Insolvency Statistics in Canada—November 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
Nov. 2013 Oct. 2013 Nov. 2012 Oct. 2013
to
Nov. 2013
Nov. 2012
to
Nov. 2013
11-30-2013 11-30-2012 % Change
Newfoundland and Labrador 147 143 124 2.8 18.5 1,719 1,783 -3.6
Bankruptcies 128 126 112 1.6 14.3 1,559 1,636 -4.7
Proposals 19 17 12 11.8 58.3 160 147 8.8
Prince Edward Island 63 51 54 23.5 16.7 628 633 -0.8
Bankruptcies 45 35 41 28.6 9.8 462 474 -2.5
Proposals 18 16 13 12.5 38.5 166 159 4.4
Nova Scotia 362 463 397 -21.8 -8.8 4,704 4,484 4.9
Bankruptcies 265 333 277 -20.4 -4.3 3,322 3,405 -2.4
Proposals 97 130 120 -25.4 -19.2 1,382 1,079 28.1
New Brunswick 363 387 315 -6.2 15.2 4,014 3,943 1.8
Bankruptcies 254 269 248 -5.6 2.4 2,909 2,987 -2.6
Proposals 109 118 67 -7.6 62.7 1,105 956 15.6
Quebec 3,532 4,010 3,505 -11.9 0.8 41,603 38,306 8.6
Bankruptcies 2,154 2,514 2,334 -14.3 -7.7 26,635 26,228 1.6
Proposals 1,378 1,496 1,171 -7.9 17.7 14,968 12,078 23.9
Ontario 3,725 4,075 4,183 -8.6 -10.9 45,509 49,526 -8.1
Bankruptcies 1,887 2,071 2,078 -8.9 -9.2 22,793 24,768 -8.0
Proposals 1,838 2,004 2,105 -8.3 -12.7 22,716 24,758 -8.2
Manitoba 170 153 184 11.1 -7.6 1,870 1,959 -4.5
Bankruptcies 113 103 130 9.7 -13.1 1,236 1,340 -7.8
Proposals 57 50 54 14.0 5.6 634 619 2.4
Saskatchewan 158 155 128 1.9 23.4 1,799 1,869 -3.7
Bankruptcies 90 95 75 -5.3 20.0 1,098 1,103 -0.5
Proposals 68 60 53 13.3 28.3 701 766 -8.5
Alberta 629 731 765 -14.0 -17.8 8,511 9,638 -11.7
Bankruptcies 331 398 435 -16.8 -23.9 4,890 6,128 -20.2
Proposals 298 333 330 -10.5 -9.7 3,621 3,510 3.2
British Columbia 1,010 1,109 949 -8.9 6.4 12,054 12,061 -0.1
Bankruptcies 587 683 606 -14.1 -3.1 7,325 7,812 -6.2
Proposals 423 426 343 -0.7 23.3 4,729 4,249 11.3
Northwest Territories 5 8 2 -37.5 150.0 51 55 -7.3
Bankruptcies 3 4 2 -25.0 50.0 30 32 -6.3
Proposals 2 4 0 -50.0 -- 21 23 -8.7
Yukon 6 2 6 200.0 0.0 29 41 -29.3
Bankruptcies 5 1 5 400.0 0.0 21 26 -19.2
Proposals 1 1 1 0.0 0.0 8 15 -46.7
Nunavut 1 1 0 0.0 -- 5 4 25.0
Bankruptcies 1 0 0 -- -- 3 1 200.0
Proposals 0 1 0 -100.0 -- 2 3 -33.3
Canada 10,171 11,288 10,612 -9.9 -4.2 122,496 124,302 -1.5
Bankruptcies 5,863 6,632 6,343 -11.6 -7.6 72,283 75,940 -4.8
Proposals 4,308 4,656 4,269 -7.5 0.9 50,213 48,362 3.8
Table 2: Insolvencies Filed by Consumers
Volume % Change 12-Month Period Ending
Nov. 2013 Oct. 2013 Nov. 2012 Oct. 2013
to
Nov. 2013
Nov. 2012
to
Nov. 2013
11-30-2013 11-30-2012 % Change
Newfoundland and Labrador 146 141 123 3.5 18.7 1,690 1,764 -4.2
Bankruptcies 127 124 111 2.4 14.4 1,541 1,621 -4.9
Proposals 19 17 12 11.8 58.3 149 143 4.2
Prince Edward Island 62 49 54 26.5 14.8 607 617 -1.6
Bankruptcies 44 33 41 33.3 7.3 445 462 -3.7
Proposals 18 16 13 12.5 38.5 162 155 4.5
Nova Scotia 351 452 382 -22.3 -8.1 4,593 4,375 5.0
Bankruptcies 259 326 267 -20.6 -3.0 3,238 3,316 -2.4
Proposals 92 126 115 -27.0 -20.0 1,355 1,059 28.0
New Brunswick 348 383 312 -9.1 11.5 3,936 3,876 1.5
Bankruptcies 242 266 245 -9.0 -1.2 2,849 2,938 -3.0
Proposals 106 117 67 -9.4 58.2 1,087 938 15.9
Quebec 3,360 3,811 3,330 -11.8 0.9 39,450 36,303 8.7
Bankruptcies 2,034 2,363 2,204 -13.9 -7.7 25,055 24,757 1.2
Proposals 1,326 1,448 1,126 -8.4 17.8 14,395 11,546 24.7
Ontario 3,640 3,968 4,061 -8.3 -10.4 44,307 48,106 -7.9
Bankruptcies 1,818 1,989 1,983 -8.6 -8.3 21,846 23,681 -7.7
Proposals 1,822 1,979 2,078 -7.9 -12.3 22,461 24,425 -8.0
Manitoba 165 146 179 13.0 -7.8 1,805 1,906 -5.3
Bankruptcies 111 98 126 13.3 -11.9 1,183 1,301 -9.1
Proposals 54 48 53 12.5 1.9 622 605 2.8
Saskatchewan 140 150 121 -6.7 15.7 1,680 1,738 -3.3
Bankruptcies 83 91 69 -8.8 20.3 1,030 1,021 0.9
Proposals 57 59 52 -3.4 9.6 650 717 -9.3
Alberta 619 711 738 -12.9 -16.1 8,318 9,325 -10.8
Bankruptcies 323 383 420 -15.7 -23.1 4,751 5,896 -19.4
Proposals 296 328 318 -9.8 -6.9 3,567 3,429 4.0
British Columbia 986 1,089 924 -9.5 6.7 11,793 11,788 0.0
Bankruptcies 568 672 590 -15.5 -3.7 7,131 7,618 -6.4
Proposals 418 417 334 0.2 25.1 4,662 4,170 11.8
Northwest Territories 5 8 2 -37.5 150.0 51 54 -5.6
Bankruptcies 3 4 2 -25.0 50.0 30 32 -6.3
Proposals 2 4 0 -50.0 -- 21 22 -4.5
Yukon 6 2 6 200.0 0.0 27 40 -32.5
Bankruptcies 5 1 5 400.0 0.0 19 25 -24.0
Proposals 1 1 1 0.0 0.0 8 15 -46.7
Nunavut 1 1 0 0.0 -- 5 3 66.7
Bankruptcies 1 0 0 -- -- 3 0 --
Proposals 0 1 0 -100.0 -- 2 3 -33.3
Canada 9,829 10,911 10,232 -9.9 -3.9 118,262 119,895 -1.4
Bankruptcies 5,618 6,350 6,063 -11.5 -7.3 69,121 72,668 -4.9
Proposals 4,211 4,561 4,169 -7.7 1.0 49,141 47,227 4.1
Table 3: Insolvencies Filed by Businesses
Volume % Change 12-Month Period Ending
Nov. 2013 Oct. 2013 Nov. 2012 Oct. 2013
to
Nov. 2013
Nov. 2012
to
Nov. 2013
11-30-2013 11-30-2012 % Change
