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Insolvency Statistics—First Quarter of 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
- Table 5: Insolvencies Filed by Consumers by ER
- Table 6: Insolvencies Filed by Businesses by ER
- Table 7: Insolvencies Filed by Consumers by CMA
- Table 8: Insolvencies Filed by Businesses by CMA
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).
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2013 | Q4 2012 | Q1 2012 | Q4 2012 to Q1 2013 | Q1 2012 to Q1 2013 | 03-31-2013 | 03-31-2012 | % Change | |
Newfoundland and Labrador | 437 | 402 | 436 | 8.7 | 0.2 | 1,770 | 1,992 | -11.1 |
Bankruptcies | 406 | 376 | 405 | 8.0 | 0.2 | 1,627 | 1,868 | -12.9 |
Proposals | 31 | 26 | 31 | 19.2 | 0.0 | 143 | 124 | 15.3 |
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 |
Bankruptcies | 746 | 751 | 853 | -0.7 | -12.5 | 3,200 | 3,521 | -9.1 |
Proposals | 300 | 292 | 257 | 2.7 | 16.7 | 1,124 | 971 | 15.8 |
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 |
Bankruptcies | 6,531 | 6,363 | 6,716 | 2.6 | -2.8 | 25,702 | 26,855 | -4.3 |
Proposals | 3,784 | 3,206 | 3,131 | 18.0 | 20.9 | 12,710 | 10,969 | 15.9 |
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 |
Bankruptcies | 273 | 324 | 316 | -15.7 | -13.6 | 1,269 | 1,470 | -13.7 |
Proposals | 141 | 145 | 163 | -2.8 | -13.5 | 592 | 638 | -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 |
Bankruptcies | 1,323 | 1,304 | 1,682 | 1.5 | -21.3 | 5,630 | 7,003 | -19.6 |
Proposals | 915 | 917 | 883 | -0.2 | 3.6 | 3,557 | 3,246 | 9.6 |
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 |
Bankruptcies | 5 | 11 | 10 | -54.5 | -50.0 | 24 | 35 | -31.4 |
Proposals | 4 | 7 | 8 | -42.9 | -50.0 | 21 | 15 | 40.0 |
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 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 2 | 4 | -50.0 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 2 | 0.0 |
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 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2013 | Q4 2012 | Q1 2012 | Q4 2012 to Q1 2013 | Q1 2012 to Q1 2013 | 03-31-2013 | 03-31-2012 | % Change | |
Newfoundland and Labrador | 431 | 399 | 429 | 8.0 | 0.5 | 1,752 | 1,969 | -11.0 |
Bankruptcies | 402 | 373 | 398 | 7.8 | 1.0 | 1,615 | 1,847 | -12.6 |
Proposals | 29 | 26 | 31 | 11.5 | -6.5 | 137 | 122 | 12.3 |
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 |
Bankruptcies | 723 | 724 | 832 | -0.1 | -13.1 | 3,112 | 3,441 | -9.6 |
Proposals | 294 | 285 | 252 | 3.2 | 16.7 | 1,103 | 953 | 15.7 |
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 |
Bankruptcies | 6,134 | 6,002 | 6,343 | 2.2 | -3.3 | 24,190 | 25,323 | -4.5 |
Proposals | 3,636 | 3,079 | 2,983 | 18.1 | 21.9 | 12,179 | 10,403 | 17.1 |
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 |
Bankruptcies | 259 | 312 | 305 | -17.0 | -15.1 | 1,230 | 1,413 | -13.0 |
Proposals | 140 | 142 | 157 | -1.4 | -10.8 | 584 | 625 | -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 |
Bankruptcies | 1,287 | 1,255 | 1,618 | 2.5 | -20.5 | 5,428 | 6,753 | -19.6 |
Proposals | 896 | 890 | 859 | 0.7 | 4.3 | 3,480 | 3,157 | 10.2 |
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 |
Bankruptcies | 5 | 11 | 10 | -54.5 | -50.0 | 24 | 35 | -31.4 |
Proposals | 4 | 7 | 8 | -42.9 | -50.0 | 20 | 15 | 33.3 |
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 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 1 | 4 | -75.0 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 2 | 0.0 |
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 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2013 | Q4 2012 | Q1 2012 | Q4 2012 to Q1 2013 | Q1 2012 to Q1 2013 | 03-31-2013 | 03-31-2012 | % Change | |
Newfoundland and Labrador | 6 | 3 | 7 | 100.0 | -14.3 | 18 | 23 | -21.7 |
Bankruptcies | 4 | 3 | 7 | 33.3 | -42.9 | 12 | 21 | -42.9 |
Proposals | 2 | 0 | 0 | -- | -- | 6 | 2 | 200.0 |
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 |
Bankruptcies | 23 | 27 | 21 | -14.8 | 9.5 | 88 | 80 | 10.0 |
Proposals | 6 | 7 | 5 | -14.3 | 20.0 | 21 | 18 | 16.7 |
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 |
Bankruptcies | 397 | 361 | 373 | 10.0 | 6.4 | 1,512 | 1,532 | -1.3 |
Proposals | 148 | 127 | 148 | 16.5 | 0.0 | 531 | 566 | -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 |
Bankruptcies | 14 | 12 | 11 | 16.7 | 27.3 | 39 | 57 | -31.6 |
Proposals | 1 | 3 | 6 | -66.7 | -83.3 | 8 | 13 | -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 |
Bankruptcies | 36 | 49 | 64 | -26.5 | -43.8 | 202 | 250 | -19.2 |
Proposals | 19 | 27 | 24 | -29.6 | -20.8 | 77 | 89 | -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 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
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 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
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 |