Archived — Insolvency Statistics in Canada—November 2012

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Insolvency Statistics – November 2012

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Archived

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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
Nov. 2012 Oct. 2012 Nov. 2011 Oct. 2012 to Nov. 2012 Nov. 2011 to Nov. 2012 11-30-2012 11-30-2011 % Change
Newfoundland and Labrador 124 181 170 -31.5 -27.1 1,783 2,179 -18.2
Bankruptcies 112 172 156 -34.9 -28.2 1,636 2,045 -20.0
Proposals 12 9 14 33.3 -14.3 147 134 9.7
Prince Edward Island 54 73 42 -26.0 28.6 633 648 -2.3
Bankruptcies 41 57 37 -28.1 10.8 474 554 -14.4
Proposals 13 16 5 -18.8 160.0 159 94 69.1
Nova Scotia 397 394 365 0.8 8.8 4,484 4,710 -4.8
Bankruptcies 277 292 265 -5.1 4.5 3,405 3,716 -8.4
Proposals 120 102 100 17.6 20.0 1,079 994 8.6
New Brunswick 315 326 280 -3.4 12.5 3,943 3,569 10.5
Bankruptcies 248 223 226 11.2 9.7 2,987 2,907 2.8
Proposals 67 103 54 -35.0 24.1 956 662 44.4
Quebec 3,505 3,700 3,474 -5.3 0.9 38,306 37,933 1.0
Bankruptcies 2,334 2,446 2,414 -4.6 -3.3 26,228 27,368 -4.2
Proposals 1,171 1,254 1,060 -6.6 10.5 12,078 10,565 14.3
Ontario 4,183 4,257 4,685 -1.7 -10.7 49,526 52,441 -5.6
Bankruptcies 2,078 2,160 2,379 -3.8 -12.7 24,768 27,182 -8.9
Proposals 2,105 2,097 2,306 0.4 -8.7 24,758 25,259 -2.0
Manitoba 184 157 174 17.2 5.7 1,959 2,273 -13.8
Bankruptcies 130 103 120 26.2 8.3 1,340 1,620 -17.3
Proposals 54 54 54 0.0 0.0 619 653 -5.2
Saskatchewan 128 138 172 -7.2 -25.6 1,869 2,260 -17.3
Bankruptcies 75 77 92 -2.6 -18.5 1,103 1,399 -21.2
Proposals 53 61 80 -13.1 -33.8 766 861 -11.0
Alberta 765 841 873 -9.0 -12.4 9,638 10,432 -7.6
Bankruptcies 435 507 596 -14.2 -27.0 6,128 7,355 -16.7
Proposals 330 334 277 -1.2 19.1 3,510 3,077 14.1
British Columbia 949 1,010 1,037 -6.0 -8.5 12,061 12,041 0.2
Bankruptcies 606 649 649 -6.6 -6.6 7,812 8,410 -7.1
Proposals 343 361 388 -5.0 -11.6 4,249 3,631 17.0
Northwest Territories 2 11 1 -81.8 100.0 55 43 27.9
Bankruptcies 2 6 1 -66.7 100.0 32 28 14.3
Proposals 0 5 0 -100.0 -- 23 15 53.3
Yukon 6 8 2 -25.0 200.0 41 44 -6.8
Bankruptcies 5 4 2 25.0 150.0 26 40 -35.0
Proposals 1 4 0 -75.0 -- 15 4 275.0
Nunavut 0 1 0 -100.0 -- 4 8 -50.0
Bankruptcies 0 0 0 -- -- 1 7 -85.7
Proposals 0 1 0 -100.0 -- 3 1 200.0
Canada 10,612 11,097 11,275 -4.4 -5.9 124,302 128,581 -3.3
Bankruptcies 6,343 6,696 6,937 -5.3 -8.6 75,940 82,631 -8.1
Proposals 4,269 4,401 4,338 -3.0 -1.6 48,362 45,950 5.2
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Nov. 2012 Oct. 2012 Nov. 2011 Oct. 2012 to Nov. 2012 Nov. 2011 to Nov. 2012 11-30-2012 11-30-2011 % Change
Newfoundland and Labrador 123 179 170 -31.3 -27.6 1,764 2,148 -17.9
Bankruptcies 111 170 156 -34.7 -28.8 1,621 2,018 -19.7
Proposals 12 9 14 33.3 -14.3 143 130 10.0
Prince Edward Island 54 73 40 -26.0 35.0 617 630 -2.1
Bankruptcies 41 57 35 -28.1 17.1 462 539 -14.3
Proposals 13 16 5 -18.8 160.0 155 91 70.3
Nova Scotia 382 380 360 0.5 6.1 4,375 4,587 -4.6
Bankruptcies 267 280 262 -4.6 1.9 3,316 3,614 -8.2
Proposals 115 100 98 15.0 17.3 1,059 973 8.8
New Brunswick 312 316 276 -1.3 13.0 3,876 3,508 10.5
Bankruptcies 245 215 222 14.0 10.4 2,938 2,862 2.7
Proposals 67 101 54 -33.7 24.1 938 646 45.2
Quebec 3,330 3,553 3,262 -6.3 2.1 36,303 35,768 1.5
Bankruptcies 2,204 2,347 2,261 -6.1 -2.5 24,757 25,762 -3.9
Proposals 1,126 1,206 1,001 -6.6 12.5 11,546 10,006 15.4
Ontario 4,061 4,148 4,555 -2.1 -10.8 48,106 50,840 -5.4
Bankruptcies 1,983 2,075 2,277 -4.4 -12.9 23,681 25,908 -8.6
Proposals 2,078 2,073 2,278 0.2 -8.8 24,425 24,932 -2.0
Manitoba 179 151 164 18.5 9.1 1,906 2,203 -13.5
Bankruptcies 126 99 112 27.3 12.5 1,301 1,563 -16.8
Proposals 53 52 52 1.9 1.9 605 640 -5.5
Saskatchewan 121 128 159 -5.5 -23.9 1,738 2,098 -17.2
Bankruptcies 69 72 83 -4.2 -16.9 1,021 1,290 -20.9
Proposals 52 56 76 -7.1 -31.6 717 808 -11.3
Alberta 738 816 847 -9.6 -12.9 9,325 10,066 -7.4
Bankruptcies 420 489 577 -14.1 -27.2 5,896 7,065 -16.5
Proposals 318 327 270 -2.8 17.8 3,429 3,001 14.3
British Columbia 924 990 1,027 -6.7 -10.0 11,788 11,806 -0.2
Bankruptcies 590 641 641 -8.0 -8.0 7,618 8,225 -7.4
Proposals 334 349 386 -4.3 -13.5 4,170 3,581 16.4
Northwest Territories 2 11 1 -81.8 100.0 54 41 31.7
Bankruptcies 2 6 1 -66.7 100.0 32 28 14.3
Proposals 0 5 0 -100.0 -- 22 13 69.2
Yukon 6 8 2 -25.0 200.0 40 43 -7.0
Bankruptcies 5 4 2 25.0 150.0 25 39 -35.9
Proposals 1 4 0 -75.0 -- 15 4 275.0
Nunavut 0 1 0 -100.0 -- 3 8 -62.5
Bankruptcies 0 0 0 -- -- 0 7 -100.0
Proposals 0 1 0 -100.0 -- 3 1 200.0
Canada 10,232 10,754 10,863 -4.9 -5.8 119,895 123,746 -3.1
Bankruptcies 6,063 6,455 6,629 -6.1 -8.5 72,668 78,920 -7.9
Proposals 4,169 4,299 4,234 -3.0 -1.5 47,227 44,826 5.4
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Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Nov. 2012 Oct. 2012 Nov. 2011 Oct. 2012 to Nov. 2012 Nov. 2011 to Nov. 2012 11-30-2012 11-30-2011 % Change
Newfoundland and Labrador 1 2 0 -50.0 -- 19 31 -38.7
Bankruptcies 1 2 0 -50.0 -- 15 27 -44.4
Proposals 0 0 0 -- -- 4 4 0.0
Prince Edward Island 0 0 2 -- -100.0 16 18 -11.1
Bankruptcies 0 0 2 -- -100.0 12 15 -20.0
Proposals 0 0 0 -- -- 4 3 33.3
Nova Scotia 15 14 5 7.1 200.0 109 123 -11.4
Bankruptcies 10 12 3 -16.7 233.3 89 102 -12.7
Proposals 5 2 2 150.0 150.0 20 21 -4.8
New Brunswick 3 10 4 -70.0 -25.0 67 61 9.8
Bankruptcies 3 8 4 -62.5 -25.0 49 45 8.9
Proposals 0 2 0 -100.0 -- 18 16 12.5
Quebec 175 147 212 19.0 -17.5 2,003 2,165 -7.5
Bankruptcies 130 99 153 31.3 -15.0 1,471 1,606 -8.4
Proposals 45 48 59 -6.3 -23.7 532 559 -4.8
Ontario 122 109 130 11.9 -6.2 1,420 1,601 -11.3
Bankruptcies 95 85 102 11.8 -6.9 1,087 1,274 -14.7
Proposals 27 24 28 12.5 -3.6 333 327 1.8
Manitoba 5 6 10 -16.7 -50.0 53 70 -24.3
Bankruptcies 4 4 8 0.0 -50.0 39 57 -31.6
Proposals 1 2 2 -50.0 -50.0 14 13 7.7
Saskatchewan 7 10 13 -30.0 -46.2 131 162 -19.1
Bankruptcies 6 5 9 20.0 -33.3 82 109 -24.8
Proposals 1 5 4 -80.0 -75.0 49 53 -7.5
Alberta 27 25 26 8.0 3.8 313 366 -14.5
Bankruptcies 15 18 19 -16.7 -21.1 232 290 -20.0
Proposals 12 7 7 71.4 71.4 81 76 6.6
British Columbia 25 20 10 25.0 150.0 273 235 16.2
Bankruptcies 16 8 8 100.0 100.0 194 185 4.9
Proposals 9 12 2 -25.0 350.0 79 50 58.0
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 1 0.0
Bankruptcies 0 0 0 -- -- 1 1 0.0
Proposals 0 0 0 -- -- 0 0 --
Nunavut 0 0 0 -- -- 1 0 --
Bankruptcies 0 0 0 -- -- 1 0 --
Proposals 0 0 0 -- -- 0 0 --
Canada 380 343 412 10.8 -7.8 4,407 -8.9
Bankruptcies 280 241 308 16.2 -9.1 3,272 3,711 -11.8
Proposals 100 102 104 -2.0 -3.8 1,135 1,124 1.0
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Sector Volume % Change 12-Month Period Ending
Nov. 2012 Oct. 2012 Nov. 2011 Oct. 2012 to Nov. 2012 Nov. 2011 to Nov. 2012 11-30-2012 11-30-2011 % Change
Agriculture, Forestry, Fishing and Hunting 10 7 15 42.9 -33.3 113 141 -19.9
Bankruptcies 6 6 10 0.0 -40.0 84 95 -11.6
Proposals 4 1 5 300.0 -20.0 29 46 -37.0
Mining and Oil and Gas Extraction 4 1 1 300.0 300.0 30 28 7.1
Bankruptcies 2 0 1 -- 100.0 23 21 9.5
Proposals 2 1 0 100.0 -- 7 7 0.0
Utilities 1 2 2 -50.0 -50.0 18 14 28.6
Bankruptcies 0 2 2 -100.0 -100.0 11 10 10.0
Proposals 1 0 0 -- -- 7 4 75.0
Construction 75 71 44 5.6 70.5 840 798 5.3
Bankruptcies 52 49 36 6.1 44.4 615 634 -3.0
Proposals 23 22 8 4.5 187.5 225 164 37.2
Manufacturing 37 43 39 -14.0 -5.1 455 536 -15.1
Bankruptcies 30 29 27 3.4 11.1 325 379 -14.2
Proposals 7 14 12 -50.0 -41.7 130 157 -17.2
Wholesale Trade 22 16 26 37.5 -15.4 237 271 -12.5
Bankruptcies 18 8 18 125.0 0.0 175 210 -16.7
Proposals 4 8 8 -50.0 -50.0 62 61 1.6
Retail Trade 43 43 56 0.0 -23.2 585 662 -11.6
Bankruptcies 35 30 37 16.7 -5.4 439 528 -16.9
Proposals 8 13 19 -38.5 -57.9 146 134 9.0
Transportation and Warehousing 26 33 27 -21.2 -3.7 259 322 -19.6
Bankruptcies 24 26 22 -7.7 9.1 208 265 -21.5
Proposals 2 7 5 -71.4 -60.0 51 57 -10.5
Information and Cultural Industries 5 4 7 25.0 -28.6 58 83 -30.1
Bankruptcies 5 3 6 66.7 -16.7 50 54 -7.4
Proposals 0 1 1 -100.0 -100.0 8 29 -72.4
Finance and Insurance 7 4 9 75.0 -22.2 75 107 -29.9
Bankruptcies 7 4 6 75.0 16.7 64 78 -17.9
Proposals 0 0 3 -- -100.0 11 29 -62.1
Real Estate and Rental and Leasing 8 5 11 60.0 -27.3 107 145 -26.2
Bankruptcies 3 4 6 -25.0 -50.0 69 109 -36.7
Proposals 5 1 5 400.0 0.0 38 36 5.6
Professional, Scientific and Technical Services 29 17 35 70.6 -17.1 275 301 -8.6
Bankruptcies 21 12 24 75.0 -12.5 196 210 -6.7
Proposals 8 5 11 60.0 -27.3 79 91 -13.2
Management of Companies and Enterprises 5 9 4 -44.4 25.0 66 54 22.2
Bankruptcies 2 6 3 -66.7 -33.3 53 44 20.5
Proposals 3 3 1 0.0 200.0 13 10 30.0
Administrative and Support, Waste Management and Remediation Services 17 14 26 21.4 -34.6 207 216 -4.2
Bankruptcies 11 11 18 0.0 -38.9 147 173 -15.0
Proposals 6 3 8 100.0 -25.0 60 43 39.5
Educational Services 2 3 2 -33.3 0.0 32 33 -3.0
Bankruptcies 2 2 2 0.0 0.0 27 23 17.4
Proposals 0 1 0 -100.0 -- 5 10 -50.0
Health Care and Social Assistance 2 2 5 0.0 -60.0 54 83 -34.9
Bankruptcies 2 2 3 0.0 -33.3 43 63 -31.7
Proposals 0 0 2 -- -100.0 11 20 -45.0
Arts, Entertainment and Recreation 11 8 9 37.5 22.2 78 86 -9.3
Bankruptcies 8 5 9 60.0 -11.1 62 74 -16.2
Proposals 3 3 0 0.0 -- 16 12 33.3
Accommodation and Food Services 48 37 61 29.7 -21.3 645 648 -0.5
Bankruptcies 34 26 50 30.8 -32.0 458 499 -8.2
Proposals 14 11 11 27.3 27.3 187 149 25.5
Other Services (except Public Administration) 28 24 32 16.7 -12.5 270 300 -10.0
Bankruptcies 18 16 27 12.5 -33.3 221 238 -7.1
Proposals 10 8 5 25.0 100.0 49 62 -21.0
Public Administration 0 0 1 -- -100.0 3 6 -50.0
Bankruptcies 0 0 1 -- -100.0 2 3 -33.3
Proposals 0 0 0 -- -- 1 3 -66.7
Total 380 343 412 10.8 -7.8 4,407 4,835 -8.9
Bankruptcies 280 241 308 16.2 -9.1 3,272 3,711 -11.8
Proposals 100 102 104 -2.0 -3.8 1,135 1,124 1.0
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