CCAA Statistics—Fourth 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 $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.
Cross-Border Proceedings:
When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.
North American Industry Classification System (NAICS):
The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
Table 1: Total CCAA Proceedings—Domestic
Type Volume +/−
Change
12-Month Period Ending
Q4 2015 Q3 2015 Q4 2014 Q3 2015 –
Q4 2015
Q4 2014 –
Q4 2015
12-31-2015 12-31-2014 +/−
Change
Total Domestic Proceedings FiledFootnote1 8 4 7 4 1 40 25 15
Filing Affiliates
24 6 16 18 8 81 38 43
Filed by Publicly-Traded Companies
2 0 1 2 1 11 3 8
Filed by Privately-Held Companies
6 4 6 2 0 29 22 7
Total Liabilities—
Book Value ($ millions)Footnote2
$3,079.926 $232.254 $3,456.009 $2,847.672 -$376.083 $20,316.804 $9,219.019 $11,097.785
% of Secured Liabilities
50.78% 57.98% 51.70%     23.60% 37.67%  
% of Unsecured Liabilities
49.22% 42.02% 48.30%     76.40% 62.33%  
Total Assets— Book Value ($ millions) $3,048.876 $252.793 $701.009 $2,796.083 $2,347.867 $23,177.778 $3,913.983 $19,263.795
Table 2: Total CCAA Proceedings—Cross-Border

CCAA Cross-Border Proceedings are no longer included in the report.

Table 3: Total CCAA Proceedings Filed by Province
Province/territory Volume +/−
Change
12-Month Period Ending
Q4 2015 Q3 2015 Q4 2014 Q3 2015 –
Q4 2015
Q4 2014 –
Q4 2015
12-31-2015 12-31-2014 +/−
Change
Newfoundland and Labrador                
Domestic                
Cross-Border                
Prince Edward Island             1 -1
Domestic             1 -1
Cross-Border                
Nova Scotia   1   -1   1   1
Domestic   1   -1   1   1
Cross-Border                
New Brunswick           1   1
Domestic           1   1
Cross-Border                
Quebec 3 2 3 1   11 6 5
Domestic 3 2 3 1   11 6 5
Cross-Border                
Ontario 2   2 2   12 10 2
Domestic 2   2 2   12 10 2
Cross-Border                
Manitoba                
Domestic                
Cross-Border                
Saskatchewan           1   1
Domestic           1   1
Cross-Border                
Alberta 1 1 1     8 3 5
Domestic 1 1 1     8 3 5
Cross-Border                
British Columbia 2   1 2 1 6 5 1
Domestic 2   1 2 1 6 5 1
Cross-Border                
Northwest Territories                
Domestic                
Cross-Border                
Yukon                
Domestic                
Cross-Border                
Nunavut                
Domestic                
Cross-Border                
Canada 8 4 7 4 1 40 25 15
Domestic 8 4 7 4 1 40 25 15
Cross-Border                
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 5
Sector Volume +/−
Change
12-Month Period Ending
Q4 2015 Q3 2015 Q4 2014 Q3 2015
Q4 2015
Q4 2014
Q4 2015
12-31-2015 12-31-2014 +/−
Change
Agriculture, Forestry, Fishing and Hunting   1 1 -1 -1 1 1  
Domestic   1 1 -1 -1 1 1  
Cross-Border                
Mining and Oil and Gas Extraction 2 1 3 1 -1 16 6 10
Domestic 2 1 3 1 -1 16 6 10
Cross-Border                
Utilities                
Domestic                
Cross-Border                
Construction 1     1 1 4 3 1
Domestic 1     1 1 4 3 1
Cross-Border                
Manufacturing 2   1 2 1 5 6 -1
Domestic 2   1 2 1 5 6 -1
Cross-Border                
Wholesale Trade           1   1
Domestic           1   1
Cross-Border                
Retail Trade 1 1     1 4 1 3
Domestic 1 1     1 4 1 3
Cross-Border                
Transportation and Warehousing   1   -1   1   1
Domestic   1   -1   1   1
Cross-Border                
Information and Cultural Industries           1   1
Domestic           1   1
Cross-Border                
Finance and Insurance           2 3 -1
Domestic           2 3 -1
Cross-Border                
Real Estate, Rental and Leasing             2 -2
Domestic             2 -2
Cross-Border                
Professional, Scientific and Technical Services     1   -1 1 2 -1
Domestic     1   -1 1 2 -1
Cross-Border                
Management of Companies and Enterprises                
Domestic                
Cross-Border                
Administrative and Support, Waste Management and Remediation Services           1   1
Domestic           1   1
Cross-Border                
Educational Services                
Domestic                
Cross-Border                
Health Care and Social Assistance 1     1 1 1   1
Domestic 1     1 1 1   1
Cross-Border                
Arts, Entertainment and Recreation 1     1 1 1   1
Domestic 1     1 1 1   1
Cross-Border                
Accommodation and Food Services     1   -1   1 -1
Domestic     1   -1   1 -1
Cross-Border                
Other Services (except Public Administration)           1   1
Domestic           1   1
Cross-Border                
Public Administration                
Domestic                
Cross-Border                
Canada 8 4 7 4 1 40 25 15
Domestic 8 4 7 4 1 40 25 15
Cross-Border                
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