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Insolvency Statistics in Canada - September 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.
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Sept. 2013 | Aug. 2013 | Sept. 2012 | Aug. 2013 to Sept. 2013 | Sept. 2012 to Sept. 2013 | 09-30-2013 | 09-30-2012 | % Change | |
Newfoundland and Labrador | 123 | 135 | 122 | −8.9 | 0.8 | 1,734 | 1,827 | −5.1 |
Bankruptcies | 115 | 113 | 113 | 1.8 | 1.8 | 1,589 | 1,681 | −5.5 |
Proposals | 8 | 22 | 9 | −63.6 | −11.1 | 145 | 146 | −0.7 |
Prince Edward Island | 47 | 68 | 45 | −30.9 | 4.4 | 641 | 603 | 6.3 |
Bankruptcies | 28 | 46 | 32 | −39.1 | −12.5 | 480 | 457 | 5.0 |
Proposals | 19 | 22 | 13 | −13.6 | 46.2 | 161 | 146 | 10.3 |
Nova Scotia | 450 | 433 | 314 | 3.9 | 43.3 | 4,670 | 4,421 | 5.6 |
Bankruptcies | 306 | 294 | 242 | 4.1 | 26.4 | 3,293 | 3,379 | −2.5 |
Proposals | 144 | 139 | 72 | 3.6 | 100.0 | 1,377 | 1,042 | 32.1 |
New Brunswick | 330 | 378 | 309 | −12.7 | 6.8 | 3,905 | 3,928 | −0.6 |
Bankruptcies | 217 | 269 | 239 | −19.3 | −9.2 | 2,857 | 3,008 | −5.0 |
Proposals | 113 | 109 | 70 | 3.7 | 61.4 | 1,048 | 920 | 13.9 |
Quebec | 3,499 | 3,408 | 2,959 | 2.7 | 18.2 | 41,266 | 37,725 | 9.4 |
Bankruptcies | 2,253 | 2,215 | 2,011 | 1.7 | 12.0 | 26,747 | 26,140 | 2.3 |
Proposals | 1,246 | 1,193 | 948 | 4.4 | 31.4 | 14,519 | 11,585 | 25.3 |
Ontario | 3,722 | 3,628 | 3,778 | 2.6 | −1.5 | 46,149 | 49,918 | −7.6 |
Bankruptcies | 1,801 | 1,846 | 1,919 | −2.4 | −6.1 | 23,073 | 25,038 | −7.8 |
Proposals | 1,921 | 1,782 | 1,859 | 7.8 | 3.3 | 23,076 | 24,880 | −7.3 |
Manitoba | 151 | 176 | 173 | −14.2 | −12.7 | 1,888 | 1,994 | −5.3 |
Bankruptcies | 100 | 109 | 124 | −8.3 | −19.4 | 1,253 | 1,365 | −8.2 |
Proposals | 51 | 67 | 49 | −23.9 | 4.1 | 635 | 629 | 1.0 |
Saskatchewan | 163 | 160 | 147 | 1.9 | 10.9 | 1,752 | 1,949 | −10.1 |
Bankruptcies | 105 | 98 | 89 | 7.1 | 18.0 | 1,065 | 1,146 | −7.1 |
Proposals | 58 | 62 | 58 | −6.5 | 0.0 | 687 | 803 | −14.4 |
Alberta | 689 | 650 | 686 | 6.0 | 0.4 | 8,757 | 9,741 | −10.1 |
Bankruptcies | 388 | 386 | 442 | 0.5 | −12.2 | 5,103 | 6,327 | −19.3 |
Proposals | 301 | 264 | 244 | 14.0 | 23.4 | 3,654 | 3,414 | 7.0 |
British Columbia | 952 | 929 | 876 | 2.5 | 8.7 | 11,894 | 12,054 | −1.3 |
Bankruptcies | 591 | 530 | 588 | 11.5 | 0.5 | 7,310 | 7,810 | −6.4 |
Proposals | 361 | 399 | 288 | −9.5 | 25.3 | 4,584 | 4,244 | 8.0 |
Northwest Territories | 3 | 2 | 2 | 50.0 | 50.0 | 51 | 44 | 15.9 |
Bankruptcies | 1 | 2 | 0 | −50.0 | -- | 31 | 26 | 19.2 |
