Detailed report
PDF Version
Insolvency Statistics in Canada
May 2015
251 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 | |||||
|---|---|---|---|---|---|---|---|---|
| May 2015 | April 2015 | May 2014 | April 2015 to May 2015 | May 2014 to May 2015 | 05-31-2015 | 05-31-2014 | % change | |
| Newfoundland and Labrador | 153 | 180 | 153 | -15.0 | 0.0 | 1,620 | 1,618 | 0.1 |
| Bankruptcies | 132 | 152 | 136 | -13.2 | -2.9 | 1,376 | 1,453 | -5.3 |
| Proposals | 21 | 28 | 17 | -25.0 | 23.5 | 244 | 165 | 47.9 |
| Prince Edward Island | 71 | 83 | 67 | -14.5 | 6.0 | 779 | 701 | 11.1 |
| Bankruptcies | 51 | 50 | 48 | 2.0 | 6.3 | 529 | 485 | 9.1 |
| Proposals | 20 | 33 | 19 | -39.4 | 5.3 | 250 | 216 | 15.7 |
| Nova Scotia | 424 | 495 | 524 | -14.3 | -19.1 | 5,288 | 5,003 | 5.7 |
| Bankruptcies | 306 | 383 | 394 | -20.1 | -22.3 | 3,759 | 3,494 | 7.6 |
| Proposals | 118 | 112 | 130 | 5.4 | -9.2 | 1,529 | 1,509 | 1.3 |
| New Brunswick | 435 | 394 | 416 | 10.4 | 4.6 | 4,374 | 4,245 | 3.0 |
| Bankruptcies | 270 | 250 | 298 | 8.0 | -9.4 | 2,973 | 2,974 | 0.0 |
| Proposals | 165 | 144 | 118 | 14.6 | 39.8 | 1,401 | 1,271 | 10.2 |
| Quebec | 3,849 | 4,275 | 3,921 | -10.0 | -1.8 | 45,056 | 42,673 | 5.6 |
| Bankruptcies | 2,281 | 2,475 | 2,393 | -7.8 | -4.7 | 26,027 | 26,463 | -1.6 |
| Proposals | 1,568 | 1,800 | 1,528 | -12.9 | 2.6 | 19,029 | 16,210 | 17.4 |
| Ontario | 3,468 | 3,841 | 3,806 | -9.7 | -8.9 | 41,513 | 43,821 | -5.3 |
| Bankruptcies | 1,648 | 1,812 | 1,883 | -9.1 | -12.5 | 19,511 | 21,602 | -9.7 |
| Proposals | 1,820 | 2,029 | 1,923 | -10.3 | -5.4 | 22,002 | 22,219 | -1.0 |
| Manitoba | 182 | 165 | 172 | 10.3 | 5.8 | 2,038 | 1,903 | 7.1 |
| Bankruptcies | 122 | 120 | 105 | 1.7 | 16.2 | 1,304 | 1,242 | 5.0 |
| Proposals | 60 | 45 | 67 | 33.3 | -10.4 | 734 | 661 | 11.0 |
| Saskatchewan | 189 | 199 | 179 | -5.0 | 5.6 | 2,080 | 1,936 | 7.4 |
| Bankruptcies | 102 | 118 | 112 | -13.6 | -8.9 | 1,129 | 1,172 | -3.7 |
| Proposals | 87 | 81 | 67 | 7.4 | 29.9 | 951 | 764 | 24.5 |
| Alberta | 852 | 781 | 785 | 9.1 | 8.5 | 8,652 | 8,271 | 4.6 |
| Bankruptcies | 348 | 376 | 382 | -7.4 | -8.9 | 3,920 | 4,364 | -10.2 |
| Proposals | 504 | 405 | 403 | 24.4 | 25.1 | 4,732 | 3,907 | 21.1 |
| British Columbia | 978 | 989 | 1,118 | -1.1 | -12.5 | 11,632 | 11,794 | -1.4 |
| Bankruptcies | 487 | 522 | 655 | -6.7 | -25.6 | 6,165 | 7,029 | -12.3 |
| Proposals | 491 | 467 | 463 | 5.1 | 6.0 | 5,467 | 4,765 | 14.7 |
| Northwest Territories | 2 | 2 | 4 | 0.0 | -50.0 | 41 | 56 | -26.8 |
| Bankruptcies | 1 | 1 | 3 | 0.0 | -66.7 | 22 | 34 | -35.3 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 19 | 22 | -13.6 |
