Insolvency Statistics in Canada—April 2013

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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
empty cell Volume % Change 12-Month Period Ending
April 2013 March 2013 April 2012 March 2013 to April 2013 April 2012 to April 2013 04-30-2013 04-30-2012 % Change
Newfoundland and Labrador 157 145 164 8.3 -4.3 1,763 1,965 -10.3
Bankruptcies 140 136 148 2.9 -5.4 1,619 1,833 -11.7
Proposals 17 9 16 88.9 6.3 144 132 9.1
Prince Edward Island 53 37 59 43.2 -10.2 616 603 2.2
Bankruptcies 41 29 38 41.4 7.9 475 476 -0.2
Proposals 12 8 21 50.0 -42.9 141 127 11.0
Nova Scotia 439 386 404 13.7 8.7 4,359 4,491 -2.9
Bankruptcies 334 289 323 15.6 3.4 3,211 3,494 -8.1
Proposals 105 97 81 8.2 29.6 1,148 997 15.1
New Brunswick 320 298 318 7.4 0.6 3,805 3,768 1.0
Bankruptcies 258 209 240 23.4 7.5 2,877 2,966 -3.0
Proposals 62 89 78 -30.3 -20.5 928 802 15.7
Quebec 3,905 3,535 3,257 10.5 19.9 39,060 37,745 3.5
Bankruptcies 2,517 2,167 2,252 16.2 11.8 25,967 26,671 -2.6
Proposals 1,388 1,368 1,005 1.5 38.1 13,093 11,074 18.2
Ontario 4,396 4,026 4,255 9.2 3.3 47,563 50,870 -6.5
Bankruptcies 2,248 1,978 2,164 13.7 3.9 23,693 25,915 -8.6
Proposals 2,148 2,048 2,091 4.9 2.7 23,870 24,955 -4.3
Manitoba 181 165 172 9.7 5.2 1,870 2,109 -11.3
Bankruptcies 115 110 119 4.5 -3.4 1,265 1,473 -14.1
Proposals 66 55 53 20.0 24.5 605 636 -4.9
Saskatchewan 176 162 153 8.6 15.0 1,781 2,079 -14.3
Bankruptcies 110 103 91 6.8 20.9 1,069 1,257 -15.0
Proposals 66 59 62 11.9 6.5 712 822 -13.4
Alberta 810 774 819 4.7 -1.1 9,178 10,141 -9.5
Bankruptcies 479 441 543 8.6 -11.8 5,566 6,889 -19.2
Proposals 331 333 276 -0.6 19.9 3,612 3,252 11.1
British Columbia 1,113 998 1,129 11.5 -1.4 11,754 12,068 -2.6
Bankruptcies 689 619 752 11.3 -8.4 7,523 7,992 -5.9
Proposals 424 379 377 11.9 12.5 4,231 4,076 3.8
Northwest Territories 4 3 5 33.3 -20.0 44 49 -10.2
Bankruptcies 1 1 2 0.0 -50.0 23 32 -28.1
Proposals 3 2 3 50.0 0.0 21 17 23.5
Yukon 3 1 2 200.0 50.0 41 30 36.7
Bankruptcies 2 1 2 100.0 0.0 24 26 -7.7
Proposals 1 0 0 -- -- 17 4 325.0
Nunavut 0 1 0 -100.0 -- 4 5 -20.0
Bankruptcies 0 1 0 -100.0 -- 2 3 -33.3
Proposals 0 0 0 -- -- 2 2 0.0
Canada 11,557 10,531 10,737 9.7 7.6 121,838 125,923 -3.2
Bankruptcies 6,934 6,084 6,674 14.0 3.9 73,314 79,027 -7.2
Proposals 4,623 4,447 4,063 4.0 13.8 48,524 46,896 3.5

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Table 2: Insolvencies Filed by Consumers