Proposals | 2 | 0 | 2 | -- | 0.0 | 20 | 18 | 11.1 |
Yukon | 0 | 2 | 5 | −100.0 | −100.0 | 35 | 30 | 16.7 |
Bankruptcies | 0 | 1 | 2 | −100.0 | −100.0 | 24 | 20 | 20.0 |
Proposals | 0 | 1 | 3 | −100.0 | −100.0 | 11 | 10 | 10.0 |
Nunavut | 0 | 1 | 0 | −100.0 | -- | 4 | 3 | 33.3 |
Bankruptcies | 0 | 1 | 0 | −100.0 | -- | 2 | 1 | 100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Canada | 10,129 | 9,970 | 9,416 | 1.6 | 7.6 | 122,746 | 124,237 | −1.2 |
Bankruptcies | 5,905 | 5,910 | 5,801 | −0.1 | 1.8 | 72,827 | 76,398 | −4.7 |
Proposals | 4,224 | 4,060 | 3,615 | 4.0 | 16.8 | 49,919 | 47,839 | 4.3 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Sept. 2013 | Aug. 2013 | Sept. 2012 | Aug. 2013 to Sept. 2013 | Sept. 2012 to Sept. 2013 | 09-30-2013 | 09-30-2012 | % Change | |
Newfoundland and Labrador | 123 | 125 | 117 | -1.6 | 5.1 | 1,705 | 1,807 | -5.6 |
Bankruptcies | 115 | 109 | 111 | 5.5 | 3.6 | 1,571 | 1,667 | -5.8 |
Proposals | 8 | 16 | 6 | -50.0 | 33.3 | 134 | 140 | -4.3 |
Prince Edward Island | 43 | 64 | 44 | -32.8 | -2.3 | 623 | 581 | 7.2 |
Bankruptcies | 24 | 44 | 31 | -45.5 | -22.6 | 466 | 439 | 6.2 |
Proposals | 19 | 20 | 13 | -5.0 | 46.2 | 157 | 142 | 10.6 |
Nova Scotia | 443 | 419 | 308 | 5.7 | 43.8 | 4,552 | 4,328 | 5.2 |
Bankruptcies | 300 | 283 | 237 | 6.0 | 26.6 | 3,200 | 3,302 | -3.1 |
Proposals | 143 | 136 | 71 | 5.1 | 101.4 | 1,352 | 1,026 | 31.8 |
New Brunswick | 325 | 370 | 304 | -12.2 | 6.9 | 3,833 | 3,869 | -0.9 |
Bankruptcies | 213 | 265 | 237 | -19.6 | -10.1 | 2,801 | 2,965 | -5.5 |
Proposals | 112 | 105 | 67 | 6.7 | 67.2 | 1,032 | 904 | 14.2 |
Quebec | 3,322 | 3,254 | 2,769 | 2.1 | 20.0 | 39,162 | 35,646 | 9.9 |
Bankruptcies | 2,127 | 2,097 | 1,875 | 1.4 | 13.4 | 25,209 | 24,607 | 2.4 |
Proposals | 1,195 | 1,157 | 894 | 3.3 | 33.7 | 13,953 | 11,039 | 26.4 |
Ontario | 3,630 | 3,532 | 3,672 | 2.8 | -1.1 | 44,908 | 48,480 | -7.4 |
Bankruptcies | 1,727 | 1,761 | 1,840 | -1.9 | -6.1 | 22,097 | 23,945 | -7.7 |
Proposals | 1,903 | 1,771 | 1,832 | 7.5 | 3.9 | 22,811 | 24,535 | -7.0 |
Manitoba | 146 | 166 | 171 | -12.0 | -14.6 | 1,824 | 1,932 | -5.6 |
Bankruptcies | 95 | 99 | 122 | -4.0 | -22.1 | 1,199 | 1,317 | -9.0 |
Proposals | 51 | 67 | 49 | -23.9 | 4.1 | 625 | 615 | 1.6 |
Saskatchewan | 156 | 153 | 139 | 2.0 | 12.2 | 1,639 | 1,813 | -9.6 |
Bankruptcies | 101 | 94 | 85 | 7.4 | 18.8 | 997 | 1,060 | -5.9 |
Proposals | 55 | 59 | 54 | -6.8 | 1.9 | 642 | 753 | -14.7 |
Alberta | 673 | 637 | 662 | 5.7 | 1.7 | 8,542 | 9,416 | -9.3 |
