Insolvency Statistics in Canada—January 2013

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
Jan. 2013 Dec. 2012 Jan. 2012 Dec. 2012 to Jan. 2013 Jan. 2012 to Jan. 2013 01-31-2013 01-31-2012 % Change
Newfoundland and Labrador 143 97 118 47.4 21.2 1,794 2,073 -13.5
Bankruptcies 134 92 106 45.7 26.4 1,654 1,942 -14.8
Proposals 9 5 12 80.0 -25.0 140 131 6.9
Prince Edward Island 50 44 49 13.6 2.0 636 637 -0.2
Bankruptcies 42 38 37 10.5 13.5 490 524 -6.5
Proposals 8 6 12 33.3 -33.3 146 113 29.2
Nova Scotia 320 252 298 27.0 7.4 4,410 4,623 -4.6
Bankruptcies 225 182 242 23.6 -7.0 3,290 3,643 -9.7
Proposals 95 70 56 35.7 69.6 1,120 980 14.3
New Brunswick 293 242 300 21.1 -2.3 3,906 3,661 6.7
Bankruptcies 226 189 236 19.6 -4.2 2,949 2,965 -0.5
Proposals 67 53 64 26.4 4.7 957 696 37.5
Quebec 3,320 2,364 2,914 40.4 13.9 38,350 37,827 1.4
Bankruptcies 2,155 1,583 2,040 36.1 5.6 26,002 27,104 -4.1
Proposals 1,165 781 874 49.2 33.3 12,348 10,723 15.2
Ontario 3,604 3,315 3,614 8.7 -0.3 48,732 51,981 -6.3
Bankruptcies 1,691 1,713 1,734 -1.3 -2.5 24,235 26,691 -9.2
Proposals 1,913 1,602 1,880 19.4 1.8 24,497 25,290 -3.1
Manitoba 124 128 146 -3.1 -15.1 1,904 2,217 -14.1
Bankruptcies 87 91 98 -4.4 -11.2 1,301 1,554 -16.3
Proposals 37 37 48 0.0 -22.9 603 663 -9.0
Saskatchewan 132 119 176 10.9 -25.0 1,816 2,181 -16.7
Bankruptcies 83 69 95 20.3 -12.6 1,068 1,344 -20.5
Proposals 49 50 81 -2.0 -39.5 748 837 -10.6
Alberta 751 615 805 22.1 -6.7 9,460 10,338 -8.5
Bankruptcies 456 362 537 26.0 -15.1 5,908 7,222 -18.2
Proposals 295 253 268 16.6 10.1 3,552 3,116 14.0
British Columbia 927 813 888 14.0 4.4 12,003 11,896 0.9
Bankruptcies 605 531 568 13.9 6.5 7,791 8,128 -4.1
Proposals 322 282 320 14.2 0.6 4,212 3,768 11.8
Northwest Territories 2 5 4 -60.0 -50.0 52 47 10.6
Bankruptcies 1 3 1 -66.7 0.0 29 32 -9.4
Proposals 1 2 3 -50.0 -66.7 23 15 53.3
Yukon 0 1 2 -100.0 -100.0 36 34 5.9
Bankruptcies 0 1 1 -100.0 -100.0 23 28 -17.9
Proposals 0 0 1 -100.0 13 6 116.7
Nunavut 0 0 0 4 7 -42.9
Bankruptcies 0 0 0 1 6 -83.3
Proposals 0 0 0 3 1 200.0
Canada 9,666 7,995 9,314 20.9 3.8 123,103 127,522 -3.5
Bankruptcies 5,705 4,854 5,695 17.5 0.2 74,741 81,183 -7.9
Proposals 3,961 3,141 3,619 26.1 9.5 48,362 46,339 4.4
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Jan. 2013 Dec. 2012 Jan. 2012 Dec. 2012 to Jan. 2013 Jan. 2012 to Jan. 2013 01-31-2013 01-31-2012 % Change
Newfoundland and Labrador 138 97 116 42.3 19.0 1,772 2,046 -13.4
Bankruptcies 131 92 104 42.4 26.0 1,638 1,917 -14.6
Proposals 7 5 12 40.0 -41.7 134 129 3.9
Prince Edward Island 47 43 46 9.3 2.2 619 617 0.3
Bankruptcies 39 37 37 5.4 5.4 474 509 -6.9
Proposals 8 6 9 33.3 -11.1 145 108 34.3
Nova Scotia 309 247 292 25.1 5.8 4,299 4,516 -4.8
Bankruptcies 216 177 238 22.0 -9.2 3,199 3,553 -10.0
Proposals 93 70 54 32.9 72.2 1,100 963 14.2
New Brunswick 287 238 293 20.6 -2.0 3,837 3,597 6.7
Bankruptcies 222 185 229 20.0 -3.1 2,899 2,916 -0.6
Proposals 65 53 64 22.6 1.6 938 681 37.7
Quebec 3,170 2,198 2,744 44.2 15.5 36,351 35,683 1.9
Bankruptcies 2,046 1,451 1,919 41.0 6.6 24,526 25,530 -3.9
Proposals 1,124 747 825 50.5 36.2 11,825 10,153 16.5
Ontario 3,509 3,223 3,496 8.9 0.4 47,394 50,358 -5.9
Bankruptcies 1,613 1,638 1,643 -1.5 -1.8 23,206 25,415 -8.7
Proposals 1,896 1,585 1,853 19.6 2.3 24,188 24,943 -3.0
Manitoba 118 124 142 -4.8 -16.9 1,853 2,143 -13.5
Bankruptcies 82 87 95 -5.7 -13.7 1,263 1,495 -15.5
Proposals 36 37 47 -2.7 -23.4 590 648 -9.0
Saskatchewan 126 115 158 9.6 -20.3 1,699 2,024 -16.1
Bankruptcies 80 69 81 15.9 -1.2 1,000 1,236 -19.1
Proposals 46 46 77 0.0 -40.3 699 788 -11.3
Alberta 735 591 780 24.4 -5.8 9,157 10,008 -8.5
Bankruptcies 446 346 517 28.9 -13.7 5,688 6,968 -18.4
Proposals 289 245 263 18.0 9.9 3,469 3,040 14.1
British Columbia 906 792 871 14.4 4.0 11,731 11,659 0.6
Bankruptcies 589 513 555 14.8 6.1 7,596 7,945 -4.4
Proposals 317 279 316 13.6 0.3 4,135 3,714 11.3
Northwest Territories 2 5 4 -60.0 -50.0 51 46 10.9
Bankruptcies 1 3 1 -66.7 0.0 29 32 -9.4
Proposals 1 2 3 -50.0 -66.7 22 14 57.1
Yukon 0 1 2 -100.0 -100.0 35 33 6.1
Bankruptcies 0 1 1 -100.0 -100.0 22 27 -18.5
Proposals 0 0 1 -100.0 13 6 116.7
Nunavut 0 0 0 3 7 -57.1
Bankruptcies 0 0 0 0 6 -100.0
Proposals 0 0 0 3 1 200.0
Canada 9,347 7,674 8,944 21.8 4.5 118,801 122,737 -3.2
Bankruptcies 5,465 4,599 5,420 18.8 0.8 71,540 77,549 -7.7
Proposals 3,882 3,075 3,524 26.2 10.2 47,261 45,188 4.6
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Jan. 2013 Dec. 2012 Jan. 2012 Dec. 2012 to Jan. 2013 Jan. 2012 to Jan. 2013 01-31-2013 01-31-2012 % Change
Newfoundland and Labrador 5 0 2 150.0 22 27 -18.5
Bankruptcies 3 0 2 50.0 16 25 -36.0
Proposals 2 0 0 6 2 200.0
Prince Edward Island 3 1 3 200.0 0.0 17 20 -15.0
Bankruptcies 3 1 0 200.0 16 15 6.7
Proposals 0 0 3 -100.0 1 5 -80.0
Nova Scotia 11 5 6 120.0 83.3 111 107 3.7
Bankruptcies 9 5 4 80.0 125.0 91 90 1.1
Proposals 2 0 2 0.0 20 17 17.6
New Brunswick 6 4 7 50.0 -14.3 69 64 7.8
Bankruptcies 4 4 7 0.0 -42.9 50 49 2.0
Proposals 2 0 0 19 15 26.7
Quebec 150 166 170 -9.6 -11.8 1,999 2,144 -6.8
Bankruptcies 109 132 121 -17.4 -9.9 1,476 1,574 -6.2
Proposals 41 34 49 20.6 -16.3 523 570 -8.2
Ontario 95 92 118 3.3 -19.5 1,338 1,623 -17.6
Bankruptcies 78 75 91 4.0 -14.3 1,029 1,276 -19.4
Proposals 17 17 27 0.0 -37.0 309 347 -11.0
Manitoba 6 4 4 50.0 50.0 51 74 -31.1
Bankruptcies 5 4 3 25.0 66.7 38 59 -35.6
Proposals 1 0 1 0.0 13 15 -13.3
Saskatchewan 6 4 18 50.0 -66.7 117 157 -25.5
Bankruptcies 3 0 14 -78.6 68 108 -37.0
Proposals 3 4 4 -25.0 -25.0 49 49 0.0
Alberta 16 24 25 -33.3 -36.0 303 330 -8.2
Bankruptcies 10 16 20 -37.5 -50.0 220 254 -13.4
Proposals 6 8 5 -25.0 20.0 83 76 9.2
British Columbia 21 21 17 0.0 23.5 272 237 14.8
Bankruptcies 16 18 13 -11.1 23.1 195 183 6.6
Proposals 5 3 4 66.7 25.0 77 54 42.6
Northwest Territories 0 0 0 1 1 0.0
Bankruptcies 0 0 0 0 0
Proposals 0 0 0 1 1 0.0
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 319 321 370 -0.6 -13.8 4,302 4,785 -10.1
Bankruptcies 240 255 275 -5.9 -12.7 3,201 3,634 -11.9
Proposals 79 66 95 19.7 -16.8 1,101 1,151 -4.3
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Sector Volume % Change 12-Month Period Ending
Jan. 2013 Dec. 2012 Jan. 2012 Dec. 2012 to Jan. 2013 Jan. 2012 to Jan. 2013 01-31-2013 01-31-2012 % Change
Agriculture, Forestry, Fishing and Hunting 10 6 9 66.7 11.1 116 136 -14.7
Bankruptcies 6 5 7 20.0 -14.3 85 95 -10.5
Proposals 4 1 2 300.0 100.0 31 41 -24.4
Mining and Oil and Gas Extraction 0 7 2 -100.0 -100.0 34 21 61.9
Bankruptcies 0 5 1 -100.0 -100.0 26 14 85.7
Proposals 0 2 1 -100.0 -100.0 8 7 14.3
Utilities 1 2 3 -50.0 -66.7 18 17 5.9
Bankruptcies 0 0 2 -100.0 9 12 -25.0
Proposals 1 2 1 -50.0 0.0 9 5 80.0
Construction 51 49 77 4.1 -33.8 807 803 0.5
Bankruptcies 38 38 55 0.0 -30.9 590 629 -6.2
Proposals 13 11 22 18.2 -40.9 217 174 24.7
Manufacturing 35 30 42 16.7 -16.7 428 560 -23.6
Bankruptcies 22 23 31 -4.3 -29.0 299 397 -24.7
Proposals 13 7 11 85.7 18.2 129 163 -20.9
Wholesale Trade 15 22 22 -31.8 -31.8 233 267 -12.7
Bankruptcies 13 15 18 -13.3 -27.8 171 204 -16.2
Proposals 2 7 4 -71.4 -50.0 62 63 -1.6
Retail Trade 43 39 54 10.3 -20.4 560 642 -12.8
Bankruptcies 36 32 38 12.5 -5.3 433 494 -12.3
Proposals 7 7 16 0.0 -56.3 127 148 -14.2
Transportation and Warehousing 24 23 23 4.3 4.3 260 307 -15.3
Bankruptcies 19 21 19 -9.5 0.0 213 253 -15.8
Proposals 5 2 4 150.0 25.0 47 54 -13.0
Information and Cultural Industries 2 9 2 -77.8 0.0 62 73 -15.1
Bankruptcies 1 8 2 -87.5 -50.0 52 51 2.0
Proposals 1 1 0 0.0 10 22 -54.5
Finance and Insurance 7 7 4 0.0 75.0 75 97 -22.7
Bankruptcies 5 5 2 0.0 150.0 62 71 -12.7
Proposals 2 2 2 0.0 0.0 13 26 - 50.0
Real Estate and Rental and Leasing 4 16 6 -75.0 -33.3 112 132 -15.2
Bankruptcies 2 14 5 -85.7 -60.0 74 98 -24.5
Proposals 2 2 1 0.0 100.0 38 34 11.8
Professional, Scientific and Technical Services 17 22 25 -22.7 -32.0 265 303 -12.5
Bankruptcies 13 19 18 -31.6 -27.8 192 207 -7.2
Proposals 4 3 7 33.3 -42.9 73 96 -24.0
Management of Companies and Enterprises 1 4 5 -75.0 -80.0 61 55 10.9
Bankruptcies 1 3 3 -66.7 -66.7 49 45 8.9
Proposals 0 1 2 -100.0 -100.0 12 10 20.0
Administrative and Support, Waste Management and Remediation Services 21 15 16 40.0 31.3 207 217 -4.6
Bankruptcies 17 12 12 41.7 41.7 151 164 -7.9
Proposals 4 3 4 33.3 0.0 56 53 5.7
Educational Services 3 2 0 50.0 34 28 21.4
Bankruptcies 3 2 0 50.0 29 20 45.0
Proposals 0 0 0 5 8 -37.5
Health Care and Social Assistance 3 4 6 -25.0 -50.0 50 84 -40.5
Bankruptcies 2 3 6 -33.3 -66.7 40 63 -36.5
Proposals 1 1 0 0.0 10 21 -52.4
Arts, Entertainment and Recreation 6 6 2 0.0 200.0 81 86 -5.8
Bankruptcies 4 6 2 -33.3 100.0 64 74 -13.5
Proposals 2 0 0 17 12 41.7
Accommodation and Food Services 53 37 53 43.2 0.0 624 661 -5.6
Bankruptcies 37 27 38 37.0 -2.6 439 507 -13.4
Proposals 16 10 15 60.0 6.7 185 154 20.1
Other Services (except Public Administration) 23 21 19 9.5 21.1 272 291 -6.5
Bankruptcies 21 17 16 23.5 31.3 221 232 -4.7
Proposals 2 4 3 -50.0 -33.3 51 59 -13.6
Public Administration 0 0 0 3 4 -25.0
Bankruptcies 0 0 0 2 3 -33.3
Proposals 0 0 0 1 1 0.0
Total 319 321 370 -0.6 -13.8 4,302 4,785 -10.1
Bankruptcies 240 255 275 -5.9 -12.7 3,201 3,634 -11.9
Proposals 79 66 95 19.7 -16.8 1,101 1,151 -4.3
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