Detailed report
PDF Version
Insolvency Statistics in Canada
January 2015
302 KB, 7 pages
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.
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Jan. 2015 | Dec. 2014 | Jan. 2014 | Dec. 2014 to Jan. 2015 | Jan. 2014 to Jan. 2015 | 01-31-2015 | 01-31-2014 | % change | |
| Newfoundland and Labrador | 108 | 92 | 110 | 17.4 | -1.8 | 1,573 | 1,677 | -6.2 |
| Bankruptcies | 92 | 74 | 101 | 24.3 | -8.9 | 1,366 | 1,512 | -9.7 |
| Proposals | 16 | 18 | 9 | -11.1 | 77.8 | 207 | 165 | 25.5 |
| Prince Edward Island | 43 | 55 | 64 | -21.8 | -32.8 | 718 | 654 | 9.8 |
| Bankruptcies | 33 | 27 | 48 | 22.2 | -31.3 | 500 | 464 | 7.8 |
| Proposals | 10 | 28 | 16 | -64.3 | -37.5 | 218 | 190 | 14.7 |
| Nova Scotia | 368 | 416 | 302 | -11.5 | 21.9 | 5,370 | 4,753 | 13.0 |
| Bankruptcies | 251 | 299 | 198 | -16.1 | 26.8 | 3,831 | 3,352 | 14.3 |
| Proposals | 117 | 117 | 104 | 0.0 | 12.5 | 1,539 | 1,401 | 9.9 |
| New Brunswick | 261 | 357 | 310 | -26.9 | -15.8 | 4,346 | 4,054 | 7.2 |
| Bankruptcies | 167 | 254 | 215 | -34.3 | -22.3 | 3,041 | 2,899 | 4.9 |
| Proposals | 94 | 103 | 95 | -8.7 | -1.1 | 1,305 | 1,155 | 13.0 |
| Quebec | 3,558 | 3,276 | 3,451 | 8.6 | 3.1 | 43,998 | 42,258 | 4.1 |
| Bankruptcies | 1,921 | 1,871 | 2,097 | 2.7 | -8.4 | 25,961 | 26,754 | -3.0 |
| Proposals | 1,637 | 1,405 | 1,354 | 16.5 | 20.9 | 18,037 | 15,504 | 16.3 |
| Ontario | 2,888 | 3,250 | 3,113 | -11.1 | -7.2 | 41,973 | 44,863 | -6.4 |
| Bankruptcies | 1,273 | 1,703 | 1,415 | -25.2 | -10.0 | 19,927 | 22,455 | -11.3 |
| Proposals | 1,615 | 1,547 | 1,698 | 4.4 | -4.9 | 22,046 | 22,408 | -1.6 |
| Manitoba | 147 | 179 | 122 | -17.9 | 20.5 | 1,973 | 1,917 | 2.9 |
| Bankruptcies | 90 | 128 | 76 | -29.7 | 18.4 | 1,262 | 1,258 | 0.3 |
| Proposals | 57 | 51 | 46 | 11.8 | 23.9 | 711 | 659 | 7.9 |
| Saskatchewan | 143 | 169 | 166 | -15.4 | -13.9 | 2,039 | 1,839 | 10.9 |
| Bankruptcies | 71 | 99 | 99 | -28.3 | -28.3 | 1,154 | 1,122 | 2.9 |
| Proposals | 72 | 70 | 67 | 2.9 | 7.5 | 885 | 717 | 23.4 |
| Alberta | 652 | 666 | 644 | -2.1 | 1.2 | 8,430 | 8,345 | 1.0 |
| Bankruptcies | 287 | 271 | 343 | 5.9 | -16.3 | 3,908 | 4,713 | -17.1 |
| Proposals | 365 | 395 | 301 | -7.6 | 21.3 | 4,522 | 3,632 | 24.5 |
| British Columbia | 910 | 891 | 859 | 2.1 | 5.9 | 11,690 | 11,989 | -2.5 |
| Bankruptcies | 521 | 488 | 499 | 6.8 | 4.4 | 6,567 | 7,213 | -9.0 |
| Proposals | 389 | 403 | 360 | -3.5 | 8.1 | 5,123 | 4,776 | 7.3 |
| Northwest Territories | 1 | 7 | 0 | -85.7 | -- | 50 | 49 | 2.0 |
| Bankruptcies | 0 | 5 | 0 | -100.0 | -- | 26 | 30 | -13.3 |
| Proposals | 1 | 2 | 0 | -50.0 | -- | 24 | 19 | 26.3 |
| Yukon | 3 | 4 | 5 | -25.0 | -40.0 | 38 | 36 | 5.6 |
| Bankruptcies | 1 | 1 | 5 | 0.0 | -80.0 | 18 | 27 | -33.3 |
| Proposals | 2 | 3 | 0 | -33.3 | -- | 20 | 9 | 122.2 |
| Nunavut | 1 | 1 | 2 | 0.0 | -50.0 | 6 | 7 | -14.3 |
| Bankruptcies | 0 | 1 | 2 | -100.0 | -100.0 | 3 | 5 | -40.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Canada | 9,083 | 9,363 | 9,148 | -3.0 | -0.7 | 122,204 | 122,441 | -0.2 |
| Bankruptcies | 4,707 | 5,221 | 5,098 | -9.8 | -7.7 | 67,564 | 71,804 | -5.9 |
| Proposals | 4,376 | 4,142 | 4,050 | 5.6 | 8.0 | 54,640 | 50,637 | 7.9 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Jan. 2015 | Dec. 2014 | Jan. 2014 | Dec. 2014 to Jan. 2015 | Jan. 2014 to Jan. 2015 | 01-31-2015 | 01-31-2014 | % change | |
| Newfoundland and Labrador | 107 | 90 | 106 | 18.9 | 0.9 | 1,546 | 1,646 | -6.1 |
| Bankruptcies | 91 | 72 | 98 | 26.4 | -7.1 | 1,341 | 1,491 | -10.1 |
| Proposals | 16 | 18 | 8 | -11.1 | 100.0 | 205 | 155 | 32.3 |
| Prince Edward Island | 42 | 53 | 64 | -20.8 | -34.4 | 699 | 634 | 10.3 |
| Bankruptcies | 33 | 25 | 48 | 32.0 | -31.3 | 487 | 449 | 8.5 |
| Proposals | 9 | 28 | 16 | -67.9 | -43.8 | 212 | 185 | 14.6 |
| Nova Scotia | 360 | 409 | 298 | -12.0 | 20.8 | 5,289 | 4,649 | 13.8 |
| Bankruptcies | 246 | 294 | 195 | -16.3 | 26.2 | 3,777 | 3,274 | 15.4 |
| Proposals | 114 | 115 | 103 | -0.9 | 10.7 | 1,512 | 1,375 | 10.0 |
| New Brunswick | 254 | 349 | 305 | -27.2 | -16.7 | 4,257 | 3,973 | 7.1 |
| Bankruptcies | 164 | 247 | 210 | -33.6 | -21.9 | 2,975 | 2,834 | 5.0 |
| Proposals | 90 | 102 | 95 | -11.8 | -5.3 | 1,282 | 1,139 | 12.6 |
| Quebec | 3,373 | 3,055 | 3,286 | 10.4 | 2.6 | 41,641 | 40,063 | 3.9 |
| Bankruptcies | 1,791 | 1,742 | 1,970 | 2.8 | -9.1 | 24,268 | 25,145 | -3.5 |
| Proposals | 1,582 | 1,313 | 1,316 | 20.5 | 20.2 | 17,373 | 14,918 | 16.5 |
| Ontario | 2,807 | 3,169 | 3,013 | -11.4 | -6.8 | 40,902 | 43,638 | -6.3 |
| Bankruptcies | 1,209 | 1,645 | 1,342 | -26.5 | -9.9 | 19,101 | 21,502 | -11.2 |
| Proposals | 1,598 | 1,524 | 1,671 | 4.9 | -4.4 | 21,801 | 22,136 | -1.5 |
| Manitoba | 146 | 175 | 118 | -16.6 | 23.7 | 1,919 | 1,852 | 3.6 |
| Bankruptcies | 90 | 125 | 72 | -28.0 | 25.0 | 1,218 | 1,204 | 1.2 |
| Proposals | 56 | 50 | 46 | 12.0 | 21.7 | 701 | 648 | 8.2 |
| Saskatchewan | 135 | 159 | 148 | -15.1 | -8.8 | 1,925 | 1,712 | 12.4 |
| Bankruptcies | 65 | 91 | 87 | -28.6 | -25.3 | 1,083 | 1,045 | 3.6 |
| Proposals | 70 | 68 | 61 | 2.9 | 14.8 | 842 | 667 | 26.2 |
| Alberta | 640 | 654 | 636 | -2.1 | 0.6 | 8,285 | 8,159 | 1.5 |
| Bankruptcies | 278 | 262 | 336 | 6.1 | -17.3 | 3,801 | 4,579 | -17.0 |
| Proposals | 362 | 392 | 300 | -7.7 | 20.7 | 4,484 | 3,580 | 25.3 |
| British Columbia | 894 | 866 | 844 | 3.2 | 5.9 | 11,433 | 11,740 | -2.6 |
| Bankruptcies | 510 | 470 | 486 | 8.5 | 4.9 | 6,369 | 7,027 | -9.4 |
| Proposals | 384 | 396 | 358 | -3.0 | 7.3 | 5,064 | 4,713 | 7.4 |
| Northwest Territories | 1 | 7 | 0 | -85.7 | -- | 50 | 49 | 2.0 |
| Bankruptcies | 0 | 5 | 0 | -100.0 | -- | 26 | 30 | -13.3 |
| Proposals | 1 | 2 | 0 | -50.0 | -- | 24 | 19 | 26.3 |
| Yukon | 3 | 3 | 5 | 0.0 | -40.0 | 37 | 34 | 8.8 |
| Bankruptcies | 1 | 1 | 5 | 0.0 | -80.0 | 18 | 25 | -28.0 |
| Proposals | 2 | 2 | 0 | 0.0 | -- | 19 | 9 | 111.1 |
| Nunavut | 1 | 1 | 2 | 0.0 | -50.0 | 5 | 7 | -28.6 |
| Bankruptcies | 0 | 1 | 2 | -100.0 | -100.0 | 2 | 5 | -60.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Canada | 8,763 | 8,990 | 8,825 | -2.5 | -0.7 | 117,988 | 118,156 | -0.1 |
| Bankruptcies | 4,478 | 4,980 | 4,851 | -10.1 | -7.7 | 64,466 | 68,610 | -6.0 |
| Proposals | 4,285 | 4,010 | 3,974 | 6.9 | 7.8 | 53,522 | 49,546 | 8.0 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Jan. 2015 | Dec. 2014 | Jan. 2014 | Dec. 2014 to Jan. 2015 | Jan. 2014 to Jan. 2015 | 01-31-2015 | 01-31-2014 | % change | |
| Newfoundland and Labrador | 1 | 2 | 4 | -50.0 | -75.0 | 27 | 31 | -12.9 |
| Bankruptcies | 1 | 2 | 3 | -50.0 | -66.7 | 25 | 21 | 19.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 2 | 10 | -80.0 |
| Prince Edward Island | 1 | 2 | 0 | -50.0 | -- | 19 | 20 | -5.0 |
| Bankruptcies | 0 | 2 | 0 | -100.0 | -- | 13 | 15 | -13.3 |
| Proposals | 1 | 0 | 0 | -- | -- | 6 | 5 | 20.0 |
| Nova Scotia | 8 | 7 | 4 | 14.3 | 100.0 | 81 | 104 | -22.1 |
| Bankruptcies | 5 | 5 | 3 | 0.0 | 66.7 | 54 | 78 | -30.8 |
| Proposals | 3 | 2 | 1 | 50.0 | 200.0 | 27 | 26 | 3.8 |
| New Brunswick | 7 | 8 | 5 | -12.5 | 40.0 | 89 | 81 | 9.9 |
| Bankruptcies | 3 | 7 | 5 | -57.1 | -40.0 | 66 | 65 | 1.5 |
| Proposals | 4 | 1 | 0 | 300.0 | -- | 23 | 16 | 43.8 |
| Quebec | 185 | 221 | 165 | -16.3 | 12.1 | 2,357 | 2,195 | 7.4 |
| Bankruptcies | 130 | 129 | 127 | 0.8 | 2.4 | 1,693 | 1,609 | 5.2 |
| Proposals | 55 | 92 | 38 | -40.2 | 44.7 | 664 | 586 | 13.3 |
| Ontario | 81 | 81 | 100 | 0.0 | -19.0 | 1,071 | 1,225 | -12.6 |
| Bankruptcies | 64 | 58 | 73 | 10.3 | -12.3 | 826 | 953 | -13.3 |
| Proposals | 17 | 23 | 27 | -26.1 | -37.0 | 245 | 272 | -9.9 |
| Manitoba | 1 | 4 | 4 | -75.0 | -75.0 | 54 | 65 | -16.9 |
| Bankruptcies | 0 | 3 | 4 | -100.0 | -100.0 | 44 | 54 | -18.5 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 10 | 11 | -9.1 |
| Saskatchewan | 8 | 10 | 18 | -20.0 | -55.6 | 114 | 127 | -10.2 |
| Bankruptcies | 6 | 8 | 12 | -25.0 | -50.0 | 71 | 77 | -7.8 |
| Proposals | 2 | 2 | 6 | 0.0 | -66.7 | 43 | 50 | -14.0 |
| Alberta | 12 | 12 | 8 | 0.0 | 50.0 | 145 | 186 | -22.0 |
| Bankruptcies | 9 | 9 | 7 | 0.0 | 28.6 | 107 | 134 | -20.1 |
| Proposals | 3 | 3 | 1 | 0.0 | 200.0 | 38 | 52 | -26.9 |
| British Columbia | 16 | 25 | 15 | -36.0 | 6.7 | 257 | 249 | 3.2 |
| Bankruptcies | 11 | 18 | 13 | -38.9 | -15.4 | 198 | 186 | 6.5 |
| Proposals | 5 | 7 | 2 | -28.6 | 150.0 | 59 | 63 | -6.3 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 1 | 0 | -100.0 | -- | 1 | 2 | -50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 320 | 373 | 323 | -14.2 | -0.9 | 4,216 | 4,285 | -1.6 |
| Bankruptcies | 229 | 241 | 247 | -5.0 | -7.3 | 3,098 | 3,194 | -3.0 |
| Proposals | 91 | 132 | 76 | -31.1 | 19.7 | 1,118 | 1,091 | 2.5 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Jan. 2015 | Dec. 2014 | Jan. 2014 | Dec. 2014 to Jan. 2015 | Jan. 2014 to Jan. 2015 | 01-31-2015 | 01-31-2014 | % change | |
| Agriculture, Forestry, Fishing and Hunting | 7 | 6 | 9 | 16.7 | -22.2 | 86 | 132 | -34.8 |
| Bankruptcies | 7 | 2 | 8 | 250.0 | -12.5 | 59 | 95 | -37.9 |
| Proposals | 0 | 4 | 1 | -100.0 | -100.0 | 27 | 37 | -27.0 |
| Mining and Oil and Gas Extraction | 3 | 3 | 3 | 0.0 | 0.0 | 40 | 36 | 11.1 |
| Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 19 | 17 | 11.8 |
| Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 21 | 19 | 10.5 |
| Utilities | 0 | 2 | 1 | -100.0 | -100.0 | 12 | 10 | 20.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 8 | 6 | 33.3 |
| Proposals | 0 | 2 | 0 | -100.0 | -- | 4 | 4 | 0.0 |
| Construction | 52 | 55 | 65 | -5.5 | -20.0 | 706 | 762 | -7.3 |
| Bankruptcies | 38 | 42 | 50 | -9.5 | -24.0 | 518 | 576 | -10.1 |
| Proposals | 14 | 13 | 15 | 7.7 | -6.7 | 188 | 186 | 1.1 |
| Manufacturing | 16 | 34 | 32 | -52.9 | -50.0 | 370 | 420 | -11.9 |
| Bankruptcies | 9 | 28 | 24 | -67.9 | -62.5 | 261 | 297 | -12.1 |
| Proposals | 7 | 6 | 8 | 16.7 | -12.5 | 109 | 123 | -11.4 |
| Wholesale Trade | 24 | 27 | 21 | -11.1 | 14.3 | 229 | 237 | -3.4 |
| Bankruptcies | 13 | 20 | 16 | -35.0 | -18.8 | 152 | 164 | -7.3 |
| Proposals | 11 | 7 | 5 | 57.1 | 120.0 | 77 | 73 | 5.5 |
| Retail Trade | 45 | 33 | 45 | 36.4 | 0.0 | 498 | 530 | -6.0 |
| Bankruptcies | 29 | 24 | 39 | 20.8 | -25.6 | 366 | 424 | -13.7 |
| Proposals | 16 | 9 | 6 | 77.8 | 166.7 | 132 | 106 | 24.5 |
| Transportation and Warehousing | 21 | 46 | 15 | -54.3 | 40.0 | 279 | 228 | 22.4 |
| Bankruptcies | 15 | 9 | 11 | 66.7 | 36.4 | 189 | 179 | 5.6 |
| Proposals | 6 | 37 | 4 | -83.8 | 50.0 | 90 | 49 | 83.7 |
| Information and Cultural Industries | 2 | 5 | 5 | -60.0 | -60.0 | 68 | 55 | 23.6 |
| Bankruptcies | 0 | 4 | 3 | -100.0 | -100.0 | 47 | 44 | 6.8 |
| Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 21 | 11 | 90.9 |
| Finance and Insurance | 12 | 8 | 3 | 50.0 | 300.0 | 89 | 74 | 20.3 |
| Bankruptcies | 7 | 8 | 3 | -12.5 | 133.3 | 68 | 61 | 11.5 |
| Proposals | 5 | 0 | 0 | -- | -- | 21 | 13 | 61.5 |
| Real Estate and Rental and Leasing | 7 | 7 | 9 | 0.0 | -22.2 | 132 | 149 | -11.4 |
| Bankruptcies | 6 | 6 | 6 | 0.0 | 0.0 | 101 | 113 | -10.6 |
| Proposals | 1 | 1 | 3 | 0.0 | -66.7 | 31 | 36 | -13.9 |
| Professional, Scientific and Technical Services | 26 | 31 | 15 | -16.1 | 73.3 | 319 | 302 | 5.6 |
| Bankruptcies | 20 | 25 | 9 | -20.0 | 122.2 | 253 | 215 | 17.7 |
| Proposals | 6 | 6 | 6 | 0.0 | 0.0 | 66 | 87 | -24.1 |
| Management of Companies and Enterprises | 4 | 7 | 5 | -42.9 | -20.0 | 58 | 73 | -20.5 |
| Bankruptcies | 3 | 5 | 5 | -40.0 | -40.0 | 45 | 50 | -10.0 |
| Proposals | 1 | 2 | 0 | -50.0 | -- | 13 | 23 | -43.5 |
| Administrative and Support, Waste Management and Remediation Services | 17 | 26 | 8 | -34.6 | 112.5 | 232 | 186 | 24.7 |
| Bankruptcies | 10 | 12 | 5 | -16.7 | 100.0 | 162 | 136 | 19.1 |
| Proposals | 7 | 14 | 3 | -50.0 | 133.3 | 70 | 50 | 40.0 |
| Educational Services | 3 | 3 | 2 | 0.0 | 50.0 | 53 | 34 | 55.9 |
| Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 45 | 25 | 80.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 8 | 9 | -11.1 |
| Health Care and Social Assistance | 4 | 10 | 1 | -60.0 | 300.0 | 102 | 65 | 56.9 |
| Bankruptcies | 4 | 5 | 1 | -20.0 | 300.0 | 76 | 50 | 52.0 |
| Proposals | 0 | 5 | 0 | -100.0 | -- | 26 | 15 | 73.3 |
| Arts, Entertainment and Recreation | 3 | 5 | 1 | -40.0 | 200.0 | 86 | 76 | 13.2 |
| Bankruptcies | 3 | 4 | 1 | -25.0 | 200.0 | 70 | 65 | 7.7 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 16 | 11 | 45.5 |
| Accommodation and Food Services | 51 | 49 | 64 | 4.1 | -20.3 | 647 | 671 | -3.6 |
| Bankruptcies | 43 | 34 | 47 | 26.5 | -8.5 | 489 | 490 | -0.2 |
| Proposals | 8 | 15 | 17 | -46.7 | -52.9 | 158 | 181 | -12.7 |
| Other Services (except Public Administration) | 23 | 16 | 19 | 43.8 | 21.1 | 209 | 245 | -14.7 |
| Bankruptcies | 18 | 10 | 14 | 80.0 | 28.6 | 169 | 187 | -9.6 |
| Proposals | 5 | 6 | 5 | -16.7 | 0.0 | 40 | 58 | -31.0 |
| Public Administration | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 320 | 373 | 323 | -14.2 | -0.9 | 4,216 | 4,285 | -1.6 |
| Bankruptcies | 229 | 241 | 247 | -5.0 | -7.3 | 3,098 | 3,194 | -3.0 |
| Proposals | 91 | 132 | 76 | -31.1 | 19.7 | 1,118 | 1,091 | 2.5 |