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Archived — Insolvency Statistics in Canada—January 2011

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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 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
Jan. 2011 Dec. 2010 Jan. 2010 Dec. 2010 to Jan. 2011 Jan. 2010 to Jan. 2011 01-31-2011 01-31-2010 % Change
Newfoundland and Labrador 152 183 192 -16.9 -20.8 2 504 2 734 -8.4
Bankruptcies 145 166 182 -12.7 -20.3 2 362 2 601 -9.2
Proposals 7 17 10 -58.8 -30.0 142 133 6.8
Prince Edward Island 49 53 48 -7.5 2.1 599 596 0.5
Bankruptcies 48 46 39 4.3 23.1 537 553 -2.9
Proposals 1 7 9 -85.7 -88.9 62 43 44.2
Nova Scotia 344 389 384 -11.6 -10.4 5 257 5 500 -4.4
Bankruptcies 281 314 312 -10.5 -9.9 4 287 4 722 -9.2
Proposals 63 75 72 -16.0 -12.5 970 778 24.7
New Brunswick 199 281 283 -29.2 -29.7 3 712 4 005 -7.3
Bankruptcies 162 233 227 -30.5 -28.6 3 114 3 409 -8.7
Proposals 37 48 56 -22.9 -33.9 598 596 0.3
Quebec 2 982 2 764 3 089 7.9 -3.5 39 763 43 877 -9.4
Bankruptcies 2 132 2 096 2 276 1.7 -6.3 29 476 35 415 -16.8
Proposals 850 668 813 27.2 4.6 10 287 8 462 21.6
Ontario 3 707 4 466 4 198 -17.0 -11.7 57 988 69 259 -16.3
Bankruptcies 1 848 2 580 2 586 -28.4 -28.5 33 795 48 197 -29.9
Proposals 1 859 1 886 1 612 -1.4 15.3 24 193 21 062 14.9
Manitoba 158 205 193 -22.9 -18.1 2 716 3 154 -13.9
Bankruptcies 118 165 147 -28.5 -19.7 2 033 2 486 -18.2
Proposals 40 40 46 0.0 -13.0 683 668 2.2
Saskatchewan 207 176 206 17.6 0.5 2 471 2 684 -7.9
Bankruptcies 127 115 147 10.4 -13.6 1 607 1 976 -18.7
Proposals 80 61 59 31.1 35.6 864 708 22.0
Alberta 848 790 944 7.3 -10.2 11 238 12 641 -11.1
Bankruptcies 608 563 711 8.0 -14.5 8 425 10 367 -18.7
Proposals 240 227 233 5.7 3.0 2 813 2 274 23.7
British Columbia 911 1 032 937 -11.7 -2.8 12 980 13 593 -4.5
Bankruptcies 672 767 722 -12.4 -6.9 9 853 10 949 -10.0
Proposals 239 265 215 -9.8 11.2 3 127 2 644 18.3
Northwest Territories 4 2 4 100.0 0.0 44 48 -8.3
Bankruptcies 2 1 2 100.0 0.0 31 39 -20.5
Proposals 2 1 2 100.0 0.0 13 9 44.4
Yukon 5 11 2 -54.5 150.0 44 45 -2.2
Bankruptcies 5 11 1 -54.5 400.0 38 39 -2.6
Proposals 0 0 1 -100.0 6 6 0.0
Nunavut 0 1 0 -100.0 4 10 -60.0
Bankruptcies 0 1 0 -100.0 4 8 -50.0
Proposals 0 0 0 0 2 -100.0
Canada 9 566 10 353 10 480 -7.6 -8.7 139 320 158 146 -11.9
Bankruptcies 6 148 7 058 7 352 -12.9 -16.4 95 562 120 761 -20.9
Proposals 3 418 3 295 3 128 3.7 9.3 43 758 37 385 17.0
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Jan. 2011 Dec. 2010 Jan. 2010 Dec. 2010 to Jan. 2011 Jan. 2010 to Jan. 2011 01-31-2011 01-31-2010 % Change
Newfoundland and Labrador 151 178 192 -15.2 -21.4 2 480 2 701 -8.2
Bankruptcies 144 163 182 -11.7 -20.9 2 340 2 569 -8.9
Proposals 7 15 10 -53.3 -30.0 140 132 6.1
Prince Edward Island 49 52 47 -5.8 4.3 578 565 2.3
Bankruptcies 48 46 38 4.3 26.3 522 526 -0.8
Proposals 1 6 9 -83.3 -88.9 56 39 43.6
Nova Scotia 332 371 376 -10.5 -11.7 5 086 5 339 -4.7
Bankruptcies 272 299 304 -9.0 -10.5 4 148 4 577 -9.4
Proposals 60 72 72 -16.7 -16.7 938 762 23.1
New Brunswick 196 279 270 -29.7 -27.4 3 639 3 874 -6.1
Bankruptcies 161 231 219 -30.3 -26.5 3 051 3 311 -7.9
Proposals 35 48 51 -27.1 -31.4 588 563 4.4
Quebec 2 829 2 576 2 918 9.8 -3.1 37 682 41 430 -9.0
Bankruptcies 2 016 1 944 2 156 3.7 -6.5 27 960 33 584 -16.7
Proposals 813 632 762 28.6 6.7 9 722 7 846 23.9
Ontario 3 598 4 328 4 027 -16.9 -10.7 56 190 66 730 -15.8
Bankruptcies 1 757 2 462 2 443 -28.6 -28.1 32 314 46 012 -29.8
Proposals 1 841 1 866 1 584 -1.3 16.2 23 876 20 718 15.2
Manitoba 154 201 186 -23.4 -17.2 2 641 3 065 -13.8
Bankruptcies 114 161 140 -29.2 -18.6 1 968 2 419 -18.6
Proposals 40 40 46 0.0 -13.0 673 646 4.2
Saskatchewan 189 165 190 14.5 -0.5 2 325 2 459 -5.4
Bankruptcies 117 107 135 9.3 -13.3 1 510 1 811 -16.6
Proposals 72 58 55 24.1 30.9 815 648 25.8
Alberta 812 740 907 9.7 -10.5 10 775 12 160 -11.4
Bankruptcies 578 519 684 11.4 -15.5 8 044 9 974 -19.4
Proposals 234 221 223 5.9 4.9 2 731 2 186 24.9
British Columbia 888 1 014 899 -12.4 -1.2 12 712 13 099 -3.0
Bankruptcies 650 754 694 -13.8 -6.3 9 630 10 566 -8.9
Proposals 238 260 205 -8.5 16.1 3 082 2 533 21.7
Northwest Territories 3 2 4 50.0 -25.0 42 48 -12.5
Bankruptcies 2 1 2 100.0 0.0 31 39 -20.5
Proposals 1 1 2 0.0 -50.0 11 9 22.2
Yukon 5 11 2 -54.5 150.0 42 43 -2.3
Bankruptcies 5 11 1 -54.5 400.0 38 39 -2.6
Proposals 0 0 1 -100.0 4 4 0.0
Nunavut 0 1 0 -100.0 4 9 -55.6
Bankruptcies 0 1 0 -100.0 4 8 -50.0
Proposals 0 0 0 0 1 -100.0
Canada 9 206 9 918 10 018 -7.2 -8.1 134 196 151 522 -11.4
Bankruptcies 5 864 6 699 6 998 -12.5 -16.2 91 560 115 435 -20.7
Proposals 3 342 3 219 3 020 3.8 10.7 42 636 36 087 18.1
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Jan. 2011 Dec. 2010 Jan. 2010 Dec. 2010 to Jan. 2011 Jan. 2010 to Jan. 2011 01-31-2011 01-31-2010 % Change
Newfoundland and Labrador 1 5 0 -80.0 24 33 -27.3
Bankruptcies 1 3 0 -66.7 22 32 -31.3
Proposals 0 2 0 -100.0 2 1 100.0
Prince Edward Island 0 1 1 -100.0 -100.0 21 31 -32.3
Bankruptcies 0 0 1 -100.0 15 27 -44.4
Proposals 0 1 0 -100.0 6 4 50.0
Nova Scotia 12 18 8 -33.3 50.0 171 161 6.2
Bankruptcies 9 15 8 -40.0 12.5 139 145 -4.1
Proposals 3 3 0 0.0 32 16 100.0
New Brunswick 3 2 13 50.0 -76.9 73 131 -44.3
Bankruptcies 1 2 8 -50.0 -87.5 63 98 -35.7
Proposals 2 0 5 -60.0 10 33 -69.7
Quebec 153 188 171 -18.6 -10.5 2 081 2 447 -15.0
Bankruptcies 116 152 120 -23.7 -3.3 1 516 1 831 -17.2
Proposals 37 36 51 2.8 -27.5 565 616 -8.3
Ontario 109 138 171 -21.0 -36.3 1 798 2 529 -28.9
Bankruptcies 91 118 143 -22.9 -36.4 1 481 2 185 -32.2
Proposals 18 20 28 -10.0 -35.7 317 344 -7.8
Manitoba 4 4 7 0.0 -42.9 75 89 -15.7
Bankruptcies 4 4 7 0.0 -42.9 65 67 -3.0
Proposals 0 0 0 10 22 -54.5
Saskatchewan 18 11 16 63.6 12.5 146 225 -35.1
Bankruptcies 10 8 12 25.0 -16.7 97 165 -41.2
Proposals 8 3 4 166.7 100.0 49 60 -18.3
Alberta 36 50 37 -28.0 -2.7 463 481 -3.7
Bankruptcies 30 44 27 -31.8 11.1 381 393 -3.1
Proposals 6 6 10 0.0 -40.0 82 88 -6.8
British Columbia 23 18 38 27.8 -39.5 268 494 -45.7
Bankruptcies 22 13 28 69.2 -21.4 223 383 -41.8
Proposals 1 5 10 -80.0 -90.0 45 111 -59.5
Northwest Territories 1 0 0 2 0
Bankruptcies 0 0 0 0 0
Proposals 1 0 0 2 0
Yukon 0 0 0 2 2 0.0
Bankruptcies 0 0 0 0 0
Proposals 0 0 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 360 435 462 -17.2 -22.1 5 124 6 624 -22.6
Bankruptcies 284 359 354 -20.9 -19.8 4 002 5 326 -24.9
Proposals 76 76 108 0.0 -29.6 1 122 1 298 -13.6
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Sector Volume % Change 12-Month Period Ending
Jan. 2011 Dec. 2010 Jan. 2010 Dec. 2010 to Jan. 2011 Jan. 2010 to Jan. 2011 01-31-2011 01-31-2010 % Change
Agriculture, Forestry, Fishing and Hunting 7 11 11 -36.4 -36.4 140 246 -43.1
Bankruptcies 3 7 10 -57.1 -70.0 96 197 -51.3
Proposals 4 4 1 0.0 300.0 44 49 -10.2
Mining and Oil and Gas Extraction 7 3 9 133.3 -22.2 57 73 -21.9
Bankruptcies 7 2 6 250.0 16.7 35 52 -32.7
Proposals 0 1 3 -100.0 -100.0 22 21 4.8
Utilities 0 0 2 -100.0 8 22 -63.6
Bankruptcies 0 0 2 -100.0 8 18 -55.6
Proposals 0 0 0 0 4 -100.0
Construction 56 72 76 -22.2 -26.3 843 985 -14.4
Bankruptcies 46 60 58 -23.3 -20.7 684 814 -16.0
Proposals 10 12 18 -16.7 -44.4 159 171 -7.0
Manufacturing 36 32 56 12.5 -35.7 544 743 -26.8
Bankruptcies 27 26 40 3.8 -32.5 413 587 -29.6
Proposals 9 6 16 50.0 -43.8 131 156 -16.0
Wholesale Trade 16 29 17 -44.8 -5.9 300 355 -15.5
Bankruptcies 12 26 11 -53.8 9.1 242 286 -15.4
Proposals 4 3 6 33.3 -33.3 58 69 -15.9
Retail Trade 60 67 77 -10.4 -22.1 735 947 -22.4
Bankruptcies 49 59 60 -16.9 -18.3 593 777 -23.7
Proposals 11 8 17 37.5 -35.3 142 170 -16.5
Transportation and Warehousing 26 35 48 -25.7 -45.8 381 604 -36.9
Bankruptcies 18 29 40 -37.9 -55.0 312 486 -35.8
Proposals 8 6 8 33.3 0.0 69 118 -41.5
Information and Cultural Industries 7 10 8 -30.0 -12.5 81 110 -26.4
Bankruptcies 4 6 5 -33.3 -20.0 50 83 -39.8
Proposals 3 4 3 -25.0 0.0 31 27 14.8
Finance and Insurance 14 10 15 40.0 -6.7 106 145 -26.9
Bankruptcies 11 8 11 37.5 0.0 86 119 -27.7
Proposals 3 2 4 50.0 -25.0 20 26 -23.1
Real Estate and Rental and Leasing 16 12 12 33.3 33.3 187 204 -8.3
Bankruptcies 11 11 11 0.0 0.0 136 138 -1.4
Proposals 5 1 1 400.0 400.0 51 66 -22.7
Professional, Scientific and Technical Services 12 35 32 -65.7 -62.5 307 431 -28.8
Bankruptcies 9 30 25 -70.0 -64.0 226 349 -35.2
Proposals 3 5 7 -40.0 -57.1 81 82 -1.2
Management of Companies and Enterprises 2 7 2 -71.4 0.0 68 38 78.9
Bankruptcies 1 6 2 -83.3 -50.0 47 30 56.7
Proposals 1 1 0 0.0 21 8 162.5
Administrative and Support, Waste Management and Remediation Services 12 23 16 -47.8 -25.0 214 290 -26.2
Bankruptcies 12 22 12 -45.5 0.0 174 241 -27.8
Proposals 0 1 4 -100.0 -100.0 40 49 -18.4
Educational Services 4 4 2 0.0 100.0 43 43 0.0
Bankruptcies 3 3 1 0.0 200.0 34 37 -8.1
Proposals 1 1 1 0.0 0.0 9 6 50.0
Health Care and Social Assistance 7 3 6 133.3 16.7 63 81 -22.2
Bankruptcies 6 2 4 200.0 50.0 45 68 -33.8
Proposals 1 1 2 0.0 -50.0 18 13 38.5
Arts, Entertainment and Recreation 2 7 11 -71.4 -81.8 101 134 -24.6
Bankruptcies 2 6 8 -66.7 -75.0 85 111 -23.4
Proposals 0 1 3 -100.0 -100.0 16 23 -30.4
Accommodation and Food Services 50 48 40 4.2 25.0 649 774 -16.1
Bankruptcies 41 34 30 20.6 36.7 484 599 -19.2
Proposals 9 14 10 -35.7 -10.0 165 175 -5.7
Other Services (except Public Administration) 25 26 19 -3.8 31.6 291 389 -25.2
Bankruptcies 22 22 16 0.0 37.5 249 327 -23.9
Proposals 3 4 3 -25.0 0.0 42 62 -32.3
Public Administration 1 1 3 0.0 -66.7 6 9 -33.3
Bankruptcies 0 0 2 -100.0 3 6 -50.0
Proposals 1 1 1 0.0 0.0 3 3 0.0
Total 360 435 462 -17.2 -22.1 5 124 6 624 -22.6
Bankruptcies 284 359 354 -20.9 -19.8 4 002 5 326 -24.9
Proposals 76 76 108 0.0 -29.6 1 122 1 298 -13.6
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