| Yukon | 2 | 1 | 4 | 100.0 | -50.0 | 35 | 37 | -5.4 |
| Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 17 | 26 | -34.6 |
| Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 18 | 11 | 63.6 |
| Nunavut | 0 | 0 | 0 | -- | -- | 5 | 7 | -28.6 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 4 | -25.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Canada | 10,605 | 11,405 | 11,149 | -7.0 | -4.9 | 123,113 | 122,065 | 0.9 |
| Bankruptcies | 5,748 | 6,259 | 6,411 | -8.2 | -10.3 | 66,735 | 70,342 | -5.1 |
| Proposals | 4,857 | 5,146 | 4,738 | -5.6 | 2.5 | 56,378 | 51,723 | 9.0 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| May 2015 | April 2015 | May 2014 | April 2015 to May 2015 | May 2014 to May 2015 | 05-31-2015 | 05-31-2014 | % change | |
| Newfoundland and Labrador | 152 | 178 | 150 | -14.6 | 1.3 | 1,594 | 1,586 | 0.5 |
| Bankruptcies | 131 | 150 | 134 | -12.7 | -2.2 | 1,352 | 1,432 | -5.6 |
| Proposals | 21 | 28 | 16 | -25.0 | 31.3 | 242 | 154 | 57.1 |
| Prince Edward Island | 69 | 80 | 66 | -13.8 | 4.5 | 756 | 682 | 10.9 |
| Bankruptcies | 49 | 47 | 47 | 4.3 | 4.3 | 511 | 472 | 8.3 |
| Proposals | 20 | 33 | 19 | -39.4 | 5.3 | 245 | 210 | 16.7 |
| Nova Scotia | 414 | 486 | 512 | -14.8 | -19.1 | 5,209 | 4,902 | 6.3 |
| Bankruptcies | 297 | 376 | 384 | -21.0 | -22.7 | 3,705 | 3,423 | 8.2 |
| Proposals | 117 | 110 | 128 | 6.4 | -8.6 | 1,504 | 1,479 | 1.7 |
| New Brunswick | 427 | 390 | 410 | 9.5 | 4.1 | 4,291 | 4,151 | 3.4 |
| Bankruptcies | 263 | 248 | 293 | 6.0 | -10.2 | 2,913 | 2,902 | 0.4 |
| Proposals | 164 | 142 | 117 | 15.5 | 40.2 | 1,378 | 1,249 | 10.3 |
| Quebec | 3,685 | 4,066 | 3,723 | -9.4 | -1.0 | 42,724 | 40,437 | 5.7 |
| Bankruptcies | 2,158 | 2,324 | 2,256 | -7.1 | -4.3 | 24,343 | 24,809 | -1.9 |
| Proposals | 1,527 | 1,742 | 1,467 | -12.3 | 4.1 | 18,381 | 15,628 | 17.6 |
| Ontario | 3,374 | 3,724 | 3,713 | -9.4 | -9.1 | 40,364 | 42,683 | -5.4 |
| Bankruptcies | 1,575 | 1,724 | 1,808 | -8.6 | -12.9 | 18,613 | 20,733 | -10.2 |
| Proposals | 1,799 | 2,000 | 1,905 | -10.1 | -5.6 | 21,751 | 21,950 | -0.9 |
| Manitoba | 180 | 162 | 167 | 11.1 | 7.8 | 2,000 | 1,830 | 9.3 |
| Bankruptcies | 122 | 117 | 102 | 4.3 | 19.6 | 1,277 | 1,181 | 8.1 |
| Proposals | 58 | 45 | 65 | 28.9 | -10.8 | 723 | 649 | 11.4 |
| Saskatchewan | 184 | 190 | 169 | -3.2 | 8.9 | 1,987 | 1,809 | 9.8 |
| Bankruptcies | 99 | 111 | 105 | -10.8 | -5.7 | 1,072 | 1,094 | -2.0 |
| Proposals | 85 | 79 | 64 | 7.6 | 32.8 | 915 | 715 | 28.0 |
| Alberta | 840 | 767 | 768 | 9.5 | 9.4 | 8,516 | 8,105 | 5.1 |
| Bankruptcies | 338 | 368 | 369 | -8.2 | -8.4 | 3,823 | 4,243 | -9.9 |
| Proposals | 502 | 399 | 399 | 25.8 | 25.8 | 4,693 | 3,862 | 21.5 |
| British Columbia | 966 | 974 | 1,092 | -0.8 | -11.5 | 11,416 | 11,549 | -1.2 |
| Bankruptcies | 480 | 510 | 634 | -5.9 | -24.3 | 6,002 | 6,849 | -12.4 |
| Proposals | 486 | 464 | 458 | 4.7 | 6.1 | 5,414 | 4,700 | 15.2 |
| Northwest Territories | 2 | 2 | 4 | 0.0 | -50.0 | 41 | 56 | -26.8 |
| Bankruptcies | 1 | 1 | 3 | 0.0 | -66.7 | 22 | 34 | -35.3 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 19 | 22 | -13.6 |
| Yukon | 2 | 1 | 4 | 100.0 | -50.0 | 34 | 37 | -8.1 |
| Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 17 | 26 | -34.6 |
| Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 17 | 11 | 54.5 |
| Nunavut | 0 | 0 | 0 | -- | -- | 4 | 7 | -42.9 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 4 | -50.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Canada | 10,295 | 11,020 | 10,778 | -6.6 | -4.5 | 118,936 | 117,834 | 0.9 |
| Bankruptcies | 5,513 | 5,976 | 6,137 | -7.7 | -10.2 | 63,652 | 67,202 | -5.3 |
| Proposals | 4,782 | 5,044 | 4,641 | -5.2 | 3.0 | 55,284 | 50,632 | 9.2 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| May 2015 | April 2015 | May 2014 | April 2015 to May 2015 | May 2014 to May 2015 | 05-31-2015 | 05-31-2014 | % change | |
| Newfoundland and Labrador | 1 | 2 | 3 | -50.0 | -66.7 | 26 | 32 | -18.8 |
| Bankruptcies | 1 | 2 | 2 | -50.0 | -50.0 | 24 | 21 | 14.3 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 2 | 11 | -81.8 |
| Prince Edward Island | 2 | 3 | 1 | -33.3 | 100.0 | 23 | 19 | 21.1 |
| Bankruptcies | 2 | 3 | 1 | -33.3 | 100.0 | 18 | 13 | 38.5 |
| Proposals | 0 | 0 | 0 | -- | -- | 5 | 6 | -16.7 |
| Nova Scotia | 10 | 9 | 12 | 11.1 | -16.7 | 79 | 101 | -21.8 |
| Bankruptcies | 9 | 7 | 10 | 28.6 | -10.0 | 54 | 71 | -23.9 |
| Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 25 | 30 | -16.7 |
| New Brunswick | 8 | 4 | 6 | 100.0 | 33.3 | 83 | 94 | -11.7 |
| Bankruptcies | 7 | 2 | 5 | 250.0 | 40.0 | 60 | 72 | -16.7 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 23 | 22 | 4.5 |
| Quebec | 164 | 209 | 198 | -21.5 | -17.2 | 2,332 | 2,236 | 4.3 |
| Bankruptcies | 123 | 151 | 137 | -18.5 | -10.2 | 1,684 | 1,654 | 1.8 |
| Proposals | 41 | 58 | 61 | -29.3 | -32.8 | 648 | 582 | 11.3 |
| Ontario | 94 | 117 | 93 | -19.7 | 1.1 | 1,149 | 1,138 | 1.0 |
| Bankruptcies | 73 | 88 | 75 | -17.0 | -2.7 | 898 | 869 | 3.3 |
| Proposals | 21 | 29 | 18 | -27.6 | 16.7 | 251 | 269 | -6.7 |
| Manitoba | 2 | 3 | 5 | -33.3 | -60.0 | 38 | 73 | -47.9 |
| Bankruptcies | 0 | 3 | 3 | -100.0 | -100.0 | 27 | 61 | -55.7 |
| Proposals | 2 | 0 | 2 | -- | 0.0 | 11 | 12 | -8.3 |
| Saskatchewan | 5 | 9 | 10 | -44.4 | -50.0 | 93 | 127 | -26.8 |
| Bankruptcies | 3 | 7 | 7 | -57.1 | -57.1 | 57 | 78 | -26.9 |
| Proposals | 2 | 2 | 3 | 0.0 | -33.3 | 36 | 49 | -26.5 |
| Alberta | 12 | 14 | 17 | -14.3 | -29.4 | 136 | 166 | -18.1 |
| Bankruptcies | 10 | 8 | 13 | 25.0 | -23.1 | 97 | 121 | -19.8 |
| Proposals | 2 | 6 | 4 | -66.7 | -50.0 | 39 | 45 | -13.3 |
| British Columbia | 12 | 15 | 26 | -20.0 | -53.8 | 216 | 245 | -11.8 |
| Bankruptcies | 7 | 12 | 21 | -41.7 | -66.7 | 163 | 180 | -9.4 |
| Proposals | 5 | 3 | 5 | 66.7 | 0.0 | 53 | 65 | -18.5 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 310 | 385 | 371 | -19.5 | -16.4 | 4,177 | 4,231 | -1.3 |
| Bankruptcies | 235 | 283 | 274 | -17.0 | -14.2 | 3,083 | 3,140 | -1.8 |
| Proposals | 75 | 102 | 97 | -26.5 | -22.7 | 1,094 | 1,091 | 0.3 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| May 2015 | April 2015 | May 2014 | April 2015 to May 2015 | May 2014 to May 2015 | 05-31-2015 | 05-31-2014 | % change | |
| Agriculture, Forestry, Fishing and Hunting | 6 | 10 | 6 | -40.0 | 0.0 | 93 | 124 | -25.0 |
| Bankruptcies | 2 | 6 | 6 | -66.7 | -66.7 | 49 | 89 | -44.9 |
| Proposals | 4 | 4 | 0 | 0.0 | -- | 44 | 35 | 25.7 |
| Mining and Oil and Gas Extraction | 2 | 7 | 1 | -71.4 | 100.0 | 37 | 39 | -5.1 |
| Bankruptcies | 2 | 5 | 1 | -60.0 | 100.0 | 18 | 19 | -5.3 |
| Proposals | 0 | 2 | 0 | -100.0 | -- | 19 | 20 | -5.0 |
| Utilities | 1 | 2 | 1 | -50.0 | 0.0 | 12 | 10 | 20.0 |
| Bankruptcies | 1 | 2 | 0 | -50.0 | -- | 9 | 6 | 50.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 3 | 4 | -25.0 |
| Construction | 58 | 82 | 76 | -29.3 | -23.7 | 721 | 753 | -4.2 |
| Bankruptcies | 38 | 56 | 56 | -32.1 | -32.1 | 521 | 561 | -7.1 |
| Proposals | 20 | 26 | 20 | -23.1 | 0.0 | 200 | 192 | 4.2 |
| Manufacturing | 30 | 41 | 38 | -26.8 | -21.1 | 389 | 403 | -3.5 |
| Bankruptcies | 23 | 27 | 27 | -14.8 | -14.8 | 273 | 287 | -4.9 |
| Proposals | 7 | 14 | 11 | -50.0 | -36.4 | 116 | 116 | 0.0 |
| Wholesale Trade | 17 | 19 | 22 | -10.5 | -22.7 | 224 | 230 | -2.6 |
| Bankruptcies | 14 | 16 | 18 | -12.5 | -22.2 | 160 | 157 | 1.9 |
| Proposals | 3 | 3 | 4 | 0.0 | -25.0 | 64 | 73 | -12.3 |
| Retail Trade | 29 | 41 | 39 | -29.3 | -25.6 | 504 | 503 | 0.2 |
| Bankruptcies | 25 | 35 | 29 | -28.6 | -13.8 | 376 | 402 | -6.5 |
| Proposals | 4 | 6 | 10 | -33.3 | -60.0 | 128 | 101 | 26.7 |
| Transportation and Warehousing | 16 | 21 | 9 | -23.8 | 77.8 | 271 | 236 | 14.8 |
| Bankruptcies | 9 | 14 | 7 | -35.7 | 28.6 | 182 | 183 | -0.5 |
| Proposals | 7 | 7 | 2 | 0.0 | 250.0 | 89 | 53 | 67.9 |
| Information and Cultural Industries | 5 | 9 | 5 | -44.4 | 0.0 | 74 | 53 | 39.6 |
| Bankruptcies | 2 | 5 | 4 | -60.0 | -50.0 | 50 | 36 | 38.9 |
| Proposals | 3 | 4 | 1 | -25.0 | 200.0 | 24 | 17 | 41.2 |
| Finance and Insurance | 7 | 7 | 2 | 0.0 | 250.0 | 87 | 68 | 27.9 |
| Bankruptcies | 2 | 5 | 2 | -60.0 | 0.0 | 66 | 51 | 29.4 |
| Proposals | 5 | 2 | 0 | 150.0 | -- | 21 | 17 | 23.5 |
| Real Estate and Rental and Leasing | 9 | 10 | 12 | -10.0 | -25.0 | 125 | 152 | -17.8 |
| Bankruptcies | 7 | 7 | 9 | 0.0 | -22.2 | 96 | 113 | -15.0 |
| Proposals | 2 | 3 | 3 | -33.3 | -33.3 | 29 | 39 | -25.6 |
| Professional, Scientific and Technical Services | 27 | 28 | 33 | -3.6 | -18.2 | 291 | 298 | -2.3 |
| Bankruptcies | 23 | 24 | 22 | -4.2 | 4.5 | 237 | 213 | 11.3 |
| Proposals | 4 | 4 | 11 | 0.0 | -63.6 | 54 | 85 | -36.5 |
| Management of Companies and Enterprises | 2 | 8 | 8 | -75.0 | -75.0 | 59 | 68 | -13.2 |
| Bankruptcies | 2 | 2 | 5 | 0.0 | -60.0 | 43 | 48 | -10.4 |
| Proposals | 0 | 6 | 3 | -100.0 | -100.0 | 16 | 20 | -20.0 |
| Administrative and Support, Waste Management and Remediation Services | 13 | 16 | 17 | -18.8 | -23.5 | 216 | 198 | 9.1 |
| Bankruptcies | 11 | 15 | 11 | -26.7 | 0.0 | 163 | 138 | 18.1 |
| Proposals | 2 | 1 | 6 | 100.0 | -66.7 | 53 | 60 | -11.7 |
| Educational Services | 2 | 4 | 8 | -50.0 | -75.0 | 43 | 50 | -14.0 |
| Bankruptcies | 2 | 3 | 7 | -33.3 | -71.4 | 35 | 44 | -20.5 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 8 | 6 | 33.3 |
| Health Care and Social Assistance | 5 | 7 | 10 | -28.6 | -50.0 | 87 | 80 | 8.8 |
| Bankruptcies | 5 | 4 | 8 | 25.0 | -37.5 | 66 | 60 | 10.0 |
| Proposals | 0 | 3 | 2 | -100.0 | -100.0 | 21 | 20 | 5.0 |
| Arts, Entertainment and Recreation | 7 | 6 | 13 | 16.7 | -46.2 | 77 | 88 | -12.5 |
| Bankruptcies | 7 | 4 | 10 | 75.0 | -30.0 | 58 | 74 | -21.6 |
| Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 19 | 14 | 35.7 |
| Accommodation and Food Services | 53 | 52 | 52 | 1.9 | 1.9 | 662 | 627 | 5.6 |
| Bankruptcies | 45 | 41 | 37 | 9.8 | 21.6 | 521 | 460 | 13.3 |
| Proposals | 8 | 11 | 15 | -27.3 | -46.7 | 141 | 167 | -15.6 |
| Other Services (except Public Administration) | 20 | 15 | 19 | 33.3 | 5.3 | 204 | 250 | -18.4 |
| Bankruptcies | 14 | 12 | 15 | 16.7 | -6.7 | 159 | 198 | -19.7 |
| Proposals | 6 | 3 | 4 | 100.0 | 50.0 | 45 | 52 | -13.5 |
| Public Administration | 1 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 310 | 385 | 371 | -19.5 | -16.4 | 4,177 | 4,231 | -1.3 |
| Bankruptcies | 235 | 283 | 274 | -17.0 | -14.2 | 3,083 | 3,140 | -1.8 |
| Proposals | 75 | 102 | 97 | -26.5 | -22.7 | 1,094 | 1,091 | 0.3 |