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Insolvency Statistics in Canada
December 2015
735 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 annualstatistics can be more indicative of the evolution of insolvency volumes.
Definitions
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumergoods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individualwho 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 inbankruptcy or against whom a bankruptcy order has been made.
- Proposal:
- An offer to creditors to settle debts under conditions other than the existingterms. 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 | |||||
|---|---|---|---|---|---|---|---|---|
| December 2015 | November 2015 | December 2014 | Nov. 2015 to Dec. 2015 | Dec. 2014 to Dec. 2015 | 12-31-2015 | 12-31-2014 | % Change | |
| Newfoundland and Labrador | 120 | 161 | 92 | -25.5 | 30.4 | 1,849 | 1,575 | 17.4 |
| Bankruptcies | 104 | 110 | 74 | -5.5 | 40.5 | 1,519 | 1,375 | 10.5 |
| Proposals | 16 | 51 | 18 | -68.6 | -11.1 | 330 | 200 | 65.0 |
| Prince Edward Island | 59 | 81 | 55 | -27.2 | 7.3 | 822 | 739 | 11.2 |
| Bankruptcies | 36 | 58 | 27 | -37.9 | 33.3 | 531 | 515 | 3.1 |
| Proposals | 23 | 23 | 28 | 0.0 | -17.9 | 291 | 224 | 29.9 |
| Nova Scotia | 414 | 456 | 416 | -9.2 | -0.5 | 5,325 | 5,304 | 0.4 |
| Bankruptcies | 286 | 313 | 299 | -8.6 | -4.3 | 3,717 | 3,778 | -1.6 |
| Proposals | 128 | 143 | 117 | -10.5 | 9.4 | 1,608 | 1,526 | 5.4 |
| New Brunswick | 324 | 346 | 357 | -6.4 | -9.2 | 4,411 | 4,395 | 0.4 |
| Bankruptcies | 213 | 221 | 254 | -3.6 | -16.1 | 2,873 | 3,089 | -7.0 |
| Proposals | 111 | 125 | 103 | -11.2 | 7.8 | 1,538 | 1,306 | 17.8 |
| Quebec | 3,337 | 3,793 | 3,276 | -12.0 | 1.9 | 45,942 | 43,891 | 4.7 |
| Bankruptcies | 2,008 | 2,135 | 1,871 | -5.9 | 7.3 | 26,223 | 26,137 | 0.3 |
| Proposals | 1,329 | 1,658 | 1,405 | -19.8 | -5.4 | 19,719 | 17,754 | 11.1 |
| Ontario | 3,422 | 3,277 | 3,250 | 4.4 | 5.3 | 41,076 | 42,198 | -2.7 |
| Bankruptcies | 1,626 | 1,493 | 1,703 | 8.9 | -4.5 | 18,842 | 20,069 | -6.1 |
| Proposals | 1,796 | 1,784 | 1,547 | 0.7 | 16.1 | 22,234 | 22,129 | 0.5 |
| Manitoba | 175 | 199 | 179 | -12.1 | -2.2 | 2,136 | 1,948 | 9.7 |
| Bankruptcies | 98 | 104 | 128 | -5.8 | -23.4 | 1,290 | 1,248 | 3.4 |
| Proposals | 77 | 95 | 51 | -18.9 | 51.0 | 846 | 700 | 20.9 |
| Saskatchewan | 219 | 195 | 169 | 12.3 | 29.6 | 2,317 | 2,062 | 12.4 |
| Bankruptcies | 131 | 114 | 99 | 14.9 | 32.3 | 1,240 | 1,182 | 4.9 |
| Proposals | 88 | 81 | 70 | 8.6 | 25.7 | 1,077 | 880 | 22.4 |
| Alberta | 830 | 918 | 666 | -9.6 | 24.6 | 9,944 | 8,422 | 18.1 |
| Bankruptcies | 383 | 370 | 271 | 3.5 | 41.3 | 4,375 | 3,964 | 10.4 |
| Proposals | 447 | 548 | 395 | -18.4 | 13.2 | 5,569 | 4,458 | 24.9 |
| British Columbia | 931 | 980 | 891 | -5.0 | 4.5 | 11,802 | 11,639 | 1.4 |
| Bankruptcies | 418 | 482 | 488 | -13.3 | -14.3 | 5,837 | 6,545 | -10.8 |
| Proposals | 513 | 498 | 403 | 3.0 | 27.3 | 5,965 | 5,094 | 17.1 |
| Northwest Territories | 10 | 8 | 7 | 25.0 | 42.9 | 52 | 49 | 6.1 |
| Bankruptcies | 4 | 5 | 5 | -20.0 | -20.0 | 28 | 26 | 7.7 |
| Proposals | 6 | 3 | 2 | 100.0 | 200.0 | 24 | 23 | 4.3 |
| Yukon | 3 | 1 | 4 | 200.0 | -25.0 | 35 | 40 | -12.5 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 18 | 22 | -18.2 |
| Proposals | 2 | 0 | 3 | -- | -33.3 | 17 | 18 | -5.6 |
| Nunavut | 0 | 2 | 1 | -100.0 | -100.0 | 5 | 7 | -28.6 |
| Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 5 | -60.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 3 | 2 | 50.0 |
| Canada | 9,844 | 10,417 | 9,363 | -5.5 | 5.1 | 125,716 | 122,269 | 2.8 |
| Bankruptcies | 5,308 | 5,407 | 5,221 | -1.8 | 1.7 | 66,495 | 67,955 | -2.1 |
| Proposals | 4,536 | 5,010 | 4,142 | -9.5 | 9.5 | 59,221 | 54,314 | 9.0 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| December 2015 | November 2015 | December 2014 | Nov. 2015 to Dec. 2015 | Dec. 2014 to Dec. 2015 | 12-31-2015 | 12-31-2014 | % Change | |
| Newfoundland and Labrador | 119 | 156 | 90 | -23.7 | 32.2 | 1,822 | 1,545 | 17.9 |
| Bankruptcies | 104 | 106 | 72 | -1.9 | 44.4 | 1,498 | 1,348 | 11.1 |
| Proposals | 15 | 50 | 18 | -70.0 | -16.7 | 324 | 197 | 64.5 |
| Prince Edward Island | 59 | 80 | 53 | -26.3 | 11.3 | 806 | 721 | 11.8 |
| Bankruptcies | 36 | 57 | 25 | -36.8 | 44.0 | 519 | 502 | 3.4 |
| Proposals | 23 | 23 | 28 | 0.0 | -17.9 | 287 | 219 | 31.1 |
| Nova Scotia | 408 | 449 | 409 | -9.1 | -0.2 | 5,232 | 5,227 | 0.1 |
| Bankruptcies | 280 | 306 | 294 | -8.5 | -4.8 | 3,648 | 3,726 | -2.1 |
| Proposals | 128 | 143 | 115 | -10.5 | 11.3 | 1,584 | 1,501 | 5.5 |
| New Brunswick | 313 | 343 | 349 | -8.7 | -10.3 | 4,331 | 4,308 | 0.5 |
| Bankruptcies | 202 | 218 | 247 | -7.3 | -18.2 | 2,814 | 3,021 | -6.9 |
| Proposals | 111 | 125 | 102 | -11.2 | 8.8 | 1,517 | 1,287 | 17.9 |
| Quebec | 3,133 | 3,600 | 3,055 | -13.0 | 2.6 | 43,705 | 41,554 | 5.2 |
| Bankruptcies | 1,853 | 1,979 | 1,742 | -6.4 | 6.4 | 24,539 | 24,447 | 0.4 |
| Proposals | 1,280 | 1,621 | 1,313 | -21.0 | -2.5 | 19,166 | 17,107 | 12.0 |
| Ontario | 3,335 | 3,188 | 3,169 | 4.6 | 5.2 | 39,935 | 41,108 | -2.9 |
| Bankruptcies | 1,557 | 1,418 | 1,645 | 9.8 | -5.3 | 17,958 | 19,234 | -6.6 |
| Proposals | 1,778 | 1,770 | 1,524 | 0.5 | 16.7 | 21,977 | 21,874 | 0.5 |
| Manitoba | 170 | 197 | 175 | -13.7 | -2.9 | 2,098 | 1,891 | 10.9 |
| Bankruptcies | 94 | 102 | 125 | -7.8 | -24.8 | 1,264 | 1,200 | 5.3 |
| Proposals | 76 | 95 | 50 | -20.0 | 52.0 | 834 | 691 | 20.7 |
| Saskatchewan | 214 | 181 | 159 | 18.2 | 34.6 | 2,198 | 1,938 | 13.4 |
| Bankruptcies | 127 | 102 | 91 | 24.5 | 39.6 | 1,155 | 1,105 | 4.5 |
| Proposals | 87 | 79 | 68 | 10.1 | 27.9 | 1,043 | 833 | 25.2 |
| Alberta | 821 | 906 | 654 | -9.4 | 25.5 | 9,810 | 8,281 | 18.5 |
| Bankruptcies | 375 | 362 | 262 | 3.6 | 43.1 | 4,280 | 3,859 | 10.9 |
| Proposals | 446 | 544 | 392 | -18.0 | 13.8 | 5,530 | 4,422 | 25.1 |
| British Columbia | 915 | 948 | 866 | -3.5 | 5.7 | 11,580 | 11,383 | 1.7 |
| Bankruptcies | 403 | 467 | 470 | -13.7 | -14.3 | 5,683 | 6,345 | -10.4 |
| Proposals | 512 | 481 | 396 | 6.4 | 29.3 | 5,897 | 5,038 | 17.1 |
| Northwest Territories | 10 | 8 | 7 | 25.0 | 42.9 | 52 | 49 | 6.1 |
| Bankruptcies | 4 | 5 | 5 | -20.0 | -20.0 | 28 | 26 | 7.7 |
| Proposals | 6 | 3 | 2 | 100.0 | 200.0 | 24 | 23 | 4.3 |
| Yukon | 3 | 1 | 3 | 200.0 | 0.0 | 35 | 39 | -10.3 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 18 | 22 | -18.2 |
| Proposals | 2 | 0 | 2 | -- | 0.0 | 17 | 17 | 0.0 |
| Nunavut | 0 | 2 | 1 | -100.0 | -100.0 | 5 | 6 | -16.7 |
| Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 4 | -50.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 3 | 2 | 50.0 |
| Canada | 9,500 | 10,059 | 8,990 | -5.6 | 5.7 | 121,609 | 118,050 | 3.0 |
| Bankruptcies | 5,036 | 5,124 | 4,980 | -1.7 | 1.1 | 63,406 | 64,839 | -2.2 |
| Proposals | 4,464 | 4,935 | 4,010 | -9.5 | 11.3 | 58,203 | 53,211 | 9.4 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| December 2015 | November 2015 | December 2014 | Nov. 2015 to Dec. 2015 | Dec. 2014 to Dec. 2015 | 12-31-2015 | 12-31-2014 | % Change | |
| Newfoundland and Labrador | 1 | 5 | 2 | -80.0 | -50.0 | 27 | 30 | -10.0 |
| Bankruptcies | 0 | 4 | 2 | -100.0 | -100.0 | 21 | 27 | -22.2 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 6 | 3 | 100.0 |
| Prince Edward Island | 0 | 1 | 2 | -100.0 | -100.0 | 16 | 18 | -11.1 |
| Bankruptcies | 0 | 1 | 2 | -100.0 | -100.0 | 12 | 13 | -7.7 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 5 | -20.0 |
| Nova Scotia | 6 | 7 | 7 | -14.3 | -14.3 | 93 | 77 | 20.8 |
| Bankruptcies | 6 | 7 | 5 | -14.3 | 20.0 | 69 | 52 | 32.7 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 24 | 25 | -4.0 |
| New Brunswick | 11 | 3 | 8 | 266.7 | 37.5 | 80 | 87 | -8.0 |
| Bankruptcies | 11 | 3 | 7 | 266.7 | 57.1 | 59 | 68 | -13.2 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 21 | 19 | 10.5 |
| Quebec | 204 | 193 | 221 | 5.7 | -7.7 | 2,237 | 2,337 | -4.3 |
| Bankruptcies | 155 | 156 | 129 | -0.6 | 20.2 | 1,684 | 1,690 | -0.4 |
| Proposals | 49 | 37 | 92 | 32.4 | -46.7 | 553 | 647 | -14.5 |
| Ontario | 87 | 89 | 81 | -2.2 | 7.4 | 1,141 | 1,090 | 4.7 |
| Bankruptcies | 69 | 75 | 58 | -8.0 | 19.0 | 884 | 835 | 5.9 |
| Proposals | 18 | 14 | 23 | 28.6 | -21.7 | 257 | 255 | 0.8 |
| Manitoba | 5 | 2 | 4 | 150.0 | 25.0 | 38 | 57 | -33.3 |
| Bankruptcies | 4 | 2 | 3 | 100.0 | 33.3 | 26 | 48 | -45.8 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 12 | 9 | 33.3 |
| Saskatchewan | 5 | 14 | 10 | -64.3 | -50.0 | 119 | 124 | -4.0 |
| Bankruptcies | 4 | 12 | 8 | -66.7 | -50.0 | 85 | 77 | 10.4 |
| Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 34 | 47 | -27.7 |
| Alberta | 9 | 12 | 12 | -25.0 | -25.0 | 134 | 141 | -5.0 |
| Bankruptcies | 8 | 8 | 9 | 0.0 | -11.1 | 95 | 105 | -9.5 |
| Proposals | 1 | 4 | 3 | -75.0 | -66.7 | 39 | 36 | 8.3 |
| British Columbia | 16 | 32 | 25 | -50.0 | -36.0 | 222 | 256 | -13.3 |
| Bankruptcies | 15 | 15 | 18 | 0.0 | -16.7 | 154 | 200 | -23.0 |
| Proposals | 1 | 17 | 7 | -94.1 | -85.7 | 68 | 56 | 21.4 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 344 | 358 | 373 | -3.9 | -7.8 | 4,107 | 4,219 | -2.7 |
| Bankruptcies | 272 | 283 | 241 | -3.9 | 12.9 | 3,089 | 3,116 | -0.9 |
| Proposals | 72 | 75 | 132 | -4.0 | -45.5 | 1,018 | 1,103 | -7.7 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| December 2015 | November 2015 | December 2014 | Nov. 2015 to Dec. 2015 | Dec. 2014 to Dec. 2015 | 12-31-2015 | 12-31-2014 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 5 | 5 | 6 | 0.0 | -16.7 | 84 | 88 | -4.5 |
| Bankruptcies | 4 | 5 | 2 | -20.0 | 100.0 | 43 | 60 | -28.3 |
| Proposals | 1 | 0 | 4 | -- | -75.0 | 41 | 28 | 46.4 |
| Mining and Oil and Gas Extraction | 6 | 5 | 3 | 20.0 | 100.0 | 44 | 40 | 10.0 |
| Bankruptcies | 6 | 4 | 1 | 50.0 | 500.0 | 31 | 20 | 55.0 |
| Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 13 | 20 | -35.0 |
| Utilities | 1 | 1 | 2 | 0.0 | -50.0 | 13 | 13 | 0.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 10 | 9 | 11.1 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 3 | 4 | -25.0 |
| Construction | 56 | 71 | 55 | -21.1 | 1.8 | 775 | 719 | 7.8 |
| Bankruptcies | 47 | 54 | 42 | -13.0 | 11.9 | 572 | 530 | 7.9 |
| Proposals | 9 | 17 | 13 | -47.1 | -30.8 | 203 | 189 | 7.4 |
| Manufacturing | 34 | 32 | 34 | 6.3 | 0.0 | 380 | 386 | -1.6 |
| Bankruptcies | 25 | 23 | 28 | 8.7 | -10.7 | 267 | 276 | -3.3 |
| Proposals | 9 | 9 | 6 | 0.0 | 50.0 | 113 | 110 | 2.7 |
| Wholesale Trade | 18 | 16 | 27 | 12.5 | -33.3 | 208 | 226 | -8.0 |
| Bankruptcies | 14 | 13 | 20 | 7.7 | -30.0 | 154 | 155 | -0.6 |
| Proposals | 4 | 3 | 7 | 33.3 | -42.9 | 54 | 71 | -23.9 |
| Retail Trade | 44 | 42 | 33 | 4.8 | 33.3 | 502 | 498 | 0.8 |
| Bankruptcies | 33 | 33 | 24 | 0.0 | 37.5 | 385 | 376 | 2.4 |
| Proposals | 11 | 9 | 9 | 22.2 | 22.2 | 117 | 122 | -4.1 |
| Transportation and Warehousing | 14 | 21 | 46 | -33.3 | -69.6 | 219 | 273 | -19.8 |
| Bankruptcies | 11 | 16 | 9 | -31.3 | 22.2 | 159 | 185 | -14.1 |
| Proposals | 3 | 5 | 37 | -40.0 | -91.9 | 60 | 88 | -31.8 |
