Insolvency Statistics in Canada—October 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
Volume % Change 12-Month Period Ending
Oct. 2013 Sept. 2013 Oct. 2012 Sept. 2013
to
Oct. 2013
Oct. 2012
to
Oct. 2013
10-31-2013 10-31-2012 % Change
Newfoundland and Labrador 143 123 181 16.3 -21.0 1,696 1,829 -7.3
Bankruptcies 126 115 172 9.6 -26.7 1,543 1,680 -8.2
Proposals 17 8 9 112.5 88.9 153 149 2.7
Prince Edward Island 51 47 73 8.5 -30.1 619 621 -0.3
Bankruptcies 35 28 57 25.0 -38.6 458 470 -2.6
Proposals 16 19 16 -15.8 0.0 161 151 6.6
Nova Scotia 463 450 394 2.9 17.5 4,739 4,452 6.4
Bankruptcies 333 306 292 8.8 14.0 3,334 3,393 -1.7
Proposals 130 144 102 -9.7 27.5 1,405 1,059 32.7
New Brunswick 387 330 326 17.3 18.7 3,966 3,908 1.5
Bankruptcies 269 217 223 24.0 20.6 2,903 2,965 -2.1
Proposals 118 113 103 4.4 14.6 1,063 943 12.7
Quebec 4,010 3,499 3,700 14.6 8.4 41,576 38,275 8.6
Bankruptcies 2,514 2,253 2,446 11.6 2.8 26,815 26,308 1.9
Proposals 1,496 1,246 1,254 20.1 19.3 14,761 11,967 23.3
Ontario 4,075 3,722 4,257 9.5 -4.3 45,967 50,028 -8.1
Bankruptcies 2,071 1,801 2,160 15.0 -4.1 22,984 25,069 -8.3
Proposals 2,004 1,921 2,097 4.3 -4.4 22,983 24,959 -7.9
Manitoba 153 151 157 1.3 -2.5 1,884 1,949 -3.3
Bankruptcies 103 100 103 3.0 0.0 1,253 1,330 -5.8
Proposals 50 51 54 -2.0 -7.4 631 619 1.9
Saskatchewan 155 163 138 -4.9 12.3 1,769 1,913 -7.5
Bankruptcies 95 105 77 -9.5 23.4 1,083 1,120 -3.3
Proposals 60 58 61 3.4 -1.6 686 793 -13.5
Alberta 731 689 841 6.1 -13.1 8,647 9,746 -11.3
Bankruptcies 398 388 507 2.6 -21.5 4,994 6,289 -20.6
Proposals 333 301 334 10.6 -0.3 3,653 3,457 5.7
British Columbia 1,109 952 1,010 16.5 9.8 11,993 12,149 -1.3
Bankruptcies 683 591 649 15.6 5.2 7,344 7,855 -6.5
Proposals 426 361 361 18.0 18.0 4,649 4,294 8.3
Northwest Territories 8 3 11 166.7 -27.3 48 54 -11.1
Bankruptcies 4 1 6 300.0 -33.3 29 31 -6.5
Proposals 4 2 5 100.0 -20.0 19 23 -17.4
Yukon 2 0 8 -- -75.0 29 37 -21.6
Bankruptcies 1 0 4 -- -75.0 21 23 -8.7
Proposals 1 0 4 -- -75.0 8 14 -42.9
Nunavut 1 0 1 -- 0.0 4 4 0.0
Bankruptcies 0 0 0 -- -- 2 1 100.0
Proposals 1 0 1 -- 0.0 2 3 -33.3
Canada 11,288 10,129 11,097 11.4 1.7 122,937 124,965 -1.6
Bankruptcies 6,632 5,905 6,696 12.3 -1.0 72,763 76,534 -4.9
Proposals 4,656 4,224 4,401 10.2 5.8 50,174 48,431 3.6
Table 2: Insolvencies Filed by Consumers
Volume % Change 12-Month Period Ending
Oct. 2013 Sept. 2013 Oct. 2012 Sept. 2013
to
Oct. 2013
Oct. 2012
to
Oct. 2013
10-31-2013 10-31-2012 % Change
Newfoundland and Labrador 141 123 179 14.6 -21.2 1,667 1,811 -8.0
Bankruptcies 124 115 170 7.8 -27.1 1,525 1,666 -8.5
Proposals 17 8 9 112.5 88.9 142 145 -2.1
Prince Edward Island 49 43 73 14.0 -32.9 599 603 -0.7
Bankruptcies 33 24 57 37.5 -42.1 442 456 -3.1
Proposals 16 19 16 -15.8 0.0 157 147 6.8
Nova Scotia 452 443 380 2.0 18.9 4,624 4,353 6.2
Bankruptcies 326 300 280 8.7 16.4 3,246 3,311 -2.0
Proposals 126 143 100 -11.9 26.0 1,378 1,042 32.2
New Brunswick 383 325 316 17.8 21.2 3,900 3,840 1.6
Bankruptcies 266 213 215 24.9 23.7 2,852 2,915 -2.2
Proposals 117 112 101 4.5 15.8 1,048 925 13.3
Quebec 3,811 3,322 3,553 14.7 7.3 39,420 36,235 8.8
Bankruptcies 2,363 2,127 2,347 11.1 0.7 25,225 24,814 1.7
Proposals 1,448 1,195 1,206 21.2 20.1 14,195 11,421 24.3
Ontario 3,968 3,630 4,148 9.3 -4.3 44,728 48,600 -8.0
Bankruptcies 1,989 1,727 2,075 15.2 -4.1 22,011 23,975 -8.2
Proposals 1,979 1,903 2,073 4.0 -4.5 22,717 24,625 -7.7
Manitoba 146 146 151 0.0 -3.3 1,819 1,891 -3.8
Bankruptcies 98 95 99 3.2 -1.0 1,198 1,287 -6.9
Proposals 48 51 52 -5.9 -7.7 621 604 2.8
Saskatchewan 150 156 128 -3.8 17.2 1,661 1,776 -6.5
Bankruptcies 91 101 72 -9.9 26.4 1,016 1,035 -1.8
Proposals 59 55 56 7.3 5.4 645 741 -13.0
Alberta 711 673 816 5.6 -12.9 8,437 9,434 -10.6
Bankruptcies 383 375 489 2.1 -21.7 4,848 6,053 -19.9
Proposals 328 298 327 10.1 0.3 3,589 3,381 6.2
British Columbia 1,089 932 990 16.8 10.0 11,731 11,891 -1.3
Bankruptcies 672 573 641 17.3 4.8 7,153 7,669 -6.7
Proposals 417 359 349 16.2 19.5 4,578 4,222 8.4
Northwest Territories 8 3 11 166.7 -27.3 48 53 -9.4
Bankruptcies 4 1 6 300.0 -33.3 29 31 -6.5
Proposals 4 2 5 100.0 -20.0 19 22 -13.6
Yukon 2 0 8 -- -75.0 27 36 -25.0
Bankruptcies 1 0 4 -- -75.0 19 22 -13.6
Proposals 1 0 4 -- -75.0 8 14 -42.9
Nunavut 1 0 1 -- 0.0 4 3 33.3
Bankruptcies 0 0 0 -- -- 2 0 --
Proposals 1 0 1 -- 0.0 2 3 -33.3
Canada 10,911 9,796 10,754 11.4 1.5 118,665 120,526 -1.5
Bankruptcies 6,350 5,651 6,455 12.4 -1.6 69,566 73,234 -5.0
Proposals 4,561 4,145 4,299 10.0 6.1 49,099 47,292 3.8
Table 3: Insolvencies Filed by Businesses
Volume % Change 12-Month Period Ending
Oct. 2013 Sept. 2013 Oct. 2012 Sept. 2013
to
Oct. 2013
Oct. 2012
to
Oct. 2013
10-31-2013 10-31-2012 % Change
Newfoundland and Labrador 2 0 2 -- 0.0 29 18 61.1
Bankruptcies 2 0 2 -- 0.0 18 14 28.6
Proposals 0 0 0 -- -- 11 4 175.0
Prince Edward Island 2 4 0 -50.0 -- 20 18 11.1
Bankruptcies 2 4 0 -50.0 -- 16 14 14.3
Proposals 0 0 0 -- -- 4 4 0.0
Nova Scotia 11 7 14 57.1 -21.4 115 99 16.2
Bankruptcies 7 6 12 16.7 -41.7 88 82 7.3
Proposals 4 1 2 300.0 100.0 27 17 58.8
New Brunswick 4 5 10 -20.0 -60.0 66 68 -2.9
Bankruptcies 3 4 8 -25.0 -62.5 51 50 2.0
Proposals 1 1 2 0.0 -50.0 15 18 -16.7
Quebec 199 177 147 12.4 35.4 2,156 2,040 5.7
Bankruptcies 151 126 99 19.8 52.5 1,590 1,494 6.4
Proposals 48 51 48 -5.9 0.0 566 546 3.7
Ontario 107 92 109 16.3 -1.8 1,239 1,428 -13.2
Bankruptcies 82 74 85 10.8 -3.5 973 1,094 -11.1
Proposals 25 18 24 38.9 4.2 266 334 -20.4
Manitoba 7 5 6 40.0 16.7 65 58 12.1
Bankruptcies 5 5 4 0.0 25.0 55 43 27.9
Proposals 2 0 2 -- 0.0 10 15 -33.3
Saskatchewan 5 7 10 -28.6 -50.0 108 137 -21.2
Bankruptcies 4 4 5 0.0 -20.0 67 85 -21.2
Proposals 1 3 5 -66.7 -80.0 41 52 -21.2
Alberta 20 16 25 25.0 -20.0 210 312 -32.7
Bankruptcies 15 13 18 15.4 -16.7 146 236 -38.1
Proposals 5 3 7 66.7 -28.6 64 76 -15.8
British Columbia 20 20 20 0.0 0.0 262 258 1.6
Bankruptcies 11 18 8 -38.9 37.5 191 186 2.7
Proposals 9 2 12 350.0 -25.0 71 72 -1.4
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 377 333 343 13.2 9.9 4,272 4,439 -3.8
Bankruptcies 282 254 241 11.0 17.0 3,197 3,300 -3.1
Proposals 95 79 102 20.3 -6.9 1,075 1,139 -5.6
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Volume % Change 12-Month Period Ending
Oct. 2013 Sept. 2013 Oct. 2012 Sept. 2013
to
Oct. 2013
Oct. 2012
to
Oct. 2013
10-31-2013 10-31-2012 % Change
Agriculture, Forestry, Fishing and Hunting 10 14 7 -28.6 42.9 123 118 4.2
Bankruptcies 7 10 6 -30.0 16.7 85 88 -3.4
Proposals 3 4 1 -25.0 200.0 38 30 26.7
Mining and Oil and Gas Extraction 3 1 1 200.0 200.0 36 27 33.3
Bankruptcies 2 1 0 100.0 -- 20 22 -9.1
Proposals 1 0 1 -- 0.0 16 5 220.0
Utilities 1 1 2 0.0 -50.0 10 19 -47.4
Bankruptcies 0 0 2 -- -100.0 3 13 -76.9
Proposals 1 1 0 0.0 -- 7 6 16.7
Construction 57 62 71 -8.1 -19.7 753 809 -6.9
Bankruptcies 43 44 49 -2.3 -12.2 562 599 -6.2
Proposals 14 18 22 -22.2 -36.4 191 210 -9.0
Manufacturing 42 37 43 13.5 -2.3 424 457 -7.2
Bankruptcies 32 27 29 18.5 10.3 301 322 -6.5
Proposals 10 10 14 0.0 -28.6 123 135 -8.9
Wholesale Trade 26 12 16 116.7 62.5 232 241 -3.7
Bankruptcies 19 7 8 171.4 137.5 170 175 -2.9
Proposals 7 5 8 40.0 -12.5 62 66 -6.1
Retail Trade 45 44 43 2.3 4.7 516 598 -13.7
Bankruptcies 37 35 30 5.7 23.3 411 441 -6.8
Proposals 8 9 13 -11.1 -38.5 105 157 -33.1
Transportation and Warehousing 14 29 33 -51.7 -57.6 249 260 -4.2
Bankruptcies 12 24 26 -50.0 -53.8 200 206 -2.9
Proposals 2 5 7 -60.0 -71.4 49 54 -9.3
Information and Cultural Industries 1 1 4 0.0 -75.0 54 60 -10.0
Bankruptcies 1 0 3 -- -66.7 48 51 -5.9
Proposals 0 1 1 -100.0 -100.0 6 9 -33.3
Finance and Insurance 7 9 4 -22.2 75.0 82 77 6.5
Bankruptcies 4 8 4 -50.0 0.0 69 63 9.5
Proposals 3 1 0 200.0 -- 13 14 -7.1
Real Estate and Rental and Leasing 22 4 5 450.0 340.0 140 110 27.3
Bankruptcies 14 1 4 1,300.0 250.0 105 72 45.8
Proposals 8 3 1 166.7 700.0 35 38 -7.9
Professional, Scientific and Technical Services 29 27 17 7.4 70.6 310 281 10.3
Bankruptcies 23 20 12 15.0 91.7 228 199 14.6
Proposals 6 7 5 -14.3 20.0 82 82 0.0
Management of Companies and Enterprises 3 7 9 -57.1 -66.7 67 65 3.1
Bankruptcies 2 4 6 -50.0 -66.7 46 54 -14.8
Proposals 1 3 3 -66.7 -66.7 21 11 90.9
Administrative and Support, Waste Management and Remediation Services 16 13 14 23.1 14.3 202 216 -6.5
Bankruptcies 10 9 11 11.1 -9.1 149 154 -3.2
Proposals 6 4 3 50.0 100.0 53 62 -14.5
Educational Services 5 2 3 150.0 66.7 37 32 15.6
Bankruptcies 4 2 2 100.0 100.0 28 27 3.7
Proposals 1 0 1 -- 0.0 9 5 80.0
Health Care and Social Assistance 6 8 2 -25.0 200.0 56 57 -1.8
Bankruptcies 3 6 2 -50.0 50.0 43 44 -2.3
Proposals 3 2 0 50.0 -- 13 13 0.0
Arts, Entertainment and Recreation 4 8 8 -50.0 -50.0 87 76 14.5
Bankruptcies 4 6 5 -33.3 -20.0 74 63 17.5
Proposals 0 2 3 -100.0 -100.0 13 13 0.0
Accommodation and Food Services 55 40 37 37.5 48.6 636 658 -3.3
Bankruptcies 38 37 26 2.7 46.2 457 474 -3.6
Proposals 17 3 11 466.7 54.5 179 184 -2.7
Other Services (except Public Administration) 31 14 24 121.4 29.2 258 274 -5.8
Bankruptcies 27 13 16 107.7 68.8 198 230 -13.9
Proposals 4 1 8 300.0 -50.0 60 44 36.4
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 377 333 343 13.2 9.9 4,272 4,439 -3.8
Bankruptcies 282 254 241 11.0 17.0 3,197 3,300 -3.1
Proposals 95 79 102 20.3 -6.9 1,075 1,139 -5.6
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