Archived — Insolvency Statistics in Canada—March 2012

PDF Version

Tables

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
March 2012 Feb. 2012 March 2011 Feb. 2012 to March 2012 March 2011 to March 2012 03-31-2012 03-31-2011 % Change
Newfoundland and Labrador 164 154 242 6.5 -32.2 1,992 2,424 -17.8
Bankruptcies 156 143 226 9.1 -31.0 1,868 2,280 -18.1
Proposals 8 11 16 -27.3 -50.0 124 144 -13.9
Prince Edward Island 43 55 86 -21.8 -50.0 602 644 -6.5
Bankruptcies 38 44 77 -13.6 -50.6 489 575 -15.0
Proposals 5 11 9 -54.5 -44.4 113 69 63.8
Nova Scotia 408 404 521 1.0 -21.7 4,492 5,287 -15.0
Bankruptcies 312 299 412 4.3 -24.3 3,521 4,256 -17.3
Proposals 96 105 109 -8.6 -11.9 971 1,031 -5.8
New Brunswick 379 337 321 12.5 18.1 3,790 3,694 2.6
Bankruptcies 288 244 258 18.0 11.6 3,015 3,088 -2.4
Proposals 91 93 63 -2.2 44.4 775 606 27.9
Quebec 3,544 3,389 3,599 4.6 -1.5 37,824 39,642 -4.6
Bankruptcies 2,348 2,328 2,541 0.9 -7.6 26,855 29,216 -8.1
Proposals 1,196 1,061 1,058 12.7 13.0 10,969 10,426 5.2
Ontario 4,488 4,254 5,310 5.5 -15.5 51,277 57,066 -10.1
Bankruptcies 2,197 2,028 2,698 8.3 -18.6 26,197 32,350 -19.0
Proposals 2,291 2,226 2,612 2.9 -12.3 25,080 24,716 1.5
Manitoba 171 162 241 5.6 -29.0 2,108 2,665 -20.9
Bankruptcies 112 106 171 5.7 -34.5 1,470 1,964 -25.2
Proposals 59 56 70 5.4 -15.7 638 701 -9.0
Saskatchewan 193 153 233 26.1 -17.2 2,132 2,403 -11.3
Bankruptcies 112 86 149 30.2 -24.8 1,297 1,543 -15.9
Proposals 81 67 84 20.9 -3.6 835 860 -2.9
Alberta 933 827 963 12.8 -3.1 10,249 11,114 -7.8
Bankruptcies 587 558 706 5.2 -16.9 7,003 8,298 -15.6
Proposals 346 269 257 28.6 34.6 3,246 2,816 15.3
British Columbia 1,105 1,110 1,144 -0.5 -3.4 11,955 12,769 -6.4
Bankruptcies 699 726 828 -3.7 -15.6 7,976 9,628 -17.2
Proposals 406 384 316 5.7 28.5 3,979 3,141 26.7
Northwest Territories 10 4 6 150.0 66.7 50 48 4.2
Bankruptcies 5 4 4 25.0 25.0 35 31 12.9
Proposals 5 0 2 150.0 15 17 -11.8
Yukon 1 2 4 -50.0 -75.0 32 43 -25.6
Bankruptcies 1 2 3 -50.0 -66.7 28 37 -24.3
Proposals 0 0 1 -100.0 4 6 -33.3
Nunavut 0 1 1 -100.0 -100.0 6 5 20.0
Bankruptcies 0 0 1 -100.0 4 5 -20.0
Proposals 0 1 0 -100.0 2 0
Canada 11,439 10,852 12,671 5.4 -9.7 126,509 137,804 -8.2
Bankruptcies 6,855 6,568 8,074 4.4 -15.1 79,758 93,271 -14.5
Proposals 4,584 4,284 4,597 7.0 -0.3 46,751 44,533 5.0
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
March 2012 Feb. 2012 March 2011 Feb. 2012 to March 2012 March 2011 to March 2012 03-31-2012 03-31-2011 % Change
Newfoundland and Labrador 160 153 236 4.6 -32.2 1,969 2,396 -17.8
Bankruptcies 152 142 220 7.0 -30.9 1,847 2,254 -18.1
Proposals 8 11 16 -27.3 -50.0 122 142 -14.1
Prince Edward Island 40 51 84 -21.6 -52.4 578 624 -7.4
Bankruptcies 35 40 75 -12.5 -53.3 470 561 -16.2
Proposals 5 11 9 -54.5 -44.4 108 63 71.4
Nova Scotia 401 391 505 2.6 -20.6 4,394 5,106 -13.9
Bankruptcies 306 288 396 6.3 -22.7 3,441 4,104 -16.2
Proposals 95 103 109 -7.8 -12.8 953 1,002 -4.9
New Brunswick 377 328 316 14.9 19.3 3,725 3,622 2.8
Bankruptcies 286 237 255 20.7 12.2 2,963 3,029 -2.2
Proposals 91 91 61 0.0 49.2 762 593 28.5
Quebec 3,368 3,214 3,376 4.8 -0.2 35,726 37,543 -4.8
Bankruptcies 2,229 2,195 2,386 1.5 -6.6 25,323 27,680 -8.5
Proposals 1,139 1,019 990 11.8 15.1 10,403 9,863 5.5
Ontario 4,333 4,140 5,105 4.7 -15.1 49,706 55,300 -10.1
Bankruptcies 2,078 1,938 2,539 7.2 -18.2 24,960 30,902 -19.2
Proposals 2,255 2,202 2,566 2.4 -12.1 24,746 24,398 1.4
Manitoba 165 155 231 6.5 -28.6 2,038 2,593 -21.4
Bankruptcies 108 102 164 5.9 -34.1 1,413 1,907 -25.9
Proposals 57 53 67 7.5 -14.9 625 686 -8.9
Saskatchewan 181 144 211 25.7 -14.2 1,987 2,257 -12.0
Bankruptcies 103 81 139 27.2 -25.9 1,193 1,449 -17.7
Proposals 78 63 72 23.8 8.3 794 808 -1.7
Alberta 908 789 935 15.1 -2.9 9,910 10,700 -7.4
Bankruptcies 568 533 680 6.6 -16.5 6,753 7,947 -15.0
Proposals 340 256 255 32.8 33.3 3,157 2,753 14.7
British Columbia 1,076 1,077 1,124 -0.1 -4.3 11,688 12,525 -6.7
Bankruptcies 680 702 813 -3.1 -16.4 7,773 9,426 -17.5
Proposals 396 375 311 5.6 27.3 3,915 3,099 26.3
Northwest Territories 10 4 5 150.0 100.0 50 45 11.1
Bankruptcies 5 4 4 25.0 25.0 35 31 12.9
Proposals 5 0 1 400.0 15 14 7.1
Yukon 1 2 4 -50.0 -75.0 31 41 -24.4
Bankruptcies 1 2 3 -50.0 -66.7 27 37 -27.0
Proposals 0 0 1 -100.0 4 4 0.0
Nunavut 0 1 1 -100.0 -100.0 6 5 20.0
Bankruptcies 0 0 1 -100.0 4 5 -20.0
Proposals 0 1 0 -100.0 2 0
Canada 11,020 10,449 12,133 5.5 -9.2 121,808 132,757 -8.2
Bankruptcies 6,551 6,264 7,675 4.6 -14.6 76,202 89,332 -14.7
Proposals 4,469 4,185 4,458 6.8 0.2 45,606 43,425 5.0
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
March 2012 Feb. 2012 March 2011 Feb. 2012 to March 2012 March 2011 to March 2012 03-31-2012 03-31-2011 % Change
Newfoundland and Labrador 4 1 6 300.0 -33.3 23 28 -17.9
Bankruptcies 4 1 6 300.0 -33.3 21 26 -19.2
Proposals 0 0 0 2 2 0.0
Prince Edward Island 3 4 2 -25.0 50.0 24 20 20.0
Bankruptcies 3 4 2 -25.0 50.0 19 14 35.7
Proposals 0 0 0 5 6 -16.7
Nova Scotia 7 13 16 -46.2 -56.3 98 181 -45.9
Bankruptcies 6 11 16 -45.5 -62.5 80 152 -47.4
Proposals 1 2 0 -50.0 18 29 -37.9
New Brunswick 2 9 5 -77.8 -60.0 65 72 -9.7
Bankruptcies 2 7 3 -71.4 -33.3 52 59 -11.9
Proposals 0 2 2 -100.0 -100.0 13 13 0.0
Quebec 176 175 223 0.6 -21.1 2,098 2,099 0.0
Bankruptcies 119 133 155 -10.5 -23.2 1,532 1,536 -0.3
Proposals 57 42 68 35.7 -16.2 566 563 0.5
Ontario 155 114 205 36.0 -24.4 1,571 1,766 -11.0
Bankruptcies 119 90 159 32.2 -25.2 1,237 1,448 -14.6
Proposals 36 24 46 50.0 -21.7 334 318 5.0
Manitoba 6 7 10 -14.3 -40.0 70 72 -2.8
Bankruptcies 4 4 7 0.0 -42.9 57 57 0.0
Proposals 2 3 3 -33.3 -33.3 13 15 -13.3
Saskatchewan 12 9 22 33.3 -45.5 145 146 -0.7
Bankruptcies 9 5 10 80.0 -10.0 104 94 10.6
Proposals 3 4 12 -25.0 -75.0 41 52 -21.2
Alberta 25 38 28 -34.2 -10.7 339 414 -18.1
Bankruptcies 19 25 26 -24.0 -26.9 250 351 -28.8
Proposals 6 13 2 -53.8 200.0 89 63 41.3
British Columbia 29 33 20 -12.1 45.0 267 244 9.4
Bankruptcies 19 24 15 -20.8 26.7 203 202 0.5
Proposals 10 9 5 11.1 100.0 64 42 52.4
Northwest Territories 0 0 1 -100.0 0 3 -100.0
Bankruptcies 0 0 0 0 0
Proposals 0 0 1 -100.0 0 3 -100.0
Yukon 0 0 0 1 2 -50.0
Bankruptcies 0 0 0 1 0
Proposals 0 0 0 0 2 -100.0
Nunavut 0 0 0 0 0
Bankruptcies 0 0 0 0 0
Proposals 0 0 0 0 0
Canada 419 403 538 4.0 -22.1 4,701 5,047 -6.9
Bankruptcies 304 304 399 0.0 -23.8 3,556 3,939 -9.7
Proposals 115 99 139 16.2 -17.3 1,145 1,108 3.3
Proposals
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Province Volume % Change 12-Month Period Ending
March 2012 Feb. 2012 March 2011 Feb. 2012 to March 2012 March 2011 to March 2012 03-31-2012 03-31-2011 % Change
Agriculture, Forestry, Fishing and Hunting 6 13 20 -53.8 -70.0 122 142 -14.1
Bankruptcies 6 11 13 -45.5 -53.8 89 99 -10.1
0 2 7 -100.0 -100.0 33 43 -23.3
Mining and Oil and Gas Extraction 0 0 1 -100.0 19 46 -58.7
Bankruptcies 0 0 1 -100.0 13 30 -56.7
Proposals 0 0 0 6 16 -62.5
Utilities 1 0 3 -66.7 15 8 87.5
Bankruptcies 1 0 2 -50.0 11 7 57.1
Proposals 0 0 1 -100.0 4 1 300.0
Construction 94 70 96 34.3 -2.1 795 838 -5.1
Bankruptcies 69 48 75 43.8 -8.0 609 679 -10.3
Proposals 25 22 21 13.6 19.0 186 159 17.0
Manufacturing 41 40 62 2.5 -33.9 547 539 1.5
Bankruptcies 26 31 37 -16.1 -29.7 396 393 0.8
Proposals 15 9 25 66.7 -40.0 151 146 3.4
Wholesale Trade 26 21 29 23.8 -10.3 264 295 -10.5
Bankruptcies 21 15 20 40.0 5.0 204 230 -11.3
Proposals 5 6 9 -16.7 -44.4 60 65 -7.7
Retail Trade 60 41 79 46.3 -24.1 614 725 -15.3
Bankruptcies 41 31 66 32.3 -37.9 460 592 -22.3
Proposals 19 10 13 90.0 46.2 154 133 15.8
Transportation and Warehousing 19 20 26 -5.0 -26.9 302 341 -11.4
Bankruptcies 14 16 24 -12.5 -41.7 243 285 -14.7
Proposals 5 4 2 25.0 150.0 59 56 5.4
Information and Cultural Industries 6 5 9 20.0 -33.3 71 77 -7.8
Bankruptcies 6 5 7 20.0 -14.3 52 50 4.0
Proposals 0 0 2 -100.0 19 27 -29.6
Finance and Insurance 9 9 11 0.0 -18.2 102 103 -1.0
Bankruptcies 7 8 10 -12.5 -30.0 74 83 -10.8
Proposals 2 1 1 100.0 100.0 28 20 40.0
Real Estate and Rental and Leasing 15 16 14 -6.3 7.1 129 182 -29.1
Bankruptcies 10 11 8 -9.1 25.0 97 136 -28.7
Proposals 5 5 6 0.0 -16.7 32 46 -30.4
Professional, Scientific and Technical Services 28 30 38 -6.7 -26.3 298 307 -2.9
Bankruptcies 21 21 19 0.0 10.5 209 223 -6.3
Proposals 7 9 19 -22.2 -63.2 89 84 6.0
Management of Companies and Enterprises 5 7 5 -28.6 0.0 60 70 -14.3
Bankruptcies 4 5 5 -20.0 -20.0 48 49 -2.0
Proposals 1 2 0 -50.0 12 21 -42.9
Administrative and Support, Waste Management and Remediation Services 15 26 20 -42.3 -25.0 224 211 6.2
Bankruptcies 10 17 15 -41.2 -33.3 167 173 -3.5
Proposals 5 9 5 -44.4 0.0 57 38 50.0
Educational Services 4 6 4 -33.3 0.0 34 39 -12.8
Bankruptcies 3 5 3 -40.0 0.0 25 32 -21.9
Proposals 1 1 1 0.0 0.0 9 7 28.6
Health Care and Social Assistance 3 3 13 0.0 -76.9 73 67 9.0
Bankruptcies 3 2 13 50.0 -76.9 51 50 2.0
Proposals 0 1 0 -100.0 22 17 29.4
Arts, Entertainment and Recreation 9 10 6 -10.0 50.0 92 86 7.0
Bankruptcies 7 9 5 -22.2 40.0 79 75 5.3
Proposals 2 1 1 100.0 100.0 13 11 18.2
Accommodation and Food Services 57 57 72 0.0 -20.8 653 659 -0.9
Bankruptcies 36 45 54 -20.0 -33.3 495 494 0.2
Proposals 21 12 18 75.0 16.7 158 165 -4.2
Other Services (except Public Administration) 19 29 30 -34.5 -36.7 280 306 -8.5
Bankruptcies 17 24 22 -29.2 -22.7 228 256 -10.9
Proposals 2 5 8 -60.0 -75.0 52 50 4.0
Public Administration 2 0 0 6 6 0.0
Bankruptcies 2 0 0 5 3 66.7
Proposals 0 0 0 1 3 -66.7
Total 419 403 538 4.0 -22.1 4,701 5,047 -6.9
Bankruptcies 304 304 399 0.0 -23.8 3,556 3,939 -9.7
Proposals 115 99 139 16.2 -17.3 1,145 1,108 3.3
Date modified: