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Insolvency Statistics in Canada — June 2009
Printable Version: Insolvency Statistics in Canada — June 2009 (PDF Format 122 KB)
Note:
Monthly statistics for insolvency volumes tend to vary widely.
Quarterly and annual statistics can be more indicative of the evolution
of insolvency volumes.
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 | ||||||
|---|---|---|---|---|---|---|---|---|
| June 2009 | May 2009 | June 2008 | May 2009 to June 2009 | June 2008 to June 2009 | 06-30-2009 | 06-30-2008 | % Change | |
| Newfoundland and Labrador | 256 | 238 | 184 | 7.6 | 39.1 | 2 539 | 2 143 | 18.5 |
| Bankruptcies | 251 | 231 | 176 | 8.7 | 42.6 | 2 456 | 2 077 | 18.2 |
| Proposals | 5 | 7 | 8 | -28.6 | -37.5 | 83 | 66 | 25.8 |
| Prince Edward Island | 65 | 37 | 35 | 75.7 | 85.7 | 545 | 388 | 40.5 |
| Bankruptcies | 63 | 33 | 35 | 90.9 | 80.0 | 518 | 358 | 44.7 |
| Proposals | 2 | 4 | 0 | -50.0 | -- | 27 | 30 | -10.0 |
| Nova Scotia | 493 | 420 | 411 | 17.4 | 20.0 | 5 020 | 4 353 | 15.3 |
| Bankruptcies | 440 | 376 | 369 | 17.0 | 19.2 | 4 373 | 3 772 | 15.9 |
| Proposals | 53 | 44 | 42 | 20.5 | 26.2 | 647 | 581 | 11.4 |
| New Brunswick | 371 | 307 | 254 | 20.8 | 46.1 | 3 655 | 2 964 | 23.3 |
| Bankruptcies | 320 | 259 | 224 | 23.6 | 42.9 | 3 103 | 2 577 | 20.4 |
| Proposals | 51 | 48 | 30 | 6.3 | 70.0 | 552 | 387 | 42.6 |
| Quebec | 3 787 | 3 672 | 2 667 | 3.1 | 42.0 | 41 412 | 34 185 | 21.1 |
| Bankruptcies | 3 217 | 3 036 | 2 179 | 6.0 | 47.6 | 34 228 | 28 285 | 21.0 |
| Proposals | 570 | 636 | 488 | -10.4 | 16.8 | 7 184 | 5 900 | 21.8 |
| Ontario | 6 392 | 5 874 | 4 239 | 8.8 | 50.8 | 62 786 | 48 130 | 30.5 |
| Bankruptcies | 4 543 | 4 238 | 3 070 | 7.2 | 48.0 | 45 115 | 35 174 | 28.3 |
| Proposals | 1 849 | 1 636 | 1 169 | 13.0 | 58.2 | 17 671 | 12 956 | 36.4 |
| Manitoba | 286 | 272 | 223 | 5.1 | 28.3 | 3 022 | 2 580 | 17.1 |
| Bankruptcies | 233 | 228 | 176 | 2.2 | 32.4 | 2 389 | 2 064 | 15.7 |
| Proposals | 53 | 44 | 47 | 20.5 | 12.8 | 633 | 516 | 22.7 |
| Saskatchewan | 283 | 215 | 142 | 31.6 | 99.3 | 2 398 | 2 008 | 19.4 |
| Bankruptcies | 213 | 173 | 104 | 23.1 | 104.8 | 1 857 | 1 505 | 23.4 |
| Proposals | 70 | 42 | 38 | 66.7 | 84.2 | 541 | 503 | 7.6 |
| Alberta | 1 246 | 1 030 | 665 | 21.0 | 87.4 | 10 454 | 6 717 | 55.6 |
| Bankruptcies | 1 054 | 881 | 560 | 19.6 | 88.2 | 8 811 | 5 435 | 62.1 |
| Proposals | 192 | 149 | 105 | 28.9 | 82.9 | 1 643 | 1 282 | 28.2 |
| British Columbia | 1 227 | 1 143 | 711 | 7.3 | 72.6 | 11 968 | 8 379 | 42.8 |
| Bankruptcies | 994 | 904 | 579 | 10.0 | 71.7 | 9 842 | 6 883 | 43.0 |
| Proposals | 233 | 239 | 132 | -2.5 | 76.5 | 2 126 | 1 496 | 42.1 |
| Northwest Territories | 7 | 1 | 3 | 600.0 | 133.3 | 39 | 30 | 30.0 |
| Bankruptcies | 5 | 1 | 3 | 400.0 | 66.7 | 32 | 25 | 28.0 |
| Proposals | 2 | 0 | 0 | -- | -- | 7 | 5 | 40.0 |
| Yukon | 2 | 2 | 3 | 0.0 | -33.3 | 35 | 28 | 25.0 |
| Bankruptcies | 2 | 2 | 2 | 0.0 | 0.0 | 31 | 27 | 14.8 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 4 | 1 | 300.0 |
| Nunavut | 3 | 2 | 1 | 50.0 | 200.0 | 10 | 5 | 100.0 |
| Bankruptcies | 3 | 2 | 1 | 50.0 | 200.0 | 10 | 3 | 233.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Canada | 14 418 | 13 213 | 9 538 | 9.1 | 51.2 | 143 883 | 111 910 | 28.6 |
| Bankruptcies | 11 338 | 10 364 | 7 478 | 9.4 | 51.6 | 112 765 | 88 185 | 27.9 |
| Proposals | 3 080 | 2 849 | 2 060 | 8.1 | 49.5 | 31 118 | 23 725 | 31.2 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| June 2009 | May 2009 | June 2008 | May 2009 to June 2009 | June 2008 to June 2009 | 06-30-2009 | 06-30-2008 | % Change | |
| Newfoundland and Labrador | 250 | 230 | 179 | 8.7 | 39.7 | 2 504 | 2 098 | 19.4 |
| Bankruptcies | 246 | 223 | 172 | 10.3 | 43.0 | 2 422 | 2 034 | 19.1 |
| Proposals | 4 | 7 | 7 | -42.9 | -42.9 | 82 | 64 | 28.1 |
| Prince Edward Island | 58 | 37 | 33 | 56.8 | 75.8 | 519 | 365 | 42.2 |
| Bankruptcies | 58 | 33 | 33 | 75.8 | 75.8 | 498 | 340 | 46.5 |
| Proposals | 0 | 4 | 0 | -100.0 | -- | 21 | 25 | -16.0 |
| Nova Scotia | 469 | 408 | 396 | 15.0 | 18.4 | 4 844 | 4 145 | 16.9 |
| Bankruptcies | 417 | 366 | 358 | 13.9 | 16.5 | 4 219 | 3 589 | 17.6 |
| Proposals | 52 | 42 | 38 | 23.8 | 36.8 | 625 | 556 | 12.4 |
| New Brunswick | 362 | 293 | 239 | 23.5 | 51.5 | 3 472 | 2 755 | 26.0 |
| Bankruptcies | 312 | 248 | 211 | 25.8 | 47.9 | 2 961 | 2 402 | 23.3 |
| Proposals | 50 | 45 | 28 | 11.1 | 78.6 | 511 | 353 | 44.8 |
| Quebec | 3 574 | 3 457 | 2 492 | 3.4 | 43.4 | 38 709 | 31 547 | 22.7 |
| Bankruptcies | 3 046 | 2 876 | 2 036 | 5.9 | 49.6 | 32 152 | 26 163 | 22.9 |
| Proposals | 528 | 581 | 456 | -9.1 | 15.8 | 6 557 | 5 384 | 21.8 |
| Ontario | 6 160 | 5 681 | 4 024 | 8.4 | 53.1 | 60 142 | 45 138 | 33.2 |
| Bankruptcies | 4 345 | 4 067 | 2 885 | 6.8 | 50.6 | 42 855 | 32 617 | 31.4 |
| Proposals | 1 815 | 1 614 | 1 139 | 12.5 | 59.4 | 17 287 | 12 521 | 38.1 |
| Manitoba | 277 | 258 | 212 | 7.4 | 30.7 | 2 930 | 2 474 | 18.4 |
| Bankruptcies | 224 | 214 | 167 | 4.7 | 34.1 | 2 309 | 1 969 | 17.3 |
| Proposals | 53 | 44 | 45 | 20.5 | 17.8 | 621 | 505 | 23.0 |
| Saskatchewan | 257 | 190 | 130 | 35.3 | 97.7 | 2 192 | 1 774 | 23.6 |
| Bankruptcies | 197 | 152 | 94 | 29.6 | 109.6 | 1 697 | 1 331 | 27.5 |
| Proposals | 60 | 38 | 36 | 57.9 | 66.7 | 495 | 443 | 11.7 |
| Alberta | 1 205 | 982 | 603 | 22.7 | 99.8 | 9 960 | 6 207 | 60.5 |
| Bankruptcies | 1 021 | 847 | 505 | 20.5 | 102.2 | 8 389 | 5 022 | 67.0 |
| Proposals | 184 | 135 | 98 | 36.3 | 87.8 | 1 571 | 1 185 | 32.6 |
| British Columbia | 1 168 | 1 098 | 673 | 6.4 | 73.6 | 11 393 | 7 854 | 45.1 |
| Bankruptcies | 947 | 869 | 546 | 9.0 | 73.4 | 9 358 | 6 457 | 44.9 |
| Proposals | 221 | 229 | 127 | -3.5 | 74.0 | 2 035 | 1 397 | 45.7 |
| Northwest Territories | 7 | 1 | 3 | 600.0 | 133.3 | 39 | 25 | 56.0 |
| Bankruptcies | 5 | 1 | 3 | 400.0 | 66.7 | 32 | 22 | 45.5 |
| Proposals | 2 | 0 | 0 | -- | -- | 7 | 3 | 133.3 |
| Yukon | 2 | 2 | 3 | 0.0 | -33.3 | 35 | 23 | 52.2 |
| Bankruptcies | 2 | 2 | 2 | 0.0 | 0.0 | 31 | 22 | 40.9 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 4 | 1 | 300.0 |
| Nunavut | 3 | 2 | 1 | 50.0 | 200.0 | 10 | 5 | 100.0 |
| Bankruptcies | 3 | 2 | 1 | 50.0 | 200.0 | 10 | 3 | 233.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Canada | 13 792 | 12 639 | 8 988 | 9.1 | 53.4 | 136 749 | 104 410 | 31.0 |
| Bankruptcies | 10 823 | 9 900 | 7 013 | 9.3 | 54.3 | 106 933 | 81 971 | 30.5 |
| Proposals | 2 969 | 2 739 | 1 975 | 8.4 | 50.3 | 29 816 | 22 439 | 32.9 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| June 2009 | May 2009 | June 2008 | May 2009 to June 2009 | June 2008 to June 2009 | 06-30-2009 | 06-30-2008 | % Change | |
| Newfoundland and Labrador | 6 | 8 | 5 | -25.0 | 20.0 | 35 | 45 | -22.2 |
| Bankruptcies | 5 | 8 | 4 | -37.5 | 25.0 | 34 | 43 | -20.9 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 1 | 2 | -50.0 |
| Prince Edward Island | 7 | 0 | 2 | -- | 250.0 | 26 | 23 | 13.0 |
| Bankruptcies | 5 | 0 | 2 | -- | 150.0 | 20 | 18 | 11.1 |
| Proposals | 2 | 0 | 0 | -- | -- | 6 | 5 | 20.0 |
| Nova Scotia | 24 | 12 | 15 | 100.0 | 60.0 | 176 | 208 | -15.4 |
| Bankruptcies | 23 | 10 | 11 | 130.0 | 109.1 | 154 | 183 | -15.8 |
| Proposals | 1 | 2 | 4 | -50.0 | -75.0 | 22 | 25 | -12.0 |
| New Brunswick | 9 | 14 | 15 | -35.7 | -40.0 | 183 | 209 | -12.4 |
| Bankruptcies | 8 | 11 | 13 | -27.3 | -38.5 | 142 | 175 | -18.9 |
| Proposals | 1 | 3 | 2 | -66.7 | -50.0 | 41 | 34 | 20.6 |
| Quebec | 213 | 215 | 175 | -0.9 | 21.7 | 2 703 | 2 638 | 2.5 |
| Bankruptcies | 171 | 160 | 143 | 6.9 | 19.6 | 2 076 | 2 122 | -2.2 |
| Proposals | 42 | 55 | 32 | -23.6 | 31.3 | 627 | 516 | 21.5 |
| Ontario | 232 | 193 | 215 | 20.2 | 7.9 | 2 644 | 2 992 | -11.6 |
| Bankruptcies | 198 | 171 | 185 | 15.8 | 7.0 | 2 260 | 2 557 | -11.6 |
| Proposals | 34 | 22 | 30 | 54.5 | 13.3 | 384 | 435 | -11.7 |
| Manitoba | 9 | 14 | 11 | -35.7 | -18.2 | 92 | 106 | -13.2 |
| Bankruptcies | 9 | 14 | 9 | -35.7 | 0.0 | 80 | 95 | -15.8 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 12 | 11 | 9.1 |
| Saskatchewan | 26 | 25 | 12 | 4.0 | 116.7 | 206 | 234 | -12.0 |
| Bankruptcies | 16 | 21 | 10 | -23.8 | 60.0 | 160 | 174 | -8.0 |
| Proposals | 10 | 4 | 2 | 150.0 | 400.0 | 46 | 60 | -23.3 |
| Alberta | 41 | 48 | 62 | -14.6 | -33.9 | 494 | 510 | -3.1 |
| Bankruptcies | 33 | 34 | 55 | -2.9 | -40.0 | 422 | 413 | 2.2 |
| Proposals | 8 | 14 | 7 | -42.9 | 14.3 | 72 | 97 | -25.8 |
| British Columbia | 59 | 45 | 38 | 31.1 | 55.3 | 575 | 525 | 9.5 |
| Bankruptcies | 47 | 35 | 33 | 34.3 | 42.4 | 484 | 426 | 13.6 |
| Proposals | 12 | 10 | 5 | 20.0 | 140.0 | 91 | 99 | -8.1 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Yukon | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 626 | 574 | 550 | 9.1 | 13.8 | 7 134 | 7 500 | -4.9 |
| Bankruptcies | 515 | 464 | 465 | 11.0 | 10.8 | 5 832 | 6 214 | -6.1 |
| Proposals | 111 | 110 | 85 | 0.9 | 30.6 | 1 302 | 1 286 | 1.2 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| June 2009 | May 2009 | June 2008 | May 2009 to June 2009 | June 2008 to June 2009 | 06-30-2009 | 06-30-2008 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 36 | 26 | 22 | 38.5 | 63.6 | 293 | 365 | -19.7 |
| Bankruptcies | 30 | 23 | 21 | 30.4 | 42.9 | 240 | 293 | -18.1 |
| Proposals | 6 | 3 | 1 | 100.0 | 500.0 | 53 | 72 | -26.4 |
| Mining and Oil and Gas Extraction | 14 | 8 | 10 | 75.0 | 40.0 | 57 | 51 | 11.8 |
| Bankruptcies | 6 | 7 | 5 | -14.3 | 20.0 | 36 | 32 | 12.5 |
| Proposals | 8 | 1 | 5 | 700.0 | 60.0 | 21 | 19 | 10.5 |
| Utilities | 4 | 2 | 1 | 100.0 | 300.0 | 22 | 4 | 450.0 |
| Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 16 | 3 | 433.3 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 6 | 1 | 500.0 |
| Construction | 78 | 78 | 96 | 0.0 | -18.8 | 1 083 | 1 247 | -13.2 |
| Bankruptcies | 66 | 63 | 83 | 4.8 | -20.5 | 934 | 1 065 | -12.3 |
| Proposals | 12 | 15 | 13 | -20.0 | -7.7 | 149 | 182 | -18.1 |
| Manufacturing | 73 | 52 | 63 | 40.4 | 15.9 | 791 | 774 | 2.2 |
| Bankruptcies | 57 | 37 | 51 | 54.1 | 11.8 | 608 | 595 | 2.2 |
| Proposals | 16 | 15 | 12 | 6.7 | 33.3 | 183 | 179 | 2.2 |
| Wholesale Trade | 38 | 28 | 32 | 35.7 | 18.8 | 386 | 373 | 3.5 |
| Bankruptcies | 35 | 25 | 23 | 40.0 | 52.2 | 301 | 293 | 2.7 |
| Proposals | 3 | 3 | 9 | 0.0 | -66.7 | 85 | 80 | 6.3 |
| Retail Trade | 94 | 87 | 53 | 8.0 | 77.4 | 987 | 1 056 | -6.5 |
| Bankruptcies | 73 | 72 | 47 | 1.4 | 55.3 | 819 | 887 | -7.7 |
| Proposals | 21 | 15 | 6 | 40.0 | 250.0 | 168 | 169 | -0.6 |
| Transportation and Warehousing | 52 | 55 | 59 | -5.5 | -11.9 | 686 | 736 | -6.8 |
| Bankruptcies | 48 | 43 | 51 | 11.6 | -5.9 | 562 | 625 | -10.1 |
| Proposals | 4 | 12 | 8 | -66.7 | -50.0 | 124 | 111 | 11.7 |
| Information and Cultural Industries | 14 | 6 | 6 | 133.3 | 133.3 | 121 | 138 | -12.3 |
| Bankruptcies | 10 | 4 | 4 | 150.0 | 150.0 | 87 | 113 | -23.0 |
| Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 34 | 25 | 36.0 |
| Finance and Insurance | 16 | 12 | 10 | 33.3 | 60.0 | 143 | 120 | 19.2 |
| Bankruptcies | 14 | 8 | 8 | 75.0 | 75.0 | 112 | 105 | 6.7 |
| Proposals | 2 | 4 | 2 | -50.0 | 0.0 | 31 | 15 | 106.7 |
| Real Estate and Rental and Leasing | 13 | 19 | 11 | -31.6 | 18.2 | 200 | 149 | 34.2 |
| Bankruptcies | 11 | 11 | 9 | 0.0 | 22.2 | 154 | 119 | 29.4 |
| Proposals | 2 | 8 | 2 | -75.0 | 0.0 | 46 | 30 | 53.3 |
| Professional, Scientific and Technical Services | 34 | 42 | 33 | -19.0 | 3.0 | 452 | 453 | -0.2 |
| Bankruptcies | 30 | 33 | 26 | -9.1 | 15.4 | 377 | 362 | 4.1 |
| Proposals | 4 | 9 | 7 | -55.6 | -42.9 | 75 | 91 | -17.6 |
| Management of Companies and Enterprises | 3 | 3 | 1 | 0.0 | 200.0 | 42 | 37 | 13.5 |
| Bankruptcies | 3 | 2 | 1 | 50.0 | 200.0 | 32 | 28 | 14.3 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 10 | 9 | 11.1 |
| Administrative and Support, Waste Management and Remediation Services | 21 | 27 | 23 | -22.2 | -8.7 | 303 | 302 | 0.3 |
| Bankruptcies | 18 | 24 | 21 | -25.0 | -14.3 | 253 | 250 | 1.2 |
| Proposals | 3 | 3 | 2 | 0.0 | 50.0 | 50 | 52 | -3.8 |
| Educational Services | 4 | 4 | 7 | 0.0 | -42.9 | 47 | 48 | -2.1 |
| Bankruptcies | 4 | 3 | 5 | 33.3 | -20.0 | 37 | 38 | -2.6 |
| Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 10 | 10 | 0.0 |
| Health Care and Social Assistance | 6 | 5 | 6 | 20.0 | 0.0 | 89 | 95 | -6.3 |
| Bankruptcies | 5 | 5 | 6 | 0.0 | -16.7 | 70 | 74 | -5.4 |
| Proposals | 1 | 0 | 0 | -- | -- | 19 | 21 | -9.5 |
| Arts, Entertainment and Recreation | 12 | 9 | 17 | 33.3 | -29.4 | 135 | 171 | -21.1 |
| Bankruptcies | 10 | 7 | 14 | 42.9 | -28.6 | 115 | 143 | -19.6 |
| Proposals | 2 | 2 | 3 | 0.0 | -33.3 | 20 | 28 | -28.6 |
| Accommodation and Food Services | 70 | 62 | 63 | 12.9 | 11.1 | 831 | 889 | -6.5 |
| Bankruptcies | 63 | 51 | 56 | 23.5 | 12.5 | 691 | 757 | -8.7 |
| Proposals | 7 | 11 | 7 | -36.4 | 0.0 | 140 | 132 | 6.1 |
| Other Services (except Public Administration) | 43 | 48 | 35 | -10.4 | 22.9 | 458 | 483 | -5.2 |
| Bankruptcies | 29 | 44 | 31 | -34.1 | -6.5 | 381 | 423 | -9.9 |
| Proposals | 14 | 4 | 4 | 250.0 | 250.0 | 77 | 60 | 28.3 |
| Public Administration | 1 | 0 | 2 | -- | -50.0 | 7 | 9 | -22.2 |
| Bankruptcies | 1 | 0 | 2 | -- | -50.0 | 6 | 9 | -33.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Total | 626 | 574 | 550 | 9.1 | 13.8 | 7 134 | 7 500 | -4.9 |
| Bankruptcies | 515 | 464 | 465 | 11.0 | 10.8 | 5 832 | 6 214 | -6.1 |
| Proposals | 111 | 110 | 85 | 0.9 | 30.6 | 1 302 | 1 286 | 1.2 |
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