Archived — Insolvency Statistics in Canada—January 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
Jan. 2012 Dec. 2011 Jan. 2011 Dec. 2011 to Jan. 2012 Jan. 2011 to Jan. 2012 01-31-2012 01-31-2011 % Change
Newfoundland and Labrador 118 111 152 6.3 -22.4 2,073 2,504 -17.2
Bankruptcies 106 102 145 3.9 -26.9 1,942 2,362 -17.8
Proposals 12 9 7 33.3 71.4 131 142 -7.7
Prince Edward Island 49 42 49 16.7 0.0 637 599 6.3
Bankruptcies 37 27 48 37.0 -22.9 524 537 -2.4
Proposals 12 15 1 -20.0 1100.0 113 62 82.3
Nova Scotia 298 348 344 -14.4 -13.4 4,623 5,257 -12.1
Bankruptcies 242 280 281 -13.6 -13.9 3,643 4,287 -15.0
Proposals 56 68 63 -17.6 -11.1 980 970 1.0
New Brunswick 300 272 199 10.3 50.8 3,661 3,712 -1.4
Bankruptcies 236 217 162 8.8 45.7 2,965 3,114 -4.8
Proposals 64 55 37 16.4 73.0 696 598 16.4
Quebec 2,914 2,726 2,982 6.9 -2.3 37,827 39,763 -4.9
Bankruptcies 2,040 1,924 2,132 6.0 -4.3 27,104 29,476 -8.0
Proposals 874 802 850 9.0 2.8 10,723 10,287 4.2
Ontario 3,614 4,099 3,707 -11.8 -2.5 51,981 57,988 -10.4
Bankruptcies 1,734 2,203 1,848 -21.3 -6.2 26,691 33,795 -21.0
Proposals 1,880 1,896 1,859 -0.8 1.1 25,290 24,193 4.5
Manitoba 146 161 158 -9.3 -7.6 2,217 2,716 -18.4
Bankruptcies 98 119 118 -17.6 -16.9 1,554 2,033 -23.6
Proposals 48 42 40 14.3 20.0 663 683 -2.9
Saskatchewan 176 128 207 37.5 -15.0 2,181 2,471 -11.7
Bankruptcies 95 92 127 3.3 -25.2 1,344 1,607 -16.4
Proposals 81 36 80 125.0 1.3 837 864 -3.1
Alberta 805 739 848 8.9 -5.1 10,338 11,238 -8.0
Bankruptcies 537 501 608 7.2 -11.7 7,222 8,425 -14.3
Proposals 268 238 240 12.6 11.7 3,116 2,813 10.8
British Columbia 888 910 911 -2.4 -2.5 11,896 12,980 -8.4
Bankruptcies 568 589 672 -3.6 -15.5 8,128 9,853 -17.5
Proposals 320 321 239 -0.3 33.9 3,768 3,127 20.5
Northwest Territories 4 6 4 -33.3 0.0 47 44 6.8
Bankruptcies 1 6 2 -83.3 -50.0 32 31 3.2
Proposals 3 0 2 50.0 15 13 15.4
Yukon 2 4 5 -50.0 -60.0 34 44 -22.7
Bankruptcies 1 3 5 -66.7 -80.0 28 38 -26.3
Proposals 1 1 0 0.0 6 6 0.0
Nunavut 0 0 0 7 4 75.0
Bankruptcies 0 0 0 6 4 50.0
Proposals 0 0 0 1 0
Canada 9,314 9,546 9,566 -2.4 -2.6 127,522 139,320 -8.5
Bankruptcies 5,695 6,063 6,148 -6.1 -7.4 81,183 95,562 -15.0
Proposals 3,619 3,483 3,418 3.9 5.9 46,339 43,758 5.9
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Jan. 2012 Dec. 2011 Jan. 2011 Dec. 2011 to Jan. 2012 Jan. 2011 to Jan. 2012 01-31-2012 01-31-2011 % Change
Newfoundland and Labrador 116 111 151 4.5 -23.2 2,046 2,480 -17.5
Bankruptcies 104 102 144 2.0 -27.8 1,917 2,340 -18.1
Proposals 12 9 7 33.3 71.4 129 140 -7.9
Prince Edward Island 46 42 49 9.5 -6.1 617 578 6.7
Bankruptcies 37 27 48 37.0 -22.9 509 522 -2.5
Proposals 9 15 1 -40.0 800.0 108 56 92.9
Nova Scotia 292 340 332 -14.1 -12.0 4,516 5,086 -11.2
Bankruptcies 238 272 272 -12.5 -12.5 3,553 4,148 -14.3
Proposals 54 68 60 -20.6 -10.0 963 938 2.7
New Brunswick 293 271 196 8.1 49.5 3,597 3,639 -1.2
Bankruptcies 229 217 161 5.5 42.2 2,916 3,051 -4.4
Proposals 64 54 35 18.5 82.9 681 588 15.8
Quebec 2,744 2,576 2,829 6.5 -3.0 35,683 37,682 -5.3
Bankruptcies 1,919 1,809 2,016 6.1 -4.8 25,530 27,960 -8.7
Proposals 825 767 813 7.6 1.5 10,153 9,722 4.4
Ontario 3,496 3,948 3,598 -11.4 -2.8 50,358 56,190 -10.4
Bankruptcies 1,643 2,083 1,757 -21.1 -6.5 25,415 32,314 -21.3
Proposals 1,853 1,865 1,841 -0.6 0.7 24,943 23,876 4.5
Manitoba 142 153 154 -7.2 -7.8 2,143 2,641 -18.9
Bankruptcies 95 112 114 -15.2 -16.7 1,495 1,968 -24.0
Proposals 47 41 40 14.6 17.5 648 673 -3.7
Saskatchewan 158 122 189 29.5 -16.4 2,024 2,325 -12.9
Bankruptcies 81 89 117 -9.0 -30.8 1,236 1,510 -18.1
Proposals 77 33 72 133.3 6.9 788 815 -3.3
Alberta 780 714 812 9.2 -3.9 10,008 10,775 -7.1
Bankruptcies 517 483 578 7.0 -10.6 6,968 8,044 -13.4
Proposals 263 231 234 13.9 12.4 3,040 2,731 11.3
British Columbia 871 884 888 -1.5 -1.9 11,659 12,712 -8.3
Bankruptcies 555 569 650 -2.5 -14.6 7,945 9,630 -17.5
Proposals 316 315 238 0.3 32.8 3,714 3,082 20.5
Northwest Territories 4 6 3 -33.3 33.3 46 42 9.5
Bankruptcies 1 6 2 -83.3 -50.0 32 31 3.2
Proposals 3 0 1 200.0 14 11 27.3
Yukon 2 4 5 -50.0 -60.0 33 42 -21.4
Bankruptcies 1 3 5 -66.7 -80.0 27 38 -28.9
Proposals 1 1 0 0.0 6 4 50.0
Nunavut 0 0 0 7 4 75.0
Bankruptcies 0 0 0 6 4 50.0
Proposals 0 0 0 1 0
Canada 8,944 9,171 9,206 -2.5 -2.8 122,737 134,196 -8.5
Bankruptcies 5,420 5,772 5,864 -6.1 -7.6 77,549 91,560 -15.3
Proposals 3,524 3,399 3,342 3.7 5.4 45,188 42,636 6.0
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Jan. 2012 Dec. 2011 Jan. 2011 Dec. 2011 to Jan. 2012 Jan. 2011 to Jan. 2012 01-31-2012 01-31-2011 % Change
Newfoundland and Labrador 2 0 1 100.0 27 24 12.5
Bankruptcies 2 0 1 100.0 25 22 13.6
Proposals 0 0 0 2 2 0.0
Prince Edward Island 3 0 0 20 21 -4.8
Bankruptcies 0 0 0 15 15 0.0
Proposals 3 0 0 5 6 -16.7
Nova Scotia 6 8 12 -25.0 -50.0 107 171 -37.4
Bankruptcies 4 8 9 -50.0 -55.6 90 139 -35.3
Proposals 2 0 3 -33.3 17 32 -46.9
New Brunswick 7 1 3 600.0 133.3 64 73 -12.3
Bankruptcies 7 0 1 600.0 49 63 -22.2
Proposals 0 1 2 -100.0 -100.0 15 10 50.0
Quebec 170 150 153 13.3 11.1 2,144 2,081 3.0
Bankruptcies 121 115 116 5.2 4.3 1,574 1,516 3.8
Proposals 49 35 37 40.0 32.4 570 565 0.9
Ontario 118 151 109 -21.9 8.3 1,623 1,798 -9.7
Bankruptcies 91 120 91 -24.2 0.0 1,276 1,481 -13.8
Proposals 27 31 18 -12.9 50.0 347 317 9.5
Manitoba 4 8 4 -50.0 0.0 74 75 -1.3
Bankruptcies 3 7 4 -57.1 -25.0 59 65 -9.2
Proposals 1 1 0 0.0 15 10 50.0
Saskatchewan 18 6 18 200.0 0.0 157 146 7.5
Bankruptcies 14 3 10 366.7 40.0 108 97 11.3
Proposals 4 3 8 33.3 -50.0 49 49 0.0
Alberta 25 25 36 0.0 -30.6 330 463 -28.7
Bankruptcies 20 18 30 11.1 -33.3 254 381 -33.3
Proposals 5 7 6 -28.6 -16.7 76 82 -7.3
British Columbia 17 26 23 -34.6 -26.1 237 268 -11.6
Bankruptcies 13 20 22 -35.0 -40.9 183 223 -17.9
Proposals 4 6 1 -33.3 300.0 54 45 20.0
Northwest Territories 0 0 1 -100.0 1 2 -50.0
Bankruptcies 0 0 0 0 0
Proposals 0 0 1 -100.0 1 2 -50.0
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 370 375 360 -1.3 2.8 4,785 5,124 -6.6
Bankruptcies 275 291 284 -5.5 -3.2 3,634 4,002 -9.2
Proposals 95 84 76 13.1 25.0 1,151 1,122 2.6
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Province Volume % Change 12-Month Period Ending
Jan. 2012 Dec. 2011 Jan. 2011 Dec. 2011 to Jan. 2012 Jan. 2011 to Jan. 2012 01-31-2012 01-31-2011 % Change
Agriculture, Forestry, Fishing and Hunting 9 4 7 125.0 28.6 136 140 -2.9
Bankruptcies 7 3 3 133.3 133.3 95 96 -1.0
Proposals 2 1 4 100.0 -50.0 41 44 -6.8
Mining and Oil and Gas Extraction 2 1 7 100.0 -71.4 21 57 -63.2
Bankruptcies 1 1 7 0.0 -85.7 14 35 -60.0
Proposals 1 0 0 7 22 -68.2
Utilities 3 0 0 17 8 112.5
Bankruptcies 2 0 0 12 8 50.0
Proposals 1 0 0 5 0
Construction 77 56 56 37.5 37.5 803 843 -4.7
Bankruptcies 55 46 46 19.6 19.6 629 684 -8.0
Proposals 22 10 10 120.0 120.0 174 159 9.4
Manufacturing 42 50 36 -16.0 16.7 560 544 2.9
Bankruptcies 31 40 27 -22.5 14.8 397 413 -3.9
Proposals 11 10 9 10.0 22.2 163 131 24.4
Wholesale Trade 22 19 16 15.8 37.5 267 300 -11.0
Bankruptcies 18 14 12 28.6 50.0 204 242 -15.7
Proposals 4 5 4 -20.0 0.0 63 58 8.6
Retail Trade 54 53 60 1.9 -10.0 642 735 -12.7
Bankruptcies 38 36 49 5.6 -22.4 494 593 -16.7
Proposals 16 17 11 -5.9 45.5 148 142 4.2
Transportation and Warehousing 23 23 26 0.0 -11.5 307 381 -19.4
Bankruptcies 19 16 18 18.8 5.6 253 312 -18.9
Proposals 4 7 8 -42.9 -50.0 54 69 -21.7
Information and Cultural Industries 2 5 7 -60.0 -71.4 73 81 -9.9
Bankruptcies 2 5 4 -60.0 -50.0 51 50 2.0
Proposals 0 0 3 -100.0 22 31 -29.0
Finance and Insurance 4 10 14 -60.0 - 71.4 97 106 -8.5
Bankruptcies 2 10 11 -80.0 -81.8 71 86 -17.4
Proposals 2 0 3 -33.3 26 20 30.0
Real Estate and Rental and Leasing 6 9 16 -33.3 -62.5 132 187 -29.4
Bankruptcies 5 6 11 -16.7 -54.5 98 136 -27.9
Proposals 1 3 5 -66.7 -80.0 34 51 -33.3
Professional, Scientific and Technical Services 25 24 12 4.2 108.3 303 307 -1.3
Bankruptcies 18 18 9 0.0 100.0 207 226 -8.4
Proposals 7 6 3 16.7 133.3 96 81 18.5
Management of Companies and Enterprises 5 5 2 0.0 150.0 55 68 -19.1
Bankruptcies 3 5 1 -40.0 200.0 45 47 -4.3
Proposals 2 0 1 100.0 10 21 -52.4
Administrative and Support, Waste Management and Remediation Services 16 20 12 -20.0 33.3 217 214 1.4
Bankruptcies 12 13 12 -7.7 0.0 164 174 -5.7
Proposals 4 7 0 -42.9 53 40 32.5
Educational Services 0 3 4 -100.0 -100.0 28 43 -34.9
Bankruptcies 0 3 3 -100.0 -100.0 20 34 -41.2
Proposals 0 0 1 -100.0 8 9 -11.1
Health Care and Social Assistance 6 5 7 20.0 -14.3 84 63 33.3
Bankruptcies 6 2 6 200.0 0.0 63 45 40.0
Proposals 0 3 1 -100.0 -100.0 21 18 16.7
Arts, Entertainment and Recreation 2 7 2 -71.4 0.0 86 101 -14.9
Bankruptcies 2 6 2 -66.7 0.0 74 85 -12.9
Proposals 0 1 0 -100.0 12 16 -25.0
Accommodation and Food Services 53 58 50 -8.6 6.0 661 649 1.8
Bankruptcies 38 45 41 -15.6 -7.3 507 484 4.8
Proposals 15 13 9 15.4 66.7 154 165 -6.7
Other Services (except Public Administration) 19 23 25 -17.4 -24.0 291 291 0.0
Bankruptcies 16 22 22 -27.3 -27.3 232 249 -6.8
Proposals 3 1 3 200.0 0.0 59 42 40.5
Public Administration 0 0 1 -100.0 4 6 -33.3
Bankruptcies 0 0 0 3 3 0.0
Proposals 0 0 1 -100.0 1 3 -66.7
Total 370 375 360 -1.3 2.8 4,785 5,124 -6.6
Bankruptcies 275 291 284 -5.5 -3.2 3,634 4,002 -9.2
Proposals 95 84 76 13.1 25.0 1,151 1,122 2.6
Date modified: