Highlights
Insolvency Statistics in Canada—January 2013

The total number of insolvencies (bankruptcies and proposals) in Canada increased by 20.9 percent in January 2013 from the previous month. Bankruptcies increased by 17.5 percent, whereas proposals increased by 26.1 percent.

The total number of insolvencies in January 2013 was 3.8 percent higher than the total number of insolvencies in January 2012. Consumer insolvencies have increased by 4.5 percent, while business insolvencies have decreased by 13.8 percent.

For the 12-month period ending January 31, 2013, the total number of insolvencies decreased by 3.5 percent compared with the 12-month period ending January 31, 2012.

Consumer insolvencies for the 12-month period ending January 31, 2013, decreased by 3.2 percent compared with the 12-month period ending January 31, 2012. Consumer bankruptcies decreased by 7.7 percent, while consumer proposals increased by 4.6 percent. The proportion of proposals in consumer insolvencies increased to 39.8 percent during the 12-month period ending January 31, 2013, up from 36.8 percent during the 12-month period ending January 31, 2012. For the 12-month period ending January 31, 2013, 96.5 percent of total insolvencies were filed by consumers.

Business insolvencies for the 12-month period ending January 31, 2013, fell by 10.1 percent compared with the 12-month period ending January 31, 2012. The three sectors that registered the biggest decrease in the number of insolvencies were manufacturing; retail trade; and transportation and warehousing.

No Companies’ Creditors Arrangement Act (CCAA) proceedings were filed with the OSB in January 2013. Please refer to the CCAA Records for additional details. Note: The Insolvency Statistics in Canada—January 2013 report, which pertains to bankruptcies and proposals filed under the Bankruptcy and Insolvency Act, does not include CCAA filings.

Read the report Insolvency Statistics in Canada—January 2013.