Insolvency Statistics in Canada—July 2015
Detailed report
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Insolvency Statistics in Canada
July 2015
293 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 | |||||
|---|---|---|---|---|---|---|---|---|
| July 2015 | June 2015 | July 2014 | June 2015
to July 2015 |
July 2014
to July 2015 |
07-31-2015 | 07-31-2014 | % Change | |
| Newfoundland and Labrador | 155 | 179 | 126 | -13.4 | 23.0 | 1,694 | 1,582 | 7.1 |
| Bankruptcies | 137 | 145 | 111 | -5.5 | 23.4 | 1,426 | 1,409 | 1.2 |
| Proposals | 18 | 34 | 15 | -47.1 | 20.0 | 268 | 173 | 54.9 |
| Prince Edward Island | 84 | 68 | 73 | 23.5 | 15.1 | 800 | 713 | 12.2 |
| Bankruptcies | 55 | 38 | 53 | 44.7 | 3.8 | 525 | 493 | 6.5 |
| Proposals | 29 | 30 | 20 | -3.3 | 45.0 | 275 | 220 | 25.0 |
| Nova Scotia | 457 | 503 | 499 | -9.1 | -8.4 | 5,304 | 5,133 | 3.3 |
| Bankruptcies | 322 | 349 | 356 | -7.7 | -9.6 | 3,771 | 3,616 | 4.3 |
| Proposals | 135 | 154 | 143 | -12.3 | -5.6 | 1,533 | 1,517 | 1.1 |
| New Brunswick | 402 | 394 | 358 | 2.0 | 12.3 | 4,479 | 4,220 | 6.1 |
| Bankruptcies | 268 | 263 | 254 | 1.9 | 5.5 | 3,019 | 2,951 | 2.3 |
| Proposals | 134 | 131 | 104 | 2.3 | 28.8 | 1,460 | 1,269 | 15.1 |
| Quebec | 3,867 | 3,775 | 3,495 | 2.4 | 10.6 | 45,882 | 42,863 | 7.0 |
| Bankruptcies | 2,137 | 2,233 | 2,095 | -4.3 | 2.0 | 26,264 | 26,265 | 0.0 |
| Proposals | 1,730 | 1,542 | 1,400 | 12.2 | 23.6 | 19,618 | 16,598 | 18.2 |
| Ontario | 3,420 | 3,559 | 3,634 | -3.9 | -5.9 | 41,407 | 43,565 | -5.0 |
| Bankruptcies | 1,549 | 1,657 | 1,714 | -6.5 | -9.6 | 19,412 | 21,133 | -8.1 |
| Proposals | 1,871 | 1,902 | 1,920 | -1.6 | -2.6 | 21,995 | 22,432 | -1.9 |
| Manitoba | 202 | 187 | 156 | 8.0 | 29.5 | 2,100 | 1,913 | 9.8 |
| Bankruptcies | 119 | 125 | 107 | -4.8 | 11.2 | 1,342 | 1,234 | 8.8 |
| Proposals | 83 | 62 | 49 | 33.9 | 69.4 | 758 | 679 | 11.6 |
| Saskatchewan | 205 | 189 | 182 | 8.5 | 12.6 | 2,134 | 1,997 | 6.9 |
| Bankruptcies | 105 | 96 | 99 | 9.4 | 6.1 | 1,143 | 1,189 | -3.9 |
| Proposals | 100 | 93 | 83 | 7.5 | 20.5 | 991 | 808 | 22.6 |
| Alberta | 830 | 877 | 655 | -5.4 | 26.7 | 8,992 | 8,279 | 8.6 |
| Bankruptcies | 358 | 409 | 303 | -12.5 | 18.2 | 4,052 | 4,221 | -4.0 |
| Proposals | 472 | 468 | 352 | 0.9 | 34.1 | 4,940 | 4,058 | 21.7 |
| British Columbia | 1,021 | 1,079 | 1,044 | -5.4 | -2.2 | 11,657 | 11,818 | -1.4 |
| Bankruptcies | 488 | 536 | 581 | -9.0 | -16.0 | 6,015 | 7,014 | -14.2 |
| Proposals | 533 | 543 | 463 | -1.8 | 15.1 | 5,642 | 4,804 | 17.4 |
| Northwest Territories | 4 | 6 | 2 | -33.3 | 100.0 | 44 | 50 | -12.0 |
| Bankruptcies | 1 | 4 | 2 | -75.0 | -50.0 | 22 | 29 | -24.1 |
| Proposals | 3 | 2 | 0 | 50.0 | -- | 22 | 21 | 4.8 |
| Yukon | 4 | 3 | 6 | 33.3 | -33.3 | 35 | 39 | -10.3 |
| Bankruptcies | 2 | 1 | 3 | 100.0 | -33.3 | 16 | 25 | -36.0 |
| Proposals | 2 | 2 | 3 | 0.0 | -33.3 | 19 | 14 | 35.7 |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 6 | 6 | 0.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 4 | 4 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
| Canada | 10,651 | 10,820 | 10,230 | -1.6 | 4.1 | 124,534 | 122,178 | 1.9 |
| Bankruptcies | 5,541 | 5,857 | 5,678 | -5.4 | -2.4 | 67,011 | 69,583 | -3.7 |
| Proposals | 5,110 | 4,963 | 4,552 | 3.0 | 12.3 | 57,523 | 52,595 | 9.4 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2015 | June 2015 | July 2014 | June 2015
to July 2015 |
July 2014
to July 2015 |
07-31-2015 | 07-31-2014 | % Change | |
| Newfoundland and Labrador | 155 | 176 | 126 | -11.9 | 23.0 | 1,667 | 1,551 | 7.5 |
| Bankruptcies | 137 | 142 | 111 | -3.5 | 23.4 | 1,401 | 1,387 | 1.0 |
| Proposals | 18 | 34 | 15 | -47.1 | 20.0 | 266 | 164 | 62.2 |
| Prince Edward Island | 82 | 67 | 69 | 22.4 | 18.8 | 783 | 686 | 14.1 |
| Bankruptcies | 54 | 38 | 51 | 42.1 | 5.9 | 512 | 474 | 8.0 |
| Proposals | 28 | 29 | 18 | -3.4 | 55.6 | 271 | 212 | 27.8 |
| Nova Scotia | 451 | 486 | 490 | -7.2 | -8.0 | 5,215 | 5,036 | 3.6 |
| Bankruptcies | 316 | 339 | 350 | -6.8 | -9.7 | 3,709 | 3,550 | 4.5 |
| Proposals | 135 | 147 | 140 | -8.2 | -3.6 | 1,506 | 1,486 | 1.3 |
| New Brunswick | 394 | 392 | 352 | 0.5 | 11.9 | 4,400 | 4,127 | 6.6 |
| Bankruptcies | 261 | 262 | 250 | -0.4 | 4.4 | 2,962 | 2,880 | 2.8 |
| Proposals | 133 | 130 | 102 | 2.3 | 30.4 | 1,438 | 1,247 | 15.3 |
| Quebec | 3,707 | 3,585 | 3,327 | 3.4 | 11.4 | 43,534 | 40,634 | 7.1 |
| Bankruptcies | 2,016 | 2,092 | 1,967 | -3.6 | 2.5 | 24,566 | 24,613 | -0.2 |
| Proposals | 1,691 | 1,493 | 1,360 | 13.3 | 24.3 | 18,968 | 16,021 | 18.4 |
| Ontario | 3,317 | 3,470 | 3,552 | -4.4 | -6.6 | 40,230 | 42,448 | -5.2 |
| Bankruptcies | 1,469 | 1,590 | 1,644 | -7.6 | -10.6 | 18,496 | 20,271 | -8.8 |
| Proposals | 1,848 | 1,880 | 1,908 | -1.7 | -3.1 | 21,734 | 22,177 | -2.0 |
| Manitoba | 198 | 184 | 153 | 7.6 | 29.4 | 2,063 | 1,842 | 12.0 |
| Bankruptcies | 118 | 122 | 105 | -3.3 | 12.4 | 1,318 | 1,172 | 12.5 |
| Proposals | 80 | 62 | 48 | 29.0 | 66.7 | 745 | 670 | 11.2 |
| Saskatchewan | 195 | 178 | 175 | 9.6 | 11.4 | 2,042 | 1,872 | 9.1 |
| Bankruptcies | 97 | 88 | 95 | 10.2 | 2.1 | 1,081 | 1,116 | -3.1 |
| Proposals | 98 | 90 | 80 | 8.9 | 22.5 | 961 | 756 | 27.1 |
| Alberta | 824 | 859 | 642 | -4.1 | 28.3 | 8,849 | 8,117 | 9.0 |
| Bankruptcies | 353 | 393 | 296 | -10.2 | 19.3 | 3,944 | 4,108 | -4.0 |
| Proposals | 471 | 466 | 346 | 1.1 | 36.1 | 4,905 | 4,009 | 22.3 |
| British Columbia | 1,007 | 1,056 | 1,017 | -4.6 | -1.0 | 11,459 | 11,553 | -0.8 |
| Bankruptcies | 476 | 517 | 559 | -7.9 | -14.8 | 5,868 | 6,812 | -13.9 |
| Proposals | 531 | 539 | 458 | -1.5 | 15.9 | 5,591 | 4,741 | 17.9 |
| Northwest Territories | 4 | 6 | 2 | -33.3 | 100.0 | 44 | 50 | -12.0 |
| Bankruptcies | 1 | 4 | 2 | -75.0 | -50.0 | 22 | 29 | -24.1 |
| Proposals | 3 | 2 | 0 | 50.0 | -- | 22 | 21 | 4.8 |
| Yukon | 4 | 3 | 6 | 33.3 | -33.3 | 34 | 39 | -12.8 |
| Bankruptcies | 2 | 1 | 3 | 100.0 | -33.3 | 16 | 25 | -36.0 |
| Proposals | 2 | 2 | 3 | 0.0 | -33.3 | 18 | 14 | 28.6 |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 5 | 6 | -16.7 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 3 | 4 | -25.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
| Canada | 10,338 | 10,463 | 9,911 | -1.2 | 4.3 | 120,325 | 117,961 | 2.0 |
| Bankruptcies | 5,300 | 5,589 | 5,433 | -5.2 | -2.4 | 63,898 | 66,441 | -3.8 |
| Proposals | 5,038 | 4,874 | 4,478 | 3.4 | 12.5 | 56,427 | 51,520 | 9.5 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2015 | June 2015 | July 2014 | June 2015
to July 2015 |
July 2014
to July 2015 |
07-31-2015 | 07-31-2014 | % Change | |
| Newfoundland and Labrador | 0 | 3 | 0 | -100.0 | -- | 27 | 31 | -12.9 |
| Bankruptcies | 0 | 3 | 0 | -100.0 | -- | 25 | 22 | 13.6 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 9 | -77.8 |
| Prince Edward Island | 2 | 1 | 4 | 100.0 | -50.0 | 17 | 27 | -37.0 |
| Bankruptcies | 1 | 0 | 2 | -- | -50.0 | 13 | 19 | -31.6 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 4 | 8 | -50.0 |
| Nova Scotia | 6 | 17 | 9 | -64.7 | -33.3 | 89 | 97 | -8.2 |
| Bankruptcies | 6 | 10 | 6 | -40.0 | 0.0 | 62 | 66 | -6.1 |
| Proposals | 0 | 7 | 3 | -100.0 | -100.0 | 27 | 31 | -12.9 |
| New Brunswick | 8 | 2 | 6 | 300.0 | 33.3 | 79 | 93 | -15.1 |
| Bankruptcies | 7 | 1 | 4 | 600.0 | 75.0 | 57 | 71 | -19.7 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 22 | 22 | 0.0 |
| Quebec | 160 | 190 | 168 | -15.8 | -4.8 | 2,348 | 2,229 | 5.3 |
| Bankruptcies | 121 | 141 | 128 | -14.2 | -5.5 | 1,698 | 1,652 | 2.8 |
| Proposals | 39 | 49 | 40 | -20.4 | -2.5 | 650 | 577 | 12.7 |
| Ontario | 103 | 89 | 82 | 15.7 | 25.6 | 1,177 | 1,117 | 5.4 |
| Bankruptcies | 80 | 67 | 70 | 19.4 | 14.3 | 916 | 862 | 6.3 |
| Proposals | 23 | 22 | 12 | 4.5 | 91.7 | 261 | 255 | 2.4 |
| Manitoba | 4 | 3 | 3 | 33.3 | 33.3 | 37 | 71 | -47.9 |
| Bankruptcies | 1 | 3 | 2 | -66.7 | -50.0 | 24 | 62 | -61.3 |
| Proposals | 3 | 0 | 1 | -- | 200.0 | 13 | 9 | 44.4 |