Newfoundland and Labrador 1 2 1 -50.0 0.0 29 19 52.6
Bankruptcies 1 2 1 -50.0 0.0 18 15 20.0
Proposals 0 0 0 -- -- 11 4 175.0
Prince Edward Island 1 2 0 -50.0 -- 21 16 31.3
Bankruptcies 1 2 0 -50.0 -- 17 12 41.7
Proposals 0 0 0 -- -- 4 4 0.0
Nova Scotia 11 11 15 0.0 -26.7 111 109 1.8
Bankruptcies 6 7 10 -14.3 -40.0 84 89 -5.6
Proposals 5 4 5 25.0 0.0 27 20 35.0
New Brunswick 15 4 3 275.0 400.0 78 67 16.4
Bankruptcies 12 3 3 300.0 300.0 60 49 22.4
Proposals 3 1 0 200.0 -- 18 18 0.0
Quebec 172 199 175 -13.6 -1.7 2,153 2,003 7.5
Bankruptcies 120 151 130 -20.5 -7.7 1,580 1,471 7.4
Proposals 52 48 45 8.3 15.6 573 532 7.7
Ontario 85 107 122 -20.6 -30.3 1,202 1,420 -15.4
Bankruptcies 69 82 95 -15.9 -27.4 947 1,087 -12.9
Proposals 16 25 27 -36.0 -40.7 255 333 -23.4
Manitoba 5 7 5 -28.6 0.0 65 53 22.6
Bankruptcies 2 5 4 -60.0 -50.0 53 39 35.9
Proposals 3 2 1 50.0 200.0 12 14 -14.3
Saskatchewan 18 5 7 260.0 157.1 119 131 -9.2
Bankruptcies 7 4 6 75.0 16.7 68 82 -17.1
Proposals 11 1 1 1,000.0 1,000.0 51 49 4.1
Alberta 10 20 27 -50.0 -63.0 193 313 -38.3
Bankruptcies 8 15 15 -46.7 -46.7 139 232 -40.1
Proposals 2 5 12 -60.0 -83.3 54 81 -33.3
British Columbia 24 20 25 20.0 -4.0 261 273 -4.4
Bankruptcies 19 11 16 72.7 18.8 194 194 0.0
Proposals 5 9 9 -44.4 -44.4 67 79 -15.2
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 342 377 380 -9.3 -10.0 4,234 4,407 -3.9
Bankruptcies 245 282 280 -13.1 -12.5 3,162 3,272 -3.4
Proposals 97 95 100 2.1 -3.0 1,072 1,135 -5.6
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Volume % Change 12-Month Period Ending
Nov. 2013 Oct. 2013 Nov. 2012 Oct. 2013
to
Nov. 2013
Nov. 2012
to
Nov. 2013
11-30-2013 11-30-2012 % Change
Agriculture, Forestry, Fishing and Hunting 13 10 10 30.0 30.0 126 113 11.5
Bankruptcies 8 7 6 14.3 33.3 87 84 3.6
Proposals 5 3 4 66.7 25.0 39 29 34.5
Mining and Oil and Gas Extraction 6 3 4 100.0 50.0 38 30 26.7
Bankruptcies 0 2 2 -100.0 -100.0 18 23 -21.7
Proposals 6 1 2 500.0 200.0 20 7 185.7
Utilities 0 1 1 -100.0 -100.0 9 18 -50.0
Bankruptcies 0 0 0 -- -- 3 11 -72.7
Proposals 0 1 1 -100.0 -100.0 6 7 -14.3
Construction 57 57 75 0.0 -24.0 735 840 -12.5
Bankruptcies 41 43 52 -4.7 -21.2 551 615 -10.4
Proposals 16 14 23 14.3 -30.4 184 225 -18.2
Manufacturing 27 42 37 -35.7 -27.0 414 455 -9.0
Bankruptcies 22 32 30 -31.3 -26.7 293 325 -9.8
Proposals 5 10 7 -50.0 -28.6 121 130 -6.9
