Insolvency Statistics in Canada—September 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
Sept. 2013 Aug. 2013 Sept. 2012 Aug. 2013
to
Sept. 2013
Sept. 2012
to
Sept. 2013
09-30-2013 09-30-2012 % Change
Newfoundland and Labrador 123 135 122 −8.9 0.8 1,734 1,827 −5.1
Bankruptcies 115 113 113 1.8 1.8 1,589 1,681 −5.5
Proposals 8 22 9 −63.6 −11.1 145 146 −0.7
Prince Edward Island 47 68 45 −30.9 4.4 641 603 6.3
Bankruptcies 28 46 32 −39.1 −12.5 480 457 5.0
Proposals 19 22 13 −13.6 46.2 161 146 10.3
Nova Scotia 450 433 314 3.9 43.3 4,670 4,421 5.6
Bankruptcies 306 294 242 4.1 26.4 3,293 3,379 −2.5
Proposals 144 139 72 3.6 100.0 1,377 1,042 32.1
New Brunswick 330 378 309 −12.7 6.8 3,905 3,928 −0.6
Bankruptcies 217 269 239 −19.3 −9.2 2,857 3,008 −5.0
Proposals 113 109 70 3.7 61.4 1,048 920 13.9
Quebec 3,499 3,408 2,959 2.7 18.2 41,266 37,725 9.4
Bankruptcies 2,253 2,215 2,011 1.7 12.0 26,747 26,140 2.3
Proposals 1,246 1,193 948 4.4 31.4 14,519 11,585 25.3
Ontario 3,722 3,628 3,778 2.6 −1.5 46,149 49,918 −7.6
Bankruptcies 1,801 1,846 1,919 −2.4 −6.1 23,073 25,038 −7.8
Proposals 1,921 1,782 1,859 7.8 3.3 23,076 24,880 −7.3
Manitoba 151 176 173 −14.2 −12.7 1,888 1,994 −5.3
Bankruptcies 100 109 124 −8.3 −19.4 1,253 1,365 −8.2
Proposals 51 67 49 −23.9 4.1 635 629 1.0
Saskatchewan 163 160 147 1.9 10.9 1,752 1,949 −10.1
Bankruptcies 105 98 89 7.1 18.0 1,065 1,146 −7.1
Proposals 58 62 58 −6.5 0.0 687 803 −14.4
Alberta 689 650 686 6.0 0.4 8,757 9,741 −10.1
Bankruptcies 388 386 442 0.5 −12.2 5,103 6,327 −19.3
Proposals 301 264 244 14.0 23.4 3,654 3,414 7.0
British Columbia 952 929 876 2.5 8.7 11,894 12,054 −1.3
Bankruptcies 591 530 588 11.5 0.5 7,310 7,810 −6.4
Proposals 361 399 288 −9.5 25.3 4,584 4,244 8.0
Northwest Territories 3 2 2 50.0 50.0 51 44 15.9
Bankruptcies 1 2 0 −50.0 -- 31 26 19.2
Proposals 2 0 2 -- 0.0 20 18 11.1
Yukon 0 2 5 −100.0 −100.0 35 30 16.7
Bankruptcies 0 1 2 −100.0 −100.0 24 20 20.0
Proposals 0 1 3 −100.0 −100.0 11 10 10.0
Nunavut 0 1 0 −100.0 -- 4 3 33.3
Bankruptcies 0 1 0 −100.0 -- 2 1 100.0
Proposals 0 0 0 -- -- 2 2 0.0
Canada 10,129 9,970 9,416 1.6 7.6 122,746 124,237 −1.2
Bankruptcies 5,905 5,910 5,801 −0.1 1.8 72,827 76,398 −4.7
Proposals 4,224 4,060 3,615 4.0 16.8 49,919 47,839 4.3
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Sept. 2013 Aug. 2013 Sept. 2012 Aug. 2013
to
Sept. 2013
Sept. 2012
to
Sept. 2013
09-30-2013 09-30-2012 % Change
Newfoundland and Labrador 123 125 117 -1.6 5.1 1,705 1,807 -5.6
Bankruptcies 115 109 111 5.5 3.6 1,571 1,667 -5.8
Proposals 8 16 6 -50.0 33.3 134 140 -4.3
Prince Edward Island 43 64 44 -32.8 -2.3 623 581 7.2
Bankruptcies 24 44 31 -45.5 -22.6 466 439 6.2
Proposals 19 20 13 -5.0 46.2 157 142 10.6
Nova Scotia 443 419 308 5.7 43.8 4,552 4,328 5.2
Bankruptcies 300 283 237 6.0 26.6 3,200 3,302 -3.1
Proposals 143 136 71 5.1 101.4 1,352 1,026 31.8
New Brunswick 325 370 304 -12.2 6.9 3,833 3,869 -0.9
Bankruptcies 213 265 237 -19.6 -10.1 2,801 2,965 -5.5
Proposals 112 105 67 6.7 67.2 1,032 904 14.2
Quebec 3,322 3,254 2,769 2.1 20.0 39,162 35,646 9.9
Bankruptcies 2,127 2,097 1,875 1.4 13.4 25,209 24,607 2.4
Proposals 1,195 1,157 894 3.3 33.7 13,953 11,039 26.4
Ontario 3,630 3,532 3,672 2.8 -1.1 44,908 48,480 -7.4
Bankruptcies 1,727 1,761 1,840 -1.9 -6.1 22,097 23,945 -7.7
Proposals 1,903 1,771 1,832 7.5 3.9 22,811 24,535 -7.0
Manitoba 146 166 171 -12.0 -14.6 1,824 1,932 -5.6
Bankruptcies 95 99 122 -4.0 -22.1 1,199 1,317 -9.0
Proposals 51 67 49 -23.9 4.1 625 615 1.6
Saskatchewan 156 153 139 2.0 12.2 1,639 1,813 -9.6
Bankruptcies 101 94 85 7.4 18.8 997 1,060 -5.9
Proposals 55 59 54 -6.8 1.9 642 753 -14.7
Alberta 673 637 662 5.7 1.7 8,542 9,416 -9.3
Bankruptcies 375 379 421 -1.1 -10.9 4,954 6,079 -18.5
Proposals 298 258 241 15.5 23.7 3,588 3,337 7.5
British Columbia 932 911 862 2.3 8.1 11,632 11,794 -1.4
Bankruptcies 573 519 577 10.4 -0.7 7,122 7,612 -6.4
Proposals 359 392 285 -8.4 26.0 4,510 4,182 7.8
Northwest Territories 3 2 2 50.0 50.0 51 43 18.6
Bankruptcies 1 2 0 -50.0 -- 31 26 19.2
Proposals 2 0 2 -- 0.0 20 17 17.6
Yukon 0 2 5 -100.0 -100.0 33 29 13.8
Bankruptcies 0 1 2 -100.0 -100.0 22 19 15.8
Proposals 0 1 3 -100.0 -100.0 11 10 10.0
Nunavut 0 1 0 -100.0 -- 4 2 100.0
Bankruptcies 0 1 0 -100.0 -- 2 0 --
Proposals 0 0 0 -- -- 2 2 0.0
Canada 9,796 9,636 9,055 1.7 8.2 118,508 119,740 -1.0
Bankruptcies 5,651 5,654 5,538 -0.1 2.0 69,671 73,038 -4.6
Proposals 4,145 3,982 3,517 4.1 17.9 48,837 46,702 4.6
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Sept. 2013 Aug. 2013 Sept. 2012 Aug. 2013
to
Sept. 2013
Sept. 2012
to
Sept. 2013
09-30-2013 09-30-2012 % Change
Newfoundland and Labrador 0 10 5 −100.0 −100.0 29 20 45.0
Bankruptcies 0 4 2 −100.0 −100.0 18 14 28.6
Proposals 0 6 3 −100.0 −100.0 11 6 83.3
Prince Edward Island 4 4 1 0.0 300.0 18 22 −18.2
Bankruptcies 4 2 1 100.0 300.0 14 18 −22.2
Proposals 0 2 0 −100.0 -- 4 4 0.0
Nova Scotia 7 14 6 −50.0 16.7 118 93 26.9
Bankruptcies 6 11 5 −45.5 20.0 93 77 20.8
Proposals 1 3 1 −66.7 0.0 25 16 56.3
New Brunswick 5 8 5 −37.5 0.0 72 59 22.0
Bankruptcies 4 4 2 0.0 100.0 56 43 30.2
Proposals 1 4 3 −75.0 −66.7 16 16 0.0
Quebec 177 154 190 14.9 −6.8 2,104 2,079 1.2
Bankruptcies 126 118 136 6.8 −7.4 1,538 1,533 0.3
Proposals 51 36 54 41.7 −5.6 566 546 3.7
Ontario 92 96 106 −4.2 −13.2 1,241 1,438 −13.7
Bankruptcies 74 85 79 −12.9 −6.3 976 1,093 −10.7
Proposals 18 11 27 63.6 −33.3 265 345 −23.2
Manitoba 5 10 2 −50.0 150.0 64 62 3.2
Bankruptcies 5 10 2 −50.0 150.0 54 48 12.5
Proposals 0 0 0 -- -- 10 14 −28.6
Saskatchewan 7 7 8 0.0 −12.5 113 136 −16.9
Bankruptcies 4 4 4 0.0 0.0 68 86 −20.9
Proposals 3 3 4 0.0 −25.0 45 50 −10.0
Alberta 16 13 24 23.1 −33.3 215 325 −33.8
Bankruptcies 13 7 21 85.7 −38.1 149 248 −39.9
Proposals 3 6 3 −50.0 0.0 66 77 −14.3
British Columbia 20 18 14 11.1 42.9 262 260 0.8
Bankruptcies 18 11 11 63.6 63.6 188 198 −5.1
Proposals 2 7 3 −71.4 −33.3 74 62 19.4
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 1 100.0
Bankruptcies 0 0 0 -- -- 2 1 100.0
Proposals 0 0 0 -- -- 0 0 --
Nunavut 0 0 0 -- -- 0 1 −100.0
Bankruptcies 0 0 0 -- -- 0 1 −100.0
Proposals 0 0 0 -- -- 0 0 --
Canada 333 334 361 −0.3 −7.8 4,238 4,497 −5.8
Bankruptcies 254 256 263 −0.8 −3.4 3,156 3,360 −6.1
Proposals 79 78 98 1.3 −19.4 1,082 1,137 −4.8
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Sector Volume % Change 12-Month Period Ending
Sept. 2013 Aug. 2013 Sept. 2012 Aug. 2013
to
Sept. 2013
Sept. 2012
to
Sept. 2013
09-30-2013 09-30-2012 % Change
Agriculture, Forestry, Fishing and Hunting 14 23 9 −39.1 55.6 120 118 1.7
Bankruptcies 10 12 5 −16.7 100.0 84 89 −5.6
Proposals 4 11 4 −63.6 0.0 36 29 24.1
Mining and Oil and Gas Extraction 1 2 5 −50.0 −80.0 34 29 17.2
Bankruptcies 1 0 4 -- −75.0 18 23 −21.7
Proposals 0 2 1 −100.0 −100.0 16 6 166.7
Utilities 1 0 0 -- -- 11 18 −38.9
Bankruptcies 0 0 0 -- -- 5 12 −58.3
Proposals 1 0 0 -- -- 6 6 0.0
Construction 62 65 54 −4.6 14.8 767 812 −5.5
Bankruptcies 44 50 42 −12.0 4.8 568 605 −6.1
Proposals 18 15 12 20.0 50.0 199 207 −3.9
Manufacturing 37 35 35 5.7 5.7 425 480 −11.5
Bankruptcies 27 24 25 12.5 8.0 298 342 −12.9
Proposals 10 11 10 −9.1 0.0 127 138 −8.0
Wholesale Trade 12 20 18 −40.0 −33.3 222 244 −9.0
Bankruptcies 7 18 13 −61.1 −46.2 159 182 −12.6
Proposals 5 2 5 150.0 0.0 63 62 1.6
Retail Trade 44 35 56 25.7 −21.4 514 611 −15.9
Bankruptcies 35 33 42 6.1 −16.7 404 457 −11.6
Proposals 9 2 14 350.0 −35.7 110 154 −28.6
Transportation and Warehousing 29 16 20 81.3 45.0 268 240 11.7
Bankruptcies 24 13 17 84.6 41.2 214 189 13.2
Proposals 5 3 3 66.7 66.7 54 51 5.9
Information and Cultural Industries 1 0 6 -- −83.3 57 62 −8.1
Bankruptcies 0 0 4 -- −100.0 50 53 −5.7
Proposals 1 0 2 -- −50.0 7 9 −22.2
Finance and Insurance 9 6 5 50.0 80.0 79 79 0.0
Bankruptcies 8 6 3 33.3 166.7 69 62 11.3
Proposals 1 0 2 -- −50.0 10 17 −41.2
Real Estate and Rental and Leasing 4 7 11 −42.9 −63.6 123 116 6.0
Bankruptcies 1 6 6 −83.3 −83.3 95 76 25.0
Proposals 3 1 5 200.0 −40.0 28 40 −30.0
Professional, Scientific and Technical Services 27 19 20 42.1 35.0 298 292 2.1
Bankruptcies 20 10 16 100.0 25.0 217 209 3.8
Proposals 7 9 4 −22.2 75.0 81 83 −2.4
Management of Companies and Enterprises 7 10 7 −30.0 0.0 73 60 21.7
Bankruptcies 4 8 7 −50.0 −42.9 50 52 −3.8
Proposals 3 2 0 50.0 -- 23 8 187.5
Administrative and Support, Waste Management and Remediation Services 13 18 19 −27.8 −31.6 200 223 −10.3
Bankruptcies 9 13 15 −30.8 −40.0 150 161 −6.8
Proposals 4 5 4 −20.0 0.0 50 62 −19.4
Educational Services 2 3 2 −33.3 0.0 35 32 9.4
Bankruptcies 2 3 2 −33.3 0.0 26 28 −7.1
Proposals 0 0 0 -- -- 9 4 125.0
Health Care and Social Assistance 8 2 6 300.0 33.3 52 60 −13.3
Bankruptcies 6 2 5 200.0 20.0 42 44 −4.5
Proposals 2 0 1 -- 100.0 10 16 −37.5
Arts, Entertainment and Recreation 8 6 6 33.3 33.3 91 72 26.4
Bankruptcies 6 6 4 0.0 50.0 75 61 23.0
Proposals 2 0 2 -- 0.0 16 11 45.5
Accommodation and Food Services 40 44 64 −9.1 −37.5 618 678 −8.8
Bankruptcies 37 32 39 15.6 −5.1 445 485 −8.2
Proposals 3 12 25 −75.0 −88.0 173 193 −10.4
Other Services (except Public Administration) 14 23 18 −39.1 −22.2 251 267 −6.0
Bankruptcies 13 20 14 −35.0 −7.1 187 227 −17.6
Proposals 1 3 4 −66.7 −75.0 64 40 60.0
Public Administration 0 0 0 -- -- 0 4 −100.0
Bankruptcies 0 0 0 -- -- 0 3 −100.0
Proposals 0 0 0 -- -- 0 1 −100.0
Total 333 334 361 −0.3 −7.8 4,238 4,497 −5.8
Bankruptcies 254 256 263 −0.8 −3.4 3,156 3,360 −6.1
Proposals 79 78 98 1.3 −19.4 1,082 1,137 −4.8
Date modified: