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Insolvency Statistics in Canada – January 2009
Printable Version: Insolvency Statistics in Canada — January 2009 (PDF Format, 130 KB)
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
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.
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| January 2009 | December 2008 | January 2008 | Dec. 2008 to Jan. 2009 | Jan. 2008 to Jan. 2009 | 01-31-2009 | 01-31-2008 | % Change | |
| Newfoundland and Labrador | 159 | 118 | 184 | 34.7 | -13.6 | 2 195 | 2 263 | -3.0 |
| Bankruptcies | 156 | 118 | 183 | 32.2 | -14.8 | 2 145 | 2 176 | -1.4 |
| Proposals | 3 | 0 | 1 | — | 200.0 | 50 | 87 | -42.5 |
| Prince Edward Island | 29 | 48 | 21 | -39.6 | 38.1 | 495 | 363 | 36.4 |
| Bankruptcies | 26 | 44 | 20 | -40.9 | 30.0 | 464 | 329 | 41.0 |
| Proposals | 3 | 4 | 1 | -25.0 | 200.0 | 31 | 34 | -8.8 |
| Nova Scotia | 364 | 340 | 341 | 7.1 | 6.7 | 4 768 | 4 278 | 11.5 |
| Bankruptcies | 315 | 302 | 287 | 4.3 | 9.8 | 4 160 | 3 707 | 12.2 |
| Proposals | 49 | 38 | 54 | 28.9 | -9.3 | 608 | 571 | 6.5 |
| New Brunswick | 252 | 258 | 234 | -2.3 | 7.7 | 3 330 | 2 945 | 13.1 |
| Bankruptcies | 206 | 222 | 201 | -7.2 | 2.5 | 2 856 | 2 604 | 9.7 |
| Proposals | 46 | 36 | 33 | 27.8 | 39.4 | 474 | 341 | 39.0 |
| Quebec | 3 326 | 2 832 | 2 970 | 17.4 | 12.0 | 37 343 | 32 838 | 13.7 |
| Bankruptcies | 2 744 | 2 365 | 2 460 | 16.0 | 11.5 | 30 758 | 27 377 | 12.3 |
| Proposals | 582 | 467 | 510 | 24.6 | 14.1 | 6 585 | 5 461 | 20.6 |
| Ontario | 4 433 | 4 825 | 3 578 | -8.1 | 23.9 | 54 149 | 46 505 | 16.4 |
| Bankruptcies | 3 118 | 3 559 | 2 592 | -12.4 | 20.3 | 39 163 | 34 076 | 14.9 |
| Proposals | 1 315 | 1 266 | 986 | 3.9 | 33.4 | 14 986 | 12 429 | 20.6 |
| Manitoba | 209 | 246 | 205 | -15.0 | 2.0 | 2 717 | 2 691 | 1.0 |
| Bankruptcies | 169 | 199 | 167 | -15.1 | 1.2 | 2 130 | 2 148 | -0.8 |
| Proposals | 40 | 47 | 38 | -14.9 | 5.3 | 587 | 543 | 8.1 |
| Saskatchewan | 174 | 163 | 181 | 6.7 | -3.9 | 2 065 | 2 227 | -7.3 |
| Bankruptcies | 126 | 123 | 135 | 2.4 | -6.7 | 1 592 | 1 638 | -2.8 |
| Proposals | 48 | 40 | 46 | 20.0 | 4.3 | 473 | 589 | -19.7 |
| Alberta | 865 | 743 | 559 | 16.4 | 54.7 | 8 218 | 6 475 | 26.9 |
| Bankruptcies | 735 | 636 | 466 | 15.6 | 57.7 | 6 782 | 5 210 | 30.2 |
| Proposals | 130 | 107 | 93 | 21.5 | 39.8 | 1 436 | 1 265 | 13.5 |
| British Columbia | 958 | 895 | 645 | 7.0 | 48.5 | 9 735 | 8 584 | 13.4 |
| Bankruptcies | 792 | 724 | 537 | 9.4 | 47.5 | 8 002 | 7 057 | 13.4 |
| Proposals | 166 | 171 | 108 | -2.9 | 53.7 | 1 733 | 1 527 | 13.5 |
| Northwest Territories | 3 | 3 | 3 | 0.0 | 0.0 | 26 | 40 | -35.0 |
| Bankruptcies | 2 | 3 | 1 | -33.3 | 100.0 | 24 | 34 | -29.4 |
| Proposals | 1 | 0 | 2 | — | -50.0 | 2 | 6 | -66.7 |
| Yukon | 3 | 5 | 1 | -40.0 | 200.0 | 37 | 26 | 42.3 |
| Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 33 | 24 | 37.5 |
| Proposals | 0 | 2 | 0 | -100.0 | — | 4 | 2 | 100.0 |
| Nunavut | 0 | 1 | 0 | -100.0 | — | 9 | 4 | 125.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | — | 7 | 4 | 75.0 |
| Proposals | 0 | 0 | 0 | — | — | 2 | 0 | — |
| Canada | 10 775 | 10 477 | 8 922 | 2.8 | 20.8 | 125 087 | 109 239 | 14.5 |
| Bankruptcies | 8 392 | 8 299 | 7 050 | 1.1 | 19.0 | 98 116 | 86 384 | 13.6 |
| Proposals | 2 383 | 2 178 | 1 872 | 9.4 | 27.3 | 26 971 | 22 855 | 18.0 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
January 2009 |
December 2008 | January 2008 | Dec. 2008 to Jan. 2009 | Jan. 2008 to Jan. 2009 | 01-31-2009 | 01-31-2008 | Variation en % | |
| Newfoundland and Labrador | 158 | 112 | 177 | 41.1 | -10.7 | 2 161 | 2 207 | -2.1 |
| Bankruptcies | 155 | 112 | 176 | 38.4 | -11.9 | 2 112 | 2 121 | -0.4 |
| Proposals | 3 | 0 | 1 | — | 200.0 | 49 | 86 | -43.0 |
| Prince Edward Island | 28 | 46 | 20 | -39.1 | 40.0 | 475 | 330 | 43.9 |
| Bankruptcies | 25 | 43 | 20 | -41.9 | 25.0 | 449 | 302 | 48.7 |
| Proposals | 3 | 3 | 0 | 0.0 | — | 26 | 28 | -7.1 |
| Nova Scotia | 351 | 327 | 326 | 7.3 | 7.7 | 4 577 | 4 048 | 13.1 |
| Bankruptcies | 306 | 293 | 273 | 4.4 | 12.1 | 4 003 | 3 497 | 14.5 |
| Proposals | 45 | 34 | 53 | 32.4 | -15.1 | 574 | 551 | 4.2 |
| New Brunswick | 238 | 244 | 215 | -2.5 | 10.7 | 3 092 | 2 764 | 11.9 |
| Bankruptcies | 195 | 210 | 184 | -7.1 | 6.0 | 2 666 | 2 451 | 8.8 |
| Proposals | 43 | 34 | 31 | 26.5 | 38.7 | 426 | 313 | 36.1 |
| Quebec | 3 076 | 2 630 | 2 757 | 17.0 | 11.6 | 34 595 | 30 265 | 14.3 |
| Bankruptcies | 2 561 | 2 191 | 2 292 | 16.9 | 11.7 | 28 586 | 25 324 | 12.9 |
| Proposals | 515 | 439 | 465 | 17.3 | 10.8 | 6 009 | 4 941 | 21.6 |
| Ontario | 4 232 | 4 623 | 3 322 | -8.5 | 27.4 | 51 352 | 43 488 | 18.1 |
| Bankruptcies | 2 952 | 3 380 | 2 372 | -12.7 | 24.5 | 36 780 | 31 504 | 16.7 |
| Proposals | 1 280 | 1 243 | 950 | 3.0 | 34.7 | 14 572 | 11 984 | 21.6 |
| Manitoba | 203 | 236 | 190 | -14.0 | 6.8 | 2 614 | 2 583 | 1.2 |
| Bankruptcies | 164 | 189 | 152 | -13.2 | 7.9 | 2 037 | 2 047 | -0.5 |
| Proposals | 39 | 47 | 38 | -17.0 | 2.6 | 577 | 536 | 7.6 |
| Saskatchewan | 164 | 147 | 151 | 11.6 | 8.6 | 1 880 | 1 952 | -3.7 |
| Bankruptcies | 118 | 107 | 115 | 10.3 | 2.6 | 1 454 | 1 427 | 1.9 |
| Proposals | 46 | 40 | 36 | 15.0 | 27.8 | 426 | 525 | -18.9 |
| Alberta | 823 | 705 | 523 | 16.7 | 57.4 | 7 688 | 5 935 | 29.5 |
| Bankruptcies | 696 | 606 | 433 | 14.9 | 60.7 | 6 329 | 4 763 | 32.9 |
| Proposals | 127 | 99 | 90 | 28.3 | 41.1 | 1 359 | 1 172 | 16.0 |
| British Columbia | 929 | 845 | 608 | 9.9 | 52.8 | 9 203 | 8 029 | 14.6 |
