CCAA Statistics in Canada — Fourth Quarter 2009

Tables

• Table 1: Total CCAA Proceedings
• Table 2: CCAA Proceedings Filed by Province
• Table 3: CCAA Proceedings by NAICS Economic Sector, Canada

Definitions

CCAA:

The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.

Cross-Border Proceedings:

When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.

North American Industry Classification System (NAICS):

The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.

 

Table 1: Total CCAA Proceedings

	Volume				% Change
	October 2009	November 2009	December 2009	Total Q4 2009	Q3 2009 – Q4 2009
* Percentages may not add up to 100 percent as other types of liabilities, such as trust claims and contingent liabilities, are not listed. (back to footnote reference *)
Proceedings Filed
Number of proceedings filed	6	1	7	14	–
Number of filing affiliates	27	3	27	57	–
Total of companies and filing affiliates	33	4	34	71	–
Public vs. Private Companies
Publicly-Traded companies	1	-	4	5	–
Privately-Held companies	5	1	3	9	–
Cross-Border Proceedings
Foreign main proceedings	-	-	1	1	–
Foreign non-main proceedings	1	1	-	2	–
LiabilitiesFootnote *
Book value of total consolidated liabilities ($ millions)	$6 013.9	$111.6	$651.2	$6 776.7	–
Secured liabilities (%)	62.5	80.1	66.2	63.1	–
Unsecured liabilities (%)	37.5	19.9	32.9	36.8	–
Assets
Book value of total consolidated assets ($ millions)	$5 024.0	$141.3	$1 031.8	$6 197.1	–

Table 2: CCAA Proceedings Filed by Province

	Volume				% Change
	October 2009	November 2009	December 2009	Total Q4 2009	Q3 2009 – Q4 2009
Newfoundland and Labrador	-	-	-	-	–
Prince Edward Island	-	-	-	-	–
Nova Scotia	-	-	-	-	–
New Brunswick	-	-	-	-	–
Quebec	1	-	2	3	–
Ontario	3	-	4	7	–
Manitoba	-	-	-	-	–
Saskatchewan	-	1	-	1	–
Alberta	2	-	1	3	–
British Columbia	-	-	-	-	–
Northwest Territories	-	-	-	-	–
Yukon	-	-	-	-	–
Nunavut	-	-	-	-	–

Table 3: CCAA Proceedings Filed by NAICS Economic Sector, Canada Footnote **

	Volume				% Change
	October 2009	November 2009	December 2009	Total Q4 2009	Q3 2009 – Q4 2009
** Companies undergoing CCAA proceedings may report more than one NAICS code. (back to footnote reference **)
Agriculture, Forestry, Fishing and Hunting	-	1	-	1	–
Mining and Oil and Gas Extraction	1	-	1	2	–
Utilities	-	-	-	-	–
Construction	2	-	-	2	–
Manufacturing	1	-	3	4	–
Wholesale Trade	-	-	-	-	–
Retail Trade	-	-	-	-	–
Transportation and Warehousing	1	-	-	1	–
Information and Cultural Industries	1	-	1	2	–
Finance and Insurance	-	-	1	1	–
Real Estate, Rental and Leasing	-	-	-	-	–
Professional, Scientific and Technical Services	-	-	1	1	–
Management of Companies and Enterprises	-	-	-	-	–
Administrative and Support, Waste Management and Remediation Services	-	-	-	-	–
Educational Services	-	-	-	-	–
Health Care and Social Assistance	-	-	1	1	–
Arts, Entertainment and Recreation	-	-	-	-	–
Accommodation and Food Services	-	-	-	-	–
Other Services (except Public Administration)	-	-	1	1	–
Public Administration	-	-	-	-	–