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Insolvency Statistics in Canada—Second Quarter of 2012 – Tables 1–3

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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 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.
Economic Region (ER):
Standard geographic units created for analysis of regional economic activity (Statistics Canada's geographical definitions of ERs).
Census Metropolitan Area (CMA):
Each census metropolitan area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000 (Statistics Canada's geographical definitions of CMAs).
Table 1: Total Insolvencies
  Volume % Change 12-Month Period Ending
Q2 2012 Q1 2012 Q2 2011 Q1 2012 to Q2 2012 Q2 2011 to Q2 2012 06-30-2012 06-30-2011 % Change
Newfoundland and Labrador 503 436 573 15.4 -12.2 1,922 2,282 -15.8
Bankruptcies 451 405 540 11.4 -16.5 1,779 2,147 -17.1
Proposals 52 31 33 67.7 57.6 143 135 5.9
Prince Edward Island 166 147 162 12.9 2.5 606 655 -7.5
Bankruptcies 116 119 141 -2.5 -17.7 464 578 -19.7
Proposals 50 28 21 78.6 138.1 142 77 84.4
Nova Scotia 1,203 1,110 1,179 8.4 2.0 4,516 5,073 -11.0
Bankruptcies 940 853 974 10.2 -3.5 3,487 4,080 -14.5
Proposals 263 257 205 2.3 28.3 1,029 993 3.6
New Brunswick 1,033 1,016 977 1.7 5.7 3,846 3,629 6.0
Bankruptcies 813 768 830 5.9 -2.0 2,998 3,036 -1.3
Proposals 220 248 147 -11.3 49.7 848 593 43.0
Quebec 9,692 9,847 9,788 -1.6 -1.0 37,728 39,052 -3.4
Bankruptcies 6,721 6,716 7,126 0.1 -5.7 26,450 28,623 -7.6
Proposals 2,971 3,131 2,662 -5.1 11.6 11,278 10,429 8.1
Ontario 13,070 12,356 13,744 5.8 -4.9 50,603 55,411 -8.7
Bankruptcies 6,522 5,959 7,180 9.4 -9.2 25,539 30,104 -15.2
Proposals 6,548 6,397 6,564 2.4 -0.2 25,064 25,307 -1.0
Manitoba 514 479 564 7.3 -8.9 2,058 2,499 -17.6
Bankruptcies 342 316 409 8.2 -16.4 1,403 1,820 -22.9
Proposals 172 163 155 5.5 11.0 655 679 -3.5
Saskatchewan 488 522 587 -6.5 -16.9 2,033 2,353 -13.6
Bankruptcies 288 293 364 -1.7 -20.9 1,221 1,491 -18.1
Proposals 200 229 223 -12.7 -10.3 812 862 -5.8
Alberta 2,485 2,565 2,746 -3.1 -9.5 9,988 10,874 -8.1
Bankruptcies 1,592 1,682 1,961 -5.4 -18.8 6,634 7,970 -16.8
Proposals 893 883 785 1.1 13.8 3,354 2,904 15.5
British Columbia 3,214 3,103 3,007 3.6 6.9 12,162 12,375 -1.7
Bankruptcies 2,115 1,993 2,109 6.1 0.3 7,982 9,106 -12.3
Proposals 1,099 1,110 898 -1.0 22.4 4,180 3,269 27.9
Northwest Territories 9 18 12 -50.0 -25.0 47 43 9.3
Bankruptcies 5 10 8 -50.0 -37.5 32 26 23.1
Proposals 4 8 4 -50.0 0.0 15 17 -11.8
Yukon 6 5 8 20.0 -25.0 30 41 -26.8
Bankruptcies 5 4 8 25.0 -37.5 25 37 -32.4
Proposals 1 1 0 0.0 -- 5 4 25.0
Nunavut 0 1 3 -100.0 -100.0 3 8 -62.5
Bankruptcies 0 0 3 -- -100.0 1 8 -87.5
Proposals 0 1 0 -100.0 -- 2 0 --
Canada 32,383 31,605 33,350 2.5 -2.9 125,542 134,295 -6.5
Bankruptcies 19,910 19,118 21,653 4.1 -8.0 78,015 89,026 -12.4
Proposals 12,473 12,487 11,697 -0.1 6.6 47,527 45,269 5.0
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Table 2: Insolvencies Filed by Consumers
  Volume % Change 12-Month Period Ending
Q2 2012 Q1 2012 Q2 2011 Q1 2012 to Q2 2012 Q2 2011 to Q2 2012 06-30-2012 06-30-2011 % Change
Newfoundland and Labrador 502 429 566 17.0 -11.3 1,905 2,254 -15.5
Bankruptcies 450 398 533 13.1 -15.6 1,764 2,121 -16.8
Proposals 52 31 33 67.7 57.6 141 133 6.0
Prince Edward Island 163 137 158 19.0 3.2 583 634 -8.0
Bankruptcies 114 112 139 1.8 -18.0 445 565 -21.2
Proposals 49 25 19 96.0 157.9 138 69 100.0
Nova Scotia 1,179 1,084 1,146 8.8 2.9 4,427 4,913 -9.9
Bankruptcies 918 832 947 10.3 -3.1 3,412 3,945 -13.5
Proposals 261 252 199 3.6 31.2 1,015 968 4.9
New Brunswick 1,015 998 957 1.7 6.1 3,783 3,562 6.2
