Archived — Insolvency Statistics in Canada—February 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
Feb. 2012 Jan. 2012 Feb. 2011 Jan. 2012 to Feb. 2012 Feb. 2011 to Feb. 2012 02-29-2012 02-28-2011 % Change
Newfoundland and Labrador 154 118 157 30.5 -1.9 2,070 2,460 -15.9
Bankruptcies 143 106 147 34.9 -2.7 1,938 2,320 -16.5
Proposals 11 12 10 -8.3 10.0 132 140 -5.7
Prince Edward Island 55 49 47 12.2 17.0 645 611 5.6
Bankruptcies 44 37 40 18.9 10.0 528 546 -3.3
Proposals 11 12 7 -8.3 57.1 117 65 80.0
Nova Scotia 404 298 422 35.6 -4.3 4,605 5,260 -12.5
Bankruptcies 299 242 321 23.6 -6.9 3,621 4,266 -15.1
Proposals 105 56 101 87.5 4.0 984 994 -1.0
New Brunswick 337 300 266 12.3 26.7 3,732 3,704 0.8
Bankruptcies 244 236 224 3.4 8.9 2,985 3,113 -4.1
Proposals 93 64 42 45.3 121.4 747 591 26.4
Quebec 3,389 2,914 3,337 16.3 1.6 37,879 39,693 -4.6
Bankruptcies 2,328 2,040 2,384 14.1 -2.3 27,048 29,332 -7.8
Proposals 1,061 874 953 21.4 11.3 10,831 10,361 4.5
Ontario 4,254 3,614 4,136 17.7 2.9 52,099 57,389 -9.2
Bankruptcies 2,028 1,734 2,021 17.0 0.3 26,698 32,991 -19.1
Proposals 2,226 1,880 2,115 18.4 5.2 25,401 24,398 4.1
Manitoba 162 146 201 11.0 -19.4 2,178 2,709 -19.6
Bankruptcies 106 98 131 8.2 -19.1 1,529 1,998 -23.5
Proposals 56 48 70 16.7 -20.0 649 711 -8.7
Saskatchewan 153 176 162 -13.1 -5.6 2,172 2,406 -9.7
Bankruptcies 86 95 96 -9.5 -10.4 1,334 1,556 -14.3
Proposals 67 81 66 -17.3 1.5 838 850 -1.4
Alberta 827 805 886 2.7 -6.7 10,279 11,228 -8.5
Bankruptcies 558 537 658 3.9 -15.2 7,122 8,416 -15.4
Proposals 269 268 228 0.4 18.0 3,157 2,812 12.3
British Columbia 1,110 888 1,012 25.0 9.7 11,994 12,902 -7.0
Bankruptcies 726 568 749 27.8 -3.1 8,105 9,774 -17.1
Proposals 384 320 263 20.0 46.0 3,889 3,128 24.3
Northwest Territories 4 4 5 0.0 -20.0 46 46 0.0
Bankruptcies 4 1 2 300.0 100.0 34 30 13.3
Proposals 0 3 3 -100.0 -100.0 12 16 -25.0
Yukon 2 2 1 0.0 100.0 35 42 -16.7
Bankruptcies 2 1 0 100.0 30 37 -18.9
Proposals 0 1 1 -100.0 -100.0 5 5 0.0
Nunavut 1 0 1 0.0 7 5 40.0
Bankruptcies 0 0 1 -100.0 5 5 0.0
Proposals 1 0 0 2 0
Canada 10,852 9,314 10,633 16.5 2.1 127,741 138,455 -7.7
Bankruptcies 6,568 5,695 6,774 15.3 -3.0 80,977 94,384 -14.2
Proposals 4,284 3,619 3,859 18.4 11.0 46,764 44,071 6.1
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Feb. 2012 Jan. 2012 Feb. 2011 Jan. 2012 to Feb. 2012 Feb. 2011 to Feb. 2012 02-29-2012 02-28-2011 % Change
Newfoundland and Labrador 153 116 154 31.9 -0.6 2,045 2,437 -16.1
Bankruptcies 142 104 144 36.5 -1.4 1,915 2,299 -16.7
Proposals 11 12 10 -8.3 10.0 130 138 -5.8
Prince Edward Island 51 46 46 10.9 10.9 622 591 5.2
Bankruptcies 40 37 39 8.1 2.6 510 532 -4.1
Proposals 11 9 7 22.2 57.1 112 59 89.8
Nova Scotia 391 292 409 33.9 -4.4 4,498 5,083 -11.5
Bankruptcies 288 238 310 21.0 -7.1 3,531 4,122 -14.3
Proposals 103 54 99 90.7 4.0 967 961 0.6
New Brunswick 328 293 261 11.9 25.7 3,664 3,633 0.9
Bankruptcies 237 229 221 3.5 7.2 2,932 3,053 -4.0
Proposals 91 64 40 42.2 127.5 732 580 26.2
Quebec 3,214 2,744 3,163 17.1 1.6 35,734 37,622 -5.0
Bankruptcies 2,195 1,919 2,245 14.4 -2.2 25,480 27,809 -8.4
Proposals 1,019 825 918 23.5 11.0 10,254 9,813 4.5
Ontario 4,140 3,496 4,020 18.4 3.0 50,478 55,637 -9.3
Bankruptcies 1,938 1,643 1,932 18.0 0.3 25,421 31,551 -19.4
Proposals 2,202 1,853 2,088 18.8 5.5 25,057 24,086 4.0
Manitoba 155 142 194 9.2 -20.1 2,104 2,636 -20.2
Bankruptcies 102 95 128 7.4 -20.3 1,469 1,939 -24.2
Proposals 53 47 66 12.8 -19.7 635 697 -8.9
Saskatchewan 144 158 151 -8.9 -4.6 2,017 2,268 -11.1
Bankruptcies 81 81 88 0.0 -8.0 1,229 1,460 -15.8
Proposals 63 77 63 -18.2 0.0 788 808 -2.5
Alberta 789 780 860 1.2 -8.3 9,937 10,778 -7.8
Bankruptcies 533 517 636 3.1 -16.2 6,865 8,043 -14.6
Proposals 256 263 224 -2.7 14.3 3,072 2,735 12.3
British Columbia 1,077 871 1,000 23.7 7.7 11,736 12,646 -7.2
Bankruptcies 702 555 741 26.5 -5.3 7,906 9,561 -17.3
Proposals 375 316 259 18.7 44.8 3,830 3,085 24.1
Northwest Territories 4 4 5 0.0 -20.0 45 44 2.3
Bankruptcies 4 1 2 300.0 100.0 34 30 13.3
Proposals 0 3 3 -100.0 -100.0 11 14 -21.4
Yukon 2 2 1 0.0 100.0 34 40 -15.0
Bankruptcies 2 1 0 100.0 29 37 -21.6
Proposals 0 1 1 -100.0 -100.0 5 3 66.7
Nunavut 1 0 1 0.0 7 5 40.0
Bankruptcies 0 0 1 -100.0 5 5 0.0
Proposals 1 0 0 2 0
Canada 10,449 8,944 10,265 16.8 1.8 122,921 133,420 -7.9
Bankruptcies 6,264 5,420 6,487 15.6 -3.4 77,326 90,441 -14.5
Proposals 4,185 3,524 3,778 18.8 10.8 45,595 42,979 6.1
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Feb. 2012 Jan. 2012 Feb. 2011 Jan. 2012 to Feb. 2012 Feb. 2011 to Feb. 2012 02-29-2012 02-28-2011 % Change
Newfoundland and Labrador 1 2 3 -50.0 -66.7 25 23 8.7
Bankruptcies 1 2 3 -50.0 -66.7 23 21 9.5
Proposals 0 0 0 2 2 0.0
Prince Edward Island 4 3 1 33.3 300.0 23 20 15.0
Bankruptcies 4 0 1 300.0 18 14 28.6
Proposals 0 3 0 -100.0 5 6 -16.7
Nova Scotia 13 6 13 116.7 0.0 107 177 -39.5
Bankruptcies 11 4 11 175.0 0.0 90 144 -37.5
Proposals 2 2 2 0.0 0.0 17 33 -48.5
New Brunswick 9 7 5 28.6 80.0 68 71 -4.2
Bankruptcies 7 7 3 0.0 133.3 53 60 -11.7
Proposals 2 0 2 0.0 15 11 36.4
Quebec 175 170 174 2.9 0.6 2,145 2,071 3.6
Bankruptcies 133 121 139 9.9 -4.3 1,568 1,523 3.0
Proposals 42 49 35 -14.3 20.0 577 548 5.3
Ontario 114 118 116 -3.4 -1.7 1,621 1,752 -7.5
Bankruptcies 90 91 89 -1.1 1.1 1,277 1,440 -11.3
Proposals 24 27 27 -11.1 -11.1 344 312 10.3
Manitoba 7 4 7 75.0 0.0 74 73 1.4
Bankruptcies 4 3 3 33.3 33.3 60 59 1.7
Proposals 3 1 4 200.0 -25.0 14 14 0.0
Saskatchewan 9 18 11 -50.0 -18.2 155 138 12.3
Bankruptcies 5 14 8 -64.3 -37.5 105 96 9.4
Proposals 4 4 3 0.0 33.3 50 42 19.0
Alberta 38 25 26 52.0 46.2 342 450 -24.0
Bankruptcies 25 20 22 25.0 13.6 257 373 -31.1
Proposals 13 5 4 160.0 225.0 85 77 10.4
British Columbia 33 17 12 94.1 175.0 258 256 0.8
Bankruptcies 24 13 8 84.6 200.0 199 213 -6.6
Proposals 9 4 4 125.0 125.0 59 43 37.2
Northwest Territories 0 0 0 1 2 -50.0
Bankruptcies 0 0 0 0 0
Proposals 0 0 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 403 370 368 8.9 9.5 4,820 5,035 -4.3
Bankruptcies 304 275 287 10.5 5.9 3,651 3,943 -7.4
Proposals 99 95 81 4.2 22.2 1,169 1,092 7.1
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Province Volume % Change 12-Month Period Ending
Feb. 2012 Jan. 2012 Feb. 2011 Jan. 2012 to Feb. 2012 Feb. 2011 to Feb. 2012 02-29-2012 02-28-2011 % Change
Agriculture, Forestry, Fishing and Hunting 13 9 13 44.4 0.0 136 135 0.7
Bankruptcies 11 7 10 57.1 10.0 96 93 3.2
Proposals 2 2 3 0.0 -33.3 40 42 -4.8
Mining and Oil and Gas Extraction 0 2 1 -100.0 -100.0 20 52 -61.5
Bankruptcies 0 1 0 -100.0 14 34 -58.8
Proposals 0 1 1 -100.0 -100.0 6 18 -66.7
Utilities 0 3 0 -100.0 17 8 112.5
Bankruptcies 0 2 0 -100.0 12 8 50.0
Proposals 0 1 0 -100.0 5 0
Construction 70 77 76 -9.1 -7.9 797 833 -4.3
Bankruptcies 48 55 62 -12.7 -22.6 615 681 -9.7
Proposals 22 22 14 0.0 57.1 182 152 19.7
Manufacturing 40 42 32 -4.8 25.0 568 531 7.0
Bankruptcies 31 31 21 0.0 47.6 407 396 2.8
Proposals 9 11 11 -18.2 -18.2 161 135 19.3
Wholesale Trade 21 22 21 -4.5 0.0 267 296 -9.8
Bankruptcies 15 18 16 -16.7 -6.3 203 236 -14.0
Proposals 6 4 5 50.0 20.0 64 60 6.7
Retail Trade 41 54 50 -24.1 -18.0 633 720 -12.1
Bankruptcies 31 38 40 -18.4 -22.5 485 582 -16.7
Proposals 10 16 10 -37.5 0.0 148 138 7.2
Transportation and Warehousing 20 23 18 -13.0 11.1 309 359 -13.9
Bankruptcies 16 19 16 -15.8 0.0 253 297 -14.8
Proposals 4 4 2 0.0 100.0 56 62 -9.7
Information and Cultural Industries 5 2 4 150.0 25.0 74 80 -7.5
Bankruptcies 5 2 3 150.0 66.7 53 51 3.9
Proposals 0 0 1 -100.0 21 29 -27.6
Finance and Insurance 9 4 2 125.0 350.0 104 102 2.0
Bankruptcies 8 2 2 300.0 300.0 77 82 -6.1
Proposals 1 2 0 -50.0 27 20 35.0
Real Estate and Rental and Leasing 16 6 20 166.7 -20.0 128 190 -32.6
Bankruptcies 11 5 14 120.0 -21.4 95 142 -33.1
Proposals 5 1 6 400.0 -16.7 33 48 -31.3
Professional, Scientific and Technical Services 30 25 25 20.0 20.0 308 303 1.7
Bankruptcies 21 18 21 16.7 0.0 207 227 -8.8
Proposals 9 7 4 28.6 125.0 101 76 32.9
Management of Companies and Enterprises 7 5 2 40.0 250.0 60 68 -11.8
Bankruptcies 5 3 1 66.7 400.0 49 47 4.3
Proposals 2 2 1 0.0 100.0 11 21 -47.6
Administrative and Support, Waste Management and Remediation Services 26 16 14 62.5 85.7 229 211 8.5
Bankruptcies 17 12 9 41.7 88.9 172 168 2.4
Proposals 9 4 5 125.0 80.0 57 43 32.6
Educational Services 6 0 0 34 42 -19.0
Bankruptcies 5 0 0 25 33 -24.2
Proposals 1 0 0 9 9 0.0
Health Care and Social Assistance 3 6 4 -50.0 -25.0 83 59 40.7
Bankruptcies 2 6 4 -66.7 -50.0 61 42 45.2
Proposals 1 0 0 22 17 29.4
Arts, Entertainment and Recreation 10 2 7 400.0 42.9 89 94 -5.3
Bankruptcies 9 2 6 350.0 50.0 77 78 -1.3
Proposals 1 0 1 0.0 12 16 -25.0
Accommodation and Food Services 57 53 50 7.5 14.0 668 649 2.9
Bankruptcies 45 38 39 18.4 15.4 513 490 4.7
Proposals 12 15 11 -20.0 9.1 155 159 -2.5
Other Services (except Public Administration) 29 19 29 52.6 0.0 291 297 -2.0
Bankruptcies 24 16 23 50.0 4.3 233 253 -7.9
Proposals 5 3 6 66.7 -16.7 58 44 31.8
Public Administration 0 0 0 4 6 -33.3
Bankruptcies 0 0 0 3 3 0.0
Proposals 0 0 0 1 3 -66.7
Total 403 370 368 8.9 9.5 4,820 5,035 -4.3
Bankruptcies 304 275 287 10.5 5.9 3,651 3,943 -7.4
Proposals 99 95 81 4.2 22.2 1,169 1,092 7.1
Date modified: