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Insolvency Statistics in Canada - March 2013
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Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
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.
empty cell | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2013 | Feb. 2013 | March 2012 | Feb. 2013 to March 2013 | March 2012 to March 2013 | 03-31-2013 | 03-31-2012 | % Change | |
Newfoundland and Labrador | 145 | 149 | 164 | -2.7 | -11.6 | 1,770 | 1,992 | -11.1 |
Bankruptcies | 136 | 136 | 156 | 0.0 | -12.8 | 1,627 | 1,868 | -12.9 |
Proposals | 9 | 13 | 8 | -30.8 | 12.5 | 143 | 124 | 15.3 |
Prince Edward Island | 37 | 47 | 43 | -21.3 | -14.0 | 622 | 602 | 3.3 |
Bankruptcies | 29 | 35 | 38 | -17.1 | -23.7 | 472 | 489 | -3.5 |
Proposals | 8 | 12 | 5 | -33.3 | 60.0 | 150 | 113 | 32.7 |
Nova Scotia | 386 | 340 | 408 | 13.5 | -5.4 | 4,324 | 4,492 | -3.7 |
Bankruptcies | 289 | 232 | 312 | 24.6 | -7.4 | 3,200 | 3,521 | -9.1 |
Proposals | 97 | 108 | 96 | -10.2 | 1.0 | 1,124 | 971 | 15.8 |
New Brunswick | 298 | 315 | 379 | -5.4 | -21.4 | 3,803 | 3,790 | 0.3 |
Bankruptcies | 209 | 233 | 288 | -10.3 | -27.4 | 2,859 | 3,015 | -5.2 |
Proposals | 89 | 82 | 91 | 8.5 | -2.2 | 944 | 775 | 21.8 |
Quebec | 3,535 | 3,460 | 3,544 | 2.2 | -0.3 | 38,412 | 37,824 | 1.6 |
Bankruptcies | 2,167 | 2,209 | 2,348 | -1.9 | -7.7 | 25,702 | 26,855 | -4.3 |
Proposals | 1,368 | 1,251 | 1,196 | 9.4 | 14.4 | 12,710 | 10,969 | 15.9 |
Ontario | 4,026 | 3,406 | 4,488 | 18.2 | -10.3 | 47,422 | 51,277 | -7.5 |
Bankruptcies | 1,978 | 1,621 | 2,197 | 22.0 | -10.0 | 23,609 | 26,197 | -9.9 |
Proposals | 2,048 | 1,785 | 2,291 | 14.7 | -10.6 | 23,813 | 25,080 | -5.1 |
Manitoba | 165 | 125 | 171 | 32.0 | -3.5 | 1,861 | 2,108 | -11.7 |
Bankruptcies | 110 | 76 | 112 | 44.7 | -1.8 | 1,269 | 1,470 | -13.7 |
Proposals | 55 | 49 | 59 | 12.2 | -6.8 | 592 | 638 | -7.2 |
Saskatchewan | 162 | 126 | 193 | 28.6 | -16.1 | 1,758 | 2,132 | -17.5 |
Bankruptcies | 103 | 77 | 112 | 33.8 | -8.0 | 1,050 | 1,297 | -19.0 |
Proposals | 59 | 49 | 81 | 20.4 | -27.2 | 708 | 835 | -15.2 |
Alberta | 774 | 713 | 933 | 8.6 | -17.0 | 9,187 | 10,249 | -10.4 |
Bankruptcies | 441 | 426 | 587 | 3.5 | -24.9 | 5,630 | 7,003 | -19.6 |
Proposals | 333 | 287 | 346 | 16.0 | -3.8 | 3,557 | 3,246 | 9.6 |
British Columbia | 998 | 984 | 1,105 | 1.4 | -9.7 | 11,770 | 11,955 | -1.5 |
Bankruptcies | 619 | 601 | 699 | 3.0 | -11.4 | 7,586 | 7,976 | -4.9 |
Proposals | 379 | 383 | 406 | -1.0 | -6.7 | 4,184 | 3,979 | 5.2 |
Northwest Territories | 3 | 4 | 10 | -25.0 | -70.0 | 45 | 50 | -10.0 |
Bankruptcies | 1 | 3 | 5 | -66.7 | -80.0 | 24 | 35 | -31.4 |
Proposals | 2 | 1 | 5 | 100.0 | -60.0 | 21 | 15 | 40.0 |
Yukon | 1 | 6 | 1 | -83.3 | 0.0 | 40 | 32 | 25.0 |
Bankruptcies | 1 | 3 | 1 | -66.7 | 0.0 | 24 | 28 | -14.3 |
Proposals | 0 | 3 | 0 | -100.0 | -- | 16 | 4 | 300.0 |
Nunavut | 1 | 0 | 0 | -- | -- | 4 | 6 | -33.3 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 2 | 4 | -50.0 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Canada | 10,531 | 9,675 | 11,439 | 8.8 | -7.9 | 121,018 | 126,509 | -4.3 |
Bankruptcies | 6,084 | 5,652 | 6,855 | 7.6 | -11.2 | 73,054 | 79,758 | -8.4 |
Proposals | 4,447 | 4,023 | 4,584 | 10.5 | -3.0 | 47,964 | 46,751 | 2.6 |
empty cell | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2013 | Feb. 2013 | March 2012 | Feb. 2013 to March 2013 | March 2012 to March 2013 | 03-31-2013 | 03-31-2012 | % Change | |
Newfoundland and Labrador | 145 | 148 | 160 | -2.0 | -9.4 | 1,752 | 1,969 | -11.0 |
Bankruptcies | 136 | 135 | 152 | 0.7 | -10.5 | 1,615 | 1,847 | -12.6 |
Proposals | 9 | 13 | 8 | -30.8 | 12.5 | 137 | 122 | 12.3 |
Prince Edward Island | 37 | 44 | 40 | -15.9 | -7.5 | 609 | 578 | 5.4 |
Bankruptcies | 29 | 32 | 35 | -9.4 | -17.1 | 460 | 470 | -2.1 |
Proposals | 8 | 12 | 5 | -33.3 | 60.0 | 149 | 108 | 38.0 |
Nova Scotia | 380 | 328 | 401 | 15.9 | -5.2 | 4,215 | 4,394 | -4.1 |
Bankruptcies | 283 | 224 | 306 | 26.3 | -7.5 | 3,112 | 3,441 | -9.6 |
Proposals | 97 | 104 | 95 | -6.7 | 2.1 | 1,103 | 953 | 15.7 |
New Brunswick | 296 | 308 | 377 | -3.9 | -21.5 | 3,736 | 3,725 | 0.3 |
Bankruptcies | 207 | 228 | 286 | -9.2 | -27.6 | 2,811 | 2,963 | -5.1 |
Proposals | 89 | 80 | 91 | 11.3 | -2.2 | 925 | 762 | 21.4 |
Quebec | 3,354 | 3,246 | 3,368 | 3.3 | -0.4 | 36,369 | 35,726 | 1.8 |
Bankruptcies | 2,030 | 2,058 | 2,229 | -1.4 | -8.9 | 24,190 | 25,323 | -4.5 |
Proposals | 1,324 | 1,188 | 1,139 | 11.4 | 16.2 | 12,179 | 10,403 | 17.1 |
Ontario | 3,908 | 3,317 | 4,333 | 17.8 | -9.8 | 46,146 | 49,706 | -7.2 |
Bankruptcies | 1,885 | 1,556 | 2,078 | 21.1 | -9.3 | 22,631 | 24,960 | -9.3 |
Proposals | 2,023 | 1,761 | 2,255 | 14.9 | -10.3 | 23,515 | 24,746 | -5.0 |
Manitoba | 162 | 119 | 165 | 36.1 | -1.8 | 1,814 | 2,038 | -11.0 |
Bankruptcies | 107 | 70 | 108 | 52.9 | -0.9 | 1,230 | 1,413 | -13.0 |
Proposals | 55 | 49 | 57 | 12.2 | -3.5 | 584 | 625 | -6.6 |
Saskatchewan | 146 | 114 | 181 | 28.1 | -19.3 | 1,634 | 1,987 | -17.8 |
Bankruptcies | 90 | 73 | 103 | 23.3 | -12.6 | 979 | 1,193 | -17.9 |
Proposals | 56 | 41 | 78 | 36.6 | -28.2 | 655 | 794 | -17.5 |
Alberta | 754 | 694 | 908 | 8.6 | -17.0 | 8,908 | 9,910 | -10.1 |
Bankruptcies | 429 | 412 | 568 | 4.1 | -24.5 | 5,428 | 6,753 | -19.6 |
Proposals | 325 | 282 | 340 | 15.2 | -4.4 | 3,480 | 3,157 | 10.2 |
British Columbia | 974 | 953 | 1,076 | 2.2 | -9.5 | 11,505 | 11,688 | -1.6 |
Bankruptcies | 597 | 582 | 680 | 2.6 | -12.2 | 7,393 | 7,773 | -4.9 |
Proposals | 377 | 371 | 396 | 1.6 | -4.8 | 4,112 | 3,915 | 5.0 |
Northwest Territories | 3 | 4 | 10 | -25.0 | -70.0 | 44 | 50 | -12.0 |
Bankruptcies | 1 | 3 | 5 | -66.7 | -80.0 | 24 | 35 | -31.4 |
Proposals | 2 | 1 | 5 | 100.0 | -60.0 | 20 | 15 | 33.3 |
Yukon | 1 | 4 | 1 | -75.0 | 0.0 | 37 | 31 | 19.4 |
Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 21 | 27 | -22.2 |
Proposals | 0 | 3 | 0 | -100.0 | -- | 16 | 4 | 300.0 |
Nunavut | 1 | 0 | 0 | -- | -- | 3 | 6 | -50.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 1 | 4 | -75.0 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Canada | 10,161 | 9,279 | 11,020 | 9.5 | -7.8 | 116,772 | 121,808 | -4.1 |
Bankruptcies | 5,796 | 5,374 | 6,551 | 7.9 | -11.5 | 69,895 | 76,202 | -8.3 |
Proposals | 4,365 | 3,905 | 4,469 | 11.8 | -2.3 | 46,877 | 45,606 | 2.8 |
empty cell | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2013 | Feb. 2013 | March 2012 | Feb. 2013 to March 2013 | March 2012 to March 2013 | 03-31-2013 | 03-31-2012 | % Change | |
Newfoundland and Labrador | 0 | 1 | 4 | -100.0 | -100.0 | 18 | 23 | -21.7 |
Bankruptcies | 0 | 1 | 4 | -100.0 | -100.0 | 12 | 21 | -42.9 |
Proposals | 0 | 0 | 0 | -- | -- | 6 | 2 | 200.0 |
Prince Edward Island | 0 | 3 | 3 | -100.0 | -100.0 | 13 | 24 | -45.8 |
Bankruptcies | 0 | 3 | 3 | -100.0 | -100.0 | 12 | 19 | -36.8 |
Proposals | 0 | 0 | 0 | -- | -- | 1 | 5 | -80.0 |
Nova Scotia | 6 | 12 | 7 | -50.0 | -14.3 | 109 | 98 | 11.2 |
Bankruptcies | 6 | 8 | 6 | -25.0 | 0.0 | 88 | 80 | 10.0 |
Proposals | 0 | 4 | 1 | -100.0 | -100.0 | 21 | 18 | 16.7 |
New Brunswick | 2 | 7 | 2 | -71.4 | 0.0 | 67 | 65 | 3.1 |
Bankruptcies | 2 | 5 | 2 | -60.0 | 0.0 | 48 | 52 | -7.7 |
Proposals | 0 | 2 | 0 | -100.0 | -- | 19 | 13 | 46.2 |
Quebec | 181 | 214 | 176 | -15.4 | 2.8 | 2,043 | 2,098 | -2.6 |
Bankruptcies | 137 | 151 | 119 | -9.3 | 15.1 | 1,512 | 1,532 | -1.3 |
Proposals | 44 | 63 | 57 | -30.2 | -22.8 | 531 | 566 | -6.2 |
Ontario | 118 | 89 | 155 | 32.6 | -23.9 | 1,276 | 1,571 | -18.8 |
Bankruptcies | 93 | 65 | 119 | 43.1 | -21.8 | 978 | 1,237 | -20.9 |
Proposals | 25 | 24 | 36 | 4.2 | -30.6 | 298 | 334 | -10.8 |
Manitoba | 3 | 6 | 6 | -50.0 | -50.0 | 47 | 70 | -32.9 |
Bankruptcies | 3 | 6 | 4 | -50.0 | -25.0 | 39 | 57 | -31.6 |
Proposals | 0 | 0 | 2 | -- | -100.0 | 8 | 13 | -38.5 |
Saskatchewan | 16 | 12 | 12 | 33.3 | 33.3 | 124 | 145 | -14.5 |
Bankruptcies | 13 | 4 | 9 | 225.0 | 44.4 | 71 | 104 | -31.7 |
Proposals | 3 | 8 | 3 | -62.5 | 0.0 | 53 | 41 | 29.3 |
Alberta | 20 | 19 | 25 | 5.3 | -20.0 | 279 | 339 | -17.7 |
Bankruptcies | 12 | 14 | 19 | -14.3 | -36.8 | 202 | 250 | -19.2 |
Proposals | 8 | 5 | 6 | 60.0 | 33.3 | 77 | 89 | -13.5 |
British Columbia | 24 | 31 | 29 | -22.6 | -17.2 | 265 | 267 | -0.7 |
Bankruptcies | 22 | 19 | 19 | 15.8 | 15.8 | 193 | 203 | -4.9 |
Proposals | 2 | 12 | 10 | -83.3 | -80.0 | 72 | 64 | 12.5 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Yukon | 0 | 2 | 0 | -100.0 | -- | 3 | 1 | 200.0 |
Bankruptcies | 0 | 2 | 0 | -100.0 | -- | 3 | 1 | 200.0 |
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 | 370 | 396 | 419 | -6.6 | -11.7 | 4,246 | 4,701 | -9.7 |
Bankruptcies | 288 | 278 | 304 | 3.6 | -5.3 | 3,159 | 3,556 | -11.2 |
Proposals | 82 | 118 | 115 | -30.5 | -28.7 | 1,087 | 1,145 | -5.1 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
March 2013 | Feb. 2013 | March 2012 | Feb. 2013 to March 2013 | March 2012 to March 2013 | 03-31-2013 | 03-31-2012 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 11 | 9 | 6 | 22.2 | 83.3 | 117 | 122 | -4.1 |
Bankruptcies | 9 | 7 | 6 | 28.6 | 50.0 | 84 | 89 | -5.6 |
Proposals | 2 | 2 | 0 | 0.0 | -- | 33 | 33 | 0.0 |
Mining and Oil and Gas Extraction | 5 | 0 | 0 | -- | -- | 39 | 19 | 105.3 |
Bankruptcies | 2 | 0 | 0 | -- | -- | 28 | 13 | 115.4 |
Proposals | 3 | 0 | 0 | -- | -- | 11 | 6 | 83.3 |
Utilities | 0 | 4 | 1 | -100.0 | -100.0 | 21 | 15 | 40.0 |
Bankruptcies | 0 | 3 | 1 | -100.0 | -100.0 | 11 | 11 | 0.0 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 10 | 4 | 150.0 |
Construction | 66 | 87 | 94 | -24.1 | -29.8 | 796 | 795 | 0.1 |
Bankruptcies | 57 | 57 | 69 | 0.0 | -17.4 | 587 | 609 | -3.6 |
Proposals | 9 | 30 | 25 | -70.0 | -64.0 | 209 | 186 | 12.4 |
Manufacturing | 36 | 35 | 41 | 2.9 | -12.2 | 418 | 547 | -23.6 |
Bankruptcies | 24 | 22 | 26 | 9.1 | -7.7 | 288 | 396 | -27.3 |
Proposals | 12 | 13 | 15 | -7.7 | -20.0 | 130 | 151 | -13.9 |
Wholesale Trade | 14 | 26 | 26 | -46.2 | -46.2 | 226 | 264 | -14.4 |
Bankruptcies | 12 | 18 | 21 | -33.3 | -42.9 | 165 | 204 | -19.1 |
Proposals | 2 | 8 | 5 | -75.0 | -60.0 | 61 | 60 | 1.7 |
Retail Trade | 52 | 50 | 60 | 4.0 | -13.3 | 561 | 614 | -8.6 |
Bankruptcies | 41 | 36 | 41 | 13.9 | 0.0 | 438 | 460 | -4.8 |
Proposals | 11 | 14 | 19 | -21.4 | -42.1 | 123 | 154 | -20.1 |
Transportation and Warehousing | 18 | 18 | 19 | 0.0 | -5.3 | 257 | 302 | -14.9 |
Bankruptcies | 14 | 12 | 14 | 16.7 | 0.0 | 209 | 243 | -14.0 |
Proposals | 4 | 6 | 5 | -33.3 | -20.0 | 48 | 59 | -18.6 |
Information and Cultural Industries | 5 | 4 | 6 | 25.0 | -16.7 | 60 | 71 | -15.5 |
Bankruptcies | 5 | 4 | 6 | 25.0 | -16.7 | 50 | 52 | -3.8 |
Proposals | 0 | 0 | 0 | -- | -- | 10 | 19 | -47.4 |
Finance and Insurance | 5 | 11 | 9 | -54.5 | -44.4 | 73 | 102 | -28.4 |
Bankruptcies | 4 | 10 | 7 | -60.0 | -42.9 | 61 | 74 | -17.6 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 12 | 28 | -57.1 |
Real Estate and Rental and Leasing | 18 | 13 | 15 | 38.5 | 20.0 | 112 | 129 | -13.2 |
Bankruptcies | 16 | 10 | 10 | 60.0 | 60.0 | 79 | 97 | -18.6 |
Proposals | 2 | 3 | 5 | -33.3 | -60.0 | 33 | 32 | 3.1 |
Professional, Scientific and Technical Services | 36 | 25 | 28 | 44.0 | 28.6 | 268 | 298 | -10.1 |
Bankruptcies | 29 | 20 | 21 | 45.0 | 38.1 | 199 | 209 | -4.8 |
Proposals | 7 | 5 | 7 | 40.0 | 0.0 | 69 | 89 | -22.5 |
Management of Companies and Enterprises | 7 | 4 | 5 | 75.0 | 40.0 | 60 | 60 | 0.0 |
Bankruptcies | 6 | 3 | 4 | 100.0 | 50.0 | 49 | 48 | 2.1 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 11 | 12 | -8.3 |
Administrative and Support, Waste Management and Remediation Services | 18 | 11 | 15 | 63.6 | 20.0 | 195 | 224 | -12.9 |
Bankruptcies | 13 | 8 | 10 | 62.5 | 30.0 | 145 | 167 | -13.2 |
Proposals | 5 | 3 | 5 | 66.7 | 0.0 | 50 | 57 | -12.3 |
Educational Services | 2 | 3 | 4 | -33.3 | -50.0 | 29 | 34 | -14.7 |
Bankruptcies | 1 | 1 | 3 | 0.0 | -66.7 | 23 | 25 | -8.0 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 6 | 9 | -33.3 |
Health Care and Social Assistance | 3 | 6 | 3 | -50.0 | 0.0 | 53 | 73 | -27.4 |
Bankruptcies | 2 | 4 | 3 | -50.0 | -33.3 | 41 | 51 | -19.6 |
Proposals | 1 | 2 | 0 | -50.0 | -- | 12 | 22 | -45.5 |
Arts, Entertainment and Recreation | 6 | 9 | 9 | -33.3 | -33.3 | 77 | 92 | -16.3 |
Bankruptcies | 6 | 8 | 7 | -25.0 | -14.3 | 62 | 79 | -21.5 |
Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 15 | 13 | 15.4 |
Accommodation and Food Services | 57 | 59 | 57 | -3.4 | 0.0 | 626 | 653 | -4.1 |
Bankruptcies | 40 | 40 | 36 | 0.0 | 11.1 | 438 | 495 | -11.5 |
Proposals | 17 | 19 | 21 | -10.5 | -19.0 | 188 | 158 | 19.0 |
Other Services (except Public Administration) | 11 | 22 | 19 | -50.0 | -42.1 | 257 | 280 | -8.2 |
Bankruptcies | 7 | 15 | 17 | -53.3 | -58.8 | 202 | 228 | -11.4 |
Proposals | 4 | 7 | 2 | -42.9 | 100.0 | 55 | 52 | 5.8 |
Public Administration | 0 | 0 | 2 | -- | -100.0 | 1 | 6 | -83.3 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 0 | 5 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Total | 370 | 396 | 419 | -6.6 | -11.7 | 4,246 | 4,701 | -9.7 |
Bankruptcies | 288 | 278 | 304 | 3.6 | -5.3 | 3,159 | 3,556 | -11.2 |
Proposals | 82 | 118 | 115 | -30.5 | -28.7 | 1,087 | 1,145 | -5.1 |