CCAA Statistics - Second Quarter of 2015

Tables

Definitions

CCAA:
The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.
Cross-Border Proceedings:
When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.
North American Industry Classification System (NAICS):
The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
Table 1: Total CCAA Proceedings—Domestic
Type Volume +/−
Change
12-Month Period Ending
Q2 2015 Q1 2015 Q2 2014 Q1 2015 –
Q2 2015
Q2 2014 –
Q2 2015
06-30-2015 06-30-2014 +/−
Change
Total Domestic Proceedings FiledFootnote1 14 14 7 0 7 42 30 12
Filing Affiliates
14 37 11 -23 3 76 147 -71
Filed by Publicly-Traded Companies
6 3 2 3 4 10 9 1
Filed by Privately-Held Companies
8 11 5 -3 3 32 21 11
Total Liabilities—
Book Value ($ millions)Footnote2
$2,635.246 $14,369.377 $687.368 -$11,734.131 $1,947.878 $25,272.636 $3,373.909 $21,898.726
% of Secured Liabilities
47.04% 12.92% 60.77%     23.47% 45.16%  
% of Unsecured Liabilities
52.96% 87.08% 39.23%     76.53% 54.84%  
Total Assets— Book Value ($ millions) $1,383.931 $18,492.178 $781.429 -$17,108.246 $602.502 $22,823.525 $3,646.260 $19,177.264
Table 2: Total CCAA Proceedings—Cross-Border
Type Volume +/−
Change
12-Month Period Ending
Q2 2015 Q1 2015 Q2 2014 Q1 2015 –
Q2 2015
Q2 2014 –
Q2 2015
06-30-2015 06-30-2014 +/−
Change
Total Cross-Border Proceedings FiledFootnote3 0 0 0 0 0 0 0 0
Foreign Main Proceedings
0 0 0 0 0 0 0 0
Foreign Non-Main Proceedings
0 0 0 0 0 0 0 0
Total Liabilities—
Book Value ($ millions)Footnote4
$0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Total Assets—
Book Value ($ millions)
$0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Table 3: Total CCAA Proceedings Filed by Province
Type Volume +/−
Change
12-Month Period Ending
Q2 2015 Q1 2015 Q2 2014 Q1 2015 –
Q2 2015
Q2 2014 –
Q2 2015
06-30-2015 06-30-2014 +/−
Change
Newfoundland and Labrador                
Domestic                
Cross-Border                
Prince Edward Island             1 -1
Domestic             1 -1
Cross-Border                
Nova Scotia                
Domestic                
Cross-Border                
New Brunswick 1     1 1 1   1
Domestic 1     1 1 1   1
Cross-Border                
Quebec 4 2   2 4 10 6 4
Domestic 4 2   2 4 10 6 4
Cross-Border                
Ontario 5 5 2   3 17 10 7
Domestic 5 5 2   3 17 10 7
Cross-Border                
Manitoba                
Domestic                
Cross-Border                
Saskatchewan 1     1 1 1   1
Domestic 1     1 1 1   1
Cross-Border                
Alberta 2 4 2 -2   7 5 2
Domestic 2 4 2 -2   7 5 2
Cross-Border                
British Columbia 1 3 3 -2 -2 6 8 -2
Domestic 1 3 3 -2 -2 6 8 -2
Cross-Border                
Northwest Territories                
Domestic                
Cross-Border                
Yukon                
Domestic                
Cross-Border                
Nunavut                
Domestic                
Cross-Border                
Canada 14 14 7   7 42 30 12
Domestic 14 14 7   7 42 30 12
Cross-Border                
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 5
Sector Volume +/−
Change
12-Month Period Ending
Q2 2015 Q1 2015 Q2 2014 Q1 2015 –
Q2 2015
Q2 2014 –
Q2 2015
06-30-2015 06-30-2014 +/−
Change
Agriculture, Forestry, Fishing and Hunting           1 1  
Domestic           1 1  
Cross-Border                
Mining and Oil and Gas Extraction 7 6 2 1 5 17 8 9
Domestic 7 6 2 1 5 17 8 9
Cross-Border                
Utilities                
Domestic                
Cross-Border                
Construction   3 2 -3 -2 4 5 -1
Domestic   3 2 -3 -2 4 5 -1
Cross-Border                
Manufacturing 3   2 3 1 6 5 1
Domestic 3   2 3 1 6 5 1
Cross-Border                
Wholesale Trade 1     1 1 1 1  
Domestic 1     1 1 1 1  
Cross-Border                
Retail Trade   2   -2   3   3
Domestic   2   -2   3   3
Cross-Border                
Transportation and Warehousing             2 -2
Domestic             2 -2
Cross-Border                
Information and Cultural Industries 1     1 1 1 1  
Domestic 1     1 1 1 1  
Cross-Border                
Finance and Insurance 1 1 1     3 3  
Domestic 1 1 1     3 3  
Cross-Border                
Real Estate, Rental and Leasing             3 -3
Domestic             3 -3
Cross-Border                
Professional, Scientific and Technical Services   1   -1   3   3
Domestic   1   -1   3   3
Cross-Border                
Management of Companies and Enterprises             1 -1
Domestic             1 -1
Cross-Border                
Administrative and Support, Waste Management and Remediation Services 1     1 1 1   1
Domestic 1     1 1 1   1
Cross-Border                
Educational Services                
Domestic                
Cross-Border                
Health Care and Social Assistance                
Domestic                
Cross-Border                
Arts, Entertainment and Recreation             1 -1
Domestic             1 -1
Cross-Border                
Accommodation and Food Services           1   1
Domestic           1   1
Cross-Border                
Other Services (except Public Administration)   1   -1   1   1
Domestic   1   -1   1   1
Cross-Border                
Public Administration                
Domestic                
Cross-Border                
Canada 14 14 7   7 42 31 11
Domestic 14 14 7   7 42 31 11
Cross-Border                
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