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Insolvency Statistics in Canada - June 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.
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
June 2013 | May 2013 | June 2012 | May 2013 to June 2013 | June 2012 to June 2013 | 06-30-2013 | 06-30-2012 | % Change | |
Newfoundland and Labrador | 140 | 184 | 161 | -23.9 | -13.0 | 1,748 | 1,922 | -9.1 |
Bankruptcies | 136 | 163 | 146 | -16.6 | -6.8 | 1,615 | 1,779 | -9.2 |
Proposals | 4 | 21 | 15 | -81.0 | -73.3 | 133 | 143 | -7.0 |
Prince Edward Island | 46 | 49 | 55 | -6.1 | -16.4 | 604 | 606 | -0.3 |
Bankruptcies | 36 | 34 | 40 | 5.9 | -10.0 | 467 | 464 | 0.6 |
Proposals | 10 | 15 | 15 | -33.3 | -33.3 | 137 | 142 | -3.5 |
Nova Scotia | 419 | 445 | 379 | -5.8 | 10.6 | 4,424 | 4,516 | -2.0 |
Bankruptcies | 273 | 325 | 284 | -16.0 | -3.9 | 3,192 | 3,487 | -8.5 |
Proposals | 146 | 120 | 95 | 21.7 | 53.7 | 1,232 | 1,029 | 19.7 |
New Brunswick | 347 | 372 | 349 | -6.7 | -0.6 | 3,809 | 3,846 | -1.0 |
Bankruptcies | 241 | 277 | 271 | -13.0 | -11.1 | 2,822 | 2,998 | -5.9 |
Proposals | 106 | 95 | 78 | 11.6 | 35.9 | 987 | 848 | 16.4 |
Quebec | 3,258 | 3,944 | 2,941 | -17.4 | 10.8 | 39,827 | 37,728 | 5.6 |
Bankruptcies | 2,112 | 2,537 | 2,039 | -16.8 | 3.6 | 26,147 | 26,450 | -1.1 |
Proposals | 1,146 | 1,407 | 902 | -18.6 | 27.1 | 13,680 | 11,278 | 21.3 |
Ontario | 3,660 | 4,271 | 4,174 | -14.3 | -12.3 | 46,679 | 50,603 | -7.8 |
Bankruptcies | 1,868 | 2,163 | 2,094 | -13.6 | -10.8 | 23,366 | 25,539 | -8.5 |
Proposals | 1,792 | 2,108 | 2,080 | -15.0 | -13.8 | 23,313 | 25,064 | -7.0 |
Manitoba | 153 | 180 | 163 | -15.0 | -6.1 | 1,861 | 2,058 | -9.6 |
Bankruptcies | 107 | 118 | 107 | -9.3 | 0.0 | 1,267 | 1,403 | -9.7 |
Proposals | 46 | 62 | 56 | -25.8 | -17.9 | 594 | 655 | -9.3 |
Saskatchewan | 134 | 169 | 168 | -20.7 | -20.2 | 1,749 | 2,033 | -14.0 |
Bankruptcies | 73 | 98 | 100 | -25.5 | -27.0 | 1,043 | 1,221 | -14.6 |
Proposals | 61 | 71 | 68 | -14.1 | -10.3 | 706 | 812 | -13.1 |
Alberta | 681 | 790 | 840 | -13.8 | -18.9 | 8,983 | 9,988 | -10.1 |
Bankruptcies | 384 | 445 | 506 | -13.7 | -24.1 | 5,346 | 6,634 | -19.4 |
Proposals | 297 | 345 | 334 | -13.9 | -11.1 | 3,637 | 3,354 | 8.4 |
British Columbia | 1,014 | 1,168 | 1,013 | -13.2 | 0.1 | 11,851 | 12,162 | -2.6 |
Bankruptcies | 595 | 700 | 652 | -15.0 | -8.7 | 7,455 | 7,982 | -6.6 |
Proposals | 419 | 468 | 361 | -10.5 | 16.1 | 4,396 | 4,180 | 5.2 |
Northwest Territories | 5 | 2 | 3 | 150.0 | 66.7 | 47 | 47 | 0.0 |
Bankruptcies | 4 | 1 | 2 | 300.0 | 100.0 | 25 | 32 | -21.9 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 22 | 15 | 46.7 |
Yukon | 3 | 3 | 3 | 0.0 | 0.0 | 43 | 30 | 43.3 |
Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 26 | 25 | 4.0 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 17 | 5 | 240.0 |
Nunavut | 1 | 0 | 0 | -- | -- | 5 | 3 | 66.7 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
Proposals | 1 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
Canada | 9,861 | 11,577 | 10,249 | -14.8 | -3.8 | 121,630 | 125,542 | -3.1 |
Bankruptcies | 5,832 | 6,863 | 6,243 | -15.0 | -6.6 | 72,773 | 78,015 | -6.7 |
Proposals | 4,029 | 4,714 | 4,006 | -14.5 | 0.6 | 48,857 | 47,527 | 2.8 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
June 2013 | May 2013 | June 2012 | May 2013 to June 2013 | June 2012 to June 2013 | 06-30-2013 | 06-30-2012 | % Change | |
Newfoundland and Labrador | 139 | 179 | 161 | -22.3 | -13.7 | 1,723 | 1,905 | -9.6 |
Bankruptcies | 135 | 159 | 146 | -15.1 | -7.5 | 1,597 | 1,764 | -9.5 |
Proposals | 4 | 20 | 15 | -80.0 | -73.3 | 126 | 141 | -10.6 |
Prince Edward Island | 45 | 49 | 52 | -8.2 | -13.5 | 591 | 583 | 1.4 |
Bankruptcies | 36 | 34 | 38 | 5.9 | -5.3 | 456 | 445 | 2.5 |
Proposals | 9 | 15 | 14 | -40.0 | -35.7 | 135 | 138 | -2.2 |
Nova Scotia | 408 | 437 | 370 | -6.6 | 10.3 | 4,311 | 4,427 | -2.6 |
Bankruptcies | 265 | 319 | 275 | -16.9 | -3.6 | 3,105 | 3,412 | -9.0 |
Proposals | 143 | 118 | 95 | 21.2 | 50.5 | 1,206 | 1,015 | 18.8 |
New Brunswick | 337 | 366 | 346 | -7.9 | -2.6 | 3,738 | 3,783 | -1.2 |
Bankruptcies | 234 | 272 | 268 | -14.0 | -12.7 | 2,770 | 2,949 | -6.1 |
Proposals | 103 | 94 | 78 | 9.6 | 32.1 | 968 | 834 | 16.1 |
Quebec | 3,093 | 3,735 | 2,778 | -17.2 | 11.3 | 37,751 | 35,671 | 5.8 |
Bankruptcies | 2,000 | 2,384 | 1,911 | -16.1 | 4.7 | 24,630 | 24,948 | -1.3 |
Proposals | 1,093 | 1,351 | 867 | -19.1 | 26.1 | 13,121 | 10,723 | 22.4 |
Ontario | 3,564 | 4,166 | 4,063 | -14.5 | -12.3 | 45,403 | 49,117 | -7.6 |
Bankruptcies | 1,803 | 2,085 | 2,010 | -13.5 | -10.3 | 22,380 | 24,396 | -8.3 |
Proposals | 1,761 | 2,081 | 2,053 | -15.4 | -14.2 | 23,023 | 24,721 | -6.9 |
Manitoba | 150 | 178 | 158 | -15.7 | -5.1 | 1,811 | 1,990 | -9.0 |
Bankruptcies | 104 | 117 | 106 | -11.1 | -1.9 | 1,223 | 1,350 | -9.4 |
Proposals | 46 | 61 | 52 | -24.6 | -11.5 | 588 | 640 | -8.1 |
Saskatchewan | 122 | 159 | 160 | -23.3 | -23.8 | 1,629 | 1,887 | -13.7 |
Bankruptcies | 65 | 91 | 94 | -28.6 | -30.9 | 975 | 1,118 | -12.8 |
Proposals | 57 | 68 | 66 | -16.2 | -13.6 | 654 | 769 | -15.0 |
Alberta | 669 | 773 | 809 | -13.5 | -17.3 | 8,749 | 9,641 | -9.3 |
Bankruptcies | 375 | 434 | 484 | -13.6 | -22.5 | 5,179 | 6,369 | -18.7 |
Proposals | 294 | 339 | 325 | -13.3 | -9.5 | 3,570 | 3,272 | 9.1 |
British Columbia | 992 | 1,140 | 1,004 | -13.0 | -1.2 | 11,571 | 11,909 | -2.8 |
Bankruptcies | 578 | 678 | 644 | -14.7 | -10.2 | 7,255 | 7,786 | -6.8 |
Proposals | 414 | 462 | 360 | -10.4 | 15.0 | 4,316 | 4,123 | 4.7 |
Northwest Territories | 5 | 2 | 3 | 150.0 | 66.7 | 47 | 46 | 2.2 |
Bankruptcies | 4 | 1 | 2 | 300.0 | 100.0 | 25 | 32 | -21.9 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 22 | 14 | 57.1 |
Yukon | 3 | 3 | 3 | 0.0 | 0.0 | 41 | 28 | 46.4 |
Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 24 | 23 | 4.3 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 17 | 5 | 240.0 |
Nunavut | 1 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Proposals | 1 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
Canada | 9,528 | 11,187 | 9,907 | -14.8 | -3.8 | 117,369 | 120,990 | -3.0 |
Bankruptcies | 5,602 | 6,576 | 5,980 | -14.8 | -6.3 | 69,620 | 74,593 | -6.7 |
Proposals | 3,926 | 4,611 | 3,927 | -14.9 | 0.0 | 47,749 | 46,397 | 2.9 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
June 2013 | May 2013 | June 2012 | May 2013 to June 2013 | June 2012 to June 2013 | 06-30-2013 | 06-30-2012 | % Change | |
Newfoundland and Labrador | 1 | 5 | 0 | -80.0 | -- | 25 | 17 | 47.1 |
Bankruptcies | 1 | 4 | 0 | -75.0 | -- | 18 | 15 | 20.0 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 7 | 2 | 250.0 |
Prince Edward Island | 1 | 0 | 3 | -- | -66.7 | 13 | 23 | -43.5 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 11 | 19 | -42.1 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 2 | 4 | -50.0 |
Nova Scotia | 11 | 8 | 9 | 37.5 | 22.2 | 113 | 89 | 27.0 |
Bankruptcies | 8 | 6 | 9 | 33.3 | -11.1 | 87 | 75 | 16.0 |
Proposals | 3 | 2 | 0 | 50.0 | -- | 26 | 14 | 85.7 |
New Brunswick | 10 | 6 | 3 | 66.7 | 233.3 | 71 | 63 | 12.7 |
Bankruptcies | 7 | 5 | 3 | 40.0 | 133.3 | 52 | 49 | 6.1 |
Proposals | 3 | 1 | 0 | 200.0 | -- | 19 | 14 | 35.7 |
Quebec | 165 | 209 | 163 | -21.1 | 1.2 | 2,076 | 2,057 | 0.9 |
Bankruptcies | 112 | 153 | 128 | -26.8 | -12.5 | 1,517 | 1,502 | 1.0 |
Proposals | 53 | 56 | 35 | -5.4 | 51.4 | 559 | 555 | 0.7 |
Ontario | 96 | 105 | 111 | -8.6 | -13.5 | 1,276 | 1,486 | -14.1 |
Bankruptcies | 65 | 78 | 84 | -16.7 | -22.6 | 986 | 1,143 | -13.7 |
Proposals | 31 | 27 | 27 | 14.8 | 14.8 | 290 | 343 | -15.5 |
Manitoba | 3 | 2 | 5 | 50.0 | -40.0 | 50 | 68 | -26.5 |
Bankruptcies | 3 | 1 | 1 | 200.0 | 200.0 | 44 | 53 | -17.0 |
Proposals | 0 | 1 | 4 | -100.0 | -100.0 | 6 | 15 | -60.0 |
Saskatchewan | 12 | 10 | 8 | 20.0 | 50.0 | 120 | 146 | -17.8 |
Bankruptcies | 8 | 7 | 6 | 14.3 | 33.3 | 68 | 103 | -34.0 |
Proposals | 4 | 3 | 2 | 33.3 | 100.0 | 52 | 43 | 20.9 |
Alberta | 12 | 17 | 31 | -29.4 | -61.3 | 234 | 347 | -32.6 |
Bankruptcies | 9 | 11 | 22 | -18.2 | -59.1 | 167 | 265 | -37.0 |
Proposals | 3 | 6 | 9 | -50.0 | -66.7 | 67 | 82 | -18.3 |
British Columbia | 22 | 28 | 9 | -21.4 | 144.4 | 280 | 253 | 10.7 |
Bankruptcies | 17 | 22 | 8 | -22.7 | 112.5 | 200 | 196 | 2.0 |
Proposals | 5 | 6 | 1 | -16.7 | 400.0 | 80 | 57 | 40.4 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Yukon | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 2 | 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 | 333 | 390 | 342 | -14.6 | -2.6 | 4,261 | 4,552 | -6.4 |
Bankruptcies | 230 | 287 | 263 | -19.9 | -12.5 | 3,153 | 3,422 | -7.9 |
Proposals | 103 | 103 | 79 | 0.0 | 30.4 | 1,108 | 1,130 | -1.9 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
June 2013 | May 2013 | June 2012 | May 2013 to June 2013 | June 2012 to June 2013 | 06-30-2013 | 06-30-2012 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 6 | 10 | 13 | -40.0 | -53.8 | 100 | 133 | -24.8 |
Bankruptcies | 6 | 7 | 10 | -14.3 | -40.0 | 73 | 103 | -29.1 |
Proposals | 0 | 3 | 3 | -100.0 | -100.0 | 27 | 30 | -10.0 |
Mining and Oil and Gas Extraction | 3 | 5 | 3 | -40.0 | 0.0 | 44 | 20 | 120.0 |
Bankruptcies | 1 | 3 | 2 | -66.7 | -50.0 | 29 | 14 | 107.1 |
Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 15 | 6 | 150.0 |
Utilities | 0 | 0 | 2 | -- | -100.0 | 15 | 16 | -6.3 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 6 | 13 | -53.8 |
Proposals | 0 | 0 | 0 | -- | -- | 9 | 3 | 200.0 |
Construction | 57 | 64 | 78 | -10.9 | -26.9 | 761 | 797 | -4.5 |
Bankruptcies | 42 | 50 | 56 | -16.0 | -25.0 | 561 | 607 | -7.6 |
Proposals | 15 | 14 | 22 | 7.1 | -31.8 | 200 | 190 | 5.3 |
Manufacturing | 34 | 36 | 25 | -5.6 | 36.0 | 429 | 505 | -15.0 |
Bankruptcies | 21 | 24 | 17 | -12.5 | 23.5 | 294 | 364 | -19.2 |
Proposals | 13 | 12 | 8 | 8.3 | 62.5 | 135 | 141 | -4.3 |
Wholesale Trade | 11 | 20 | 24 | -45.0 | -54.2 | 224 | 251 | -10.8 |
Bankruptcies | 5 | 14 | 18 | -64.3 | -72.2 | 157 | 188 | -16.5 |
Proposals | 6 | 6 | 6 | 0.0 | 0.0 | 67 | 63 | 6.3 |
Retail Trade | 39 | 43 | 47 | -9.3 | -17.0 | 535 | 631 | -15.2 |
Bankruptcies | 28 | 32 | 34 | -12.5 | -17.6 | 414 | 474 | -12.7 |
Proposals | 11 | 11 | 13 | 0.0 | -15.4 | 121 | 157 | -22.9 |
Transportation and Warehousing | 20 | 21 | 24 | -4.8 | -16.7 | 257 | 271 | -5.2 |
Bankruptcies | 14 | 15 | 20 | -6.7 | -30.0 | 207 | 213 | -2.8 |
Proposals | 6 | 6 | 4 | 0.0 | 50.0 | 50 | 58 | -13.8 |
Information and Cultural Industries | 5 | 9 | 6 | -44.4 | -16.7 | 63 | 66 | -4.5 |
Bankruptcies | 4 | 9 | 5 | -55.6 | -20.0 | 53 | 53 | 0.0 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 10 | 13 | -23.1 |
Finance and Insurance | 4 | 10 | 4 | -60.0 | 0.0 | 78 | 83 | -6.0 |
Bankruptcies | 3 | 9 | 4 | -66.7 | -25.0 | 65 | 62 | 4.8 |
Proposals | 1 | 1 | 0 | 0.0 | -- | 13 | 21 | -38.1 |
Real Estate and Rental and Leasing | 15 | 12 | 3 | 25.0 | 400.0 | 125 | 113 | 10.6 |
Bankruptcies | 14 | 10 | 3 | 40.0 | 366.7 | 96 | 76 | 26.3 |
Proposals | 1 | 2 | 0 | -50.0 | -- | 29 | 37 | -21.6 |
Professional, Scientific and Technical Services | 20 | 27 | 20 | -25.9 | 0.0 | 289 | 287 | 0.7 |
Bankruptcies | 10 | 20 | 15 | -50.0 | -33.3 | 213 | 205 | 3.9 |
Proposals | 10 | 7 | 5 | 42.9 | 100.0 | 76 | 82 | -7.3 |
Management of Companies and Enterprises | 9 | 7 | 5 | 28.6 | 80.0 | 66 | 58 | 13.8 |
Bankruptcies | 6 | 3 | 5 | 100.0 | 20.0 | 49 | 46 | 6.5 |
Proposals | 3 | 4 | 0 | -25.0 | -- | 17 | 12 | 41.7 |
Administrative and Support, Waste Management and Remediation Services | 19 | 19 | 20 | 0.0 | -5.0 | 195 | 232 | -15.9 |
Bankruptcies | 15 | 14 | 15 | 7.1 | 0.0 | 147 | 170 | -13.5 |
Proposals | 4 | 5 | 5 | -20.0 | -20.0 | 48 | 62 | -22.6 |
Educational Services | 5 | 1 | 2 | 400.0 | 150.0 | 31 | 32 | -3.1 |
Bankruptcies | 2 | 0 | 2 | -- | 0.0 | 22 | 26 | -15.4 |
Proposals | 3 | 1 | 0 | 200.0 | -- | 9 | 6 | 50.0 |
Health Care and Social Assistance | 6 | 5 | 3 | 20.0 | 100.0 | 58 | 57 | 1.8 |
Bankruptcies | 5 | 4 | 3 | 25.0 | 66.7 | 47 | 41 | 14.6 |
Proposals | 1 | 1 | 0 | 0.0 | -- | 11 | 16 | -31.3 |
Arts, Entertainment and Recreation | 5 | 6 | 6 | -16.7 | -16.7 | 82 | 77 | 6.5 |
Bankruptcies | 4 | 5 | 5 | -20.0 | -20.0 | 66 | 66 | 0.0 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 16 | 11 | 45.5 |
Accommodation and Food Services | 56 | 74 | 46 | -24.3 | 21.7 | 644 | 657 | -2.0 |
Bankruptcies | 37 | 50 | 37 | -26.0 | 0.0 | 453 | 480 | -5.6 |
Proposals | 19 | 24 | 9 | -20.8 | 111.1 | 191 | 177 | 7.9 |
Other Services (except Public Administration) | 19 | 21 | 11 | -9.5 | 72.7 | 265 | 259 | 2.3 |
Bankruptcies | 13 | 18 | 10 | -27.8 | 30.0 | 201 | 216 | -6.9 |
Proposals | 6 | 3 | 1 | 100.0 | 500.0 | 64 | 43 | 48.8 |
Public Administration | 0 | 0 | 0 | -- | -- | 0 | 7 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
Total | 333 | 390 | 342 | -14.6 | -2.6 | 4,261 | 4,552 | -6.4 |
Bankruptcies | 230 | 287 | 263 | -19.9 | -12.5 | 3,153 | 3,422 | -7.9 |
Proposals | 103 | 103 | 79 | 0.0 | 30.4 | 1,108 | 1,130 | -1.9 |