| Information and Cultural Industries | 8 | 7 | 5 | 14.3 | 60.0 | 72 | 71 | 1.4 |
| Bankruptcies | 7 | 5 | 4 | 40.0 | 75.0 | 54 | 50 | 8.0 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 18 | 21 | -14.3 |
| Finance and Insurance | 6 | 7 | 8 | -14.3 | -25.0 | 74 | 80 | -7.5 |
| Bankruptcies | 6 | 6 | 8 | 0.0 | -25.0 | 55 | 64 | -14.1 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 19 | 16 | 18.8 |
| Real Estate and Rental and Leasing | 13 | 17 | 7 | -23.5 | 85.7 | 141 | 134 | 5.2 |
| Bankruptcies | 10 | 12 | 6 | -16.7 | 66.7 | 114 | 101 | 12.9 |
| Proposals | 3 | 5 | 1 | -40.0 | 200.0 | 27 | 33 | -18.2 |
| Professional, Scientific and Technical Services | 22 | 24 | 31 | -8.3 | -29.0 | 287 | 308 | -6.8 |
| Bankruptcies | 15 | 21 | 25 | -28.6 | -40.0 | 224 | 242 | -7.4 |
| Proposals | 7 | 3 | 6 | 133.3 | 16.7 | 63 | 66 | -4.5 |
| Management of Companies and Enterprises | 6 | 5 | 7 | 20.0 | -14.3 | 57 | 59 | -3.4 |
| Bankruptcies | 4 | 5 | 5 | -20.0 | -20.0 | 40 | 47 | -14.9 |
| Proposals | 2 | 0 | 2 | -- | 0.0 | 17 | 12 | 41.7 |
| Administrative and Support, Waste Management and Remediation Services | 17 | 21 | 26 | -19.0 | -34.6 | 196 | 223 | -12.1 |
| Bankruptcies | 12 | 14 | 12 | -14.3 | 0.0 | 148 | 157 | -5.7 |
| Proposals | 5 | 7 | 14 | -28.6 | -64.3 | 48 | 66 | -27.3 |
| Educational Services | 5 | 3 | 3 | 66.7 | 66.7 | 37 | 52 | -28.8 |
| Bankruptcies | 4 | 2 | 2 | 100.0 | 100.0 | 30 | 44 | -31.8 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 7 | 8 | -12.5 |
| Health Care and Social Assistance | 2 | 6 | 10 | -66.7 | -80.0 | 75 | 99 | -24.2 |
| Bankruptcies | 2 | 5 | 5 | -60.0 | -60.0 | 56 | 73 | -23.3 |
| Proposals | 0 | 1 | 5 | -100.0 | -100.0 | 19 | 26 | -26.9 |
| Arts, Entertainment and Recreation | 3 | 8 | 5 | -62.5 | -40.0 | 71 | 84 | -15.5 |
| Bankruptcies | 1 | 8 | 4 | -87.5 | -75.0 | 52 | 68 | -23.5 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 19 | 16 | 18.8 |
| Accommodation and Food Services | 67 | 54 | 49 | 24.1 | 36.7 | 658 | 660 | -0.3 |
| Bankruptcies | 58 | 45 | 34 | 28.9 | 70.6 | 526 | 493 | 6.7 |
| Proposals | 9 | 9 | 15 | 0.0 | -40.0 | 132 | 167 | -21.0 |
| Other Services (except Public Administration) | 17 | 13 | 16 | 30.8 | 6.3 | 210 | 205 | 2.4 |
| Bankruptcies | 13 | 11 | 10 | 18.2 | 30.0 | 165 | 165 | 0.0 |
| Proposals | 4 | 2 | 6 | 100.0 | -33.3 | 45 | 40 | 12.5 |
| Public Administration | 0 | 0 | 0 | -- | -- | 4 | 1 | 300.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 1 | 300.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 344 | 358 | 373 | -3.9 | -7.8 | 4,107 | 4,219 | -2.7 |
| Bankruptcies | 272 | 283 | 241 | -3.9 | 12.9 | 3,089 | 3,116 | -0.9 |
| Proposals | 72 | 75 | 132 | -4.0 | -45.5 | 1,018 | 1,103 | -7.7 |