CCAA Statistics in Canada—Second Quarter of 2012

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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
Empty Cell Volume +/-
Change		 12-Month Period Ending
Q2 2012 Q1 2012 Q2 2011 Q1 2012 -
Q2 2012		 Q2 2011 -
Q2 2012		 06-30-2012 06-30-2011 +/-
Change

Footnotes

Footnote 1

Proceedings filed are counted according to the date when Form 1, Information Pertaining to the Initial Order, was filed with the OSB.

Return to footnote 1 referrer

Footnote 2

Deemed trust and contingent liabilities are not included in Total Liabilities.

Return to footnote 2 referrer
Total Domestic Proceedings FiledFootnote 1 11 14 7 -3 4 50 20 30
Filing Affiliates 98 107 39 -9 59 302 77 225
Filed by Publicly-Traded Companies 3 6 0 -3 3 17 2 15
Filed by Privately-Held Companies 8 8 7 0 1 33 18 15
Total Liabilities—
Book Value ($millions)Footnote 2		 $3,099.474 $2,580.675 $454.694 $518.799 $2,644.779 $13,333.773 $1,584.827 $11,748.946
% of Secured Liabilities 52.96% 41.22% 26.02%     67.30% 25.10%  
% of Unsecured Liabilities 47.04% 58.78% 73.98%     32.70% 74.90%  
Total Assets— Book Value ($millions).Footnote 2 $4,452.146 $2,746.563 $246.865 $1,705.583 $4,205.280 $12,992.630 $1,057.446 $11,935.184
Table 2: Total CCAA Proceedings—Cross-Border
Empty Cell Volume +/-
Change		 12-Month Period Ending
Q2 2012 Q1 2012 Q2 2011 Q1 2012 -
Q2 2012		 Q2 2011 -
Q2 2012		 06-30-2012 06-30-2011 +/-
Change

Footnotes

Footnote 3

Proceedings filed are counted according to the date when Form 1, Information Pertaining to the Initial Order, was filed with the OSB.

Return to footnote 3 referrer

Footnote 4

Deemed trust and contingent liabilities are not included in Total Liabilities.

Return to footnote 4 referrer

Footnote 5

Financial information for one of the proceedings filed in Q2 2012 (Allied Research Holdings Inc.) was not reported to the OSB.

Return to footnote 5 referrer

Footnote 6

Financial information for one of the proceedings filed in Q3 2011 (Massachusetts Elephant & Castle Group, Inc.) was not reported to the OSB.

Return to footnote 6 referrer
Total Cross-Border Proceedings FiledFootnote 3 3 0 1 3 2 5 6 -1
Foreign Main Proceedings 3 0 1 3 2 5 6 -1
Foreign Non-Main Proceedings 0 0 0 0 0 0 0 0
Total Liabilities—
Book Value ($millions)Footnote 4		 $2,779.659Footnote 5 $0.000 $2.694 $2,779.659 $2,776.965 $2,853.884Footnote 6 $22,933.368 -$20,079.484
Total Assets—
Book Value ($millions)		 $4,693.821Footnote 5 $0.000 $10.263 $4,693.821 $4,683.558 $4,713.158Footnote 6 $25,551.230 -$20,838.071
Table 3: Total CCAA Proceedings Filed by Province
Empty Cell Volume +/-
Change		 12-Month Period Ending
Q2 2012 Q1 2012 Q2 2011 Q1 2012 -
Q2 2012		 Q2 2011 -
Q2 2012		 06-30-2012 06-30-2011 +/-
Change
Newfoundland and Labrador Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Prince Edward Island Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Nova Scotia Empty Cell 1 Empty Cell -1 Empty Cell 2 1 1
Domestic Empty Cell 1 Empty Cell -1 Empty Cell 2 1 1
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
New Brunswick Empty Cell Empty Cell 1 Empty Cell -1 Empty Cell 1 -1
Domestic Empty Cell Empty Cell 1 Empty Cell -1 Empty Cell 1 -1
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Quebec 1 2 1 -1 Empty Cell 9 6 3
Domestic 1 2 1 -1 Empty Cell 9 5 4
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell 1 -1
Ontario 7 7 2 Empty Cell 5 22 6 16
Domestic 4 7 1 -3 3 17 2 15
Cross-Border 3 Empty Cell 1 3 2 5 4 1
Manitoba Empty Cell 1 Empty Cell -1 Empty Cell 1 Empty Cell 1
Domestic Empty Cell 1 Empty Cell -1 Empty Cell 1 Empty Cell 1
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Saskatchewan Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell 1 Empty Cell 1
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell 1 Empty Cell 1
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Alberta 3 1 Empty Cell 2 3 9 3 6
Domestic 3 1 Empty Cell 2 3 9 2 7
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell 1 -1
British Columbia 3 2 4 1 -1 11 9 2
Domestic 3 2 4 1 -1 11 9 2
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Northwest Territories Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Yukon Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Nunavut Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Canada 14 14 8 Empty Cell 6 55 26 29
Domestic 11 14 7 -3 4 50 20 30
Cross-Border 3 Empty Cell 1 3 2 5 6 -1
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 7
Empty Cell Volume +/-
Change		 12-Month Period Ending
Q2 2012 Q1 2012 Q2 2011 Q1 2012 -
Q2 2012		 Q2 2011 -
Q2 2012		 06-30-2012 06-30-2011 +/-
Change

Footnotes

Footnote 7

More than one NAICS code can be reported by debtor companies undergoing CCAA proceedings.

Return to footnote 7 referrer
Agriculture, Forestry, Fishing and Hunting 3 Empty Cell 1 3 2 5 1 4
Domestic 3 Empty Cell 1 3 2 5 1 4
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Mining and Oil and Gas Extraction Empty Cell 1 1 -1 -1 5 3 2
Domestic Empty Cell 1 1 -1 -1 5 2 3
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell 1 -1
Utilities Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Construction 2 Empty Cell Empty Cell 2 2 3 3 Empty Cell
Domestic 2 Empty Cell Empty Cell 2 2 3 3 Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Manufacturing 2 5 3 -3 -1 13 8 5
Domestic 2 5 3 -3 -1 13 8 5
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Wholesale Trade Empty Cell 2 1 -2 -1 3 3 Empty Cell
Domestic Empty Cell 2 1 -2 -1 3 2 1
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell 1 -1
Retail Trade 2 Empty Cell 1 2 1 6 2 4
Domestic 2 Empty Cell 1 2 1 6 2 4
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Transportation and Warehousing 1 2 Empty Cell -1 1 3 2 1
Domestic Empty Cell 2 Empty Cell -2 Empty Cell 2 Empty Cell 2
Cross-Border 1 Empty Cell Empty Cell 1 1 1 2 -1
Information and Cultural Industries 1 Empty Cell Empty Cell 1 1 1 1 Empty Cell
Domestic   Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border 1 Empty Cell Empty Cell 1 1 1 1 Empty Cell
Finance and Insurance 2 2 Empty Cell Empty Cell 2 5 Empty Cell 5
Domestic 2 2 Empty Cell Empty Cell 2 5 Empty Cell 5
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Real Estate, Rental and Leasing Empty Cell 1 1 -1 -1 4 1 3
Domestic Empty Cell 1 1 -1 -1 4 1 3
Cross-Border Empty Cell             Empty Cell
Professional, Scientific and Technical Services 1 Empty Cell Empty Cell 1 1 3 1 2
Domestic Empty Cell Empty Cell Empty Cell   Empty Cell 2 1 1
Cross-Border 1 Empty Cell Empty Cell 1 1 1   1
Management of Companies and Enterprises Empty Cell Empty Cell 2 Empty Cell -2 1 2 -1
Domestic Empty Cell Empty Cell 2 Empty Cell -2 1 2 -1
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Administrative and Support, Waste Management and Remediation Services Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Educational Services Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Health Care and Social Assistance Empty Cell 1 Empty Cell -1   1 Empty Cell 1
Domestic Empty Cell 1 Empty Cell -1   1 Empty Cell 1
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Arts, Entertainment and Recreation Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell 1 1 Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell 1 1 Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell   Empty Cell
Accommodation and Food Services Empty Cell Empty Cell 1 Empty Cell -1 1 1 Empty Cell
Domestic Empty Cell Empty Cell 1 Empty Cell -1   1 -1
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell 1 Empty Cell 1
Other Services (except Public Administration) Empty Cell Empty Cell 2 Empty Cell -2 1 2 -1
Domestic Empty Cell Empty Cell 1 Empty Cell -1 Empty Cell 1 -1
Cross-Border Empty Cell Empty Cell 1 Empty Cell -1 1 1 Empty Cell
Public Administration Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Domestic Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Cross-Border Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell Empty Cell
Canada 14 14 13 Empty Cell 1 56 31 25
Domestic 11 14 12 -3 -1 51 25 26
Cross-Border 3 Empty Cell 1 3 2 5 6 -1