Bankruptcies | 375 | 379 | 421 | -1.1 | -10.9 | 4,954 | 6,079 | -18.5 |
Proposals | 298 | 258 | 241 | 15.5 | 23.7 | 3,588 | 3,337 | 7.5 |
British Columbia | 932 | 911 | 862 | 2.3 | 8.1 | 11,632 | 11,794 | -1.4 |
Bankruptcies | 573 | 519 | 577 | 10.4 | -0.7 | 7,122 | 7,612 | -6.4 |
Proposals | 359 | 392 | 285 | -8.4 | 26.0 | 4,510 | 4,182 | 7.8 |
Northwest Territories | 3 | 2 | 2 | 50.0 | 50.0 | 51 | 43 | 18.6 |
Bankruptcies | 1 | 2 | 0 | -50.0 | -- | 31 | 26 | 19.2 |
Proposals | 2 | 0 | 2 | -- | 0.0 | 20 | 17 | 17.6 |
Yukon | 0 | 2 | 5 | -100.0 | -100.0 | 33 | 29 | 13.8 |
Bankruptcies | 0 | 1 | 2 | -100.0 | -100.0 | 22 | 19 | 15.8 |
Proposals | 0 | 1 | 3 | -100.0 | -100.0 | 11 | 10 | 10.0 |
Nunavut | 0 | 1 | 0 | -100.0 | -- | 4 | 2 | 100.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 2 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Canada | 9,796 | 9,636 | 9,055 | 1.7 | 8.2 | 118,508 | 119,740 | -1.0 |
Bankruptcies | 5,651 | 5,654 | 5,538 | -0.1 | 2.0 | 69,671 | 73,038 | -4.6 |
Proposals | 4,145 | 3,982 | 3,517 | 4.1 | 17.9 | 48,837 | 46,702 | 4.6 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Sept. 2013 | Aug. 2013 | Sept. 2012 | Aug. 2013 to Sept. 2013 | Sept. 2012 to Sept. 2013 | 09-30-2013 | 09-30-2012 | % Change | |
Newfoundland and Labrador | 0 | 10 | 5 | −100.0 | −100.0 | 29 | 20 | 45.0 |
Bankruptcies | 0 | 4 | 2 | −100.0 | −100.0 | 18 | 14 | 28.6 |
Proposals | 0 | 6 | 3 | −100.0 | −100.0 | 11 | 6 | 83.3 |
Prince Edward Island | 4 | 4 | 1 | 0.0 | 300.0 | 18 | 22 | −18.2 |
Bankruptcies | 4 | 2 | 1 | 100.0 | 300.0 | 14 | 18 | −22.2 |
Proposals | 0 | 2 | 0 | −100.0 | -- | 4 | 4 | 0.0 |
Nova Scotia | 7 | 14 | 6 | −50.0 | 16.7 | 118 | 93 | 26.9 |
Bankruptcies | 6 | 11 | 5 | −45.5 | 20.0 | 93 | 77 | 20.8 |
Proposals | 1 | 3 | 1 | −66.7 | 0.0 | 25 | 16 | 56.3 |
New Brunswick | 5 | 8 | 5 | −37.5 | 0.0 | 72 | 59 | 22.0 |
Bankruptcies | 4 | 4 | 2 | 0.0 | 100.0 | 56 | 43 | 30.2 |
Proposals | 1 | 4 | 3 | −75.0 | −66.7 | 16 | 16 | 0.0 |
Quebec | 177 | 154 | 190 | 14.9 | −6.8 | 2,104 | 2,079 | 1.2 |
Bankruptcies | 126 | 118 | 136 | 6.8 | −7.4 | 1,538 | 1,533 | 0.3 |
Proposals | 51 | 36 | 54 | 41.7 | −5.6 | 566 | 546 | 3.7 |
Ontario | 92 | 96 | 106 | −4.2 | −13.2 | 1,241 | 1,438 | −13.7 |
Bankruptcies | 74 | 85 | 79 | −12.9 | −6.3 | 976 | 1,093 | −10.7 |
Proposals | 18 | 11 | 27 | 63.6 | −33.3 | 265 | 345 | −23.2 |
Manitoba | 5 | 10 | 2 | −50.0 | 150.0 | 64 | 62 | 3.2 |
Bankruptcies | 5 | 10 | 2 | −50.0 | 150.0 | 54 | 48 | 12.5 |
Proposals | 0 | 0 | 0 | -- | -- | 10 | 14 | −28.6 |
Saskatchewan | 7 | 7 | 8 | 0.0 | −12.5 | 113 | 136 | −16.9 |
Bankruptcies | 4 | 4 | 4 | 0.0 | 0.0 | 68 | 86 | −20.9 |
Proposals | 3 | 3 | 4 | 0.0 | −25.0 | 45 | 50 | −10.0 |
Alberta | 16 | 13 | 24 | 23.1 | −33.3 | 215 | 325 | −33.8 |
Bankruptcies | 13 | 7 | 21 | 85.7 | −38.1 | 149 | 248 | −39.9 |
Proposals | 3 | 6 | 3 | −50.0 | 0.0 | 66 | 77 | −14.3 |
British Columbia | 20 | 18 | 14 | 11.1 | 42.9 | 262 | 260 | 0.8 |
Bankruptcies | 18 | 11 | 11 | 63.6 | 63.6 | 188 | 198 | −5.1 |
Proposals | 2 | 7 | 3 | −71.4 | −33.3 | 74 | 62 | 19.4 |
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 | 333 | 334 | 361 | −0.3 | −7.8 | 4,238 | 4,497 | −5.8 |
Bankruptcies | 254 | 256 | 263 | −0.8 | −3.4 | 3,156 | 3,360 | −6.1 |
Proposals | 79 | 78 | 98 | 1.3 | −19.4 | 1,082 | 1,137 | −4.8 |
Sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Sept. 2013 | Aug. 2013 | Sept. 2012 | Aug. 2013 to Sept. 2013 | Sept. 2012 to Sept. 2013 | 09-30-2013 | 09-30-2012 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 14 | 23 | 9 | −39.1 | 55.6 | 120 | 118 | 1.7 |
Bankruptcies | 10 | 12 | 5 | −16.7 | 100.0 | 84 | 89 | −5.6 |
Proposals | 4 | 11 | 4 | −63.6 | 0.0 | 36 | 29 | 24.1 |
Mining and Oil and Gas Extraction | 1 | 2 | 5 | −50.0 | −80.0 | 34 | 29 | 17.2 |
Bankruptcies | 1 | 0 | 4 | -- | −75.0 | 18 | 23 | −21.7 |
Proposals | 0 | 2 | 1 | −100.0 | −100.0 | 16 | 6 | 166.7 |
Utilities | 1 | 0 | 0 | -- | -- | 11 | 18 | −38.9 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 5 | 12 | −58.3 |
Proposals | 1 | 0 | 0 | -- | -- | 6 | 6 | 0.0 |
Construction | 62 | 65 | 54 | −4.6 | 14.8 | 767 | 812 | −5.5 |
Bankruptcies | 44 | 50 | 42 | −12.0 | 4.8 | 568 | 605 | −6.1 |
Proposals | 18 | 15 | 12 | 20.0 | 50.0 | 199 | 207 | −3.9 |
Manufacturing | 37 | 35 | 35 | 5.7 | 5.7 | 425 | 480 | −11.5 |
Bankruptcies | 27 | 24 | 25 | 12.5 | 8.0 | 298 | 342 | −12.9 |
Proposals | 10 | 11 | 10 | −9.1 | 0.0 | 127 | 138 | −8.0 |
Wholesale Trade | 12 | 20 | 18 | −40.0 | −33.3 | 222 | 244 | −9.0 |
Bankruptcies | 7 | 18 | 13 | −61.1 | −46.2 | 159 | 182 | −12.6 |
Proposals | 5 | 2 | 5 | 150.0 | 0.0 | 63 | 62 | 1.6 |
Retail Trade | 44 | 35 | 56 | 25.7 | −21.4 | 514 | 611 | −15.9 |
Bankruptcies | 35 | 33 | 42 | 6.1 | −16.7 | 404 | 457 | −11.6 |
Proposals | 9 | 2 | 14 | 350.0 | −35.7 | 110 | 154 | −28.6 |
Transportation and Warehousing | 29 | 16 | 20 | 81.3 | 45.0 | 268 | 240 | 11.7 |
Bankruptcies | 24 | 13 | 17 | 84.6 | 41.2 | 214 | 189 | 13.2 |
