Insolvency Statistics in Canada—First Quarter of 2014

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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 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
Q1 2014Q4 2013Q1 2013Q4 2013 to Q1 2014Q1 2013 to Q1 201403-31-201403-31-2013% Change
Newfoundland and Labrador3873784372.4-11.41,6601,770-6.2
Bankruptcies3473324064.5-14.51,4861,627-8.7
Proposals404631-13.029.017414321.7
Prince Edward Island1751701342.930.66816229.5
Bankruptcies1171141062.610.4469472-0.6
Proposals5856283.6107.121215041.3
Nova Scotia1,1381,1441,046-0.58.84,8634,32412.5
Bankruptcies767837746-8.42.83,4003,2006.3
Proposals37130730020.823.71,4631,12430.2
New Brunswick9601,015906-5.46.04,0913,8037.6
Bankruptcies665713668-6.7-0.42,9072,8591.7
Proposals295302238-2.323.91,18494425.4
Quebec10,83610,43010,3153.95.142,64838,41211.0
Bankruptcies6,4126,4286,531-0.2-1.826,69325,7023.9
Proposals4,4244,0023,78410.516.915,95512,71025.5
Ontario10,49310,96011,036-4.3-4.944,81147,422-5.5
Bankruptcies4,8435,6095,290-13.7-8.422,28423,609-5.6
Proposals5,6505,3515,7465.6-1.722,52723,813-5.4
Manitoba411500414-17.8-0.71,9161,8613.0
Bankruptcies258340273-24.1-5.51,2541,269-1.2
Proposals153160141-4.48.566259211.8
Saskatchewan52143842018.924.01,9061,7588.4
Bankruptcies31626226320.620.21,1591,05010.4
Proposals20517615716.530.67477085.5
Alberta2,0821,9162,2388.7-7.08,2969,187-9.7
Bankruptcies1,0271,0271,3230.0-22.44,5305,630-19.5
Proposals1,05588991518.715.33,7663,5575.9
British Columbia2,8012,9352,909-4.6-3.711,94911,7701.5
Bankruptcies1,6441,7951,825-8.4-9.97,1387,586-5.9
Proposals1,1571,1401,0841.56.74,8114,18415.0
Northwest Territories14189-22.255.6564524.4
Bankruptcies7115-36.440.0332437.5
Proposals7740.075.023219.5
Yukon9117-18.228.63340-17.5
Bankruptcies784-12.575.025244.2
Proposals233-33.3-33.3816-50.0
Nunavut32150.0200.07475.0
Bankruptcies211100.0100.042100.0
Proposals1100.0--3250.0
Canada29,83029,91729,872-0.3-0.1122,917121,0181.6
Bankruptcies16,41217,47717,441-6.1-5.971,38273,054-2.3
Proposals13,41812,44012,4317.97.951,53547,9647.4
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change 12-Month Period Ending
Q1 2014Q4 2013Q1 2013Q4 2013 to Q1 2014Q1 2013 to Q1 201403-31-201403-31-2013% Change
Newfoundland and Labrador3783724311.6-12.31,6251,752-7.2
Bankruptcies3403264024.3-15.41,4621,615-9.5
Proposals384629-17.431.016313719.0
Prince Edward Island1721641284.934.46616098.5
Bankruptcies1161091006.416.0456460-0.9
Proposals5655281.8100.020514937.6
Nova Scotia1,1211,1171,0170.410.24,7644,21513.0
Bankruptcies759819723-7.35.03,3313,1127.0
Proposals36229829421.523.11,4331,10329.9
New Brunswick934988891-5.54.83,9983,7367.0
Bankruptcies645690657-6.5-1.82,8342,8110.8
Proposals289298234-3.023.51,16492525.8
Quebec10,2719,8669,7704.15.140,44836,36911.2
Bankruptcies5,9836,0146,134-0.5-2.525,07024,1903.6
Proposals4,2883,8523,63611.317.915,37812,17926.3
Ontario10,21910,65810,734-4.1-4.843,61946,146-5.5
Bankruptcies4,6505,3725,054-13.4-8.021,36922,631-5.6
Proposals5,5695,2865,6805.4-2.022,25023,515-5.4
Manitoba395482399-18.0-1.01,8481,8141.9
Bankruptcies243327259-25.7-6.21,1981,230-2.6
Proposals152155140-1.98.665058411.3
Saskatchewan47541538614.523.11,7791,6348.9
Bankruptcies28625124313.917.71,08197910.4
Proposals18916414315.232.26986556.6
Alberta2,0481,8612,18310.0-6.28,1238,908-8.8
Bankruptcies1,0039901,2871.3-22.14,4055,428-18.8
Proposals1,04587189620.016.63,7183,4806.8
British Columbia2,7312,8762,833-5.0-3.611,70011,5051.7
Bankruptcies1,5961,7521,768-8.9-9.76,9587,393-5.9
Proposals1,1351,1241,0651.06.64,7424,11215.3
Northwest Territories14189-22.255.6564427.3
Bankruptcies7115-36.440.0332437.5
Proposals7740.075.0232015.0
Yukon9115-18.280.03337-10.8
Bankruptcies782-12.5250.0252119.0
Proposals233-33.3-33.3816-50.0
Nunavut32150.0200.073133.3
Bankruptcies211100.0100.041300.0
Proposals1100.0--3250.0
Canada28,77028,83028,787-0.2-0.1118,661116,7721.6
Bankruptcies15,63716,67016,635-6.2-6.068,22669,895-2.4
Proposals13,13312,16012,1528.08.150,43546,8777.6
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q1 2014Q4 2013Q1 2013Q4 2013 to Q1 2014Q1 2013 to Q1 201403-31-201403-31-2013% Change
Newfoundland and Labrador96650.050.0351894.4
Bankruptcies76416.775.02412100.0
Proposals202--0.011683.3
Prince Edward Island366-50.0-50.0201353.8
Bankruptcies156-80.0-83.313128.3
Proposals210100.0--71600.0
Nova Scotia172729-37.0-41.499109-9.2
Bankruptcies81823-55.6-65.26988-21.6
Proposals9960.050.0302142.9
New Brunswick262715-3.773.3936738.8
Bankruptcies202311-13.081.8734852.1
Proposals64450.050.020195.3
Quebec5655645450.23.72,2002,0437.7
Bankruptcies4294143973.68.11,6231,5127.3
Proposals136150148-9.3-8.15775318.7
Ontario274302302-9.3-9.31,1921,276-6.6
Bankruptcies193237236-18.6-18.2915978-6.4
Proposals81656624.622.7277298-7.0
Manitoba161815-11.16.7684744.7
Bankruptcies15131415.47.1563943.6
Proposals151-80.00.012850.0
Saskatchewan462334100.035.31271242.4
Bankruptcies301120172.750.078719.9
Proposals16121433.314.34953-7.5
Alberta345555-38.2-38.2173279-38.0
Bankruptcies243736-35.1-33.3125202-38.1
Proposals101819-44.4-47.44877-37.7
British Columbia70597618.6-7.9249265-6.0
Bankruptcies48435711.6-15.8180193-6.7
Proposals22161937.515.86972-4.2
Northwest Territories000----01-100.0
Bankruptcies000----00--
Proposals000----01-100.0
Yukon002---100.003-100.0
Bankruptcies002---100.003-100.0
Proposals000----00--
Nunavut000----01-100.0
Bankruptcies000----01-100.0
Proposals000----00--
Canada1,0601,0871,085-2.5-2.34,2564,2460.2
Bankruptcies775807806-4.0-3.83,1563,159-0.1
Proposals2852802791.82.21,1001,0871.2