Archived — Insolvency Statistics in Canada—April 2012

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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
April 2012 March 2012 April 2011 March 2012 to April 2012 April 2011 to April 2012 04-30-2012 04-30-2011 % Change
Newfoundland and Labrador 164 164 191 0.0 -14.1 1,965 2,361 -16.8
Bankruptcies 148 156 183 -5.1 -19.1 1,833 2,220 -17.4
Proposals 16 8 8 100.0 100.0 132 141 -6.4
Prince Edward Island 59 43 58 37.2 1.7 603 651 -7.4
Bankruptcies 38 38 51 0.0 -25.5 476 582 -18.2
Proposals 21 5 7 320.0 200.0 127 69 84.1
Nova Scotia 404 408 405 -1.0 -0.2 4 491 5 191 -13.5
Bankruptcies 323 312 350 3.5 -7.7 3,494 4,180 -16.4
Proposals 81 96 55 -15.6 47.3 997 1,011 -1.4
New Brunswick 318 379 340 -16.1 -6.5 3,768 3,641 3.5
Bankruptcies 240 288 289 -16.7 -17.0 2,966 3,032 -2.2
Proposals 78 91 51 -14.3 52.9 802 609 31.7
Quebec 3,257 3,544 3,336 -8.1 -2.4 37,745 39,327 -4.0
Bankruptcies 2,252 2,348 2,436 -4.1 -7.6 26,671 29,005 -8.0
Proposals 1,005 1,196 900 -16.0 11.7 11,074 10,322 7.3
Ontario 4,255 4,488 4,662 -5.2 -8.7 50,870 56,271 -9.6
Bankruptcies 2,164 2,197 2,446 -1.5 -11.5 25,915 31,470 -17.7
Proposals 2,091 2,291 2,216 -8.7 -5.6 24,955 24,801 0.6
Manitoba 172 171 171 0.6 0.6 2,109 2,572 -18.0
Bankruptcies 119 112 116 6.3 2.6 1,473 1,878 -21.6
Proposals 53 59 55 -10.2 -3.6 636 694 -8.4
Saskatchewan 153 193 206 -20.7 -25.7 2,079 2,398 -13.3
Bankruptcies 91 112 131 -18.8 -30.5 1,257 1,541 -18.4
Proposals 62 81 75 -23.5 -17.3 822 857 -4.1
Alberta 819 933 927 -12.2 -11.7 10,141 11,034 -8.1
Bankruptcies 543 587 657 -7.5 -17.4 6,889 8,174 -15.7
Proposals 276 346 270 -20.2 2.2 3,252 2,860 13.7
British Columbia 1,129 1,105 1,016 2.2 11.1 12,068 12,597 -4.2
Bankruptcies 752 699 736 7.6 2.2 7,992 9,453 -15.5
Proposals 377 406 280 -7.1 34.6 4,076 3,144 29.6
Northwest Territories 5 10 6 -50.0 -16.7 49 48 2.1
Bankruptcies 2 5 5 -60.0 -60.0 32 30 6.7
Proposals 3 5 1 -40.0 200.0 17 18 -5.6
Yukon 2 1 4 100.0 -50.0 30 42 -28.6
Bankruptcies 2 1 4 100.0 -50.0 26 37 -29.7
Proposals 0 0 0 4 5 -20.0
Nunavut 0 0 1 -100.0 5 6 -16.7
Bankruptcies 0 0 1 -100.0 3 6 -50.0
Proposals 0 0 0 2 0
Canada 10,737 11,439 11,323 -6.1 -5.2 125,923 136,139 -7.5
Bankruptcies 6,674 6,855 7,405 -2.6 -9.9 79,027 91,608 -13.7
Proposals 4,063 4,584 3,918 -11.4 3.7 46,896 44,531 5.3
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
April 2012 March 2012 April 2011 March 2012 to April 2012 April 2011 to April 2012 04-30-2012 04-30-2011 % Change
Newfoundland and Labrador 163 160 187 1.9 -12.8 1,945 2,331 -16.6
Bankruptcies 147 152 179 -3.3 -17.9 1,815 2,192 -17.2
Proposals 16 8 8 100.0 100.0 130 139 -6.5
Prince Edward Island 59 40 56 47.5 5.4 581 630 -7.8
Bankruptcies 38 35 50 8.6 -24.0 458 568 -19.4
Proposals 21 5 6 320.0 250.0 123 62 98.4
Nova Scotia 398 401 397 -0.7 0.3 4,395 5,024 -12.5
Bankruptcies 318 306 344 3.9 -7.6 3,415 4,044 -15.6
Proposals 80 95 53 -15.8 50.9 980 980 0.0
New Brunswick 309 377 334 -18.0 -7.5 3,700 3,581 3.3
Bankruptcies 236 286 284 -17.5 -16.9 2,915 2,983 -2.3
Proposals 73 91 50 -19.8 46.0 785 598 31.3
Quebec 3,091 3,368 3,141 -8.2 -1.6 35,676 37,270 -4.3
Bankruptcies 2,122 2,229 2,285 -4.8 -7.1 25,160 27,480 -8.4
Proposals 969 1,139 856 -14.9 13.2 10,516 9,790 7.4
Ontario 4,140 4,333 4,537 -4.5 -8.8 49,309 54,551 -9.6
Bankruptcies 2,079 2,078 2,343 0.0 -11.3 24,696 30,070 -17.9
Proposals 2,061 2,255 2,194 -8.6 -6.1 24,613 24,481 0.5
Manitoba 172 165 166 4.2 3.6 2,044 2,505 -18.4
Bankruptcies 119 108 111 10.2 7.2 1,421 1,825 -22.1
Proposals 53 57 55 -7.0 -3.6 623 680 -8.4
Saskatchewan 139 181 196 -23.2 -29.1 1,930 2,253 -14.3
Bankruptcies 81 103 123 -21.4 -34.1 1,151 1,444 -20.3
Proposals 58 78 73 -25.6 -20.5 779 809 -3.7
Alberta 794 908 905 -12.6 -12.3 9,799 10,643 -7.9
Bankruptcies 523 568 640 -7.9 -18.3 6,636 7,843 -15.4
Proposals 271 340 265 -20.3 2.3 3,163 2,800 13.0
British Columbia 1,103 1,076 992 2.5 11.2 11,799 12,364 -4.6
Bankruptcies 731 680 718 7.5 1.8 7,786 9,264 -16.0
Proposals 372 396 274 -6.1 35.8 4,013 3,100 29.5
Northwest Territories 4 10 6 -60.0 -33.3 48 45 6.7
Bankruptcies 2 5 5 -60.0 -60.0 32 30 6.7
Proposals 2 5 1 -60.0 100.0 16 15 6.7
Yukon 2 1 4 100.0 -50.0 29 41 -29.3
Bankruptcies 2 1 4 100.0 -50.0 25 37 -32.4
Proposals 0 0 0 4 4 0.0
Nunavut 0 0 1 -100.0 5 6 -16.7
Bankruptcies 0 0 1 -100.0 3 6 -50.0
Proposals 0 0 0 2 0
Canada 10,374 11,020 10,922 -5.9 -5.0 121,260 131,244 -7.6
Bankruptcies 6,398 6,551 7,087 -2.3 -9.7 75,513 87,786 -14.0
Proposals 3,976 4,469 3,835 -11.0 3.7 45,747 43,458 5.3
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
April 2012 March 2012 April 2011 March 2012 to April 2012 April 2011 to April 2012 04-30-2012 04-30-2011 % Change
Newfoundland and Labrador 1 4 4 -75.0 -75.0 20 30 -33.3
Bankruptcies 1 4 4 -75.0 -75.0 18 28 -35.7
Proposals 0 0 0 2 2 0.0
Prince Edward Island 0 3 2 -100.0 -100.0 22 21 4.8
Bankruptcies 0 3 1 -100.0 -100.0 18 14 28.6
Proposals 0 0 1 -100.0 4 7 -42.9
Nova Scotia 6 7 8 -14.3 -25.0 96 167 -42.5
Bankruptcies 5 6 6 -16.7 -16.7 79 136 -41.9
Proposals 1 1 2 0.0 -50.0 17 31 -45.2
New Brunswick 9 2 6 350.0 50.0 68 60 13.3
Bankruptcies 4 2 5 100.0 -20.0 51 49 4.1
Proposals 5 0 1 400.0 17 11 54.5
Quebec 166 176 195 -5.7 -14.9 2,069 2,057 0.6
Bankruptcies 130 119 151 9.2 -13.9 1,511 1,525 -0.9
Proposals 36 57 44 -36.8 -18.2 558 532 4.9
Ontario 115 155 125 -25.8 -8.0 1,561 1,720 -9.2
Bankruptcies 85 119 103 -28.6 -17.5 1,219 1,400 -12.9
Proposals 30 36 22 -16.7 36.4 342 320 6.9
Manitoba 0 6 5 -100.0 -100.0 65 67 -3.0
Bankruptcies 0 4 5 -100.0 -100.0 52 53 -1.9
Proposals 0 2 0 -100.0 13 14 -7.1
Saskatchewan 14 12 10 16.7 40.0 149 145 2.8
Bankruptcies 10 9 8 11.1 25.0 106 97 9.3
Proposals 4 3 2 33.3 100.0 43 48 -10.4
Alberta 25 25 22 0.0 13.6 342 391 -12.5
Bankruptcies 20 19 17 5.3 17.6 253 331 -23.6
Proposals 5 6 5 -16.7 0.0 89 60 48.3
British Columbia 26 29 24 -10.3 8.3 269 233 15.5
Bankruptcies 21 19 18 10.5 16.7 206 189 9.0
Proposals 5 10 6 -50.0 -16.7 63 44 43.2
Northwest Territories 1 0 0 1 3 -66.7
Bankruptcies 0 0 0 0 0
Proposals 1 0 0 1 3 -66.7
Yukon 0 0 0 1 1 0.0
Bankruptcies 0 0 0 1 0
Proposals 0 0 0 0 1 -100.0
Nunavut 0 0 0 0 0
Bankruptcies 0 0 0 0 0
Proposals 0 0 0 0 0
Canada 363 419 401 -13.4 -9.5 4,663 4,895 -4.7
Bankruptcies 276 304 318 -9.2 -13.2 3,514 3,822 -8.1
Proposals 87 115 83 -24.3 4.8 1,149 1,073 7.1
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Sector Volume % Change 12-Month Period Ending
April 2012 March 2012 April 2011 March 2012 to April 2012 April 2011 to April 2012 04-30-2012 04-30-2011 % Change
Agriculture, Forestry, Fishing and Hunting 11 6 12 83.3 -8.3 121 139 -12.9
Bankruptcies 8 6 5 33.3 60.0 92 93 -1.1
Proposals 3 0 7 -57.1 29 46 -37.0
Mining and Oil and Gas Extraction 3 0 3 0.0 19 43 -55.8
Bankruptcies 3 0 3 0.0 13 28 -53.6
Proposals 0 0 0 6 15 -60.0
Utilities 3 1 2 200.0 50.0 16 9 77.8
Bankruptcies 2 1 1 100.0 100.0 12 7 71.4
Proposals 1 0 1 0.0 4 2 100.0
Construction 62 94 55 -34.0 12.7 802 802 0.0
Bankruptcies 52 69 45 -24.6 15.6 616 652 -5.5
Proposals 10 25 10 -60.0 0.0 186 150 24.0
Manufacturing 37 41 57 -9.8 -35.1 527 538 -2.0
Bankruptcies 30 26 44 15.4 -31.8 382 388 -1.5
Proposals 7 15 13 -53.3 -46.2 145 150 -3.3
Wholesale Trade 18 26 23 -30.8 -21.7 259 290 -10.7
Bankruptcies 12 21 19 -42.9 -36.8 197 225 -12.4
Proposals 6 5 4 20.0 50.0 62 65 -4.6
Retail Trade 59 60 55 -1.7 7.3 618 708 -12.7
Bankruptcies 50 41 47 22.0 6.4 463 573 -19.2
Proposals 9 19 8 -52.6 12.5 155 135 14.8
Transportation and Warehousing 22 19 32 15.8 -31.3 292 329 -11.2
Bankruptcies 16 14 27 14.3 -40.7 232 274 -15.3
Proposals 6 5 5 20.0 20.0 60 55 9.1
Information and Cultural Industries 6 6 8 0.0 -25.0 69 83 -16.9
Bankruptcies 6 6 6 0.0 0.0 52 55 -5.5
Proposals 0 0 2 -100.0 17 28 -39.3
Finance and Insurance 3 9 11 -66.7 -72.7 94 107 -12.1
Bankruptcies 2 7 10 -71.4 -80.0 66 88 -25.0
Proposals 1 2 1 -50.0 0.0 28 19 47.4
Real Estate and Rental and Leasing 9 15 12 -40.0 -25.0 126 167 -24.6
Bankruptcies 4 10 10 -60.0 -60.0 91 133 -31.6
Proposals 5 5 2 0.0 150.0 35 34 2.9
Professional, Scientific and Technical Services 17 28 23 -39.3 -26.1 292 296 -1.4
Bankruptcies 10 21 16 -52.4 -37.5 203 216 -6.0
Proposals 7 7 7 0.0 0.0 89 80 11.3
Management of Companies and Enterprises 3 5 5 -40.0 -40.0 58 49 18.4
Bankruptcies 3 4 5 -25.0 -40.0 46 42 9.5
Proposals 0 1 0 -100.0 12 7 71.4
Administrative and Support, Waste Management and Remediation Services 11 15 18 -26.7 -38.9 217 206 5.3
Bankruptcies 9 10 13 -10.0 -30.8 163 169 -3.6
Proposals 2 5 5 -60.0 -60.0 54 37 45.9
Educational Services 1 4 4 -75.0 -75.0 31 41 -24.4
Bankruptcies 1 3 4 -66.7 -75.0 22 34 -35.3
Proposals 0 1 0 -100.0 9 7 28.6
Health Care and Social Assistance 5 3 12 66.7 -58.3 66 67 -1.5
Bankruptcies 4 3 8 33.3 -50.0 47 53 -11.3
Proposals 1 0 4 -75.0 19 14 35.7
Arts, Entertainment and Recreation 4 9 5 -55.6 -20.0 91 82 11.0
Bankruptcies 4 7 5 -42.9 -20.0 78 72 8.3
Proposals 0 2 0 -100.0 13 10 30.0
Accommodation and Food Services 64 57 39 12.3 64.1 678 631 7.4
Bankruptcies 41 36 33 13.9 24.2 503 468 7.5
Proposals 23 21 6 9.5 283.3 175 163 7.4
Other Services (except Public Administration) 24 19 25 26.3 -4.0 279 304 -8.2
Bankruptcies 19 17 17 11.8 11.8 230 250 -8.0
Proposals 5 2 8 150.0 -37.5 49 54 -9.3
Public Administration 1 2 0 -50.0 7 4 75.0
Bankruptcies 0 2 0 -100.0 5 2 150.0
Proposals 1 0 0 2 2 0.0
Total 363 419 401 -13.4 -9.5 4,663 4,895 -4.7
Bankruptcies 276 304 318 -9.2 -13.2 3,514 3,822 -8.1
Proposals 87 115 83 -24.3 4.8 1,149 1,073 7.1
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