empty cell Volume % Change 12-Month Period Ending
April 2013 March 2013 April 2012 March 2013 to April 2013 April 2012 to April 2013 04-30-2013 04-30-2012 % Change
Newfoundland and Labrador 155 145 163 6.9 -4.9 1,744 1,945 -10.3
Bankruptcies 138 136 147 1.5 -6.1 1,606 1,815 -11.5
Proposals 17 9 16 88.9 6.3 138 130 6.2
Prince Edward Island 51 37 59 37.8 -13.6 601 581 3.4
Bankruptcies 40 29 38 37.9 5.3 462 458 0.9
Proposals 11 8 21 37.5 -47.6 139 123 13.0
Nova Scotia 430 380 398 13.2 8.0 4,247 4,395 -3.4
Bankruptcies 327 283 318 15.5 2.8 3,121 3,415 -8.6
Proposals 103 97 80 6.2 28.8 1,126 980 14.9
New Brunswick 314 296 309 6.1 1.6 3,741 3,700 1.1
Bankruptcies 253 207 236 22.2 7.2 2,828 2,915 -3.0
Proposals 61 89 73 -31.5 -16.4 913 785 16.3
Quebec 3,715 3,354 3,091 10.8 20.2 36,993 35,676 3.7
Bankruptcies 2,384 2,030 2,122 17.4 12.3 24,452 25,160 -2.8
Proposals 1,331 1,324 969 0.5 37.4 12,541 10,516 19.3
Ontario 4,258 3,908 4,140 9.0 2.9 46,264 49,309 -6.2
Bankruptcies 2,136 1,885 2,079 13.3 2.7 22,688 24,696 -8.1
Proposals 2,122 2,023 2,061 4.9 3.0 23,576 24,613 -4.2
Manitoba 174 162 172 7.4 1.2 1,816 2,044 -11.2
Bankruptcies 109 107 119 1.9 -8.4 1,220 1,421 -14.1
Proposals 65 55 53 18.2 22.6 596 623 -4.3
Saskatchewan 166 146 139 13.7 19.4 1,661 1,930 -13.9
Bankruptcies 104 90 81 15.6 28.4 1,002 1,151 -12.9
Proposals 62 56 58 10.7 6.9 659 779 -15.4
Alberta 793 754 794 5.2 -0.1 8,907 9,799 -9.1
Bankruptcies 464 429 523 8.2 -11.3 5,369 6,636 -19.1
Proposals 329 325 271 1.2 21.4 3,538 3,163 11.9
British Columbia 1,094 974 1,103 12.3 -0.8 11,496 11,799 -2.6
Bankruptcies 676 597 731 13.2 -7.5 7,338 7,786 -5.8
Proposals 418 377 372 10.9 12.4 4,158 4,013 3.6
Northwest Territories 4 3 4 33.3 0.0 44 48 -8.3
Bankruptcies 1 1 2 0.0 -50.0 23 32 -28.1
Proposals 3 2 2 50.0 50.0 21 16 31.3
Yukon 3 1 2 200.0 50.0 38 29 31.0
Bankruptcies 2 1 2 100.0 0.0 21 25 -16.0
Proposals 1 0 0 -- -- 17 4 325.0
Nunavut 0 1 0 -100.0 -- 3 5 -40.0
Bankruptcies 0 1 0 -100.0 -- 1 3 -66.7
Proposals 0 0 0 -- -- 2 2 0.0
Canada 11,157 10,161 10,374 9.8 7.5 117,555 121,260 -3.1
Bankruptcies 6,634 5,796 6,398 14.5 3.7 70,131 75,513 -7.1
Proposals 4,523 4,365 3,976 3.6 13.8 47,424 45,747 3.7

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Table 3: Insolvencies Filed by Businesses
empty cell Volume % Change 12-Month Period Ending
April 2013 March 2013 April 2012 March 2013 to April 2013 April 2012 to April 2013 04-30-2013 04-30-2012 % Change
Newfoundland and Labrador 2 0 1 -- 100.0 19 20 -5.0
Bankruptcies 2 0 1 -- 100.0 13 18 -27.8
Proposals 0 0 0 -- -- 6 2 200.0
Prince Edward Island 2 0 0 -- -- 15 22 -31.8
Bankruptcies 1 0 0 -- -- 13 18 -27.8
Proposals 1 0 0 -- -- 2 4 -50.0
Nova Scotia 9 6 6 50.0 50.0 112 96 16.7
Bankruptcies 7 6 5 16.7 40.0 90 79 13.9
Proposals 2 0 1 -- 100.0 22 17 29.4
New Brunswick 6 2 9 200.0 -33.3 64 68 -5.9
Bankruptcies 5 2 4 150.0 25.0 49 51 -3.9
Proposals 1 0 5 -- -80.0 15 17 -11.8
Quebec 190 181 166 5.0 14.5 2,067 2,069 -0.1
Bankruptcies 133 137 130 -2.9 2.3 1,515 1,511 0.3
Proposals 57 44 36 29.5 58.3 552 558 -1.1
Ontario 138 118 115 16.9 20.0 1,299 1,561 -16.8
Bankruptcies 112 93 85 20.4 31.8 1,005 1,219 -17.6
Proposals 26 25 30 4.0 -13.3 294 342 -14.0
Manitoba 7 3 0 133.3 -- 54 65 -16.9
Bankruptcies 6 3 0 100.0 -- 45 52 -13.5
Proposals 1 0 0 -- -- 9 13 -30.8
Saskatchewan 10 16 14 -37.5 -28.6 120 149 -19.5
Bankruptcies 6 13 10 -53.8 -40.0 67 106 -36.8
Proposals 4 3 4 33.3 0.0 53 43 23.3
Alberta 17 20 25 -15.0 -32.0 271 342 -20.8
Bankruptcies 15 12 20 25.0 -25.0 197 253 -22.1
Proposals 2 8 5 -75.0 -60.0 74 89 -16.9
British Columbia 19 24 26 -20.8 -26.9 258 269 -4.1
Bankruptcies 13 22 21 -40.9 -38.1 185 206 -10.2
Proposals 6 2 5 200.0 20.0 73 63 15.9
Northwest Territories 0 0 1 -- -100.0 0 1 -100.0
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 1 -- -100.0 0 1 -100.0
Yukon 0 0 0 -- -- 3 1 200.0
Bankruptcies 0 0 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 400 370 363 8.1 10.2 4,283 4,663 -8.1
Bankruptcies 300 288 276 4.2 8.7 3,183 3,514 -9.4
Proposals 100 82 87 22.0 14.9 1,100 1,149 -4.3

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Table 4: Insolvencies by NAICS Economic Sectors, Canada
Volume % Change 12-Month Period Ending
April 2013 March 2013 April 2012 March 2013 to April 2013 April 2012 to April 2013 04-30-2013 04-30-2012 % Change
Agriculture, Forestry, Fishing and Hunting 5 11 11 -54.5 -54.5 111 121 -8.3
Bankruptcies 4 9 8 -55.6 -50.0 80 92 -13.0
Proposals 1 2 3 -50.0 -66.7 31 29 6.9
Mining and Oil and Gas Extraction 5 5 3 0.0 66.7 41 19 115.8
Bankruptcies 4 2 3 100.0 33.3 29 13 123.1
Proposals 1 3 0 -66.7 -- 12 6 100.0
Utilities 0 0 3 -- -100.0 18 16 12.5
Bankruptcies 0 0 2 -- -100.0 9 12 -25.0
Proposals 0 0 1 -- -100.0 9 4 125.0
Construction 60 66 62 -9.1 -3.2 794 802 -1.0
Bankruptcies 45 57 52 -21.1 -13.5 580 616 -5.8
Proposals 15 9 10 66.7 50.0 214 186 15.1
Manufacturing 42 36 37 16.7 13.5 423 527 -19.7
Bankruptcies 31 24 30 29.2 3.3 289 382 -24.3
Proposals 11 12 7 -8.3 57.1 134 145 -7.6
Wholesale Trade 28 14 18 100.0 55.6 236 259 -8.9
Bankruptcies 15 12 12 25.0 25.0 168 197 -14.7
Proposals 13 2 6 550.0 116.7 68 62 9.7
Retail Trade 48 52 59 -7.7 -18.6 550 618 -11.0
Bankruptcies 38 41 50 -7.3 -24.0 426 463 -8.0
Proposals 10 11 9 -9.1 11.1 124 155 -20.0
Transportation and Warehousing 24 18 22 33.3 9.1 259 292 -11.3
Bankruptcies 20 14 16 42.9 25.0 213 232 -8.2
Proposals 4 4 6 0.0 -33.3 46 60 -23.3
Information and Cultural Industries 7 5 6 40.0 16.7 61 69 -11.6
Bankruptcies 6 5 6 20.0 0.0 50 52 -3.8
Proposals 1 0 0 -- -- 11 17 -35.3
Finance and Insurance 6 5 3 20.0 100.0 76 94 -19.1
Bankruptcies 5 4 2 25.0 150.0 64 66 -3.0
Proposals 1 1 1 0.0 0.0 12 28 -57.1
Real Estate and Rental and Leasing 7 18 9 -61.1 -22.2 110 126 -12.7
Bankruptcies 4 16 4 -75.0 0.0 79 91 -13.2
Proposals 3 2 5 50.0 -40.0 31 35 -11.4
Professional, Scientific and Technical Services 37 36 17 2.8 117.6 288 292 -1.4
Bankruptcies 27 29 10 -6.9 170.0 216 203 6.4
Proposals 10 7 7 42.9 42.9 72 89 -19.1
Management of Companies and Enterprises 5 7 3 -28.6 66.7 62 58 6.9
Bankruptcies 4 6 3 -33.3 33.3 50 46 8.7
Proposals 1 1 0 0.0 -- 12 12 0.0
Administrative and Support, Waste Management and Remediation Services 16 18 11 -11.1 45.5 200 217 -7.8
Bankruptcies 13 13 9 0.0 44.4 149 163 -8.6
Proposals 3 5 2 -40.0 50.0 51 54 -5.6
Educational Services 4 2 1 100.0 300.0 32 31 3.2
Bankruptcies 3 1 1 200.0 200.0 25 22 13.6
Proposals 1 1 0 0.0 -- 7 9 -22.2
Health Care and Social Assistance 8 3 5 166.7 60.0 56 66 -15.2
Bankruptcies 8 2 4 300.0 100.0 45 47 -4.3
Proposals 0 1 1 -100.0 -100.0 11 19 -42.1
Arts, Entertainment and Recreation 10 6 4 66.7 150.0 83 91 -8.8
Bankruptcies 9 6 4 50.0 125.0 67 78 -14.1
Proposals 1 0 0 -- -- 16 13 23.1
Accommodation and Food Services 62 57 64 8.8 -3.1 624 678 -8.0
Bankruptcies 47 40 41 17.5 14.6 444 503 -11.7
Proposals 15 17 23 -11.8 -34.8 180 175 2.9
Other Services (except Public Administration) 26 11 24 136.4 8.3 259 279 -7.2
Bankruptcies 17 7 19 142.9 -10.5 200 230 -13.0
Proposals 9 4 5 125.0 80.0 59 49 20.4
Public Administration 0 0 1 -- -100.0 0 7 -100.0
Bankruptcies 0 0 0 -- -- 0 5 -100.0
Proposals 0 0 1 -- -100.0 0 2 -100.0
Total 400 370 363 8.1 10.2 4,283 4,663 -8.1
Bankruptcies 300 288 276 4.2 8.7 3,183 3,514 -9.4
Proposals 100 82 87 22.0 14.9 1,100 1,149 -4.3
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