Archived — Insolvency Statistics in Canada—October 2012

PDF version

Insolvency Statistics – October 2012

607 KB, 7 pages
Archived

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
Oct. 2012 Sept. 2012 Oct. 2011 Sept. 2012 to Oct. 2012 Oct. 2011 to Oct. 2012 10-31-2012 10-31-2011 % Change
Newfoundland and Labrador 181 122 179 48.4 1.1 1,829 2,229 -17.9
Bankruptcies 172 113 173 52.2 -0.6 1,680 2,102 -20.1
Proposals 9 9 6 0.0 50.0 149 127 17.3
Prince Edward Island 73 45 55 62.2 32.7 621 657 -5.5
Bankruptcies 57 32 44 78.1 29.5 470 567 -17.1
Proposals 16 13 11 23.1 45.5 151 90 67.8
Nova Scotia 394 314 363 25.5 8.5 4,452 4,817 -7.6
Bankruptcies 292 242 278 20.7 5.0 3,393 3,824 -11.3
Proposals 102 72 85 41.7 20.0 1,059 993 6.6
New Brunswick 326 309 346 5.5 -5.8 3,908 3,624 7.8
Bankruptcies 223 239 266 -6.7 -16.2 2,965 2,966 0.0
Proposals 103 70 80 47.1 28.8 943 658 43.3
Quebec 3,700 2,959 3,150 25.0 17.5 38,275 38,169 0.3
Bankruptcies 2,446 2,011 2,278 21.6 7.4 26,308 27,629 -4.8
Proposals 1,254 948 872 32.3 43.8 11,967 10,540 13.5
Ontario 4,257 3,778 4,147 12.7 2.7 50,028 52,900 -5.4
Bankruptcies 2,160 1,919 2,129 12.6 1.5 25,069 27,604 -9.2
Proposals 2,097 1,859 2,018 12.8 3.9 24,959 25,296 -1.3
Manitoba 157 173 202 -9.2 -22.3 1,949 2,350 -17.1
Bankruptcies 103 124 138 -16.9 -25.4 1,330 1,683 -21.0
Proposals 54 49 64 10.2 -15.6 619 667 -7.2
Saskatchewan 138 147 174 -6.1 -20.7 1,913 2,281 -16.1
Bankruptcies 77 89 103 -13.5 -25.2 1,120 1,428 -21.6
Proposals 61 58 71 5.2 -14.1 793 853 -7.0
Alberta 841 686 836 22.6 0.6 9,746 10,491 -7.1
Bankruptcies 507 442 545 14.7 -7.0 6,289 7,445 -15.5
Proposals 334 244 291 36.9 14.8 3,457 3,046 13.5
British Columbia 1,010 876 915 15.3 10.4 12,149 12,118 0.3
Bankruptcies 649 588 604 10.4 7.5 7,855 8,599 -8.7
Proposals 361 288 311 25.3 16.1 4,294 3,519 22.0
Northwest Territories 11 2 1 450.0 1,000.0 54 43 25.6
Bankruptcies 6 0 1 -- 500.0 31 28 10.7
Proposals 5 2 0 150.0 -- 23 15 53.3
Yukon 8 5 1 60.0 700.0 37 46 -19.6
Bankruptcies 4 2 1 100.0 300.0 23 40 -42.5
Proposals 4 3 0 33.3 -- 14 6 133.3
Nunavut 1 0 0 -- -- 4 8 -50.0
Bankruptcies 0 0 0 -- -- 1 7 -85.7
Proposals 1 0 0 -- -- 3 1 200.0
Canada 11,097 9,416 10,369 17.9 7.0 124,965 129,733 -3.7
Bankruptcies 6,696 5,801 6,560 15.4 2.1 76,534 83,922 -8.8
Proposals 4,401 3,615 3,809 21.7 15.5 48,431 45,811 5.7
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Oct. 2012 Sept. 2012 Oct. 2011 Sept. 2012 to Oct. 2012 Oct. 2011 to Oct. 2012 10-31-2012 10-31-2011 % Change
Newfoundland and Labrador 179 117 175 53.0 2.3 1,811 2,196 -17.5
Bankruptcies 170 111 171 53.2 -0.6 1,666 2,073 -19.6
Proposals 9 6 4 50.0 125.0 145 123 17.9
Prince Edward Island 73 44 51 65.9 43.1 603 640 -5.8
Bankruptcies 57 31 40 83.9 42.5 456 553 -17.5
Proposals 16 13 11 23.1 45.5 147 87 69.0
Nova Scotia 380 308 355 23.4 7.0 4,353 4,686 -7.1
Bankruptcies 280 237 271 18.1 3.3 3,311 3,712 -10.8
Proposals 100 71 84 40.8 19.0 1,042 974 7.0
New Brunswick 316 304 345 3.9 -8.4 3,840 3,561 7.8
Bankruptcies 215 237 265 -9.3 -18.9 2,915 2,919 -0.1
Proposals 101 67 80 50.7 26.3 925 642 44.1
Quebec 3,553 2,769 2,964 28.3 19.9 36,235 36,036 0.6
Bankruptcies 2,347 1,875 2,140 25.2 9.7 24,814 26,038 -4.7
Proposals 1,206 894 824 34.9 46.4 11,421 9,998 14.2
Ontario 4,148 3,672 4,028 13.0 3.0 48,600 51,273 -5.2
Bankruptcies 2,075 1,840 2,045 12.8 1.5 23,975 26,312 -8.9
Proposals 2,073 1,832 1,983 13.2 4.5 24,625 24,961 -1.3
Manitoba 151 171 192 -11.7 -21.4 1,891 2,284 -17.2
Bankruptcies 99 122 129 -18.9 -23.3 1,287 1,628 -20.9
Proposals 52 49 63 6.1 -17.5 604 656 -7.9
Saskatchewan 128 139 165 -7.9 -22.4 1,776 2,121 -16.3
Bankruptcies 72 85 97 -15.3 -25.8 1,035 1,320 -21.6
Proposals 56 54 68 3.7 -17.6 741 801 -7.5
Alberta 816 662 798 23.3 2.3 9,434 10,128 -6.9
Bankruptcies 489 421 515 16.2 -5.0 6,053 7,155 -15.4
Proposals 327 241 283 35.7 15.5 3,381 2,973 13.7
British Columbia 990 862 893 14.8 10.9 11,891 11,868 0.2
Bankruptcies 641 577 584 11.1 9.8 7,669 8,400 -8.7
Proposals 349 285 309 22.5 12.9 4,222 3,468 21.7
Northwest Territories 11 2 1 450.0 1,000.0 53 41 29.3
Bankruptcies 6 0 1 -- 500.0 31 28 10.7
Proposals 5 2 0 150.0 -- 22 13 69.2
Yukon 8 5 1 60.0 700.0 36 44 -18.2
Bankruptcies 4 2 1 100.0 300.0 22 39 -43.6
Proposals 4 3 0 33.3 -- 14 5 180.0
Nunavut 1 0 0 -- -- 3 8 -62.5
Bankruptcies 0 0 0 -- -- 0 7 -100.0
Proposals 1 0 0 -- -- 3 1 200.0
Canada 10,754 9,055 9,968 18.8 7.9 120,526 124,886 -3.5
Bankruptcies 6,455 5,538 6,259 16.6 3.1 73,234 80,184 -8.7
Proposals 4,299 3,517 3,709 22.2 15.9 47,292 44,702 5.8
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Oct. 2012 Sept. 2012 Oct. 2011 Sept. 2012 to Oct. 2012 Oct. 2011 to Oct. 2012 10-31-2012 10-31-2011 % Change
Newfoundland and Labrador 2 5 4 -60.0 -50.0 18 33 -45.5
Bankruptcies 2 2 2 0.0 0.0 14 29 -51.7
Proposals 0 3 2 -100.0 -100.0 4 4 0.0
Prince Edward Island 0 1 4 -100.0 -100.0 18 17 5.9
Bankruptcies 0 1 4 -100.0 -100.0 14 14 0.0
Proposals 0 0 0 -- -- 4 3 33.3
Nova Scotia 14 6 8 133.3 75.0 99 131 -24.4
Bankruptcies 12 5 7 140.0 71.4 82 112 -26.8
Proposals 2 1 1 100.0 100.0 17 19 -10.5
New Brunswick 10 5 1 100.0 900.0 68 63 7.9
Bankruptcies 8 2 1 300.0 700.0 50 47 6.4
Proposals 2 3 0 -33.3 -- 18 16 12.5
Quebec 147 190 186 -22.6 -21.0 2,040 2,133 -4.4
Bankruptcies 99 136 138 -27.2 -28.3 1,494 1,591 -6.1
Proposals 48 54 48 -11.1 0.0 546 542 0.7
Ontario 109 106 119 2.8 -8.4 1,428 1,627 -12.2
Bankruptcies 85 79 84 7.6 1.2 1,094 1,292 -15.3
Proposals 24 27 35 -11.1 -31.4 334 335 -0.3
Manitoba 6 2 10 200.0 -40.0 58 66 -12.1
Bankruptcies 4 2 9 100.0 -55.6 43 55 -21.8
Proposals 2 0 1 -- 100.0 15 11 36.4
Saskatchewan 10 8 9 25.0 11.1 137 160 -14.4
Bankruptcies 5 4 6 25.0 -16.7 85 108 -21.3
Proposals 5 4 3 25.0 66.7 52 52 0.0
Alberta 25 24 38 4.2 -34.2 312 363 -14.0
Bankruptcies 18 21 30 -14.3 -40.0 236 290 -18.6
Proposals 7 3 8 133.3 -12.5 76 73 4.1
British Columbia 20 14 22 42.9 -9.1 258 250 3.2
Bankruptcies 8 11 20 -27.3 -60.0 186 199 -6.5
Proposals 12 3 2 300.0 500.0 72 51 41.2
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 1 0.0
Proposals 0 0 0 -- -- 0 1 -100.0
Nunavut 0 0 0 -- -- 1 0 --
Bankruptcies 0 0 0 -- -- 1 0 --
Proposals 0 0 0 -- -- 0 0 --
Canada 343 361 401 -5.0 -14.5 4,439 4,847 -8.4
Bankruptcies 241 263 301 -8.4 -19.9 3,300 3,738 -11.7
Proposals 102 98 100 4.1 2.0 1,139 1,109 2.7
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Sector Volume % Change 12-Month Period Ending
Oct. 2012 Sept. 2012 Oct. 2011 Sept. 2012 to Oct. 2012 Oct. 2011 to Oct. 2012 10-31-2012 10-31-2011 % Change
Agriculture, Forestry, Fishing and Hunting 7 9 7 -22.2 0.0 118 135 -12.6
Bankruptcies 6 5 7 20.0 -14.3 88 93 -5.4
Proposals 1 4 0 -75.0 -- 30 42 -28.6
Mining and Oil and Gas Extraction 1 5 3 -80.0 -66.7 27 31 -12.9
Bankruptcies 0 4 1 -100.0 -100.0 22 22 0.0
Proposals 1 1 2 0.0 -50.0 5 9 -44.4
Utilities 2 0 1 -- 100.0 19 12 58.3
Bankruptcies 2 0 1 -- 100.0 13 8 62.5
Proposals 0 0 0 -- -- 6 4 50.0
Construction 71 54 74 31.5 -4.1 809 826 -2.1
Bankruptcies 49 42 55 16.7 -10.9 599 654 -8.4
Proposals 22 12 19 83.3 15.8 210 172 22.1
Manufacturing 43 35 66 22.9 -34.8 457 545 -16.1
Bankruptcies 29 25 49 16.0 -40.8 322 385 -16.4
Proposals 14 10 17 40.0 -17.6 135 160 -15.6
Wholesale Trade 16 18 19 -11.1 -15.8 241 273 -11.7
Bankruptcies 8 13 15 -38.5 -46.7 175 212 -17.5
Proposals 8 5 4 60.0 100.0 66 61 8.2
Retail Trade 43 56 56 -23.2 -23.2 598 658 -9.1
Bankruptcies 30 42 46 -28.6 -34.8 441 527 -16.3
Proposals 13 14 10 -7.1 30.0 157 131 19.8
Transportation and Warehousing 33 20 13 65.0 153.8 260 319 -18.5
Bankruptcies 26 17 9 52.9 188.9 206 264 -22.0
Proposals 7 3 4 133.3 75.0 54 55 -1.8
Information and Cultural Industries 4 6 6 -33.3 -33.3 60 85 -29.4
Bankruptcies 3 4 5 -25.0 -40.0 51 55 -7.3
Proposals 1 2 1 -50.0 0.0 9 30 -70.0
Finance and Insurance 4 5 6 -20.0 -33.3 77 109 -29.4
Bankruptcies 4 3 3 33.3 33.3 63 81 -22.2
Proposals 0 2 3 -100.0 -100.0 14 28 -50.0
Real Estate and Rental and Leasing 5 11 11 -54.5 -54.5 110 151 -27.2
Bankruptcies 4 6 8 -33.3 -50.0 72 119 -39.5
Proposals 1 5 3 -80.0 -66.7 38 32 18.8
Professional, Scientific and Technical Services 17 20 28 -15.0 -39.3 281 294 -4.4
Bankruptcies 12 16 22 -25.0 -45.5 199 211 -5.7
Proposals 5 4 6 25.0 -16.7 82 83 -1.2
Management of Companies and Enterprises 9 7 4 28.6 125.0 65 55 18.2
Bankruptcies 6 7 4 -14.3 50.0 54 46 17.4
Proposals 3 0 0 -- -- 11 9 22.2
Administrative and Support, Waste Management and Remediation Services 14 19 21 -26.3 -33.3 216 214 0.9
Bankruptcies 11 15 18 -26.7 -38.9 154 177 -13.0
Proposals 3 4 3 -25.0 0.0 62 37 67.6
Educational Services 3 2 3 50.0 0.0 32 35 -8.6
Bankruptcies 2 2 3 0.0 -33.3 27 25 8.0
Proposals 1 0 0 -- -- 5 10 -50.0
Health Care and Social Assistance 2 6 5 -66.7 -60.0 57 81 -29.6
Bankruptcies 2 5 2 -60.0 0.0 44 60 -26.7
Proposals 0 1 3 -100.0 -100.0 13 21 -38.1
Arts, Entertainment and Recreation 8 6 4 33.3 100.0 76 91 -16.5
Bankruptcies 5 4 3 25.0 66.7 63 78 -19.2
Proposals 3 2 1 50.0 200.0 13 13 0.0
Accommodation and Food Services 37 64 57 -42.2 -35.1 658 637 3.3
Bankruptcies 26 39 37 -33.3 -29.7 474 490 -3.3
Proposals 11 25 20 -56.0 -45.0 184 147 25.2
Other Services (except Public Administration) 24 18 17 33.3 41.2 274 290 -5.5
Bankruptcies 16 14 13 14.3 23.1 230 228 0.9
Proposals 8 4 4 100.0 100.0 44 62 -29.0
Public Administration 0 0 0 -- -- 4 5 -20.0
Bankruptcies 0 0 0 -- -- 3 2 50.0
Proposals 0 0 0 -- -- 1 3 -66.7
Total 343 361 401 -5.0 -14.5 4,439 4,847 -8.4
Bankruptcies 241 263 301 -8.4 -19.9 3,300 3,738 -11.7
Proposals 102 98 100 4.1 2.0 1,139 1,109 2.7
Date modified: