Archived — Insolvency Statistics in Canada—November 2010

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Insolvency Statistics—November 2010

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Archived

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Note

Monthly statistics for insolvency volumes tend to vary widely. Quarterly and annual statistics can be more indicative of the evolution of insolvency volumes.

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 a 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.
Table 1: Total Insolvencies
Province Volume % Change 12-Month Period Ending
Nov. 2010 Oct. 2010 Nov. 2009 Oct. 2010 to Nov. 2010 Nov. 2009 to Nov. 2010 11-30-2010 11-30-2009 % Change
Newfoundland and Labrador 220 215 193 2.3 14.0 2,520 2,660 -5.3
Bankruptcies 213 208 184 2.4 15.8 2,383 2,543 -6.3
Proposals 7 7 9 0.0 -22.2 137 117 17.1
Prince Edward Island 51 53 56 -3.8 -8.9 600 570 5.3
Bankruptcies 50 46 45 8.7 11.1 534 532 0.4
Proposals 1 7 11 -85.7 -90.9 66 38 73.7
Nova Scotia 472 445 428 6.1 10.3 5,319 5,409 -1.7
Bankruptcies 373 357 361 4.5 3.3 4,333 4,698 -7.8
Proposals 99 88 67 12.5 47.8 986 711 38.7
New Brunswick 335 257 318 30.4 5.3 3,778 3,969 -4.8
Bankruptcies 285 212 251 34.4 13.5 3,169 3,387 -6.4
Proposals 50 45 67 11.1 -25.4 609 582 4.6
Quebec 3,710 3,393 3,542 9.3 4.7 40,059 43,993 -8.9
Bankruptcies 2,675 2,629 2,653 1.7 0.8 29,765 36,007 -17.3
Proposals 1,035 764 889 35.5 16.4 10,294 7,986 28.9
Ontario 5,144 4,918 5,688 4.6 -9.6 59,131 69,201 -14.6
Bankruptcies 2,801 2,785 3,540 0.6 -20.9 35,337 48,904 -27.7
Proposals 2,343 2,133 2,148 9.8 9.1 23,794 20,297 17.2
Manitoba 251 222 249 13.1 0.8 2,771 3,191 -13.2
Bankruptcies 183 164 185 11.6 -1.1 2,086 2,518 -17.2
Proposals 68 58 64 17.2 6.3 685 673 1.8
Saskatchewan 193 192 178 0.5 8.4 2,504 2,605 -3.9
Bankruptcies 121 119 126 1.7 -4.0 1,651 1,939 -14.9
Proposals 72 73 52 -1.4 38.5 853 666 28.1
Alberta 932 968 935 -3.7 -0.3 11,411 12,438 -8.3
Bankruptcies 686 724 718 -5.2 -4.5 8,631 10,361 -16.7
Proposals 246 244 217 0.8 13.4 2,780 2,077 33.8
British Columbia 1,114 1,142 1,034 -2.5 7.7 12,934 13,549 -4.5
Bankruptcies 838 884 811 -5.2 3.3 9,869 11,010 -10.4
Proposals 276 258 223 7.0 23.8 3,065 2,539 20.7
Northwest Territories 1 5 0 -80.0 44 48 -8.3
Bankruptcies 1 5 0 -80.0 32 40 -20.0
Proposals 0 0 0 12 8 50.0
Yukon 4 1 6 300.0 -33.3 36 45 -20.0
Bankruptcies 2 1 4 100.0 -50.0 27 40 -32.5
Proposals 2 0 2 0.0 9 5 80.0
Nunavut 0 2 0 -100.0 4 10 -60.0
Bankruptcies 0 2 0 -100.0 3 9 -66.7
Proposals 0 0 0 1 1 0.0
Canada 12,427 11,813 12,627 5.2 -1.6 141,111 157,688 -10.5
Bankruptcies 8,228 8,136 8,878 1.1 -7.3 97,820 121,988 -19.8
Proposals 4,199 3,677 3,749 14.2 12.0 43,291 35,700 21.3
Table 2: Insolvencies Filed by Consumers
  Volume % Change 12-Month Period Ending
Nov. 2010 Oct. 2010 Nov. 2009 Oct. 2010 to Nov. 2010 Nov. 2009 to Nov. 2010 11-30-2010 11-30-2009 % Change
Newfoundland and Labrador 218 214 192 1.9 13.5 2,500 2,622 -4.7
Bankruptcies 211 207 183 1.9 15.3 2,363 2,506 -5.7
Proposals 7 7 9 0.0 -22.2 137 116 18.1
Prince Edward Island 50 46 53 8.7 -5.7 578 538 7.4
Bankruptcies 49 42 42 16.7 16.7 517 505 2.4
Proposals 1 4 11 -75.0 -90.9 61 33 84.8
Nova Scotia 459 432 410 6.3 12.0 5,154 5,246 -1.8
Bankruptcies 360 345 344 4.3 4.7 4,198 4,555 -7.8
Proposals 99 87 66 13.8 50.0 956 691 38.4
New Brunswick 329 247 306 33.2 7.5 3,692 3,828 -3.6
Bankruptcies 279 204 240 36.8 16.3 3,098 3,277 -5.5
Proposals 50 43 66 16.3 -24.2 594 551 7.8
Quebec 3,530 3,245 3,328 8.8 6.1 37,969 41,444 -8.4
Bankruptcies 2,537 2,513 2,499 1.0 1.5 28,266 34,070 -17.0
Proposals 993 732 829 35.7 19.8 9,703 7,374 31.6
Ontario 4,988 4,790 5,508 4.1 -9.4 57,234 66,615 -14.1
Bankruptcies 2,681 2,685 3,393 -0.1 -21.0 33,774 46,665 -27.6
Proposals 2,307 2,105 2,115 9.6 9.1 23,460 19,950 17.6
Manitoba 245 214 241 14.5 1.7 2,688 3,102 -13.3
Bankruptcies 177 157 180 12.7 -1.7 2,016 2,449 -17.7
Proposals 68 57 61 19.3 11.5 672 653 2.9
Saskatchewan 182 181 162 0.6 12.3 2,351 2,390 -1.6
Bankruptcies 113 111 119 1.8 -5.0 1,547 1,775 -12.8
Proposals 69 70 43 -1.4 60.5 804 615 30.7
Alberta 909 936 897 -2.9 1.3 10,961 11,950 -8.3
Bankruptcies 667 700 686 -4.7 -2.8 8,265 9,958 -17.0
Proposals 242 236 211 2.5 14.7 2,696 1,992 35.3
British Columbia 1,089 1,129 1,010 -3.5 7.8 12,646 13,037 -3.0
Bankruptcies 816 872 792 -6.4 3.0 9,633 10,609 -9.2
Proposals 273 257 218 6.2 25.2 3,013 2,428 24.1
Northwest Territories 1 5 0 -80.0 43 48 -10.4
Bankruptcies 1 5 0 -80.0 32 40 -20.0
Proposals 0 0 0 11 8 37.5
Yukon 3 1 4 200.0 -25.0 34 43 -20.9
Bankruptcies 2 1 4 100.0 -50.0 27 40 -32.5
Proposals 1 0 0 7 3 133.3
Nunavut 0 2 0 -100.0 4 9 -55.6
Bankruptcies 0 2 0 -100.0 3 9 -66.7
Proposals 0 0 0 1 0
Canada 12,003 11,442 12,111 4.9 -0.9 135,854 150,872 -10.0
Bankruptcies 7,893 7,844 8,482 0.6 -6.9 93,739 116,458 -19.5
Proposals 4,110 3,598 3,629 14.2 13.3 42,115 34,414 22.4
Table 3: Insolvencies Filed by Businesses
  Volume % Change 12-Month Period Ending
Nov. 2010 Oct. 2010 Nov. 2009 Oct. 2010 to Nov. 2010 Nov. 2009 to Nov. 2010 11-30-2010 11-30-2009 % Change
Newfoundland and Labrador 2 1 1 100.0 100.0 20 38 -47.4
Bankruptcies 2 1 1 100.0 100.0 20 37 -45.9
Proposals 0 0 0 0 1 -100.0
Prince Edward Island 1 7 3 -85.7 -66.7 22 32 -31.3
Bankruptcies 1 4 3 -75.0 -66.7 17 27 -37.0
Proposals 0 3 0 -100.0 5 5 0.0
Nova Scotia 13 13 18 0.0 -27.8 165 163 1.2
Bankruptcies 13 12 17 8.3 -23.5 135 143 -5.6
Proposals 0 1 1 -100.0 -100.0 30 20 50.0
New Brunswick 6 10 12 -40.0 -50.0 86 141 -39.0
Bankruptcies 6 8 11 -25.0 -45.5 71 110 -35.5
Proposals 0 2 1 -100.0 -100.0 15 31 -51.6
Quebec 180 148 214 21.6 -15.9 2,090 2,549 -18.0
Bankruptcies 138 116 154 19.0 -10.4 1,499 1,937 -22.6
Proposals 42 32 60 31.3 -30.0 591 612 -3.4
Ontario 156 128 180 21.9 -13.3 1,897 2,586 -26.6
Bankruptcies 120 100 147 20.0 -18.4 1,563 2,239 -30.2
Proposals 36 28 33 28.6 9.1 334 347 -3.7
Manitoba 6 8 8 -25.0 -25.0 83 89 -6.7
Bankruptcies 6 7 5 -14.3 20.0 70 69 1.4
Proposals 0 1 3 -100.0 -100.0 13 20 -35.0
Saskatchewan 11 11 16 0.0 -31.3 153 215 -28.8
Bankruptcies 8 8 7 0.0 14.3 104 164 -36.6
Proposals 3 3 9 0.0 -66.7 49 51 -3.9
Alberta 23 32 38 -28.1 -39.5 450 488 -7.8
Bankruptcies 19 24 32 -20.8 -40.6 366 403 -9.2
Proposals 4 8 6 -50.0 -33.3 84 85 -1.2
British Columbia 25 13 24 92.3 4.2 288 512 -43.8
Bankruptcies 22 12 19 83.3 15.8 236 401 -41.1
Proposals 3 1 5 200.0 -40.0 52 111 -53.2
Northwest Territories 0 0 0 1 0
Bankruptcies 0 0 0 0 0
Proposals 0 0 0 1 0
Yukon 1 0 2 -50.0 2 2 0.0
Bankruptcies 0 0 0 0 0
Proposals 1 0 2 -50.0 2 2 0.0
Nunavut 0 0 0 0 1 -100.0
Bankruptcies 0 0 0 0 0
Proposals 0 0 0 0 1 -100.0
Canada 424 371 516 14.3 -17.8 5,257 6,816 -22.9
Bankruptcies 335 292 396 14.7 -15.4 4,081 5,530 -26.2
Proposals 89 79 120 12.7 -25.8 1,176 1,286 -8.6
Table 4: Insolvencies by NAICS Economic Sectors Canada
  Volume % Change 12-Month Period Ending
Nov. 2010 Oct. 2010 Nov. 2009 Oct. 2010 to Nov. 2010 Nov. 2009 to Nov. 2010 11-30-2010 11-30-2009 % Change
Agriculture, Forestry, Fishing and Hunting 9 14 18 -35.7 -50.0 150 261 -42.5
Bankruptcies 8 8 14 0.0 -42.9 110 208 -47.1
Proposals 1 6 4 -83.3 -75.0 40 53 -24.5
Mining and Oil and Gas Extraction 4 4 5 0.0 -20.0 64 62 3.2
Bankruptcies 2 2 5 0.0 -60.0 39 44 -11.4
Proposals 2 2 0 0.0 25 18 38.9
Utilities 0 0 0 13 19 -31.6
Bankruptcies 0 0 0 13 15 -13.3
Proposals 0 0 0 0 4 -100.0
Construction 72 59 71 22.0 1.4 868 995 -12.8
Bankruptcies 56 50 53 12.0 5.7 689 849 -18.8
Proposals 16 9 18 77.8 -11.1 179 146 22.6
Manufacturing 48 45 55 6.7 -12.7 574 775 -25.9
Bankruptcies 33 30 44 10.0 -25.0 439 596 -26.3
Proposals 15 15 11 0.0 36.4 135 179 -24.6
Wholesale Trade 28 19 32 47.4 -12.5 291 385 -24.4
Bankruptcies 20 17 23 17.6 -13.0 228 311 -26.7
Proposals 8 2 9 300.0 -11.1 63 74 -14.9
Retail Trade 52 65 75 -20.0 -30.7 746 958 -22.1
Bankruptcies 36 54 67 -33.3 -46.3 595 798 -25.4
Proposals 16 11 8 45.5 100.0 151 160 -5.6
Transportation and Warehousing 24 27 43 -11.1 -44.2 409 608 -32.7
Bankruptcies 21 19 31 10.5 -32.3 338 488 -30.7
Proposals 3 8 12 -62.5 -75.0 71 120 -40.8
Information and Cultural Industries 9 3 12 200.0 -25.0 83 116 -28.4
Bankruptcies 7 2 11 250.0 -36.4 54 91 -40.7
Proposals 2 1 1 100.0 100.0 29 25 16.0
Finance and Insurance 11 12 8 -8.3 37.5 108 142 -23.9
Bankruptcies 9 10 8 -10.0 12.5 88 118 -25.4
Proposals 2 2 0 0.0 20 24 -16.7
Real Estate and Rental and Leasing 17 14 15 21.4 13.3 189 206 -8.3
Bankruptcies 16 12 9 33.3 77.8 135 142 -4.9
Proposals 1 2 6 -50.0 -83.3 54 64 -15.6
Professional, Scientific and Technical Services 28 13 50 115.4 -44.0 323 439 -26.4
Bankruptcies 25 6 36 316.7 -30.6 236 365 -35.3
Proposals 3 7 14 -57.1 -78.6 87 74 17.6
Management of Companies and Enterprises 5 2 7 150.0 -28.6 68 40 70.0
Bankruptcies 5 2 4 150.0 25.0 49 31 58.1
Proposals 0 0 3 -100.0 19 9 111.1
Administrative and Support, Waste Management and Remediation Services 24 17 23 41.2 4.3 219 291 -24.7
Bankruptcies 22 15 16 46.7 37.5 170 243 -30.0
Proposals 2 2 7 0.0 -71.4 49 48 2.1
Educational Services 4 1 2 300.0 100.0 41 44 -6.8
Bankruptcies 4 1 1 300.0 300.0 33 37 -10.8
Proposals 0 0 1 -100.0 8 7 14.3
Health Care and Social Assistance 3 3 3 0.0 0.0 66 78 -15.4
Bankruptcies 0 2 2 -100.0 -100.0 47 66 -28.8
Proposals 3 1 1 200.0 200.0 19 12 58.3
Arts, Entertainment and Recreation 14 2 7 600.0 100.0 108 139 -22.3
Bankruptcies 13 2 5 550.0 160.0 89 117 -23.9
Proposals 1 0 2 -50.0 19 22 -13.6
Accommodation and Food Services 50 41 60 22.0 -16.7 643 837 -23.2
Bankruptcies 41 32 44 28.1 -6.8 481 656 -26.7
Proposals 9 9 16 0.0 -43.8 162 181 -10.5
Other Services (except Public Administration) 22 30 29 -26.7 -24.1 287 412 -30.3
Bankruptcies 17 28 22 -39.3 -22.7 243 348 -30.2
Proposals 5 2 7 150.0 -28.6 44 64 -31.3
Public Administration 0 0 1 -100.0 7 8 -12.5
Bankruptcies 0 0 1 -100.0 5 6 -16.7
Proposals 0 0 0 2 2 0.0
Total 424 371 516 14.3 -17.8 5,257 6,816 -22.9
Bankruptcies 335 292 396 14.7 -15.4 4,081 5,530 -26.2
Proposals 89 79 120 12.7 -25.8 1,176 1,286 -8.6
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