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Insolvency Statistics in Canada — September 2009
Printable Version: Insolvency Statistics in Canada — September 2009 (PDF Format, 242 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 | ||||||
|---|---|---|---|---|---|---|---|---|
| Sept. 2009 | Aug. 2009 | Sept. 2008 | Aug. 2009 to Sept. 2009 | Sept. 2008 to Sept. 2009 | 09-30-2009 | 09-30-2008 | % Change | |
| Newfoundland and Labrador | 242 | 211 | 215 | 14.7 | 12.6 | 2 611 | 2 194 | 19.0 |
| Bankruptcies | 230 | 200 | 214 | 15.0 | 7.5 | 2 503 | 2 135 | 17.2 |
| Proposals | 12 | 11 | 1 | 9.1 | 1100.0 | 108 | 59 | 83.1 |
| Prince Edward Island | 44 | 36 | 49 | 22.2 | -10.2 | 548 | 419 | 30.8 |
| Bankruptcies | 42 | 34 | 48 | 23.5 | -12.5 | 520 | 392 | 32.7 |
| Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 28 | 27 | 3.7 |
| Nova Scotia | 539 | 418 | 423 | 28.9 | 27.4 | 5 323 | 4 509 | 18.1 |
| Bankruptcies | 471 | 372 | 371 | 26.6 | 27.0 | 4 654 | 3 915 | 18.9 |
| Proposals | 68 | 46 | 52 | 47.8 | 30.8 | 669 | 594 | 12.6 |
| New Brunswick | 427 | 369 | 316 | 15.7 | 35.1 | 3 928 | 3 150 | 24.7 |
| Bankruptcies | 385 | 328 | 271 | 17.4 | 42.1 | 3 374 | 2 736 | 23.3 |
| Proposals | 42 | 41 | 45 | 2.4 | -6.7 | 554 | 414 | 33.8 |
| Quebec | 4 304 | 3 363 | 3 332 | 28.0 | 29.2 | 43 635 | 35 385 | 23.3 |
| Bankruptcies | 3 641 | 2 801 | 2 784 | 30.0 | 30.8 | 36 269 | 29 141 | 24.5 |
| Proposals | 663 | 562 | 548 | 18.0 | 21.0 | 7 366 | 6 244 | 18.0 |
| Ontario | 7 085 | 5 480 | 4 895 | 29.3 | 44.7 | 68 088 | 50 010 | 36.1 |
| Bankruptcies | 5 242 | 4 024 | 3 549 | 30.3 | 47.7 | 48 993 | 36 433 | 34.5 |
| Proposals | 1 843 | 1 456 | 1 346 | 26.6 | 36.9 | 19 095 | 13 577 | 40.6 |
| Manitoba | 283 | 271 | 241 | 4.4 | 17.4 | 3 171 | 2 621 | 21.0 |
| Bankruptcies | 212 | 215 | 188 | -1.4 | 12.8 | 2 515 | 2 070 | 21.5 |
| Proposals | 71 | 56 | 53 | 26.8 | 34.0 | 656 | 551 | 19.1 |
| Saskatchewan | 269 | 224 | 158 | 20.1 | 70.3 | 2 580 | 2 021 | 27.7 |
| Bankruptcies | 214 | 156 | 127 | 37.2 | 68.5 | 1 962 | 1 548 | 26.7 |
| Proposals | 55 | 68 | 31 | -19.1 | 77.4 | 618 | 473 | 30.7 |
| Alberta | 1 443 | 1 097 | 689 | 31.5 | 109.4 | 12 130 | 7 127 | 70.2 |
| Bankruptcies | 1 198 | 915 | 558 | 30.9 | 114.7 | 10 227 | 5 799 | 76.4 |
| Proposals | 245 | 182 | 131 | 34.6 | 87.0 | 1 903 | 1 328 | 43.3 |
| British Columbia | 1 390 | 1 022 | 876 | 36.0 | 58.7 | 13 255 | 8 782 | 50.9 |
| Bankruptcies | 1 139 | 856 | 722 | 33.1 | 57.8 | 10 895 | 7 208 | 51.2 |
| Proposals | 251 | 166 | 154 | 51.2 | 63.0 | 2 360 | 1 574 | 49.9 |
| Northwest Territories | 8 | 6 | 3 | 33.3 | 166.7 | 49 | 28 | 75.0 |
| Bankruptcies | 8 | 6 | 3 | 33.3 | 166.7 | 42 | 25 | 68.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 7 | 3 | 133.3 |
| Yukon | 10 | 2 | 1 | 400.0 | 900.0 | 42 | 30 | 40.0 |
| Bankruptcies | 10 | 2 | 1 | 400.0 | 900.0 | 39 | 28 | 39.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 10 | 6 | 66.7 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 9 | 4 | 125.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 2 | -50.0 |
| Canada | 16 044 | 12 499 | 11 198 | 28.4 | 43.3 | 155 370 | 116 282 | 33.6 |
| Bankruptcies | 12 792 | 9 909 | 8 836 | 29.1 | 44.8 | 122 002 | 91 434 | 33.4 |
| Proposals | 3 252 | 2 590 | 2 362 | 25.6 | 37.7 | 33 368 | 24 848 | 34.3 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| Sept. 2009 | Aug. 2009 | Sept. 2008 | Aug. 2009 to Sept. 2009 | Sept. 2008 to Sept. 2009 | 09-30-2009 | 09-30-2008 | % Change | |
| Newfoundland and Labrador | 240 | 210 | 215 | 14.3 | 11.6 | 2 578 | 2 154 | 19.7 |
| Bankruptcies | 228 | 199 | 214 | 14.6 | 6.5 | 2 471 | 2 096 | 17.9 |
| Proposals | 12 | 11 | 1 | 9.1 | 1100.0 | 107 | 58 | 84.5 |
| Prince Edward Island | 39 | 33 | 47 | 18.2 | -17.0 | 517 | 398 | 29.9 |
| Bankruptcies | 37 | 31 | 46 | 19.4 | -19.6 | 495 | 374 | 32.4 |
| Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 22 | 24 | -8.3 |
| Nova Scotia | 531 | 406 | 413 | 30.8 | 28.6 | 5 164 | 4 294 | 20.3 |
| Bankruptcies | 464 | 363 | 361 | 27.8 | 28.5 | 4 516 | 3 726 | 21.2 |
| Proposals | 67 | 43 | 52 | 55.8 | 28.8 | 648 | 568 | 14.1 |
| New Brunswick | 418 | 358 | 292 | 16.8 | 43.2 | 3 776 | 2 916 | 29.5 |
| Bankruptcies | 378 | 322 | 251 | 17.4 | 50.6 | 3 265 | 2 541 | 28.5 |
| Proposals | 40 | 36 | 41 | 11.1 | -2.4 | 511 | 375 | 36.3 |
| Quebec | 4 120 | 3 193 | 3 113 | 29.0 | 32.3 | 41 042 | 32 688 | 25.6 |
| Bankruptcies | 3 497 | 2 675 | 2 609 | 30.7 | 34.0 | 34 263 | 26 995 | 26.9 |
| Proposals | 623 | 518 | 504 | 20.3 | 23.6 | 6 779 | 5 693 | 19.1 |
| Ontario | 6 819 | 5 303 | 4 694 | 28.6 | 45.3 | 65 410 | 47 121 | 38.8 |
| Bankruptcies | 5 007 | 3 872 | 3 365 | 29.3 | 48.8 | 46 684 | 33 967 | 37.4 |
| Proposals | 1 812 | 1 431 | 1 329 | 26.6 | 36.3 | 18 726 | 13 154 | 42.4 |
| Manitoba | 277 | 265 | 235 | 4.5 | 17.9 | 3 084 | 2 509 | 22.9 |
| Bankruptcies | 207 | 213 | 182 | -2.8 | 13.7 | 2 445 | 1 968 | 24.2 |
| Proposals | 70 | 52 | 53 | 34.6 | 32.1 | 639 | 541 | 18.1 |
| Saskatchewan | 252 | 202 | 147 | 24.8 | 71.4 | 2 360 | 1 811 | 30.3 |
| Bankruptcies | 197 | 142 | 119 | 38.7 | 65.5 | 1 788 | 1 396 | 28.1 |
| Proposals | 55 | 60 | 28 | -8.3 | 96.4 | 572 | 415 | 37.8 |
| Alberta | 1 400 | 1 058 | 653 | 32.3 | 114.4 | 11 631 | 6 626 | 75.5 |
| Bankruptcies | 1 163 | 882 | 526 | 31.9 | 121.1 | 9 809 | 5 384 | 82.2 |
| Proposals | 237 | 176 | 127 | 34.7 | 86.6 | 1 822 | 1 242 | 46.7 |
| British Columbia | 1 351 | 997 | 815 | 35.5 | 65.8 | 12 716 | 8 234 | 54.4 |
| Bankruptcies | 1 109 | 832 | 670 | 33.3 | 65.5 | 10 469 | 6 747 | 55.2 |
| Proposals | 242 | 165 | 145 | 46.7 | 66.9 | 2 247 | 1 487 | 51.1 |
| Northwest Territories | 8 | 6 | 3 | 33.3 | 166.7 | 49 | 25 | 96.0 |
| Bankruptcies | 8 | 6 | 3 | 33.3 | 166.7 | 42 | 22 | 90.9 |
| Proposals | 0 | 0 | 0 | -- | -- | 7 | 3 | 133.3 |
| Yukon | 10 | 2 | 1 | 400.0 | 900.0 | 42 | 25 | 68.0 |
| Bankruptcies | 10 | 2 | 1 | 400.0 | 900.0 | 39 | 23 | 69.6 |
| Proposals | 0 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 9 | 6 | 50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 9 | 4 | 125.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Canada | 15 465 | 12 033 | 10 628 | 28.5 | 45.5 | 148 378 | 108 807 | 36.4 |
| Bankruptcies | 12 305 | 9 539 | 8 347 | 29.0 | 47.4 | 116 295 | 85 243 | 36.4 |
| Proposals | 3 160 | 2 494 | 2 281 | 26.7 | 38.5 | 32 083 | 23 564 | 36.2 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| Sept. 2009 | Aug. 2009 | Sept. 2008 | Aug. 2009 to Sept. 2009 | Sept. 2008 to Sept. 2009 | 09-30-2009 | 09-30-2008 | % Change | |
| Newfoundland and Labrador | 2 | 1 | 0 | 100.0 | -- | 33 | 40 | -17.5 |
| Bankruptcies | 2 | 1 | 0 | 100.0 | -- | 32 | 39 | -17.9 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Prince Edward Island | 5 | 3 | 2 | 66.7 | 150.0 | 31 | 21 | 47.6 |
| Bankruptcies | 5 | 3 | 2 | 66.7 | 150.0 | 25 | 18 | 38.9 |
| Proposals | 0 | 0 | 0 | -- | -- | 6 | 3 | 100.0 |
| Nova Scotia | 8 | 12 | 10 | -33.3 | -20.0 | 159 | 215 | -26.0 |
| Bankruptcies | 7 | 9 | 10 | -22.2 | -30.0 | 138 | 189 | -27.0 |
| Proposals | 1 | 3 | 0 | -66.7 | -- | 21 | 26 | -19.2 |
| New Brunswick | 9 | 11 | 24 | -18.2 | -62.5 | 152 | 234 | -35.0 |
| Bankruptcies | 7 | 6 | 20 | 16.7 | -65.0 | 109 | 195 | -44.1 |
| Proposals | 2 | 5 | 4 | -60.0 | -50.0 | 43 | 39 | 10.3 |
| Quebec | 184 | 170 | 219 | 8.2 | -16.0 | 2 593 | 2 697 | -3.9 |
| Bankruptcies | 144 | 126 | 175 | 14.3 | -17.7 | 2 006 | 2 146 | -6.5 |
| Proposals | 40 | 44 | 44 | -9.1 | -9.1 | 587 | 551 | 6.5 |
| Ontario | 266 | 177 | 201 | 50.3 | 32.3 | 2 678 | 2 889 | -7.3 |
| Bankruptcies | 235 | 152 | 184 | 54.6 | 27.7 | 2 309 | 2 466 | -6.4 |
| Proposals | 31 | 25 | 17 | 24.0 | 82.4 | 369 | 423 | -12.8 |
| Manitoba | 6 | 6 | 6 | 0.0 | 0.0 | 87 | 112 | -22.3 |
| Bankruptcies | 5 | 2 | 6 | 150.0 | -16.7 | 70 | 102 | -31.4 |
| Proposals | 1 | 4 | 0 | -75.0 | -- | 17 | 10 | 70.0 |
| Saskatchewan | 17 | 22 | 11 | -22.7 | 54.5 | 220 | 210 | 4.8 |
| Bankruptcies | 17 | 14 | 8 | 21.4 | 112.5 | 174 | 152 | 14.5 |
| Proposals | 0 | 8 | 3 | -100.0 | -100.0 | 46 | 58 | -20.7 |
| Alberta | 43 | 39 | 36 | 10.3 | 19.4 | 499 | 501 | -0.4 |
| Bankruptcies | 35 | 33 | 32 | 6.1 | 9.4 | 418 | 415 | 0.7 |
| Proposals | 8 | 6 | 4 | 33.3 | 100.0 | 81 | 86 | -5.8 |
| British Columbia | 39 | 25 | 61 | 56.0 | -36.1 | 539 | 548 | -1.6 |
| Bankruptcies | 30 | 24 | 52 | 25.0 | -42.3 | 426 | 461 | -7.6 |
| Proposals | 9 | 1 | 9 | 800.0 | 0.0 | 113 | 87 | 29.9 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 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 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Canada | 579 | 466 | 570 | 24.2 | 1.6 | 6 992 | 7 475 | -6.5 |
| Bankruptcies | 487 | 370 | 489 | 31.6 | -0.4 | 5 707 | 6 191 | -7.8 |
| Proposals | 92 | 96 | 81 | -4.2 | 13.6 | 1 285 | 1 284 | 0.1 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| Sept. 2009 | Aug. 2009 | Sept. 2008 | Aug. 2009 to Sept. 2009 | Sept. 2008 to Sept. 2009 | 09-30-2009 | 09-30-2008 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 24 | 15 | 21 | 60.0 | 14.3 | 269 | 352 | -23.6 |
| Bankruptcies | 21 | 10 | 15 | 110.0 | 40.0 | 216 | 285 | -24.2 |
| Proposals | 3 | 5 | 6 | -40.0 | -50.0 | 53 | 67 | -20.9 |
| Mining and Oil and Gas Extraction | 4 | 2 | 2 | 100.0 | 100.0 | 56 | 53 | 5.7 |
| Bankruptcies | 4 | 2 | 1 | 100.0 | 300.0 | 38 | 33 | 15.2 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 18 | 20 | -10.0 |
| Utilities | 0 | 1 | 0 | -100.0 | -- | 21 | 5 | 320.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 16 | 4 | 300.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 5 | 1 | 400.0 |
| Construction | 96 | 69 | 77 | 39.1 | 24.7 | 1 056 | 1 236 | -14.6 |
| Bankruptcies | 80 | 63 | 68 | 27.0 | 17.6 | 907 | 1 062 | -14.6 |
| Proposals | 16 | 6 | 9 | 166.7 | 77.8 | 149 | 174 | -14.4 |
| Manufacturing | 71 | 50 | 65 | 42.0 | 9.2 | 794 | 769 | 3.3 |
| Bankruptcies | 60 | 35 | 56 | 71.4 | 7.1 | 618 | 597 | 3.5 |
| Proposals | 11 | 15 | 9 | -26.7 | 22.2 | 176 | 172 | 2.3 |
| Wholesale Trade | 22 | 32 | 28 | -31.3 | -21.4 | 384 | 370 | 3.8 |
| Bankruptcies | 18 | 29 | 25 | -37.9 | -28.0 | 306 | 292 | 4.8 |
| Proposals | 4 | 3 | 3 | 33.3 | 33.3 | 78 | 78 | 0.0 |
| Retail Trade | 95 | 52 | 73 | 82.7 | 30.1 | 972 | 1 036 | -6.2 |
| Bankruptcies | 76 | 45 | 61 | 68.9 | 24.6 | 807 | 872 | -7.5 |
| Proposals | 19 | 7 | 12 | 171.4 | 58.3 | 165 | 164 | 0.6 |
| Transportation and Warehousing | 51 | 59 | 57 | -13.6 | -10.5 | 648 | 784 | -17.3 |
| Bankruptcies | 46 | 40 | 51 | 15.0 | -9.8 | 519 | 666 | -22.1 |
| Proposals | 5 | 19 | 6 | -73.7 | -16.7 | 129 | 118 | 9.3 |
| Information and Cultural Industries | 7 | 14 | 6 | -50.0 | 16.7 | 124 | 133 | -6.8 |
| Bankruptcies | 4 | 13 | 3 | -69.2 | 33.3 | 93 | 102 | -8.8 |
| Proposals | 3 | 1 | 3 | 200.0 | 0.0 | 31 | 31 | 0.0 |
| Finance and Insurance | 6 | 13 | 10 | -53.8 | -40.0 | 143 | 120 | 19.2 |
| Bankruptcies | 6 | 11 | 9 | -45.5 | -33.3 | 114 | 104 | 9.6 |
| Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 29 | 16 | 81.3 |
| Real Estate and Rental and Leasing | 17 | 10 | 22 | 70.0 | -22.7 | 193 | 171 | 12.9 |
| Bankruptcies | 12 | 5 | 18 | 140.0 | -33.3 | 142 | 137 | 3.6 |
| Proposals | 5 | 5 | 4 | 0.0 | 25.0 | 51 | 34 | 50.0 |
| Professional, Scientific and Technical Services | 41 | 18 | 44 | 127.8 | -6.8 | 436 | 443 | -1.6 |
| Bankruptcies | 35 | 16 | 39 | 118.8 | -10.3 | 366 | 350 | 4.6 |
| Proposals | 6 | 2 | 5 | 200.0 | 20.0 | 70 | 93 | -24.7 |
| Management of Companies and Enterprises | 1 | 2 | 3 | -50.0 | -66.7 | 42 | 34 | 23.5 |
| Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 34 | 23 | 47.8 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 8 | 11 | -27.3 |
| Administrative and Support, Waste Management and Remediation Services | 24 | 17 | 22 | 41.2 | 9.1 | 294 | 301 | -2.3 |
| Bankruptcies | 23 | 14 | 19 | 64.3 | 21.1 | 252 | 249 | 1.2 |
| Proposals | 1 | 3 | 3 | -66.7 | -66.7 | 42 | 52 | -19.2 |
| Educational Services | 7 | 1 | 4 | 600.0 | 75.0 | 48 | 44 | 9.1 |
| Bankruptcies | 7 | 1 | 4 | 600.0 | 75.0 | 38 | 37 | 2.7 |
| Proposals | 0 | 0 | 0 | -- | -- | 10 | 7 | 42.9 |
| Health Care and Social Assistance | 3 | 12 | 12 | -75.0 | -75.0 | 80 | 99 | -19.2 |
| Bankruptcies | 3 | 11 | 11 | -72.7 | -72.7 | 63 | 80 | -21.3 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 17 | 19 | -10.5 |
| Arts, Entertainment and Recreation | 16 | 8 | 9 | 100.0 | 77.8 | 145 | 159 | -8.8 |
| Bankruptcies | 15 | 7 | 8 | 114.3 | 87.5 | 129 | 133 | -3.0 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 16 | 26 | -38.5 |
| Accommodation and Food Services | 64 | 64 | 69 | 0.0 | -7.2 | 842 | 877 | -4.0 |
| Bankruptcies | 51 | 44 | 60 | 15.9 | -15.0 | 671 | 747 | -10.2 |
| Proposals | 13 | 20 | 9 | -35.0 | 44.4 | 171 | 130 | 31.5 |
| Other Services (except Public Administration) | 29 | 26 | 45 | 11.5 | -35.6 | 438 | 478 | -8.4 |
| Bankruptcies | 25 | 21 | 38 | 19.0 | -34.2 | 373 | 407 | -8.4 |
| Proposals | 4 | 5 | 7 | -20.0 | -42.9 | 65 | 71 | -8.5 |
| Public Administration | 1 | 1 | 1 | 0.0 | 0.0 | 6 | 11 | -45.5 |
| Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 4 | 11 | -63.6 |
| Proposals | 1 | 0 | 0 | -- | -- | 2 | 0 | -- |
| Total | 579 | 466 | 570 | 24.2 | 1.6 | 6 992 | 7 475 | -6.5 |
| Bankruptcies | 487 | 370 | 489 | 31.6 | -0.4 | 5 707 | 6 191 | -7.8 |
| Proposals | 92 | 96 | 81 | -4.2 | 13.6 | 1 285 | 1 284 | 0.1 |
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