Insolvency Statistics in Canada—September 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
ProvinceVolume% Change12-Month Period Ending
Sept. 2013Aug. 2013Sept. 2012Aug. 2013
to
Sept. 2013
Sept. 2012
to
Sept. 2013
09-30-201309-30-2012% Change
Newfoundland and Labrador123135122−8.90.81,7341,827−5.1
Bankruptcies1151131131.81.81,5891,681−5.5
Proposals8229−63.6−11.1145146−0.7
Prince Edward Island476845−30.94.46416036.3
Bankruptcies284632−39.1−12.54804575.0
Proposals192213−13.646.216114610.3
Nova Scotia4504333143.943.34,6704,4215.6
Bankruptcies3062942424.126.43,2933,379−2.5
Proposals144139723.6100.01,3771,04232.1
New Brunswick330378309−12.76.83,9053,928−0.6
Bankruptcies217269239−19.3−9.22,8573,008−5.0
Proposals113109703.761.41,04892013.9
Quebec3,4993,4082,9592.718.241,26637,7259.4
Bankruptcies2,2532,2152,0111.712.026,74726,1402.3
Proposals1,2461,1939484.431.414,51911,58525.3
Ontario3,7223,6283,7782.6−1.546,14949,918−7.6
Bankruptcies1,8011,8461,919−2.4−6.123,07325,038−7.8
Proposals1,9211,7821,8597.83.323,07624,880−7.3
Manitoba151176173−14.2−12.71,8881,994−5.3
Bankruptcies100109124−8.3−19.41,2531,365−8.2
Proposals516749−23.94.16356291.0
Saskatchewan1631601471.910.91,7521,949−10.1
Bankruptcies10598897.118.01,0651,146−7.1
Proposals586258−6.50.0687803−14.4
Alberta6896506866.00.48,7579,741−10.1
Bankruptcies3883864420.5−12.25,1036,327−19.3
Proposals30126424414.023.43,6543,4147.0
British Columbia9529298762.58.711,89412,054−1.3
Bankruptcies59153058811.50.57,3107,810−6.4
Proposals361399288−9.525.34,5844,2448.0
Northwest Territories32250.050.0514415.9
Bankruptcies120−50.0--312619.2
Proposals202--0.0201811.1
Yukon025−100.0−100.0353016.7
Bankruptcies012−100.0−100.0242020.0
Proposals013−100.0−100.0111010.0
Nunavut010−100.0--4333.3
Bankruptcies010−100.0--21100.0
Proposals000----220.0
Canada10,1299,9709,4161.67.6122,746124,237−1.2
Bankruptcies5,9055,9105,801−0.11.872,82776,398−4.7
Proposals4,2244,0603,6154.016.849,91947,8394.3
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Sept. 2013Aug. 2013Sept. 2012Aug. 2013
to
Sept. 2013
Sept. 2012
to
Sept. 2013
09-30-201309-30-2012% Change
Newfoundland and Labrador123125117-1.65.11,7051,807-5.6
Bankruptcies1151091115.53.61,5711,667-5.8
Proposals8166-50.033.3134140-4.3
Prince Edward Island436444-32.8-2.36235817.2
Bankruptcies244431-45.5-22.64664396.2
Proposals192013-5.046.215714210.6
Nova Scotia4434193085.743.84,5524,3285.2
Bankruptcies3002832376.026.63,2003,302-3.1
Proposals143136715.1101.41,3521,02631.8
New Brunswick325370304-12.26.93,8333,869-0.9
Bankruptcies213265237-19.6-10.12,8012,965-5.5
Proposals112105676.767.21,03290414.2
Quebec3,3223,2542,7692.120.039,16235,6469.9
Bankruptcies2,1272,0971,8751.413.425,20924,6072.4
Proposals1,1951,1578943.333.713,95311,03926.4
Ontario3,6303,5323,6722.8-1.144,90848,480-7.4
Bankruptcies1,7271,7611,840-1.9-6.122,09723,945-7.7
Proposals1,9031,7711,8327.53.922,81124,535-7.0
Manitoba146166171-12.0-14.61,8241,932-5.6
Bankruptcies9599122-4.0-22.11,1991,317-9.0
Proposals516749-23.94.16256151.6
Saskatchewan1561531392.012.21,6391,813-9.6
Bankruptcies10194857.418.89971,060-5.9
Proposals555954-6.81.9642753-14.7
Alberta6736376625.71.78,5429,416-9.3
Bankruptcies375379421-1.1-10.94,9546,079-18.5
Proposals29825824115.523.73,5883,3377.5
British Columbia9329118622.38.111,63211,794-1.4
Bankruptcies57351957710.4-0.77,1227,612-6.4
Proposals359392285-8.426.04,5104,1827.8
Northwest Territories32250.050.0514318.6
Bankruptcies120-50.0--312619.2
Proposals202--0.0201717.6
Yukon025-100.0-100.0332913.8
Bankruptcies012-100.0-100.0221915.8
Proposals013-100.0-100.0111010.0
Nunavut010-100.0--42100.0
Bankruptcies010-100.0--20--
Proposals000----220.0
Canada9,7969,6369,0551.78.2118,508119,740-1.0
Bankruptcies5,6515,6545,538-0.12.069,67173,038-4.6
Proposals4,1453,9823,5174.117.948,83746,7024.6
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Sept. 2013Aug. 2013Sept. 2012Aug. 2013
to
Sept. 2013
Sept. 2012
to
Sept. 2013
09-30-201309-30-2012% Change
Newfoundland and Labrador0105−100.0−100.0292045.0
Bankruptcies042−100.0−100.0181428.6
Proposals063−100.0−100.011683.3
Prince Edward Island4410.0300.01822−18.2
Bankruptcies421100.0300.01418−22.2
Proposals020−100.0--440.0
Nova Scotia7146−50.016.71189326.9
Bankruptcies6115−45.520.0937720.8
Proposals131−66.70.0251656.3
New Brunswick585−37.50.0725922.0
Bankruptcies4420.0100.0564330.2
Proposals143−75.0−66.716160.0
Quebec17715419014.9−6.82,1042,0791.2
Bankruptcies1261181366.8−7.41,5381,5330.3
Proposals51365441.7−5.65665463.7
Ontario9296106−4.2−13.21,2411,438−13.7
Bankruptcies748579−12.9−6.39761,093−10.7
Proposals18112763.6−33.3265345−23.2
Manitoba5102−50.0150.064623.2
Bankruptcies5102−50.0150.0544812.5
Proposals000----1014−28.6
Saskatchewan7780.0−12.5113136−16.9
Bankruptcies4440.00.06886−20.9
Proposals3340.0−25.04550−10.0
Alberta16132423.1−33.3215325−33.8
Bankruptcies1372185.7−38.1149248−39.9
Proposals363−50.00.06677−14.3
British Columbia20181411.142.92622600.8
Bankruptcies18111163.663.6188198−5.1
Proposals273−71.4−33.3746219.4
Northwest Territories000----01−100.0
Bankruptcies000----00--
Proposals000----01−100.0
Yukon000----21100.0
Bankruptcies000----21100.0
Proposals000----00--
Nunavut000----01−100.0
Bankruptcies000----01−100.0
Proposals000----00--
Canada333334361−0.3−7.84,2384,497−5.8
Bankruptcies254256263−0.8−3.43,1563,360−6.1
Proposals7978981.3−19.41,0821,137−4.8
Table 4: Insolvencies by NAICS Economic Sectors, Canada
SectorVolume% Change12-Month Period Ending
Sept. 2013Aug. 2013Sept. 2012Aug. 2013
to
Sept. 2013
Sept. 2012
to
Sept. 2013
09-30-201309-30-2012% Change
Agriculture, Forestry, Fishing and Hunting14239−39.155.61201181.7
Bankruptcies10125−16.7100.08489−5.6
Proposals4114−63.60.0362924.1
Mining and Oil and Gas Extraction125−50.0−80.0342917.2
Bankruptcies104--−75.01823−21.7
Proposals021−100.0−100.0166166.7
Utilities100----1118−38.9
Bankruptcies000----512−58.3
Proposals100----660.0
Construction626554−4.614.8767812−5.5
Bankruptcies445042−12.04.8568605−6.1
Proposals18151220.050.0199207−3.9
Manufacturing3735355.75.7425480−11.5
Bankruptcies27242512.58.0298342−12.9
Proposals101110−9.10.0127138−8.0
Wholesale Trade122018−40.0−33.3222244−9.0
Bankruptcies71813−61.1−46.2159182−12.6
Proposals525150.00.063621.6
Retail Trade44355625.7−21.4514611−15.9
Bankruptcies3533426.1−16.7404457−11.6
Proposals9214350.0−35.7110154−28.6
Transportation and Warehousing29162081.345.026824011.7
Bankruptcies24131784.641.221418913.2
Proposals53366.766.754515.9
Information and Cultural Industries106--−83.35762−8.1
Bankruptcies004--−100.05053−5.7
Proposals102--−50.079−22.2
Finance and Insurance96550.080.079790.0
Bankruptcies86333.3166.7696211.3
Proposals102--−50.01017−41.2
Real Estate and Rental and Leasing4711−42.9−63.61231166.0
Bankruptcies166−83.3−83.3957625.0
Proposals315200.0−40.02840−30.0
Professional, Scientific and Technical Services27192042.135.02982922.1
Bankruptcies201016100.025.02172093.8
Proposals794−22.275.08183−2.4
Management of Companies and Enterprises7107−30.00.0736021.7
Bankruptcies487−50.0−42.95052−3.8
Proposals32050.0--238187.5
Administrative and Support, Waste Management and Remediation Services131819−27.8−31.6200223−10.3
Bankruptcies91315−30.8−40.0150161−6.8
Proposals454−20.00.05062−19.4
Educational Services232−33.30.035329.4
Bankruptcies232−33.30.02628−7.1
Proposals000----94125.0
Health Care and Social Assistance826300.033.35260−13.3
Bankruptcies625200.020.04244−4.5
Proposals201--100.01016−37.5
Arts, Entertainment and Recreation86633.333.3917226.4
Bankruptcies6640.050.0756123.0
Proposals202--0.0161145.5
Accommodation and Food Services404464−9.1−37.5618678−8.8
Bankruptcies37323915.6−5.1445485−8.2
Proposals31225−75.0−88.0173193−10.4
Other Services (except Public Administration)142318−39.1−22.2251267−6.0
Bankruptcies132014−35.0−7.1187227−17.6
Proposals134−66.7−75.0644060.0
Public Administration000----04−100.0
Bankruptcies000----03−100.0
Proposals000----01−100.0
Total333334361−0.3−7.84,2384,497−5.8
Bankruptcies254256263−0.8−3.43,1563,360−6.1
Proposals7978981.3−19.41,0821,137−4.8