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Insolvency Statistics in Canada
Fourth Quarter of 2013
623 KB, 28 pages
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 | |||||
---|---|---|---|---|---|---|---|---|
Q4 2013 | Q3 2013 | Q4 2012 | Q3 2013 to Q4 2013 | Q4 2012 to Q4 2013 | 12-31-2013 | 12-31-2012 | % Change | |
Newfoundland and Labrador | 378 | 414 | 402 | -8.7 | -6.0 | 1,710 | 1,769 | -3.3 |
Bankruptcies | 332 | 368 | 376 | -9.8 | -11.7 | 1,545 | 1,626 | -5.0 |
Proposals | 46 | 46 | 26 | 0.0 | 76.9 | 165 | 143 | 15.4 |
Prince Edward Island | 170 | 188 | 171 | -9.6 | -0.6 | 640 | 635 | 0.8 |
Bankruptcies | 114 | 127 | 136 | -10.2 | -16.2 | 458 | 485 | -5.6 |
Proposals | 56 | 61 | 35 | -8.2 | 60.0 | 182 | 150 | 21.3 |
Nova Scotia | 1,144 | 1,278 | 1,043 | -10.5 | 9.7 | 4,771 | 4,388 | 8.7 |
Bankruptcies | 837 | 864 | 751 | -3.1 | 11.5 | 3,379 | 3,307 | 2.2 |
Proposals | 307 | 414 | 292 | -25.8 | 5.1 | 1,392 | 1,081 | 28.8 |
New Brunswick | 1,015 | 1,077 | 883 | -5.8 | 14.9 | 4,037 | 3,913 | 3.2 |
Bankruptcies | 713 | 753 | 660 | -5.3 | 8.0 | 2,910 | 2,959 | -1.7 |
Proposals | 302 | 324 | 223 | -6.8 | 35.4 | 1,127 | 954 | 18.1 |
Quebec | 10,430 | 10,275 | 9,569 | 1.5 | 9.0 | 42,127 | 37,944 | 11.0 |
Bankruptcies | 6,428 | 6,687 | 6,363 | -3.9 | 1.0 | 26,812 | 25,887 | 3.6 |
Proposals | 4,002 | 3,588 | 3,206 | 11.5 | 24.8 | 15,315 | 12,057 | 27.0 |
Ontario | 10,960 | 11,031 | 11,755 | -0.6 | -6.8 | 45,354 | 48,742 | -7.0 |
Bankruptcies | 5,609 | 5,553 | 5,951 | 1.0 | -5.7 | 22,731 | 24,278 | -6.4 |
Proposals | 5,351 | 5,478 | 5,804 | -2.3 | -7.8 | 22,623 | 24,464 | -7.5 |
Manitoba | 500 | 491 | 469 | 1.8 | 6.6 | 1,919 | 1,926 | -0.4 |
Bankruptcies | 340 | 316 | 324 | 7.6 | 4.9 | 1,269 | 1,312 | -3.3 |
Proposals | 160 | 175 | 145 | -8.6 | 10.3 | 650 | 614 | 5.9 |
Saskatchewan | 438 | 468 | 385 | -6.4 | 13.8 | 1,805 | 1,860 | -3.0 |
Bankruptcies | 262 | 300 | 221 | -12.7 | 18.6 | 1,106 | 1,080 | 2.4 |
Proposals | 176 | 168 | 164 | 4.8 | 7.3 | 699 | 780 | -10.4 |
Alberta | 1,916 | 2,017 | 2,221 | -5.0 | -13.7 | 8,452 | 9,514 | -11.2 |
Bankruptcies | 1,027 | 1,168 | 1,304 | -12.1 | -21.2 | 4,826 | 5,989 | -19.4 |
Proposals | 889 | 849 | 917 | 4.7 | -3.1 | 3,626 | 3,525 | 2.9 |
British Columbia | 2,935 | 2,918 | 2,772 | 0.6 | 5.9 | 12,057 | 11,964 | 0.8 |
Bankruptcies | 1,795 | 1,715 | 1,786 | 4.7 | 0.5 | 7,319 | 7,754 | -5.6 |
Proposals | 1,140 | 1,203 | 986 | -5.2 | 15.6 | 4,738 | 4,210 | 12.5 |
Northwest Territories | 18 | 13 | 18 | 38.5 | 0.0 | 51 | 54 | -5.6 |
Bankruptcies | 11 | 9 | 11 | 22.2 | 0.0 | 31 | 29 | 6.9 |
Proposals | 7 | 4 | 7 | 75.0 | 0.0 | 20 | 25 | -20.0 |
Yukon | 11 | 4 | 15 | 175.0 | -26.7 | 31 | 38 | -18.4 |
Bankruptcies | 8 | 3 | 10 | 166.7 | -20.0 | 22 | 24 | -8.3 |
Proposals | 3 | 1 | 5 | 200.0 | -40.0 | 9 | 14 | -35.7 |
Nunavut | 2 | 1 | 1 | 100.0 | 100.0 | 5 | 4 | 25.0 |
Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 3 | 1 | 200.0 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 2 | 3 | -33.3 |
Canada | 29,917 | 30,175 | 29,704 | -0.9 | 0.7 | 122,959 | 122,751 | 0.2 |
Bankruptcies | 17,477 | 17,864 | 17,893 | -2.2 | -2.3 | 72,411 | 74,731 | -3.1 |
Proposals | 12,440 | 12,311 | 11,811 | 1.0 | 5.3 | 50,548 | 48,020 | 5.3 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2013 | Q3 2013 | Q4 2012 | Q3 2013 to Q4 2013 | Q4 2012 to Q4 2013 | 12-31-2013 | 12-31-2012 | % Change | |
Newfoundland and Labrador | 372 | 402 | 399 | -7.5 | -6.8 | 1,678 | 1,750 | -4.1 |
Bankruptcies | 326 | 364 | 373 | -10.4 | -12.6 | 1,524 | 1,611 | -5.4 |
Proposals | 46 | 38 | 26 | 21.1 | 76.9 | 154 | 139 | 10.8 |
Prince Edward Island | 164 | 180 | 170 | -8.9 | -3.5 | 617 | 618 | -0.2 |
Bankruptcies | 109 | 121 | 135 | -9.9 | -19.3 | 440 | 472 | -6.8 |
Proposals | 55 | 59 | 35 | -6.8 | 57.1 | 177 | 146 | 21.2 |
Nova Scotia | 1,117 | 1,251 | 1,009 | -10.7 | 10.7 | 4,660 | 4,282 | 8.8 |
Bankruptcies | 819 | 842 | 724 | -2.7 | 13.1 | 3,295 | 3,221 | 2.3 |
Proposals | 298 | 409 | 285 | -27.1 | 4.6 | 1,365 | 1,061 | 28.7 |
New Brunswick | 988 | 1,059 | 866 | -6.7 | 14.1 | 3,955 | 3,843 | 2.9 |
Bankruptcies | 690 | 740 | 645 | -6.8 | 7.0 | 2,846 | 2,906 | -2.1 |
Proposals | 298 | 319 | 221 | -6.6 | 34.8 | 1,109 | 937 | 18.4 |
Quebec | 9,866 | 9,768 | 9,081 | 1.0 | 8.6 | 39,947 | 35,925 | 11.2 |
Bankruptcies | 6,014 | 6,305 | 6,002 | -4.6 | 0.2 | 25,221 | 24,399 | 3.4 |
Proposals | 3,852 | 3,463 | 3,079 | 11.2 | 25.1 | 14,726 | 11,526 | 27.8 |
Ontario | 10,658 | 10,754 | 11,432 | -0.9 | -6.8 | 44,134 | 47,381 | -6.9 |
Bankruptcies | 5,372 | 5,323 | 5,696 | 0.9 | -5.7 | 21,773 | 23,236 | -6.3 |
Proposals | 5,286 | 5,431 | 5,736 | -2.7 | -7.8 | 22,361 | 24,145 | -7.4 |
Manitoba | 482 | 469 | 454 | 2.8 | 6.2 | 1,852 | 1,877 | -1.3 |
Bankruptcies | 327 | 298 | 312 | 9.7 | 4.8 | 1,214 | 1,276 | -4.9 |
Proposals | 155 | 171 | 142 | -9.4 | 9.2 | 638 | 601 | 6.2 |
Saskatchewan | 415 | 442 | 364 | -6.1 | 14.0 | 1,690 | 1,731 | -2.4 |
Bankruptcies | 251 | 284 | 210 | -11.6 | 19.5 | 1,038 | 1,001 | 3.7 |
Proposals | 164 | 158 | 154 | 3.8 | 6.5 | 652 | 730 | -10.7 |
Alberta | 1,861 | 1,979 | 2,145 | -6.0 | -13.2 | 8,258 | 9,202 | -10.3 |
Bankruptcies | 990 | 1,139 | 1,255 | -13.1 | -21.1 | 4,689 | 5,759 | -18.6 |
Proposals | 871 | 840 | 890 | 3.7 | -2.1 | 3,569 | 3,443 | 3.7 |
British Columbia | 2,876 | 2,867 | 2,706 | 0.3 | 6.3 | 11,802 | 11,696 | 0.9 |
Bankruptcies | 1,752 | 1,678 | 1,744 | 4.4 | 0.5 | 7,130 | 7,562 | -5.7 |
Proposals | 1,124 | 1,189 | 962 | -5.5 | 16.8 | 4,672 | 4,134 | 13.0 |
Northwest Territories | 18 | 13 | 18 | 38.5 | 0.0 | 51 | 53 | -3.8 |
Bankruptcies | 11 | 9 | 11 | 22.2 | 0.0 | 31 | 29 | 6.9 |
Proposals | 7 | 4 | 7 | 75.0 | 0.0 | 20 | 24 | -16.7 |
Yukon | 11 | 4 | 15 | 175.0 | -26.7 | 29 | 37 | -21.6 |
Bankruptcies | 8 | 3 | 10 | 166.7 | -20.0 | 20 | 23 | -13.0 |
Proposals | 3 | 1 | 5 | 200.0 | -40.0 | 9 | 14 | -35.7 |
Nunavut | 2 | 1 | 1 | 100.0 | 100.0 | 5 | 3 | 66.7 |
Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 3 | 0 | -- |
Proposals | 1 | 0 | 1 | -- | 0.0 | 2 | 3 | -33.3 |
Canada | 28,830 | 29,189 | 28,660 | -1.2 | 0.6 | 118,678 | 118,398 | 0.2 |
Bankruptcies | 16,670 | 17,107 | 17,117 | -2.6 | -2.6 | 69,224 | 71,495 | -3.2 |
Proposals | 12,160 | 12,082 | 11,543 | 0.6 | 5.3 | 49,454 | 46,903 | 5.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2013 | Q3 2013 | Q4 2012 | Q3 2013 to Q4 2013 | Q4 2012 to Q4 2013 | 12-31-2013 | 12-31-2012 | % Change | |
Newfoundland and Labrador | 6 | 12 | 3 | -50.0 | 100.0 | 32 | 19 | 68.4 |
Bankruptcies | 6 | 4 | 3 | 50.0 | 100.0 | 21 | 15 | 40.0 |
Proposals | 0 | 8 | 0 | -100.0 | -- | 11 | 4 | 175.0 |
Prince Edward Island | 6 | 8 | 1 | -25.0 | 500.0 | 23 | 17 | 35.3 |
Bankruptcies | 5 | 6 | 1 | -16.7 | 400.0 | 18 | 13 | 38.5 |
Proposals | 1 | 2 | 0 | -50.0 | -- | 5 | 4 | 25.0 |
Nova Scotia | 27 | 27 | 34 | 0.0 | -20.6 | 111 | 106 | 4.7 |
Bankruptcies | 18 | 22 | 27 | -18.2 | -33.3 | 84 | 86 | -2.3 |
Proposals | 9 | 5 | 7 | 80.0 | 28.6 | 27 | 20 | 35.0 |
New Brunswick | 27 | 18 | 17 | 50.0 | 58.8 | 82 | 70 | 17.1 |
Bankruptcies | 23 | 13 | 15 | 76.9 | 53.3 | 64 | 53 | 20.8 |
Proposals | 4 | 5 | 2 | -20.0 | 100.0 | 18 | 17 | 5.9 |
Quebec | 564 | 507 | 488 | 11.2 | 15.6 | 2,180 | 2,019 | 8.0 |
Bankruptcies | 414 | 382 | 361 | 8.4 | 14.7 | 1,591 | 1,488 | 6.9 |
Proposals | 150 | 125 | 127 | 20.0 | 18.1 | 589 | 531 | 10.9 |
Ontario | 302 | 277 | 323 | 9.0 | -6.5 | 1,220 | 1,361 | -10.4 |
Bankruptcies | 237 | 230 | 255 | 3.0 | -7.1 | 958 | 1,042 | -8.1 |
Proposals | 65 | 47 | 68 | 38.3 | -4.4 | 262 | 319 | -17.9 |
Manitoba | 18 | 22 | 15 | -18.2 | 20.0 | 67 | 49 | 36.7 |
Bankruptcies | 13 | 18 | 12 | -27.8 | 8.3 | 55 | 36 | 52.8 |
Proposals | 5 | 4 | 3 | 25.0 | 66.7 | 12 | 13 | -7.7 |
Saskatchewan | 23 | 26 | 21 | -11.5 | 9.5 | 115 | 129 | -10.9 |
Bankruptcies | 11 | 16 | 11 | -31.3 | 0.0 | 68 | 79 | -13.9 |
Proposals | 12 | 10 | 10 | 20.0 | 20.0 | 47 | 50 | -6.0 |
Alberta | 55 | 38 | 76 | 44.7 | -27.6 | 194 | 312 | -37.8 |
Bankruptcies | 37 | 29 | 49 | 27.6 | -24.5 | 137 | 230 | -40.4 |
Proposals | 18 | 9 | 27 | 100.0 | -33.3 | 57 | 82 | -30.5 |
British Columbia | 59 | 51 | 66 | 15.7 | -10.6 | 255 | 268 | -4.9 |
Bankruptcies | 43 | 37 | 42 | 16.2 | 2.4 | 189 | 192 | -1.6 |
Proposals | 16 | 14 | 24 | 14.3 | -33.3 | 66 | 76 | -13.2 |
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 | 1,087 | 986 | 1,044 | 10.2 | 4.1 | 4,281 | 4,353 | -1.7 |
Bankruptcies | 807 | 757 | 776 | 6.6 | 4.0 | 3,187 | 3,236 | -1.5 |
Proposals | 280 | 229 | 268 | 22.3 | 4.5 | 1,094 | 1,117 | -2.1 |