| Bankruptcies | 767 | 683 | 506 | 12.3 | 51.6 | 7 554 | 6 606 | 14.4 |
| Proposals | 162 | 162 | 102 | 0.0 | 58.8 | 1 649 | 1 423 | 15.9 |
| Northwest Territories | 3 | 3 | 3 | 0.0 | 0.0 | 25 | 36 | -30.6 |
| Bankruptcies | 2 | 3 | 1 | -33.3 | 100.0 | 23 | 32 | -28.1 |
| Proposals | 1 | 0 | 2 | — | -50.0 | 2 | 4 | -50.0 |
| Yukon | 3 | 5 | 1 | -40.0 | 200.0 | 33 | 23 | 43.5 |
| Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 29 | 21 | 38.1 |
| Proposals | 0 | 2 | 0 | -100.0 | — | 4 | 2 | 100.0 |
| Nunavut | 0 | 1 | 0 | -100.0 | — | 9 | 2 | 350.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | — | 7 | 2 | 250.0 |
| Proposals | 0 | 0 | 0 | — | — | 2 | 0 | — |
| Canada | 10 208 | 9 924 | 8 293 | 2.9 | 23.1 | 117 704 | 101 662 | 15.8 |
| Bankruptcies | 7 944 | 7 821 | 6 525 | 1.6 | 21.7 | 92 029 | 80 097 | 14.9 |
| Proposals | 2 264 | 2 103 | 1 768 | 7.7 | 28.1 | 25 675 | 21 565 | 19.1 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| January 2009 | December 2008 | January 2008 | Dec. 2008 to Jan. 2009 | Jan. 2008 to Jan. 2009 | 01-31-2009 | 01-31-2008 | Variation en % | |
| Newfoundland and Labrador | 1 | 6 | 7 | -83.3 | -85.7 | 34 | 56 | -39.3 |
| Bankruptcies | 1 | 6 | 7 | -83.3 | -85.7 | 33 | 55 | -40.0 |
| Proposals | 0 | 0 | 0 | — | — | 1 | 1 | 0.0 |
| Prince Edward Island | 1 | 2 | 1 | -50.0 | 0.0 | 20 | 33 | -39.4 |
| Bankruptcies | 1 | 1 | 0 | 0.0 | — | 15 | 27 | -44.4 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 5 | 6 | -16.7 |
| Nova Scotia | 13 | 13 | 15 | 0.0 | -13.3 | 191 | 230 | -17.0 |
| Bankruptcies | 9 | 9 | 14 | 0.0 | -35.7 | 157 | 210 | -25.2 |
| Proposals | 4 | 4 | 1 | 0.0 | 300.0 | 34 | 20 | 70.0 |
| New Brunswick | 14 | 14 | 19 | 0.0 | -26.3 | 238 | 181 | 31.5 |
| Bankruptcies | 11 | 12 | 17 | -8.3 | -35.3 | 190 | 153 | 24.2 |
| Proposals | 3 | 2 | 2 | 50.0 | 50.0 | 48 | 28 | 71.4 |
| Quebec | 250 | 202 | 213 | 23.8 | 17.4 | 2 748 | 2 573 | 6.8 |
| Bankruptcies | 183 | 174 | 168 | 5.2 | 8.9 | 2 172 | 2 053 | 5.8 |
| Proposals | 67 | 28 | 45 | 139.3 | 48.9 | 576 | 520 | 10.8 |
| Ontario | 201 | 202 | 256 | -0.5 | -21.5 | 2 797 | 3 017 | -7.3 |
| Bankruptcies | 166 | 179 | 220 | -7.3 | -24.5 | 2 383 | 2 572 | -7.3 |
| Proposals | 35 | 23 | 36 | 52.2 | -2.8 | 414 | 445 | -7.0 |
| Manitoba | 6 | 10 | 15 | -40.0 | -60.0 | 103 | 108 | -4.6 |
| Bankruptcies | 5 | 10 | 15 | -50.0 | -66.7 | 93 | 101 | -7.9 |
| Proposals | 1 | 0 | 0 | — | — | 10 | 7 | 42.9 |
| Saskatchewan | 10 | 16 | 30 | -37.5 | -66.7 | 185 | 275 | -32.7 |
| Bankruptcies | 8 | 16 | 20 | -50.0 | -60.0 | 138 | 211 | -34.6 |
| Proposals | 2 | 0 | 10 | — | -80.0 | 47 | 64 | -26.6 |
| Alberta | 42 | 38 | 36 | 10.5 | 16.7 | 530 | 540 | -1.9 |
| Bankruptcies | 39 | 30 | 33 | 30.0 | 18.2 | 453 | 447 | 1.3 |
| Proposals | 3 | 8 | 3 | -62.5 | 0.0 | 77 | 93 | -17.2 |
| British Columbia | 29 | 50 | 37 | -42.0 | -21.6 | 532 | 555 | -4.1 |
| Bankruptcies | 25 | 41 | 31 | -39.0 | -19.4 | 448 | 451 | -0.7 |
| Proposals | 4 | 9 | 6 | -55.6 | -33.3 | 84 | 104 | -19.2 |
| Northwest Territories | 0 | 0 | 0 | — | — | 1 | 4 | -75.0 |
| Bankruptcies | 0 | 0 | 0 | — | — | 1 | 2 | -50.0 |
| Proposals | 0 | 0 | 0 | — | — | 0 | 2 | -100.0 |
| Yukon | 0 | 0 | 0 | — | — | 4 | 3 | 33.3 |
| Bankruptcies | 0 | 0 | 0 | — | — | 4 | 3 | 33.3 |
| Proposals | 0 | 0 | 0 | — | — | 0 | 0 | — |
| Nunavut | 0 | 0 | 0 | — | — | 0 | 2 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | — | — | 0 | 2 | -100.0 |
| Proposals | 0 | 0 | 0 | — | — | 0 | 0 | — |
| Canada | 567 | 553 | 629 | 2.5 | -9.9 | 7 383 | 7 577 | -2.6 |
| Bankruptcies | 448 | 478 | 525 | -6.3 | -14.7 | 6 087 | 6 287 | -3.2 |
| Proposals | 119 | 75 | 104 | 58.7 | 14.4 | 1 296 | 1 290 | 0.5 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| January 2009 | December 2008 | January 2008 | Dec. 2008 to Jan. 2009 | Jan. 2008 to Jan. 2009 | 01-31-2009 | 01-31-2008 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 15 | 28 | 24 | -46.4 | -37.5 | 336 | 345 | -2.6 |
| Bankruptcies | 11 | 24 | 19 | -54.2 | -42.1 | 269 | 289 | -6.9 |
| Proposals | 4 | 4 | 5 | 0.0 | -20.0 | 67 | 56 | 19.6 |
| Mining and Oil and Gas Extraction | 5 | 1 | 0 | 400.0 | — | 54 | 35 | 54.3 |
| Bankruptcies | 5 | 0 | 0 | — | — | 36 | 26 | 38.5 |
| Proposals | 0 | 1 | 0 | -100.0 | — | 18 | 9 | 100.0 |
| Utilities | 1 | 1 | 0 | 0.0 | — | 10 | 5 | 100.0 |
| Bankruptcies | 1 | 1 | 0 | 0.0 | — | 8 | 4 | 100.0 |
| Proposals | 0 | 0 | 0 | — | — | 2 | 1 | 100.0 |
| Construction | 90 | 73 | 102 | 23.3 | -11.8 | 1 227 | 1 277 | -3.9 |
| Bankruptcies | 77 | 69 | 85 | 11.6 | -9.4 | 1 065 | 1 078 | -1.2 |
| Proposals | 13 | 4 | 17 | 225.0 | -23.5 | 162 | 199 | -18.6 |
| Manufacturing | 72 | 58 | 58 | 24.1 | 24.1 | 807 | 769 | 4.9 |
| Bankruptcies | 39 | 49 | 46 | -20.4 | -15.2 | 619 | 596 | 3.9 |
| Proposals | 33 | 9 | 12 | 266.7 | 175.0 | 188 | 173 | 8.7 |
| Wholesale Trade | 32 | 34 | 26 | -5.9 | 23.1 | 395 | 381 | 3.7 |
| Bankruptcies | 24 | 25 | 22 | -4.0 | 9.1 | 298 | 304 | -2.0 |
| Proposals | 8 | 9 | 4 | -11.1 | 100.0 | 97 | 77 | 26.0 |
| Retail Trade | 76 | 73 | 95 | 4.1 | -20.0 | 970 | 1 073 | -9.6 |
| Bankruptcies | 66 | 65 | 75 | 1.5 | -12.0 | 828 | 889 | -6.9 |
| Proposals | 10 | 8 | 20 | 25.0 | -50.0 | 142 | 184 | -22.8 |
| Transportation and Warehousing | 41 | 52 | 72 | -21.2 | -43.1 | 752 | 715 | 5.2 |
| Bankruptcies | 33 | 42 | 62 | -21.4 | -46.8 | 623 | 613 | 1.6 |
| Proposals | 8 | 10 | 10 | -20.0 | -20.0 | 129 | 102 | 26.5 |
| Information and Cultural Industries | 14 | 11 | 11 | 27.3 | 27.3 | 137 | 126 | 8.7 |
| Bankruptcies | 12 | 10 | 9 | 20.0 | 33.3 | 104 | 102 | 2.0 |
| Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 33 | 24 | 37.5 |
| Finance and Insurance | 14 | 9 | 10 | 55.6 | 40.0 | 123 | 108 | 13.9 |
| Bankruptcies | 12 | 8 | 8 | 50.0 | 50.0 | 106 | 90 | 17.8 |
| Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 17 | 18 | -5.6 |
| Real Estate and Rental and Leasing | 21 | 11 | 11 | 90.9 | 90.9 | 172 | 174 | -1.1 |
| Bankruptcies | 16 | 9 | 6 | 77.8 | 166.7 | 142 | 145 | -2.1 |
| Proposals | 5 | 2 | 5 | 150.0 | 0.0 | 30 | 29 | 3.4 |
| Professional, Scientific and Technical Services | 24 | 47 | 36 | -48.9 | -33.3 | 460 | 462 | -0.4 |
| Bankruptcies | 21 | 44 | 28 | -52.3 | -25.0 | 365 | 383 | -4.7 |
| Proposals | 3 | 3 | 8 | 0.0 | -62.5 | 95 | 79 | 20.3 |
| Management of Companies and Enterprises | 5 | 6 | 5 | -16.7 | 0.0 | 43 | 51 | -15.7 |
| Bankruptcies | 4 | 6 | 3 | -33.3 | 33.3 | 32 | 38 | -15.8 |
| Proposals | 1 | 0 | 2 | — | -50.0 | 11 | 13 | -15.4 |
| Administrative and Support, Waste Management and Remediation Services | 22 | 19 | 25 | 15.8 | -12.0 | 298 | 329 | -9.4 |
| Bankruptcies | 18 | 14 | 25 | 28.6 | -28.0 | 249 | 273 | -8.8 |
| Proposals | 4 | 5 | 0 | -20.0 | — | 49 | 56 | -12.5 |
| Educational Services | 3 | 4 | 3 | -25.0 | 0.0 | 51 | 49 | 4.1 |
| Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 40 | 37 | 8.1 |
| Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 11 | 12 | -8.3 |
| Health Care and Social Assistance | 4 | 6 | 8 | -33.3 | -50.0 | 87 | 91 | -4.4 |
| Bankruptcies | 2 | 6 | 8 | -66.7 | -75.0 | 66 | 71 | -7.0 |
| Proposals | 2 | 0 | 0 | — | — | 21 | 20 | 5.0 |
| Arts, Entertainment and Recreation | 14 | 7 | 11 | 100.0 | 27.3 | 142 | 172 | -17.4 |
| Bankruptcies | 12 | 6 | 8 | 100.0 | 50.0 | 120 | 143 | -16.1 |
| Proposals | 2 | 1 | 3 | 100.0 | -33.3 | 22 | 29 | -24.1 |
| Accommodation and Food Services | 81 | 74 | 92 | 9.5 | -12.0 | 854 | 890 | -4.0 |
| Bankruptcies | 66 | 63 | 81 | 4.8 | -18.5 | 724 | 751 | -3.6 |
| Proposals | 15 | 11 | 11 | 36.4 | 36.4 | 130 | 139 | -6.5 |
| Other Services (except Public Administration) | 33 | 37 | 40 | -10.8 | -17.5 | 454 | 517 | -12.2 |
| Bankruptcies | 26 | 33 | 38 | -21.2 | -31.6 | 382 | 447 | -14.5 |
| Proposals | 7 | 4 | 2 | 75.0 | 250.0 | 72 | 70 | 2.9 |
| Public Administration | 0 | 2 | 0 | -100.0 | — | 11 | 8 | 37.5 |
| Bankruptcies | 0 | 2 | 0 | -100.0 | — | 11 | 8 | 37.5 |
| Proposals | 0 | 0 | 0 | — | — | 0 | 0 | — |
| Total | 567 | 553 | 629 | 2.5 | -9.9 | 7 383 | 7 577 | -2.6 |
| Bankruptcies | 448 | 478 | 525 | -6.3 | -14.7 | 6 087 | 6 287 | -3.2 |
| Proposals | 119 | 75 | 104 | 58.7 | 14.4 | 1 296 | 1 290 | 0.5 |
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