CCAA Statistics in Canada—Fourth Quarter of 2012

Tables

Table 1: Total CCAA Proceedings—Domestic
Table 2: Total CCAA Proceedings—Cross-Border
Table 3: Total CCAA Proceedings Filed by Province
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, Canada

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
	Q4 2012	Q3 2012	Q4 2011	Q3 2012 - Q4 2012	Q4 2011 - Q4 2012	12-31-2012	12-31-2011	+/- Change
	Volume			+/- Change		12-Month Period Ending
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 Filed.^{Footnote 1}	5	9	15	-4	-10	39	40	-1
Filing Affiliates	13	17	76	-4	-63	234	161	73
Filed by Publicly-Traded Companies	2	2	4	0	-2	12	10	2
Filed by Privately-Held Companies	3	7	11	-4	-8	27	30	-3
Total Liabilities— Book Value ($millions)^{Footnote 2}	$162.479	$921.144	$908.281	-$758.664	-$745.802	$6,836.758	$9,033.261	-$2,196.503
% of Secured Liabilities	63.60%	52.41%	36.95%			48.44%	71.49%
% of Unsecured Liabilities	36.40%	47.59%	63.05%			51.56%	28.51%
Total Assets—Book Value ($millions)	$128.985	$1,417.995	$967.338	-$1,289.010	-$838.353	$8,838.901	$6,623.354	$2,215.547

Table 2: Total CCAA Proceedings—Cross-Border
	Q4 2012	Q3 2012	Q4 2011	Q3 2012 - Q4 2012	Q4 2011 - Q4 2012	12-31-2012	12-31-2011	+/- Change
	Volume			+/- Change		12-Month Period Ending
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 The total amount is incomplete as financial information for one of the proceedings filed in Q3 2012 (Durabla Canada Ltd.) was not reported to the OSB at the time of filing. The information may now be posted on the monitor's website. Return to footnote 5 referrer Footnote 6 The total amount is incomplete as financial information for one of the proceedings filed in Q2 2012 (Allied Research Holdings Inc.) was not reported to the OSB at the time of filing. The information may now be posted on the monitor's website. Return to footnote 6 referrer Footnote 7 The total amount is incomplete as financial information for one of the proceedings filed in Q3 2011 (Massachusetts Elephant & Castle Group Inc. et al.) was not reported to the OSB at the time of filing. The information may now be posted on the monitor's website. Return to footnote 7 referrer
Total Cross-Border Proceedings Filed^{Footnote 3}	0	2	1	-2	-1	5	3	2
Foreign Main Proceedings	0	2	1	-2	-1	5	3	2
Foreign Non-Main Proceedings	0	0	0	0	0	0	0	0
Total Liabilities— Book Value ($millions)^{Footnote 4}	$0.000	$214.856^{Footnote 5}	$50.000	-$214.856^{Footnote 5}	-$50.000	$2,994.515^{Footnote 5}^, ^{Footnote 6}	$52.694^{Footnote 7}	$2,941.821^{Footnote 5}^, ^{Footnote 6}^, ^{Footnote 7}
Total Assets— Book Value ($millions)	$0.000	$205.025^{Footnote 5}	$50.000	-$205.025^{Footnote 5}	-$50.000	$4,898.846^{Footnote 5}^, ^{Footnote 6}	$60.263^{Footnote 7}	$4,838.583^{Footnote 5}^, ^{Footnote 6}^, ^{Footnote 7}

Table 3: Total CCAA Proceedings Filed by Province
	Q4 2012	Q3 2012	Q4 2011	Q3 2012 - Q4 2012	Q4 2011 - Q4 2012	12-31-2012	12-31-2011	+/- Change
	Volume			+/- Change		12-Month Period Ending
Newfoundland and Labrador
Domestic
Cross-Border
Prince Edward Island
Domestic
Cross-Border
Nova Scotia						1	2	-1
Domestic						1	2	-1
Cross-Border
New Brunswick		1		-1		1	1
Domestic		1		-1		1	1
Cross-Border
Quebec		1	3	-1	-3	4	11	-7
Domestic		1	3	-1	-3	4	11	-7
Cross-Border
Ontario	2	1	5	1	-3	17	10	7
Domestic	2		4	2	-2	13	7	6
Cross-Border		1	1	-1	-1	4	3	1
Manitoba		1		-1		2		2
Domestic		1		-1		2		2
Cross-Border
Saskatchewan
Domestic
Cross-Border
Alberta	3	5	3	-2		12	6	6
Domestic	3	5	3	-2		12	6	6
Cross-Border
British Columbia		2	5	-2	-5	7	13	-6
Domestic		1	5	-1	-5	6	13	-7
Cross-Border		1		-1		1		1
Northwest Territories
Domestic
Cross-Border
Yukon
Domestic
Cross-Border
Nunavut
Domestic
Cross-Border
Canada	5	11	16	-6	-11	44	43	1
Domestic	5	9	15	-4	-10	39	40	-1
Cross-Border		2	1	-2	-1	5	3	2

Table 4: CCAA Proceedings Filed by NAICS Economic Sector, Canada^{Footnote 8}
	Q4 2012	Q3 2012	Q4 2011	Q3 2012 - Q4 2012	Q4 2011 - Q4 2012	12-31-2012	12-31-2011	+/- Change
	Volume			+/- Change		12-Month Period Ending
Footnotes Footnote 8 More than one NAICS code can be reported by debtor companies undergoing CCAA proceedings. Return to footnote 8 referrer
Agriculture, Forestry, Fishing and Hunting		1	2	-1	-2	4	3	1
Domestic		1	2	-1	-2	4	3	1
Cross-Border
Mining and Oil and Gas Extraction	2	2	2			5	6	-1
Domestic	2	2	2			5	6	-1
Cross-Border
Utilities
Domestic
Cross-Border
Construction	1	4	1	-3		7	1	6
Domestic	1	4	1	-3		7	1	6
Cross-Border
Manufacturing	1	3	4	-2	-3	11	13	-2
Domestic	1	2	4	-1	-3	10	13	-3
Cross-Border		1		-1		1		1
Wholesale Trade						2	3	-1
Domestic						2	3	-1
Cross-Border
Retail Trade			3		-3	2	5	-3
Domestic			3		-3	2	5	-3
Cross-Border
Transportation and Warehousing						3		3
Domestic						2		2
Cross-Border						1		1
Information and Cultural Industries	1	1			1	3		3
Domestic	1			1	1	1		1
Cross-Border		1		-1		2		2
Finance and Insurance						4	1	3
Domestic						4	1	3
Cross-Border
Real Estate, Rental and Leasing			2		-2	1	4	-3
Domestic			2		-2	1	4	-3
Cross-Border
Professional, Scientific and Technical Services						1	2	-1
Domestic							2	-2
Cross-Border						1		1
Management of Companies and Enterprises	1	1	1			2	4	-2
Domestic	1	1	1			2	4	-2
Cross-Border
Administrative and Support, Waste Management and Remediation Services
Domestic
Cross-Border
Educational Services
Domestic
Cross-Border
Health Care and Social Assistance						1		1
Domestic						1		1
Cross-Border
Arts, Entertainment and Recreation			1		-1		2	-2
Domestic			1		-1		2	-2
Cross-Border
Accommodation and Food Services							2	-2
Domestic							1	-1
Cross-Border							1	-1
Other Services (except Public Administration)			1		-1		3	-3
Domestic							1	-1
Cross-Border			1		-1		2	-2
Public Administration
Domestic
Cross-Border
Canada	6	12	17	-6	-11	46	49	-3
Domestic	6	10	16	-4	-10	41	46	-5
Cross-Border		2	1	-2	-1	5	3	2

CCAA Statistics in Canada—Fourth Quarter of 2012

Tables

Definitions

Footnotes

Footnotes

Footnotes