Proposals | 5 | 3 | 3 | 66.7 | 66.7 | 54 | 51 | 5.9 |
Information and Cultural Industries | 1 | 0 | 6 | -- | −83.3 | 57 | 62 | −8.1 |
Bankruptcies | 0 | 0 | 4 | -- | −100.0 | 50 | 53 | −5.7 |
Proposals | 1 | 0 | 2 | -- | −50.0 | 7 | 9 | −22.2 |
Finance and Insurance | 9 | 6 | 5 | 50.0 | 80.0 | 79 | 79 | 0.0 |
Bankruptcies | 8 | 6 | 3 | 33.3 | 166.7 | 69 | 62 | 11.3 |
Proposals | 1 | 0 | 2 | -- | −50.0 | 10 | 17 | −41.2 |
Real Estate and Rental and Leasing | 4 | 7 | 11 | −42.9 | −63.6 | 123 | 116 | 6.0 |
Bankruptcies | 1 | 6 | 6 | −83.3 | −83.3 | 95 | 76 | 25.0 |
Proposals | 3 | 1 | 5 | 200.0 | −40.0 | 28 | 40 | −30.0 |
Professional, Scientific and Technical Services | 27 | 19 | 20 | 42.1 | 35.0 | 298 | 292 | 2.1 |
Bankruptcies | 20 | 10 | 16 | 100.0 | 25.0 | 217 | 209 | 3.8 |
Proposals | 7 | 9 | 4 | −22.2 | 75.0 | 81 | 83 | −2.4 |
Management of Companies and Enterprises | 7 | 10 | 7 | −30.0 | 0.0 | 73 | 60 | 21.7 |
Bankruptcies | 4 | 8 | 7 | −50.0 | −42.9 | 50 | 52 | −3.8 |
Proposals | 3 | 2 | 0 | 50.0 | -- | 23 | 8 | 187.5 |
Administrative and Support, Waste Management and Remediation Services | 13 | 18 | 19 | −27.8 | −31.6 | 200 | 223 | −10.3 |
Bankruptcies | 9 | 13 | 15 | −30.8 | −40.0 | 150 | 161 | −6.8 |
Proposals | 4 | 5 | 4 | −20.0 | 0.0 | 50 | 62 | −19.4 |
Educational Services | 2 | 3 | 2 | −33.3 | 0.0 | 35 | 32 | 9.4 |
Bankruptcies | 2 | 3 | 2 | −33.3 | 0.0 | 26 | 28 | −7.1 |
Proposals | 0 | 0 | 0 | -- | -- | 9 | 4 | 125.0 |
Health Care and Social Assistance | 8 | 2 | 6 | 300.0 | 33.3 | 52 | 60 | −13.3 |
Bankruptcies | 6 | 2 | 5 | 200.0 | 20.0 | 42 | 44 | −4.5 |
Proposals | 2 | 0 | 1 | -- | 100.0 | 10 | 16 | −37.5 |
Arts, Entertainment and Recreation | 8 | 6 | 6 | 33.3 | 33.3 | 91 | 72 | 26.4 |
Bankruptcies | 6 | 6 | 4 | 0.0 | 50.0 | 75 | 61 | 23.0 |
Proposals | 2 | 0 | 2 | -- | 0.0 | 16 | 11 | 45.5 |
Accommodation and Food Services | 40 | 44 | 64 | −9.1 | −37.5 | 618 | 678 | −8.8 |
Bankruptcies | 37 | 32 | 39 | 15.6 | −5.1 | 445 | 485 | −8.2 |
Proposals | 3 | 12 | 25 | −75.0 | −88.0 | 173 | 193 | −10.4 |
Other Services (except Public Administration) | 14 | 23 | 18 | −39.1 | −22.2 | 251 | 267 | −6.0 |
Bankruptcies | 13 | 20 | 14 | −35.0 | −7.1 | 187 | 227 | −17.6 |
Proposals | 1 | 3 | 4 | −66.7 | −75.0 | 64 | 40 | 60.0 |
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 | 333 | 334 | 361 | −0.3 | −7.8 | 4,238 | 4,497 | −5.8 |
Bankruptcies | 254 | 256 | 263 | −0.8 | −3.4 | 3,156 | 3,360 | −6.1 |
Proposals | 79 | 78 | 98 | 1.3 | −19.4 | 1,082 | 1,137 | −4.8 |