CCAA Statistics in Canada—First Quarter of 2014

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
no data Volume +/-
Change
12-Month Period Ending
Q1 2014 Q4 2013 Q1 2013 Q4 2013 –
Q1 2014
Q1 2013 –
Q1 2014
03-31-2014 03-31-2013 +/-
Change
Total Domestic Proceedings FiledFootnote 1 4 13 6 -9 -2 30 31 -1
Filing Affiliates
2 124 4 -122 -2 177 132 45
Filed by Publicly-Traded Companies
0 4 0 -4 0 9 7 2
Filed by Privately-Held Companies
4 9 6 -5 -2 21 24 -3
Total Liabilities—
Book Value ($millions)Footnote 2
$263.638 $1,803.886 $404.649 -$1,540.248 -$141.010 $2,906.278 $4,660.732 -$1,754.455
% of Secured Liabilities
83.06% 36.11% 75.38%     42.76% 54.78%  
% of Unsecured Liabilities
16.94% 63.89% 24.62%     57.24% 45.22%  
Total Assets — Book Value ($millions) $185.138 $1,875.780 $350.992 -$1,690.642 -$165.854 $3,201.649 $6,443.330 -$3,241.681
Table 2: Total CCAA Proceedings—Cross-Border
no data Volume +/-
Change
12-Month Period Ending
Q1 2014 Q4 2013 Q1 2013 Q4 2013 –
Q1 2014
Q1 2013 –
Q1 2014
03-31-2014 03-31-2013 +/-
Change
Total Cross-Border Proceedings FiledFootnote 3 0 0 0 0 0 0 5 -5
Foreign Main Proceedings
0 0 0 0 0 0 5 -5
Foreign Non-Main Proceedings
0 0 0 0 0 0 0 0
Total Liabilities—
Book Value ($millions)Footnote 4
$0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $2,994.515Footnote 5Footnote 6 -$2,994.515Footnote 5Footnote 6
Total Assets—
Book Value ($millions)
$0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $4,898.846Footnote 5Footnote 6 -$4,898.846Footnote 5Footnote 6
Table 3: Total CCAA Proceedings Filed by Province
Empty cell Volume +/-
Change
12-Month Period Ending
Q1 2014 Q4 2013 Q1 2013 Q4 2013 –
Q1 2014
Q1 2013 –
Q1 2014
03-31-2014 03-31-2013 +/-
Change
Newfoundland and Labrador no data no data no data no data no data no data no data no data
Domestic no data no data no data no data no data no data no data no data
Cross-Border no data no data no data no data no data no data no data no data
Prince Edward Island 1     1 1 1   1
Domestic 1     1 1 1   1
Cross-Border                
Nova Scotia                
Domestic                
Cross-Border                
New Brunswick             1 -1
Domestic             1 -1
Cross-Border                
Quebec 2 3 1 -1 1 7 3 4
Domestic 2 3 1 -1 1 7 3 4
Cross-Border                
Ontario 1 5 4 -4 -3 10 14 -4
Domestic 1 5 4 -4 -3 10 10  
Cross-Border             4 -4
Manitoba           1 1  
Domestic           1 1  
Cross-Border                
Saskatchewan                
Domestic                
Cross-Border                
Alberta   1 1 -1 -1 5 12 -7
Domestic   1 1 -1 -1 5 12 -7
Cross-Border                
British Columbia   4   -4   6 5 1
Domestic   4   -4   6 4 2
Cross-Border             1 -1
Northwest Territories no data no data no data no data no data no data no data no data
Domestic no data no data no data no data no data no data no data no data
Cross-Border no data no data no data no data no data no data no data no data
Yukon no data no data no data no data no data no data no data no data
Domestic no data no data no data no data no data no data no data no data
Cross-Border no data no data no data no data no data no data no data no data
Nunavut no data no data no data no data no data no data no data no data
Domestic no data no data no data no data no data no data no data no data
Cross-Border no data no data no data no data no data no data no data no data
Canada 4 13 6 -9 -2 30 36 -6
Domestic 4 13 6 -9 -2 30 31 -1
Cross-Border             5 -5
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 7
Sector Volume +/-
Change
12-Month Period Ending
Q1 2014 Q4 2013 Q1 2013 Q4 2013
Q1 2014
Q1 2013
Q1 2014
03-31-2014 03-31-2013 +/-
Change
Agriculture, Forestry, Fishing and Hunting   1   -1   1 4 -3
Domestic   1   -1   1 4 -3
Cross-Border                
Mining and Oil and Gas Extraction   3   -3   8 4 4
Domestic   3   -3   8 4 4
Cross-Border                
Utilities                
Domestic                
Cross-Border                
Construction   2   -2   5 7 -2
Domestic   2   -2   5 7 -2
Cross-Border                
Manufacturing 1 1 2   -1 3 8 -5
Domestic 1 1 2   -1 3 7 -4
Cross-Border             1 -1
Wholesale Trade   1   -1   1   1
Domestic   1   -1   1   1
Cross-Border                
Retail Trade     2   -2 1 4 -3
Domestic     2   -2 1 4 -3
Cross-Border                
Transportation and Warehousing   1 1 -1 -1 2 2  
Domestic   1 1 -1 -1 2 1 1
Cross-Border             1 -1
Information and Cultural Industries   1   -1   1 3 -2
Domestic   1   -1   1 1  
Cross-Border             2 -2
Finance and Insurance 1 1     1 2 2  
Domestic 1 1     1 2 2  
Cross-Border                
Real Estate, Rental and Leasing 2 1   1 2 3   3
Domestic 2 1   1 2 3   3
Cross-Border                
Professional, Scientific and Technical Services           1 1  
Domestic           1   1
Cross-Border             1 -1
Management of Companies and Enterprises   1   -1   1 2 -1
Domestic   1   -1   1 2 -1
Cross-Border                
Administrative and Support, Waste Management and Remediation Services                
Domestic                
Cross-Border                
Educational Services                
Domestic                
Cross-Border                
Health Care and Social Assistance                
Domestic                
Cross-Border                
Arts, Entertainment and Recreation   1 1 -1 -1 1 1  
Domestic   1 1 -1 -1 1 1  
Cross-Border                
Accommodation and Food Services                
Domestic                
Cross-Border                
Other Services (except Public Administration)           1   1
Domestic           1   1
Cross-Border                
Public Administration                
Domestic                
Cross-Border                
Canada 4 14 6 -10 -2 31 38 -7
Domestic 4 14 6 -10 -2 31 33 -2
Cross-Border             5 -5
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