Wholesale Trade 20 26 22 -23.1 -9.1 230 237 -3.0
Bankruptcies 12 19 18 -36.8 -33.3 164 175 -6.3
Proposals 8 7 4 14.3 100.0 66 62 6.5
Retail Trade 48 45 43 6.7 11.6 521 585 -10.9
Bankruptcies 36 37 35 -2.7 2.9 412 439 -6.2
Proposals 12 8 8 50.0 50.0 109 146 -25.3
Transportation and Warehousing 21 14 26 50.0 -19.2 244 259 -5.8
Bankruptcies 17 12 24 41.7 -29.2 193 208 -7.2
Proposals 4 2 2 100.0 100.0 51 51 0.0
Information and Cultural Industries 3 1 5 200.0 -40.0 52 58 -10.3
Bankruptcies 1 1 5 0.0 -80.0 44 50 -12.0
Proposals 2 0 0 -- -- 8 8 0.0
Finance and Insurance 5 7 7 -28.6 -28.6 80 75 6.7
Bankruptcies 4 4 7 0.0 -42.9 66 64 3.1
Proposals 1 3 0 -66.7 -- 14 11 27.3
Real Estate and Rental and Leasing 16 22 8 -27.3 100.0 148 107 38.3
Bankruptcies 12 14 3 -14.3 300.0 114 69 65.2
Proposals 4 8 5 -50.0 -20.0 34 38 -10.5
Professional, Scientific and Technical Services 23 29 29 -20.7 -20.7 304 275 10.5
Bankruptcies 14 23 21 -39.1 -33.3 221 196 12.8
Proposals 9 6 8 50.0 12.5 83 79 5.1
Management of Companies and Enterprises 5 3 5 66.7 0.0 67 66 1.5
Bankruptcies 3 2 2 50.0 50.0 47 53 -11.3
Proposals 2 1 3 100.0 -33.3 20 13 53.8
Administrative and Support, Waste Management and Remediation Services 9 16 17 -43.8 -47.1 194 207 -6.3
Bankruptcies 7 10 11 -30.0 -36.4 145 147 -1.4
Proposals 2 6 6 -66.7 -66.7 49 60 -18.3
Educational Services 1 5 2 -80.0 -50.0 36 32 12.5
Bankruptcies 1 4 2 -75.0 -50.0 27 27 0.0
Proposals 0 1 0 -100.0 -- 9 5 80.0
Health Care and Social Assistance 10 6 2 66.7 400.0 64 54 18.5
Bankruptcies 9 3 2 200.0 350.0 50 43 16.3
Proposals 1 3 0 -66.7 -- 14 11 27.3
Arts, Entertainment and Recreation 4 4 11 0.0 -63.6 80 78 2.6
Bankruptcies 3 4 8 -25.0 -62.5 69 62 11.3
Proposals 1 0 3 -- -66.7 11 16 -31.3
Accommodation and Food Services 52 55 48 -5.5 8.3 640 645 -0.8
Bankruptcies 38 38 34 0.0 11.8 461 458 0.7
Proposals 14 17 14 -17.6 0.0 179 187 -4.3
Other Services (except Public Administration) 22 31 28 -29.0 -21.4 252 270 -6.7
Bankruptcies 17 27 18 -37.0 -5.6 197 221 -10.9
Proposals 5 4 10 25.0 -50.0 55 49 12.2
Public Administration 0 0 0 -- -- 0 3 -100.0
Bankruptcies 0 0 0 -- -- 0 2 -100.0
Proposals 0 0 0 -- -- 0 1 -100.0
Total 342 377 380 -9.3 -10.0 4,234 4,407 -3.9
Bankruptcies 245 282 280 -13.1 -12.5 3,162 3,272 -3.4
Proposals 97 95 100 2.1 -3.0 1,072 1,135 -5.6
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