Archived — Insolvency Statistics in Canada—June 2012

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Insolvency Statistics in Canada - June 2012

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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 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
June 2012 May 2012 June 2011 May 2012 to June 2012 June 2011 to June 2012 06-30-2012 06-30-2011 % Change
Newfoundland and Labrador 161 178 168 -9.6 -4.2 1,922 2,282 -15.8
Bankruptcies 146 157 161 -7.0 -9.3 1,779 2,147 -17.1
Proposals 15 21 7 -28.6 114.3 143 135 5.9
Prince Edward Island 55 52 61 5.8 -9.8 606 655 -7.5
Bankruptcies 40 38 52 5.3 -23.1 464 578 -19.7
Proposals 15 14 9 7.1 66.7 142 77 84.4
Nova Scotia 379 420 418 -9.8 -9.3 4,516 5,073 -11.0
Bankruptcies 284 333 338 -14.7 -16.0 3,487 4,080 -14.5
Proposals 95 87 80 9.2 18.8 1,029 993 3.6
New Brunswick 349 366 350 -4.6 -0.3 3,846 3,629 6.0
Bankruptcies 271 302 303 -10.3 -10.6 2,998 3,036 -1.3
Proposals 78 64 47 21.9 66.0 848 593 43.0
Quebec 2,941 3,494 3,087 -15.8 -4.7 37,728 39,052 -3.4
Bankruptcies 2,039 2,430 2,265 -16.1 -10.0 26,450 28,623 -7.6
Proposals 902 1,064 822 -15.2 9.7 11,278 10,429 8.1
Ontario 4,174 4,641 4,573 -10.1 -8.7 50,603 55,411 -8.7
Bankruptcies 2,094 2,264 2,398 -7.5 -12.7 25,539 30,104 -15.2
Proposals 2,080 2,377 2,175 -12.5 -4.4 25,064 25,307 -1.0
Manitoba 163 179 212 -8.9 -23.1 2,058 2,499 -17.6
Bankruptcies 107 116 157 -7.8 -31.8 1,403 1,820 -22.9
Proposals 56 63 55 -11.1 1.8 655 679 -3.5
Saskatchewan 168 167 181 0.6 -7.2 2,033 2,353 -13.6
Bankruptcies 100 97 112 3.1 -10.7 1,221 1,491 -18.1
Proposals 68 70 69 -2.9 -1.4 812 862 -5.8
Alberta 840 826 952 1.7 -11.8 9,988 10,874 -8.1
Bankruptcies 506 543 665 -6.8 -23.9 6,634 7,970 -16.8
Proposals 334 283 287 18.0 16.4 3,354 2,904 15.5
British Columbia 1,013 1,072 1,011 -5.5 0.2 12,162 12,375 -1.7
Bankruptcies 652 711 678 -8.3 -3.8 7,982 9,106 -12.3
Proposals 361 361 333 0.0 8.4 4,180 3,269 27.9
Northwest Territories 3 1 4 200.0 -25.0 47 43 9.3
Bankruptcies 2 1 3 100.0 -33.3 32 26 23.1
Proposals 1 0 1 -- 0.0 15 17 -11.8
Yukon 3 1 2 200.0 50.0 30 41 -26.8
Bankruptcies 2 1 2 100.0 0.0 25 37 -32.4
Proposals 1 0 0 -- -- 5 4 25.0
Nunavut 0 0 2 -- -100.0 3 8 -62.5
Bankruptcies 0 0 2 -- -100.0 1 8 -87.5
Proposals 0 0 0 -- -- 2 0 --
Canada 10,249 11,397 11,021 -10.1 -7.0 125,542 134,295 -6.5
Bankruptcies 6,243 6,993 7,136 -10.7 -12.5 78,015 89,026 -12.4
Proposals 4,006 4,404 3,885 -9.0 3.1 47,527 45,269 5.0
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
June 2012 May 2012 June 2011 May 2012 to June 2012 June 2011 to June 2012 06-30-2012 06-30-2011 % Change
Newfoundland and Labrador 161 178 165 -9.6 -2.4 1,905 2,254 -15.5
Bankruptcies 146 157 158 -7.0 -7.6 1,764 2,121 -16.8
Proposals 15 21 7 -28.6 114.3 141 133 6.0
Prince Edward Island 52 52 60 0.0 -13.3 583 634 -8.0
Bankruptcies 38 38 51 0.0 -25.5 445 565 -21.2
Proposals 14 14 9 0.0 55.6 138 69 100.0
Nova Scotia 370 411 406 -10.0 -8.9 4,427 4,913 -9.9
Bankruptcies 275 325 328 -15.4 -16.2 3,412 3,945 -13.5
Proposals 95 86 78 10.5 21.8 1,015 968 4.9
New Brunswick 346 360 346 -3.9 0.0 3,783 3,562 6.2
Bankruptcies 268 296 301 -9.5 -11.0 2,949 2,983 -1.1
Proposals 78 64 45 21.9 73.3 834 579 44.0
Quebec 2,778 3,292 2,920 -15.6 -4.9 35,671 36,965 -3.5
Bankruptcies 1,911 2,295 2,143 -16.7 -10.8 24,948 27,063 -7.8
Proposals 867 997 777 -13.0 11.6 10,723 9,902 8.3
Ontario 4,063 4,528 4,407 -10.3 -7.8 49,117 53,718 -8.6
Bankruptcies 2,010 2,186 2,260 -8.1 -11.1 24,396 28,753 -15.2
Proposals 2,053 2,342 2,147 -12.3 -4.4 24,721 24,965 -1.0
Manitoba 158 175 208 -9.7 -24.0 1,990 2,434 -18.2
Bankruptcies 106 112 153 -5.4 -30.7 1,350 1,770 -23.7
Proposals 52 63 55 -17.5 -5.5 640 664 -3.6
Saskatchewan 160 153 167 4.6 -4.2 1,887 2,205 -14.4
Bankruptcies 94 89 104 5.6 -9.6 1,118 1,394 -19.8
Proposals 66 64 63 3.1 4.8 769 811 -5.2
Alberta 809 791 919 2.3 -12.0 9,641 10,486 -8.1
Bankruptcies 484 515 649 -6.0 -25.4 6,369 7,659 -16.8
Proposals 325 276 270 17.8 20.4 3,272 2,827 15.7
British Columbia 1,004 1,053 986 -4.7 1.8 11,909 12,133 -1.8
Bankruptcies 644 695 658 -7.3 -2.1 7,786 8,912 -12.6
Proposals 360 358 328 0.6 9.8 4,123 3,221 28.0
Northwest Territories 3 1 4 200.0 -25.0 46 40 15.0
Bankruptcies 2 1 3 100.0 -33.3 32 26 23.1
Proposals 1 0 1 -- 0.0 14 14 0.0
Yukon 3 0 2 -- 50.0 28 40 -30.0
Bankruptcies 2 0 2 -- 0.0 23 37 -37.8
Proposals 1 0 0 -- -- 5 3 66.7
Nunavut 0 0 2 -- -100.0 3 8 -62.5
Bankruptcies 0 0 2 -- -100.0 1 8 -87.5
Proposals 0 0 0 -- -- 2 0 --
Canada 9,907 10,994 10,592 -9.9 -6.5 120,990 129,392 -6.5
Bankruptcies 5,980 6,709 6,812 -10.9 -12.2 74,593 85,236 -12.5
Proposals 3,927 4,285 3,780 -8.4 3.9 46,397 44,156 5.1
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
June 2012 May 2012 June 2011 May 2012 to June 2012 June 2011 to June 2012 06-30-2012 06-30-2011 % Change
Newfoundland and Labrador 0 0 3 -- -100.0 17 28 -39.3
Bankruptcies 0 0 3 -- -100.0 15 26 -42.3
Proposals 0 0 0 -- -- 2 2 0.0
Prince Edward Island 3 0 1 -- 200.0 23 21 9.5
Bankruptcies 2 0 1 -- 100.0 19 13 46.2
Proposals 1 0 0 -- -- 4 8 -50.0
Nova Scotia 9 9 12 0.0 -25.0 89 160 -44.4
Bankruptcies 9 8 10 12.5 -10.0 75 135 -44.4
Proposals 0 1 2 -100.0 -100.0 14 25 -44.0
New Brunswick 3 6 4 -50.0 -25.0 63 67 -6.0
Bankruptcies 3 6 2 -50.0 50.0 49 53 -7.5
Proposals 0 0 2 -- -100.0 14 14 0.0
Quebec 163 202 167 -19.3 -2.4 2,057 2,087 -1.4
Bankruptcies 128 135 122 -5.2 4.9 1,502 1,560 -3.7
Proposals 35 67 45 -47.8 -22.2 555 527 5.3
Ontario 111 113 166 -1.8 -33.1 1,486 1,693 -12.2
Bankruptcies 84 78 138 7.7 -39.1 1,143 1,351 -15.4
Proposals 27 35 28 -22.9 -3.6 343 342 0.3
Manitoba 5 4 4 25.0 25.0 68 65 4.6
Bankruptcies 1 4 4 -75.0 -75.0 53 50 6.0
Proposals 4 0 0 -- -- 15 15 0.0
Saskatchewan 8 14 14 -42.9 -42.9 146 148 -1.4
Bankruptcies 6 8 8 -25.0 -25.0 103 97 6.2
Proposals 2 6 6 -66.7 -66.7 43 51 -15.7
Alberta 31 35 33 -11.4 -6.1 347 388 -10.6
Bankruptcies 22 28 16 -21.4 37.5 265 311 -14.8
Proposals 9 7 17 28.6 -47.1 82 77 6.5
British Columbia 9 19 25 -52.6 -64.0 253 242 4.5
Bankruptcies 8 16 20 -50.0 -60.0 196 194 1.0
Proposals 1 3 5 -66.7 -80.0 57 48 18.8
Northwest Territories 0 0 0 -- -- 1 3 -66.7
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 1 3 -66.7
Yukon 0 1 0 -100.0 -- 2 1 100.0
Bankruptcies 0 1 0 -100.0 -- 2 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 342 403 429 -15.1 -20.3 4,552 4,903 -7.2
Bankruptcies 263 284 324 -7.4 -18.8 3,422 3,790 -9.7
Proposals 79 119 105 -33.6 -24.8 1,130 1,113 1.5
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Economic Sector Volume % Change 12-Month Period Ending
June 2012 May 2012 June 2011 May 2012 to June 2012 June 2011 to June 2012 06-30-2012 06-30-2011 % Change
Agriculture, Forestry, Fishing and Hunting 13 14 5 -7.1 160.0 133 125 6.4
Bankruptcies 10 10 5 0.0 100.0 103 80 28.8
Proposals 3 4 0 -25.0 -- 30 45 -33.3
Mining and Oil and Gas Extraction 3 2 1 50.0 200.0 20 41 -51.2
Bankruptcies 2 2 1 0.0 100.0 14 26 -46.2
Proposals 1 0 0 -- -- 6 15 -60.0
Utilities 2 1 2 100.0 0.0 16 11 45.5
Bankruptcies 2 1 1 100.0 100.0 13 8 62.5
Proposals 0 0 1 -- -100.0 3 3 0.0
Construction 78 76 85 2.6 -8.2 797 823 -3.2
Bankruptcies 56 55 62 1.8 -9.7 607 660 -8.0
Proposals 22 21 23 4.8 -4.3 190 163 16.6
Manufacturing 25 39 45 -35.9 -44.4 505 527 -4.2
Bankruptcies 17 23 29 -26.1 -41.4 364 364 0.0
Proposals 8 16 16 -50.0 -50.0 141 163 -13.5
Wholesale Trade 24 19 22 26.3 9.1 251 284 -11.6
Bankruptcies 18 12 15 50.0 20.0 188 223 -15.7
Proposals 6 7 7 -14.3 -14.3 63 61 3.3
Retail Trade 47 50 34 -6.0 38.2 631 687 -8.2
Bankruptcies 34 38 27 -10.5 25.9 474 543 -12.7
Proposals 13 12 7 8.3 85.7 157 144 9.0
Transportation and Warehousing 24 19 34 26.3 -29.4 271 327 -17.1
Bankruptcies 20 15 30 33.3 -33.3 213 274 -22.3
Proposals 4 4 4 0.0 0.0 58 53 9.4
Information and Cultural Industries 6 6 8 0.0 -25.0 66 82 -19.5
Bankruptcies 5 5 7 0.0 -28.6 53 53 0.0
Proposals 1 1 1 0.0 0.0 13 29 -55.2
Finance and Insurance 4 8 14 -50.0 -71.4 83 116 -28.4
Bankruptcies 4 7 7 -42.9 -42.9 62 93 -33.3
Proposals 0 1 7 -100.0 -100.0 21 23 -8.7
Real Estate and Rental and Leasing 3 9 10 -66.7 -70.0 113 164 -31.1
Bankruptcies 3 4 8 -25.0 -62.5 76 133 -42.9
Proposals 0 5 2 -100.0 -100.0 37 31 19.4
Professional, Scientific and Technical Services 20 26 28 -23.1 -28.6 287 290 -1.0
Bankruptcies 15 18 21 -16.7 -28.6 205 209 -1.9
Proposals 5 8 7 -37.5 -28.6 82 81 1.2
Management of Companies and Enterprises 5 7 4 -28.6 25.0 58 51 13.7
Bankruptcies 5 5 2 0.0 150.0 46 43 7.0
Proposals 0 2 2 -100.0 -100.0 12 8 50.0
Administrative and Support, Waste Management and Remediation Services 20 23 13 -13.0 53.8 232 201 15.4
Bankruptcies 15 16 12 -6.3 25.0 170 164 3.7
Proposals 5 7 1 -28.6 400.0 62 37 67.6
Educational Services 2 5 5 -60.0 -60.0 32 39 -17.9
Bankruptcies 2 3 1 -33.3 100.0 26 27 -3.7
Proposals 0 2 4 -100.0 -100.0 6 12 -50.0
Health Care and Social Assistance 3 6 8 -50.0 -62.5 57 78 -26.9
Bankruptcies 3 4 5 -25.0 -40.0 41 60 -31.7
Proposals 0 2 3 -100.0 -100.0 16 18 -11.1
Arts, Entertainment and Recreation 6 6 14 0.0 -57.1 77 91 -15.4
Bankruptcies 5 5 12 0.0 -58.3 66 81 -18.5
Proposals 1 1 2 0.0 -50.0 11 10 10.0
Accommodation and Food Services 46 64 66 -28.1 -30.3 657 650 1.1
Bankruptcies 37 41 54 -9.8 -31.5 480 491 -2.2
Proposals 9 23 12 -60.9 -25.0 177 159 11.3
Other Services (except Public Administration) 11 23 30 -52.2 -63.3 259 311 -16.7
Bankruptcies 10 20 24 -50.0 -58.3 216 255 -15.3
Proposals 1 3 6 -66.7 -83.3 43 56 -23.2
Public Administration 0 0 0 -- -- 7 4 75.0
Bankruptcies 0 0 0 -- -- 5 2 150.0
Proposals 0 0 0 -- -- 2 2 0.0
Total 342 403 429 -15.1 -20.3 4,552 4,903 -7.2
Bankruptcies 263 284 324 -7.4 -18.8 3,422 3,790 -9.7
Proposals 79 119 105 -33.6 -24.8 1,130 1,113 1.5
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