Insolvency Statistics in Canada—First Quarter of 2013

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Tables

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.
Economic Region (ER):
Standard geographic units created for analysis of regional economic activity (Statistics Canada's geographical definitions of ERs).
Census Metropolitan Area (CMA):
Each census metropolitan area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000 (Statistics Canada's geographical definitions of CMAs).
Table 1: Total Insolvencies
ProvinceVolume% Change12-Month Period Ending
Q1 2013Q4 2012Q1 2012Q4 2012 to Q1 2013Q1 2012 to Q1 201303-31-201303-31-2012% Change
Newfoundland and Labrador 437 402 436 8.7 0.2 1,770 1,992 -11.1
Bankruptcies4063764058.00.21,6271,868-12.9
Proposals31263119.20.014312415.3
Prince Edward Island 134 171 147 -21.6 -8.8 622 602 3.3
Bankruptcies 106 136 119 -22.1 -10.9 472 489 -3.5
Proposals 28 35 28 -20.0 0.0 150 113 32.7
Nova Scotia 1,046 1,043 1,110 0.3 -5.8 4,324 4,492 -3.7
Bankruptcies746751853-0.7-12.53,2003,521-9.1
Proposals3002922572.716.71,12497115.8
New Brunswick 906 883 1,016 2.6 -10.8 3,803 3,790 0.3
Bankruptcies 668 660 768 1.2 -13.0 2,859 3,015 -5.2
Proposals 238 223 248 6.7 -4.0 944 775 21.8
Quebec 10,315 9,569 9,847 7.8 4.8 38,412 37,824 1.6
Bankruptcies6,5316,3636,7162.6-2.825,70226,855-4.3
Proposals3,7843,2063,13118.020.912,71010,96915.9
Ontario 11,036 11,755 12,356 -6.1 -10.7 47,422 51,277 -7.5
Bankruptcies 5,290 5,951 5,959 -11.1 -11.2 23,609 26,197 -9.9
Proposals 5,746 5,804 6,397 -1.0 -10.2 23,813 25,080 -5.1
Manitoba 414 469 479 -11.7 -13.6 1,861 2,108 -11.7
Bankruptcies273324316-15.7-13.61,2691,470-13.7
Proposals141145163-2.8-13.5592638-7.2
Saskatchewan 420 385 522 9.1 -19.5 1,758 2,132 -17.5
Bankruptcies 263 221 293 19.0 -10.2 1,050 1,297 -19.0
Proposals 157 164 229 -4.3 -31.4 708 835 -15.2
Alberta 2,238 2,221 2,565 0.8 -12.7 9,187 10,249 -10.4
Bankruptcies1,3231,3041,6821.5-21.35,6307,003-19.6
Proposals915917883-0.23.63,5573,2469.6
British Columbia 2,909 2,772 3,103 4.9 -6.3 11,770 11,955 -1.5
Bankruptcies 1,825 1,786 1,993 2.2 -8.4 7,586 7,976 -4.9
Proposals 1,084 986 1,110 9.9 -2.3 4,184 3,979 5.2
Northwest Territories 9 18 18 -50.0 -50.0 45 50 -10.0
Bankruptcies51110-54.5-50.02435-31.4
Proposals478-42.9-50.0211540.0
Yukon 7 15 5 -53.3 40.0 40 32 25.0
Bankruptcies 4 10 4 -60.0 0.0 24 28 -14.3
Proposals 3 5 1 -40.0 200.0 16 4 300.0
Nunavut 1 1 1 0.0 0.0 4 6 -33.3
Bankruptcies100----24-50.0
Proposals011-100.0-100.0220.0
Canada 29,872 29,704 31,605 0.6 -5.5 121,018 126,509 -4.3
Bankruptcies 17,441 17,893 19,118 -2.5 -8.8 73,054 79,758 -8.4
Proposals 12,431 11,811 12,487 5.2 -0.4 47,964 46,751 2.6
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q1 2013Q4 2012Q1 2012Q4 2012 to Q1 2013Q1 2012 to Q1 201303-31-201303-31-2012% Change
Newfoundland and Labrador 431 399 429 8.0 0.5 1,752 1,969 -11.0
Bankruptcies4023733987.81.01,6151,847-12.6
Proposals29263111.5-6.513712212.3
Prince Edward Island 128 170 137 -24.7 -6.6 609 578 5.4
Bankruptcies 100 135 112 -25.9 -10.7 460 470 -2.1
Proposals 28 35 25 -20.0 12.0 149 108 38.0
Nova Scotia 1,017 1,009 1,084 0.8 -6.2 4,215 4,394 -4.1
Bankruptcies723724832-0.1-13.13,1123,441-9.6
Proposals2942852523.216.71,10395315.7
New Brunswick 891 866 998 2.9 -10.7 3,736 3,725 0.3
Bankruptcies 657 645 752 1.9 -12.6 2,811 2,963 -5.1
Proposals 234 221 246 5.9 -4.9 925 762 21.4
Quebec 9,770 9,081 9,326 7.6 4.8 36,369 35,726 1.8
Bankruptcies6,1346,0026,3432.2-3.324,19025,323-4.5
Proposals3,6363,0792,98318.121.912,17910,40317.1
Ontario 10,734 11,432 11,969 -6.1 -10.3 46,146 49,706 -7.2
Bankruptcies 5,054 5,696 5,659 -11.3 -10.7 22,631 24,960 -9.3
Proposals 5,680 5,736 6,310 -1.0 -10.0 23,515 24,746 -5.0
Manitoba 399 454 462 -12.1 -13.6 1,814 2,038 -11.0
Bankruptcies259312305-17.0-15.11,2301,413-13.0
Proposals140142157-1.4-10.8584625-6.6
Saskatchewan 386 364 483 6.0 -20.1 1,634 1,987 -17.8
Bankruptcies 243 210 265 15.7 -8.3 979 1,193 -17.9
Proposals 143 154 218 -7.1 -34.4 655 794 -17.5
Alberta 2,183 2,145 2,477 1.8 -11.9 8,908 9,910 -10.1
Bankruptcies1,2871,2551,6182.5-20.55,4286,753-19.6
Proposals8968908590.74.33,4803,15710.2
British Columbia 2,833 2,706 3,024 4.7 -6.3 11,505 11,688 -1.6
Bankruptcies 1,768 1,744 1,937 1.4 -8.7 7,393 7,773 -4.9
Proposals 1,065 962 1,087 10.7 -2.0 4,112 3,915 5.0
Northwest Territories 9 18 18 -50.0 -50.0 44 50 -12.0
Bankruptcies51110-54.5-50.02435-31.4
Proposals478-42.9-50.0201533.3
Yukon 5 15 5 -66.7 0.0 37 31 19.4
Bankruptcies 2 10 4 -80.0 -50.0 21 27 -22.2
Proposals 3 5 1 -40.0 200.0 16 4 300.0
Nunavut 1 1 1 0.0 0.0 3 6 -50.0
Bankruptcies100----14-75.0
Proposals011-100.0-100.0220.0
Canada 28,787 28,660 30,413 0.4 -5.3 116,772 121,808 -4.1
Bankruptcies 16,635 17,117 18,235 -2.8 -8.8 69,895 76,202 -8.3
Proposals 12,152 11,543 12,178 5.3 -0.2 46,877 45,606 2.8
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q1 2013Q4 2012Q1 2012Q4 2012 to Q1 2013Q1 2012 to Q1 201303-31-201303-31-2012% Change
Newfoundland and Labrador 6 3 7 100.0 -14.3 18 23 -21.7
Bankruptcies43733.3-42.91221-42.9
Proposals200----62200.0
Prince Edward Island 6 1 10 500.0 -40.0 13 24 -45.8
Bankruptcies 6 1 7 500.0 -14.3 12 19 -36.8
Proposals 0 0 3 -- -100.0 1 5 -80.0
Nova Scotia 29 34 26 -14.7 11.5 109 98 11.2
Bankruptcies232721-14.89.5888010.0
Proposals675-14.320.0211816.7
New Brunswick 15 17 18 -11.8 -16.7 67 65 3.1
Bankruptcies 11 15 16 -26.7 -31.3 48 52 -7.7
Proposals 4 2 2 100.0 100.0 19 13 46.2
Quebec 545 488 521 11.7 4.6 2,043 2,098 -2.6
Bankruptcies39736137310.06.41,5121,532-1.3
Proposals14812714816.50.0531566-6.2
Ontario 302 323 387 -6.5 -22.0 1,276 1,571 -18.8
Bankruptcies 236 255 300 -7.5 -21.3 978 1,237 -20.9
Proposals 66 68 87 -2.9 -24.1 298 334 -10.8
Manitoba 15 15 17 0.0 -11.8 47 70 -32.9
Bankruptcies14121116.727.33957-31.6
Proposals136-66.7-83.3813-38.5
Saskatchewan 34 21 39 61.9 -12.8 124 145 -14.5
Bankruptcies 20 11 28 81.8 -28.6 71 104 -31.7
Proposals 14 10 11 40.0 27.3 53 41 29.3
Alberta 55 76 88 -27.6 -37.5 279 339 -17.7
Bankruptcies364964-26.5-43.8202250-19.2
Proposals192724-29.6-20.87789-13.5
British Columbia 76 66 79 15.2 -3.8 265 267 -0.7
Bankruptcies 57 42 56 35.7 1.8 193 203 -4.9
Proposals 19 24 23 -20.8 -17.4 72 64 12.5
Northwest Territories 0 0 0 -- -- 1 0 --
Bankruptcies000----00--
Proposals000----10--
Yukon 2 0 0 -- -- 3 1 200.0
Bankruptcies 2 0 0 -- -- 3 1 200.0
Proposals 0 0 0 -- -- 0 0 --
Nunavut 0 0 0 -- -- 1 0 --
Bankruptcies000----10--
Proposals000----00--
Canada 1,085 1,044 1,192 3.9 -9.0 4,246 4,701 -9.7
Bankruptcies 806 776 883 3.9 -8.7 3,159 3,556 -11.2
Proposals 279 268 309 4.1 -9.7 1,087 1,145 -5.1