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Insolvency Statistics in Canada
September 2015
291 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 | |||||
|---|---|---|---|---|---|---|---|---|
| September 2015 | August 2015 | September 2014 | Aug. 2015 to Sept. 2015 | Sept. 2014 to Sept. 2015 | 09-30-2015 | 09-30-2014 | % Change | |
| Newfoundland and Labrador | 156 | 156 | 127 | 0.0 | 22.8 | 1,751 | 1,579 | 10.9 |
| Bankruptcies | 137 | 126 | 111 | 8.7 | 23.4 | 1,475 | 1,395 | 5.7 |
| Proposals | 19 | 30 | 16 | -36.7 | 18.8 | 276 | 184 | 50.0 |
| Prince Edward Island | 53 | 61 | 62 | -13.1 | -14.5 | 770 | 742 | 3.8 |
| Bankruptcies | 32 | 39 | 43 | -17.9 | -25.6 | 492 | 523 | -5.9 |
| Proposals | 21 | 22 | 19 | -4.5 | 10.5 | 278 | 219 | 26.9 |
| Nova Scotia | 474 | 381 | 500 | 24.4 | -5.2 | 5,263 | 5,146 | 2.3 |
| Bankruptcies | 332 | 260 | 360 | 27.7 | -7.8 | 3,720 | 3,659 | 1.7 |
| Proposals | 142 | 121 | 140 | 17.4 | 1.4 | 1,543 | 1,487 | 3.8 |
| New Brunswick | 411 | 385 | 393 | 6.8 | 4.6 | 4,484 | 4,303 | 4.2 |
| Bankruptcies | 270 | 249 | 275 | 8.4 | -1.8 | 2,987 | 3,016 | -1.0 |
| Proposals | 141 | 136 | 118 | 3.7 | 19.5 | 1,497 | 1,287 | 16.3 |
| Quebec | 3,915 | 3,319 | 3,694 | 18.0 | 6.0 | 45,961 | 43,111 | 6.6 |
| Bankruptcies | 2,324 | 1,973 | 2,200 | 17.8 | 5.6 | 26,339 | 26,019 | 1.2 |
| Proposals | 1,591 | 1,346 | 1,494 | 18.2 | 6.5 | 19,622 | 17,092 | 14.8 |
| Ontario | 3,329 | 3,103 | 3,537 | 7.3 | -5.9 | 41,170 | 42,884 | -4.0 |
| Bankruptcies | 1,515 | 1,434 | 1,706 | 5.6 | -11.2 | 19,168 | 20,679 | -7.3 |
| Proposals | 1,814 | 1,669 | 1,831 | 8.7 | -0.9 | 22,002 | 22,205 | -0.9 |
| Manitoba | 176 | 161 | 186 | 9.3 | -5.4 | 2,085 | 1,938 | 7.6 |
| Bankruptcies | 101 | 98 | 130 | 3.1 | -22.3 | 1,314 | 1,252 | 5.0 |
| Proposals | 75 | 63 | 56 | 19.0 | 33.9 | 771 | 686 | 12.4 |
| Saskatchewan | 198 | 196 | 181 | 1.0 | 9.4 | 2,184 | 2,018 | 8.2 |
| Bankruptcies | 100 | 102 | 104 | -2.0 | -3.8 | 1,156 | 1,175 | -1.6 |
| Proposals | 98 | 94 | 77 | 4.3 | 27.3 | 1,028 | 843 | 21.9 |
| Alberta | 922 | 756 | 707 | 22.0 | 30.4 | 9,319 | 8,291 | 12.4 |
| Bankruptcies | 390 | 337 | 318 | 15.7 | 22.6 | 4,161 | 4,065 | 2.4 |
| Proposals | 532 | 419 | 389 | 27.0 | 36.8 | 5,158 | 4,226 | 22.1 |
| British Columbia | 983 | 955 | 988 | 2.9 | -0.5 | 11,763 | 11,769 | -0.1 |
| Bankruptcies | 480 | 449 | 519 | 6.9 | -7.5 | 5,971 | 6,866 | -13.0 |
| Proposals | 503 | 506 | 469 | -0.6 | 7.2 | 5,792 | 4,903 | 18.1 |
| Northwest Territories | 4 | 3 | 1 | 33.3 | 300.0 | 45 | 51 | -11.8 |
| Bankruptcies | 3 | 1 | 0 | 200.0 | -- | 25 | 27 | -7.4 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 20 | 24 | -16.7 |
| Yukon | 4 | 5 | 2 | -20.0 | 100.0 | 39 | 42 | -7.1 |
| Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 18 | 28 | -35.7 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 21 | 14 | 50.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 5 | 6 | -16.7 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 3 | -66.7 |
| Canada | 10,625 | 9,481 | 10,378 | 12.1 | 2.4 | 124,839 | 121,880 | 2.4 |
| Bankruptcies | 5,687 | 5,071 | 5,767 | 12.1 | -1.4 | 66,830 | 68,707 | -2.7 |
| Proposals | 4,938 | 4,410 | 4,611 | 12.0 | 7.1 | 58,009 | 53,173 | 9.1 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| September 2015 | August 2015 | September 2014 | Aug. 2015 to Sept. 2015 | Sept. 2014 to Sept. 2015 | 09-30-2015 | 09-30-2014 | % Change | |
| Newfoundland and Labrador | 151 | 153 | 126 | -1.3 | 19.8 | 1,719 | 1,555 | 10.5 |
| Bankruptcies | 133 | 124 | 110 | 7.3 | 20.9 | 1,447 | 1,374 | 5.3 |
| Proposals | 18 | 29 | 16 | -37.9 | 12.5 | 272 | 181 | 50.3 |
| Prince Edward Island | 52 | 61 | 61 | -14.8 | -14.8 | 753 | 722 | 4.3 |
| Bankruptcies | 31 | 39 | 42 | -20.5 | -26.2 | 479 | 509 | -5.9 |
| Proposals | 21 | 22 | 19 | -4.5 | 10.5 | 274 | 213 | 28.6 |
| Nova Scotia | 462 | 378 | 497 | 22.2 | -7.0 | 5,169 | 5,060 | 2.2 |
| Bankruptcies | 323 | 257 | 357 | 25.7 | -9.5 | 3,653 | 3,603 | 1.4 |
| Proposals | 139 | 121 | 140 | 14.9 | -0.7 | 1,516 | 1,457 | 4.0 |
| New Brunswick | 401 | 381 | 386 | 5.2 | 3.9 | 4,399 | 4,215 | 4.4 |
| Bankruptcies | 263 | 246 | 268 | 6.9 | -1.9 | 2,928 | 2,945 | -0.6 |
| Proposals | 138 | 135 | 118 | 2.2 | 16.9 | 1,471 | 1,270 | 15.8 |
| Quebec | 3,733 | 3,190 | 3,506 | 17.0 | 6.5 | 43,650 | 40,865 | 6.8 |
| Bankruptcies | 2,193 | 1,869 | 2,057 | 17.3 | 6.6 | 24,663 | 24,354 | 1.3 |
| Proposals | 1,540 | 1,321 | 1,449 | 16.6 | 6.3 | 18,987 | 16,511 | 15.0 |
| Ontario | 3,234 | 3,026 | 3,458 | 6.9 | -6.5 | 39,991 | 41,785 | -4.3 |
| Bankruptcies | 1,438 | 1,376 | 1,636 | 4.5 | -12.1 | 18,261 | 19,832 | -7.9 |
| Proposals | 1,796 | 1,650 | 1,822 | 8.8 | -1.4 | 21,730 | 21,953 | -1.0 |
| Manitoba | 173 | 155 | 184 | 11.6 | -6.0 | 2,045 | 1,876 | 9.0 |
| Bankruptcies | 99 | 93 | 128 | 6.5 | -22.7 | 1,286 | 1,202 | 7.0 |
| Proposals | 74 | 62 | 56 | 19.4 | 32.1 | 759 | 674 | 12.6 |
| Saskatchewan | 178 | 184 | 173 | -3.3 | 2.9 | 2,076 | 1,891 | 9.8 |
| Bankruptcies | 87 | 92 | 100 | -5.4 | -13.0 | 1,079 | 1,102 | -2.1 |
| Proposals | 91 | 92 | 73 | -1.1 | 24.7 | 997 | 789 | 26.4 |
| Alberta | 910 | 743 | 698 | 22.5 | 30.4 | 9,175 | 8,134 | 12.8 |
| Bankruptcies | 381 | 333 | 313 | 14.4 | 21.7 | 4,056 | 3,956 | 2.5 |
| Proposals | 529 | 410 | 385 | 29.0 | 37.4 | 5,119 | 4,178 | 22.5 |
| British Columbia | 960 | 942 | 971 | 1.9 | -1.1 | 11,567 | 11,504 | 0.5 |
| Bankruptcies | 461 | 438 | 505 | 5.3 | -8.7 | 5,824 | 6,663 | -12.6 |
| Proposals | 499 | 504 | 466 | -1.0 | 7.1 | 5,743 | 4,841 | 18.6 |
| Northwest Territories | 4 | 3 | 1 | 33.3 | 300.0 | 45 | 51 | -11.8 |
| Bankruptcies | 3 | 1 | 0 | 200.0 | -- | 25 | 27 | -7.4 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 20 | 24 | -16.7 |
| Yukon | 4 | 5 | 2 | -20.0 | 100.0 | 38 | 42 | -9.5 |
| Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 18 | 28 | -35.7 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 20 | 14 | 42.9 |
| Nunavut | 0 | 0 | 0 | -- | -- | 4 | 6 | -33.3 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 3 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 3 | -66.7 |
| Canada | 10,262 | 9,221 | 10,063 | 11.3 | 2.0 | 120,631 | 117,706 | 2.5 |
| Bankruptcies | 5,415 | 4,871 | 5,517 | 11.2 | -1.8 | 63,722 | 65,598 | -2.9 |
| Proposals | 4,847 | 4,350 | 4,546 | 11.4 | 6.6 | 56,909 | 52,108 | 9.2 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| September 2015 | August 2015 | September 2014 | Aug. 2015 to Sept. 2015 | Sept. 2014 to Sept. 2015 | 09-30-2015 | 09-30-2014 | % Change | |
| Newfoundland and Labrador | 5 | 3 | 1 | 66.7 | 400.0 | 32 | 24 | 33.3 |
| Bankruptcies | 4 | 2 | 1 | 100.0 | 300.0 | 28 | 21 | 33.3 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 4 | 3 | 33.3 |
| Prince Edward Island | 1 | 0 | 1 | -- | 0.0 | 17 | 20 | -15.0 |
| Bankruptcies | 1 | 0 | 1 | -- | 0.0 | 13 | 14 | -7.1 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 6 | -33.3 |
| Nova Scotia | 12 | 3 | 3 | 300.0 | 300.0 | 94 | 86 | 9.3 |
| Bankruptcies | 9 | 3 | 3 | 200.0 | 200.0 | 67 | 56 | 19.6 |
| Proposals | 3 | 0 | 0 | -- | -- | 27 | 30 | -10.0 |
| New Brunswick | 10 | 4 | 7 | 150.0 | 42.9 | 85 | 88 | -3.4 |
| Bankruptcies | 7 | 3 | 7 | 133.3 | 0.0 | 59 | 71 | -16.9 |
| Proposals | 3 | 1 | 0 | 200.0 | -- | 26 | 17 | 52.9 |
| Quebec | 182 | 129 | 188 | 41.1 | -3.2 | 2,311 | 2,246 | 2.9 |
| Bankruptcies | 131 | 104 | 143 | 26.0 | -8.4 | 1,676 | 1,665 | 0.7 |
| Proposals | 51 | 25 | 45 | 104.0 | 13.3 | 635 | 581 | 9.3 |
| Ontario | 95 | 77 | 79 | 23.4 | 20.3 | 1,179 | 1,099 | 7.3 |
| Bankruptcies | 77 | 58 | 70 | 32.8 | 10.0 | 907 | 847 | 7.1 |
| Proposals | 18 | 19 | 9 | -5.3 | 100.0 | 272 | 252 | 7.9 |
| Manitoba | 3 | 6 | 2 | -50.0 | 50.0 | 40 | 62 | -35.5 |
| Bankruptcies | 2 | 5 | 2 | -60.0 | 0.0 | 28 | 50 | -44.0 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 12 | 12 | 0.0 |
| Saskatchewan | 20 | 12 | 8 | 66.7 | 150.0 | 108 | 127 | -15.0 |
| Bankruptcies | 13 | 10 | 4 | 30.0 | 225.0 | 77 | 73 | 5.5 |
| Proposals | 7 | 2 | 4 | 250.0 | 75.0 | 31 | 54 | -42.6 |
| Alberta | 12 | 13 | 9 | -7.7 | 33.3 | 144 | 157 | -8.3 |
| Bankruptcies | 9 | 4 | 5 | 125.0 | 80.0 | 105 | 109 | -3.7 |
| Proposals | 3 | 9 | 4 | -66.7 | -25.0 | 39 | 48 | -18.8 |
| British Columbia | 23 | 13 | 17 | 76.9 | 35.3 | 196 | 265 | -26.0 |
| Bankruptcies | 19 | 11 | 14 | 72.7 | 35.7 | 147 | 203 | -27.6 |
| Proposals | 4 | 2 | 3 | 100.0 | 33.3 | 49 | 62 | -21.0 |
| 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 | 363 | 260 | 315 | 39.6 | 15.2 | 4,208 | 4,174 | 0.8 |
| Bankruptcies | 272 | 200 | 250 | 36.0 | 8.8 | 3,108 | 3,109 | 0.0 |
| Proposals | 91 | 60 | 65 | 51.7 | 40.0 | 1,100 | 1,065 | 3.3 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| September 2015 | August 2015 | September 2014 | Aug. 2015 to Sept. 2015 | Sept. 2014 to Sept. 2015 | 09-30-2015 | 09-30-2014 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 13 | 2 | 6 | 550.0 | 116.7 | 86 | 106 | -18.9 |
| Bankruptcies | 5 | 1 | 4 | 400.0 | 25.0 | 43 | 73 | -41.1 |
| Proposals | 8 | 1 | 2 | 700.0 | 300.0 | 43 | 33 | 30.3 |
| Mining and Oil and Gas Extraction | 5 | 2 | 5 | 150.0 | 0.0 | 37 | 44 | -15.9 |
| Bankruptcies | 5 | 1 | 2 | 400.0 | 150.0 | 24 | 20 | 20.0 |
| Proposals | 0 | 1 | 3 | -100.0 | -100.0 | 13 | 24 | -45.8 |
| Utilities | 2 | 0 | 2 | -- | 0.0 | 13 | 15 | -13.3 |
| Bankruptcies | 2 | 0 | 2 | -- | 0.0 | 9 | 11 | -18.2 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 4 | 0.0 |
| Construction | 79 | 43 | 49 | 83.7 | 61.2 | 752 | 724 | 3.9 |
| Bankruptcies | 57 | 32 | 37 | 78.1 | 54.1 | 544 | 543 | 0.2 |
| Proposals | 22 | 11 | 12 | 100.0 | 83.3 | 208 | 181 | 14.9 |
| Manufacturing | 34 | 24 | 33 | 41.7 | 3.0 | 380 | 392 | -3.1 |
| Bankruptcies | 29 | 18 | 25 | 61.1 | 16.0 | 263 | 285 | -7.7 |
| Proposals | 5 | 6 | 8 | -16.7 | -37.5 | 117 | 107 | 9.3 |
| Wholesale Trade | 13 | 14 | 13 | -7.1 | 0.0 | 218 | 237 | -8.0 |
| Bankruptcies | 10 | 9 | 8 | 11.1 | 25.0 | 157 | 158 | -0.6 |
| Proposals | 3 | 5 | 5 | -40.0 | -40.0 | 61 | 79 | -22.8 |
| Retail Trade | 50 | 32 | 44 | 56.3 | 13.6 | 498 | 512 | -2.7 |
| Bankruptcies | 39 | 29 | 33 | 34.5 | 18.2 | 383 | 396 | -3.3 |
| Proposals | 11 | 3 | 11 | 266.7 | 0.0 | 115 | 116 | -0.9 |
| Transportation and Warehousing | 17 | 12 | 17 | 41.7 | 0.0 | 260 | 230 | 13.0 |
| Bankruptcies | 12 | 7 | 16 | 71.4 | -25.0 | 163 | 184 | -11.4 |
| Proposals | 5 | 5 | 1 | 0.0 | 400.0 | 97 | 46 | 110.9 |
| Information and Cultural Industries | 5 | 3 | 7 | 66.7 | -28.6 | 74 | 60 | 23.3 |
| Bankruptcies | 4 | 2 | 6 | 100.0 | -33.3 | 51 | 42 | 21.4 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 23 | 18 | 27.8 |
| Finance and Insurance | 5 | 3 | 6 | 66.7 | -16.7 | 82 | 72 | 13.9 |
| Bankruptcies | 3 | 3 | 5 | 0.0 | -40.0 | 61 | 52 | 17.3 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 21 | 20 | 5.0 |
| Real Estate and Rental and Leasing | 11 | 11 | 6 | 0.0 | 83.3 | 130 | 150 | -13.3 |
| Bankruptcies | 10 | 8 | 5 | 25.0 | 100.0 | 106 | 110 | -3.6 |
| Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 24 | 40 | -40.0 |
| Professional, Scientific and Technical Services | 24 | 25 | 23 | -4.0 | 4.3 | 312 | 290 | 7.6 |
| Bankruptcies | 14 | 17 | 19 | -17.6 | -26.3 | 243 | 222 | 9.5 |
| Proposals | 10 | 8 | 4 | 25.0 | 150.0 | 69 | 68 | 1.5 |
| Management of Companies and Enterprises | 6 | 1 | 4 | 500.0 | 50.0 | 59 | 56 | 5.4 |
| Bankruptcies | 5 | 1 | 3 | 400.0 | 66.7 | 41 | 42 | -2.4 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 18 | 14 | 28.6 |
| Administrative and Support, Waste Management and Remediation Services | 13 | 13 | 17 | 0.0 | -23.5 | 209 | 203 | 3.0 |
| Bankruptcies | 11 | 9 | 15 | 22.2 | -26.7 | 155 | 148 | 4.7 |
| Proposals | 2 | 4 | 2 | -50.0 | 0.0 | 54 | 55 | -1.8 |
| Educational Services | 4 | 2 | 3 | 100.0 | 33.3 | 37 | 49 | -24.5 |
| Bankruptcies | 2 | 2 | 1 | 0.0 | 100.0 | 32 | 41 | -22.0 |
| Proposals | 2 | 0 | 2 | -- | 0.0 | 5 | 8 | -37.5 |
| Health Care and Social Assistance | 11 | 6 | 6 | 83.3 | 83.3 | 102 | 81 | 25.9 |
| Bankruptcies | 11 | 4 | 5 | 175.0 | 120.0 | 73 | 60 | 21.7 |
| Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 29 | 21 | 38.1 |
| Arts, Entertainment and Recreation | 2 | 5 | 8 | -60.0 | -75.0 | 74 | 78 | -5.1 |
| Bankruptcies | 0 | 4 | 7 | -100.0 | -100.0 | 52 | 67 | -22.4 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 22 | 11 | 100.0 |
| Accommodation and Food Services | 47 | 48 | 47 | -2.1 | 0.0 | 677 | 642 | 5.5 |
| Bankruptcies | 35 | 40 | 39 | -12.5 | -10.3 | 544 | 465 | 17.0 |
| Proposals | 12 | 8 | 8 | 50.0 | 50.0 | 133 | 177 | -24.9 |
| Other Services (except Public Administration) | 21 | 13 | 19 | 61.5 | 10.5 | 205 | 232 | -11.6 |
| Bankruptcies | 17 | 12 | 18 | 41.7 | -5.6 | 161 | 189 | -14.8 |
| Proposals | 4 | 1 | 1 | 300.0 | 300.0 | 44 | 43 | 2.3 |
| Public Administration | 1 | 1 | 0 | 0.0 | -- | 3 | 1 | 200.0 |
| Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 3 | 1 | 200.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 363 | 260 | 315 | 39.6 | 15.2 | 4,208 | 4,174 | 0.8 |
| Bankruptcies | 272 | 200 | 250 | 36.0 | 8.8 | 3,108 | 3,109 | 0.0 |
| Proposals | 91 | 60 | 65 | 51.7 | 40.0 | 1,100 | 1,065 | 3.3 |