 | 298 | 327 | 10.1 | 0.3 | 3,589 | 3,381 | 6.2 |
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 Territories | 8 | 3 | 11 | 166.7 | -27.3 | 48 | 53 | -9.4 |
Bankruptcies | 4 | 1 | 6 | 300.0 | -33.3 | 29 | 31 | -6.5 |
Proposals | 4 | 2 | 5 | 100.0 | -20.0 | 19 | 22 | -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 |
Nunavut | 1 | 0 | 1 | -- | 0.0 | 4 | 3 | 33.3 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 0 | -- |
Proposals | 1 | 0 | 1 | -- | 0.0 | 2 | 3 | -33.3 |
Canada | 10,911 | 9,796 | 10,754 | 11.4 | 1.5 | 118,665 | 120,526 | -1.5 |
Bankruptcies | 6,350 | 5,651 | 6,455 | 12.4 | -1.6 | 69,566 | 73,234 | -5.0 |
Proposals | 4,561 | 4,145 | 4,299 | 10.0 | 6.1 | 49,099 | 47,292 | 3.8 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Oct. 2013 | Sept. 2013 | Oct. 2012 | Sept. 2013 to Oct. 2013 | Oct. 2012 to Oct. 2013 | 10-31-2013 | 10-31-2012 | % Change | |
Newfoundland and Labrador | 2 | 0 | 2 | -- | 0.0 | 29 | 18 | 61.1 |
Bankruptcies | 2 | 0 | 2 | -- | 0.0 | 18 | 14 | 28.6 |
Proposals | 0 | 0 | 0 | -- | -- | 11 | 4 | 175.0 |
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 Scotia | 11 | 7 | 14 | 57.1 | -21.4 | 115 | 99 | 16.2 |
Bankruptcies | 7 | 6 | 12 | 16.7 | -41.7 | 88 | 82 | 7.3 |
Proposals | 4 | 1 | 2 | 300.0 | 100.0 | 27 | 17 | 58.8 |
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 |
Quebec | 199 | 177 | 147 | 12.4 | 35.4 | 2,156 | 2,040 | 5.7 |
Bankruptcies | 151 | 126 | 99 | 19.8 | 52.5 | 1,590 | 1,494 | 6.4 |
Proposals | 48 | 51 | 48 | -5.9 | 0.0 | 566 | 546 | 3.7 |
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 |
Manitoba | 7 | 5 | 6 | 40.0 | 16.7 | 65 | 58 | 12.1 |
Bankruptcies | 5 | 5 | 4 | 0.0 | 25.0 | 55 | 43 | 27.9 |
Proposals | 2 | 0 | 2 | -- | 0.0 | 10 | 15 | -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 |
Alberta | 20 | 16 | 25 | 25.0 | -20.0 | 210 | 312 | -32.7 |
Bankruptcies | 15 | 13 | 18 | 15.4 | -16.7 | 146 | 236 | -38.1 |
Proposals | 5 | 3 | 7 | 66.7 | -28.6 | 64 | 76 | -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 Territories | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Yukon | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Nunavut | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 377 | 333 | 343 | 13.2 | 9.9 | 4,272 | 4,439 | -3.8 |
Bankruptcies | 282 | 254 | 241 | 11.0 | 17.0 | 3,197 | 3,300 | -3.1 |
Proposals | 95 | 79 | 102 | 20.3 | -6.9 | 1,075 | 1,139 | -5.6 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Oct. 2013 | Sept. 2013 | Oct. 2012 | Sept. 2013 to Oct. 2013 | Oct. 2012 to Oct. 2013 | 10-31-2013 | 10-31-2012 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 10 | 14 | 7 | -28.6 | 42.9 | 123 | 118 | 4.2 |
Bankruptcies | 7 | 10 | 6 | -30.0 | 16.7 | 85 | 88 | -3.4 |
Proposals | 3 | 4 | 1 | -25.0 | 200.0 | 38 | 30 | 26.7 |
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 |
Utilities | 1 | 1 | 2 | 0.0 | -50.0 | 10 | 19 | -47.4 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 3 | 13 | -76.9 |
Proposals | 1 | 1 | 0 | 0.0 | -- | 7 | 6 | 16.7 |
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 |
Manufacturing | 42 | 37 | 43 | 13.5 | -2.3 | 424 | 457 | -7.2 |
Bankruptcies | 32 | 27 | 29 | 18.5 | 10.3 | 301 | 322 | -6.5 |
Proposals | 10 | 10 | 14 | 0.0 | -28.6 | 123 | 135 | -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 Trade | 45 | 44 | 43 | 2.3 | 4.7 | 516 | 598 | -13.7 |
Bankruptcies | 37 | 35 | 30 | 5.7 | 23.3 | 411 | 441 | -6.8 |
Proposals | 8 | 9 | 13 | -11.1 | -38.5 | 105 | 157 | -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 Industries | 1 | 1 | 4 | 0.0 | -75.0 | 54 | 60 | -10.0 |
Bankruptcies | 1 | 0 | 3 | -- | -66.7 | 48 | 51 | -5.9 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 6 | 9 | -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 Leasing | 22 | 4 | 5 | 450.0 | 340.0 | 140 | 110 | 27.3 |
Bankruptcies | 14 | 1 | 4 | 1,300.0 | 250.0 | 105 | 72 | 45.8 |
Proposals | 8 | 3 | 1 | 166.7 | 700.0 | 35 | 38 | -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 Enterprises | 3 | 7 | 9 | -57.1 | -66.7 | 67 | 65 | 3.1 |
Bankruptcies | 2 | 4 | 6 | -50.0 | -66.7 | 46 | 54 | -14.8 |
Proposals | 1 | 3 | 3 | -66.7 | -66.7 | 21 | 11 | 90.9 |
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 Services | 5 | 2 | 3 | 150.0 | 66.7 | 37 | 32 | 15.6 |
Bankruptcies | 4 | 2 | 2 | 100.0 | 100.0 | 28 | 27 | 3.7 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 9 | 5 | 80.0 |
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 Recreation | 4 | 8 | 8 | -50.0 | -50.0 | 87 | 76 | 14.5 |
Bankruptcies | 4 | 6 | 5 | -33.3 | -20.0 | 74 | 63 | 17.5 |
Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 13 | 13 | 0.0 |
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) | 31 | 14 | 24 | 121.4 | 29.2 | 258 | 274 | -5.8 |
Bankruptcies | 27 | 13 | 16 | 107.7 | 68.8 | 198 | 230 | -13.9 |
Proposals | 4 | 1 | 8 | 300.0 | -50.0 | 60 | 44 | 36.4 |
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 |
Total | 377 | 333 | 343 | 13.2 | 9.9 | 4,272 | 4,439 | -3.8 |
Bankruptcies | 282 | 254 | 241 | 11.0 | 17.0 | 3,197 | 3,300 | -3.1 |
Proposals | 95 | 79 | 102 | 20.3 | -6.9 | 1,075 | 1,139 | -5.6 |