Bankruptcies 800 752 814 6.4 -1.7 2,949 2,983 -1.1
Proposals 215 246 143 -12.6 50.3 834 579 44.0
Quebec 9,161 9,326 9,216 -1.8 -0.6 35,671 36,965 -3.5
Bankruptcies 6,328 6,343 6,703 -0.2 -5.6 24,948 27,063 -7.8
Proposals 2,833 2,983 2,513 -5.0 12.7 10,723 9,902 8.3
Ontario 12,731 11,969 13,320 6.4 -4.4 49,117 53,718 -8.6
Bankruptcies 6,275 5,659 6,839 10.9 -8.2 24,396 28,753 -15.2
Proposals 6,456 6,310 6,481 2.3 -0.4 24,721 24,965 -1.0
Manitoba 505 462 553 9.3 -8.7 1,990 2,434 -18.2
Bankruptcies 337 305 400 10.5 -15.8 1,350 1,770 -23.7
Proposals 168 157 153 7.0 9.8 640 664 -3.6
Saskatchewan 452 483 552 -6.4 -18.1 1,887 2,205 -14.4
Bankruptcies 264 265 339 -0.4 -22.1 1,118 1,394 -19.8
Proposals 188 218 213 -13.8 -11.7 769 811 -5.2
Alberta 2,394 2,477 2,663 -3.4 -10.1 9,641 10,486 -8.1
Bankruptcies 1,522 1,618 1,906 -5.9 -20.1 6,369 7,659 -16.8
Proposals 872 859 757 1.5 15.2 3,272 2,827 15.7
British Columbia 3,160 3,024 2,939 4.5 7.5 11,909 12,133 -1.8
Bankruptcies 2,070 1,937 2,057 6.9 0.6 7,786 8,912 -12.6
Proposals 1,090 1,087 882 0.3 23.6 4,123 3,221 28.0
Northwest Territories 8 18 12 -55.6 -33.3 46 40 15.0
Bankruptcies 5 10 8 -50.0 -37.5 32 26 23.1
Proposals 3 8 4 -62.5 -25.0 14 14 0.0
Yukon 5 5 8 0.0 -37.5 28 40 -30.0
Bankruptcies 4 4 8 0.0 -50.0 23 37 -37.8
Proposals 1 1 0 0.0 -- 5 3 66.7
Nunavut 0 1 3 -100.0 -100.0 3 8 -62.5
Bankruptcies 0 0 3 -- -100.0 1 8 -87.5
Proposals 0 1 0 -100.0 -- 2 0 --
Canada 31,275 30,413 32,093 2.8 -2.5 120,990 129,392 -6.5
Bankruptcies 19,087 18,235 20,696 4.7 -7.8 74,593 85,236 -12.5
Proposals 12,188 12,178 11,397 0.1 6.9 46,397 44,156 5.1
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Table 3: Insolvencies Filed by Businesses
  Volume % Change 12-Month Period Ending
Q2 2012 Q1 2012 Q2 2011 Q1 2012 to Q2 2012 Q2 2011 to Q2 2012 06-30-2012 06-30-2011 % Change
Newfoundland and Labrador 1 7 7 -85.7 -85.7 17 28 -39.3
Bankruptcies 1 7 7 -85.7 -85.7 15 26 -42.3
Proposals 0 0 0 -- -- 2 2 0.0
Prince Edward Island 3 10 4 -70.0 -25.0 23 21 9.5
Bankruptcies 2 7 2 -71.4 0.0 19 13 46.2
Proposals 1 3 2 -66.7 -50.0 4 8 -50.0
Nova Scotia 24 26 33 -7.7 -27.3 89 160 -44.4
Bankruptcies 22 21 27 4.8 -18.5 75 135 -44.4
Proposals 2 5 6 -60.0 -66.7 14 25 -44.0
New Brunswick 18 18 20 0.0 -10.0 63 67 -6.0
Bankruptcies 13 16 16 -18.8 -18.8 49 53 -7.5
Proposals 5 2 4 150.0 25.0 14 14 0.0
Quebec 531 521 572 1.9 -7.2 2,057 2,087 -1.4
Bankruptcies 393 373 423 5.4 -7.1 1,502 1,560 -3.7
Proposals 138 148 149 -6.8 -7.4 555 527 5.3
Ontario 339 387 424 -12.4 -20.0 1,486 1,693 -12.2
Bankruptcies 247 300 341 -17.7 -27.6 1,143 1,351 -15.4
Proposals 92 87 83 5.7 10.8 343 342 0.3
Manitoba 9 17 11 -47.1 -18.2 68 65 4.6
Bankruptcies 5 11 9 -54.5 -44.4 53 50 6.0
Proposals 4 6 2 -33.3 100.0 15 15 0.0
Saskatchewan 36 39 35 -7.7 2.9 146 148 -1.4
Bankruptcies 24 28 25 -14.3 -4.0 103 97 6.2
Proposals 12 11 10 9.1 20.0 43 51 -15.7
Alberta 91 88 83 3.4 9.6 347 388 -10.6
Bankruptcies 70 64 55 9.4 27.3 265 311 -14.8
Proposals 21 24 28 -12.5 -25.0 82 77 6.5
British Columbia 54 79 68 -31.6 -20.6 253 242 4.5
Bankruptcies 45 56 52 -19.6 -13.5 196 194 1.0
Proposals 9 23 16 -60.9 -43.8 57 48 18.8
Northwest Territories 1 0 0 -- -- 1 3 -66.7
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 1 0 0 -- -- 1 3 -66.7
Yukon 1 0 0 -- -- 2 1 100.0
Bankruptcies 1 0 0 -- -- 2 0 --
Proposals 0 0 0 -- -- 0 1 -100.0
Nunavut 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Canada 1,108 1,192 1,257 -7.0 -11.9 4,552 4,903 -7.2
Bankruptcies 823 883 957 -6.8 -14.0 3,422 3,790 -9.7
Proposals 285 309 300 -7.8 -5.0 1,130 1,113 1.5
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