| Saskatchewan | 10 | 11 | 7 | -9.1 | 42.9 | 92 | 125 | -26.4 |
| Bankruptcies | 8 | 8 | 4 | 0.0 | 100.0 | 62 | 73 | -15.1 |
| Proposals | 2 | 3 | 3 | -33.3 | -33.3 | 30 | 52 | -42.3 |
| Alberta | 6 | 18 | 13 | -66.7 | -53.8 | 143 | 162 | -11.7 |
| Bankruptcies | 5 | 16 | 7 | -68.8 | -28.6 | 108 | 113 | -4.4 |
| Proposals | 1 | 2 | 6 | -50.0 | -83.3 | 35 | 49 | -28.6 |
| British Columbia | 14 | 23 | 27 | -39.1 | -48.1 | 198 | 265 | -25.3 |
| Bankruptcies | 12 | 19 | 22 | -36.8 | -45.5 | 147 | 202 | -27.2 |
| Proposals | 2 | 4 | 5 | -50.0 | -60.0 | 51 | 63 | -19.0 |
| 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 | 313 | 357 | 319 | -12.3 | -1.9 | 4,209 | 4,217 | -0.2 |
| Bankruptcies | 241 | 268 | 245 | -10.1 | -1.6 | 3,113 | 3,142 | -0.9 |
| Proposals | 72 | 89 | 74 | -19.1 | -2.7 | 1,096 | 1,075 | 2.0 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2015 | June 2015 | July 2014 | June 2015
to July 2015 |
July 2014
to July 2015 |
07-31-2015 | 07-31-2014 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 7 | 5 | 8 | 40.0 | -12.5 | 85 | 129 | -34.1 |
| Bankruptcies | 5 | 1 | 6 | 400.0 | -16.7 | 43 | 89 | -51.7 |
| Proposals | 2 | 4 | 2 | -50.0 | 0.0 | 42 | 40 | 5.0 |
| Mining and Oil and Gas Extraction | 2 | 3 | 2 | -33.3 | 0.0 | 38 | 39 | -2.6 |
| Bankruptcies | 0 | 3 | 0 | -100.0 | -- | 21 | 18 | 16.7 |
| Proposals | 2 | 0 | 2 | -- | 0.0 | 17 | 21 | -19.0 |
| Utilities | 4 | 1 | 3 | 300.0 | 33.3 | 14 | 13 | 7.7 |
| Bankruptcies | 2 | 1 | 2 | 100.0 | 0.0 | 10 | 8 | 25.0 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 4 | 5 | -20.0 |
| Construction | 53 | 71 | 54 | -25.4 | -1.9 | 728 | 753 | -3.3 |
| Bankruptcies | 44 | 54 | 44 | -18.5 | 0.0 | 527 | 565 | -6.7 |
| Proposals | 9 | 17 | 10 | -47.1 | -10.0 | 201 | 188 | 6.9 |
| Manufacturing | 25 | 28 | 33 | -10.7 | -24.2 | 376 | 410 | -8.3 |
| Bankruptcies | 16 | 18 | 23 | -11.1 | -30.4 | 259 | 293 | -11.6 |
| Proposals | 9 | 10 | 10 | -10.0 | -10.0 | 117 | 117 | 0.0 |
| Wholesale Trade | 18 | 15 | 21 | 20.0 | -14.3 | 221 | 239 | -7.5 |
| Bankruptcies | 15 | 10 | 19 | 50.0 | -21.1 | 159 | 162 | -1.9 |
| Proposals | 3 | 5 | 2 | -40.0 | 50.0 | 62 | 77 | -19.5 |
| Retail Trade | 38 | 36 | 41 | 5.6 | -7.3 | 498 | 509 | -2.2 |
| Bankruptcies | 30 | 27 | 28 | 11.1 | 7.1 | 377 | 402 | -6.2 |
| Proposals | 8 | 9 | 13 | -11.1 | -38.5 | 121 | 107 | 13.1 |
| Transportation and Warehousing | 14 | 21 | 18 | -33.3 | -22.2 | 271 | 235 | 15.3 |
| Bankruptcies | 12 | 14 | 17 | -14.3 | -29.4 | 178 | 187 | -4.8 |
| Proposals | 2 | 7 | 1 | -71.4 | 100.0 | 93 | 48 | 93.8 |
| Information and Cultural Industries | 4 | 7 | 6 | -42.9 | -33.3 | 78 | 49 | 59.2 |
| Bankruptcies | 4 | 6 | 4 | -33.3 | 0.0 | 55 | 32 | 71.9 |
| Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 23 | 17 | 35.3 |
| Finance and Insurance | 5 | 8 | 7 | -37.5 | -28.6 | 89 | 72 | 23.6 |
| Bankruptcies | 3 | 7 | 6 | -57.1 | -50.0 | 67 | 54 | 24.1 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 22 | 18 | 22.2 |
| Real Estate and Rental and Leasing | 9 | 12 | 9 | -25.0 | 0.0 | 120 | 149 | -19.5 |
| Bankruptcies | 9 | 12 | 7 | -25.0 | 28.6 | 97 | 108 | -10.2 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 23 | 41 | -43.9 |
| Professional, Scientific and Technical Services | 24 | 28 | 21 | -14.3 | 14.3 | 304 | 295 | 3.1 |
| Bankruptcies | 20 | 20 | 15 | 0.0 | 33.3 | 248 | 216 | 14.8 |
| Proposals | 4 | 8 | 6 | -50.0 | -33.3 | 56 | 79 | -29.1 |
| Management of Companies and Enterprises | 5 | 7 | 6 | -28.6 | -16.7 | 61 | 64 | -4.7 |
| Bankruptcies | 3 | 5 | 5 | -40.0 | -40.0 | 42 | 47 | -10.6 |
| Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 19 | 17 | 11.8 |
| Administrative and Support, Waste Management and Remediation Services | 23 | 18 | 17 | 27.8 | 35.3 | 217 | 200 | 8.5 |
| Bankruptcies | 18 | 15 | 14 | 20.0 | 28.6 | 165 | 140 | 17.9 |
| Proposals | 5 | 3 | 3 | 66.7 | 66.7 | 52 | 60 | -13.3 |
| Educational Services | 0 | 2 | 1 | -100.0 | -100.0 | 39 | 46 | -15.2 |
| Bankruptcies | 0 | 2 | 0 | -100.0 | -- | 32 | 42 | -23.8 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 7 | 4 | 75.0 |
| Health Care and Social Assistance | 8 | 10 | 6 | -20.0 | 33.3 | 95 | 81 | 17.3 |
| Bankruptcies | 2 | 5 | 6 | -60.0 | -66.7 | 65 | 61 | 6.6 |
| Proposals | 6 | 5 | 0 | 20.0 | -- | 30 | 20 | 50.0 |
| Arts, Entertainment and Recreation | 6 | 3 | 4 | 100.0 | 50.0 | 81 | 78 | 3.8 |
| Bankruptcies | 5 | 2 | 4 | 150.0 | 25.0 | 60 | 67 | -10.4 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 21 | 11 | 90.9 |
| Accommodation and Food Services | 58 | 68 | 51 | -14.7 | 13.7 | 690 | 618 | 11.7 |
| Bankruptcies | 43 | 54 | 36 | -20.4 | 19.4 | 546 | 457 | 19.5 |
| Proposals | 15 | 14 | 15 | 7.1 | 0.0 | 144 | 161 | -10.6 |
| Other Services (except Public Administration) | 10 | 14 | 11 | -28.6 | -9.1 | 203 | 237 | -14.3 |
| Bankruptcies | 10 | 12 | 9 | -16.7 | 11.1 | 161 | 193 | -16.6 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 42 | 44 | -4.5 |
| Public Administration | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 313 | 357 | 319 | -12.3 | -1.9 | 4,209 | 4,217 | -0.2 |
| Bankruptcies | 241 | 268 | 245 | -10.1 | -1.6 | 3,113 | 3,142 | -0.9 |
| Proposals | 72 | 89 | 74 | -19.1 | -2.7 | 1,096 | 1,075 | 2.0 |
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