CCAA Statistics in Canada—Third 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 $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.
Cross-Border Proceedings:
When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.
North American Industry Classification System (NAICS):
The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
Table 1: Total CCAA Proceedings—Domestic
no data Volume +/−
Change
12-Month Period Ending
Q3 2014 Q2 2014 Q3 2013 Q2 2014 –
Q3 2014
Q3 2013 –
Q3 2014
09-30-2014 09-30-2013 +/−
Change
Total Domestic Proceedings FiledFootnote 1 7 7 6 0 1 31 24 7
Filing Affiliates 9 11 10 -2 -1 146 68 78
Filed by Publicly-Held Companies
0 2 3 -2 -3 6 7 -1
Filed by Privately-Traded Companies
7 5 3 2 4 25 17 8
Total Liabilities—
Book Value ($millions)Footnote 2
$4,812.003 $687.368 $619.017 $4,124.636 $4,192.986 $7,566.896 $1,405.881 $6,161.015
% of Secured Liabilities
21.81% 60.77% 38.05% 30.89% 55.53%
% of Unsecured Liabilities
78.19% 39.23% 61.95% 69.11% 44.47%
Total Assets— Book Value ($millions) $2,246.406 $781.429 $803.913 $1,464.977 $1,442.493 $5,088.754 $1,620.708 $3,468.045
Table 2: Total CCAA Proceedings—Cross-Border
  Volume +/−
Change
12-Month Period Ending
Q3 2014 Q2 2014 Q3 2013 Q2 2014 –
Q3 2014
Q3 2013 –
Q3 2014
09-30-2014 09-30-2013 +/−
Change
Total Cross-Border Proceedings FiledFootnote 3 0 0 0 0 0 0 0 0
Foreign Main Proceedings
0 0 0 0 0 0 0 0
Foreign Non-Main Proceedings
0 0 0 0 0 0 0 0
Total Liabilities—
Book Value ($millions)Footnote 4
$0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Total Assets—
Book Value ($millions)
$0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Table 3: Total CCAA Proceedings Filed by Province
Empty cell Volume +/−
Change
12-Month Period Ending
Q3 2014 Q2 2014 Q3 2013 Q2 2014 –
Q3 2014
Q3 2013 –
Q3 2014
09-30-2014 09-30-2013 +/−
Change
Newfoundland and Labrador                
Domestic                
Cross-Border                
Prince Edward Island           1   1
Domestic           1   1
Cross-Border                
Nova Scotia                
Domestic                
Cross-Border                
New Brunswick                
Domestic                
Cross-Border                
Quebec 1   1 1   6 3 3
Domestic 1   1 1   6 3 3
Cross-Border                
Ontario 5 2 2 3 3 13 10 3
Domestic 5 2 2 3 3 13 10 3
Cross-Border                
Manitoba             1 -1
Domestic             1 -1
Cross-Border                
Saskatchewan                
Domestic                
Cross-Border                
Alberta   2 2 -2 -2 3 8 -5
Domestic   2 2 -2 -2 3 8 -5
Cross-Border                
British Columbia 1 3 1 -2   8 2 6
Domestic 1 3 1 -2   8 2 6
Cross-Border                
Northwest Territories                
Domestic                
Cross-Border                
Yukon                
Domestic                
Cross-Border                
Nunavut                
Domestic                
Cross-Border                
Canada 7 7 6   1 31 24 7
Domestic 7 7 6   1 31 24 7
Cross-Border                
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 5
Sector Volume +/−
Change
12-Month Period Ending
Q3 2014 Q2 2014 Q3 2013 Q2 2014
Q3 2014
Q3 2013
Q3 2014
09-30-2014 09-30-2013 +/−
Change
Agriculture, Forestry, Fishing and Hunting           1   1
Domestic           1   1
Cross-Border                
Mining and Oil and Gas Extraction 1 2 3 -1 -2 6 7 -1
Domestic 1 2 3 -1 -2 6 7 -1
Cross-Border                
Utilities                
Domestic                
Cross-Border                
Construction 1 2 1 -1   5 4 1
Domestic 1 2 1 -1   5 4 1
Cross-Border                
Manufacturing 2 2 1   1 6 4 2
Domestic 2 2 1   1 6 4 2
Cross-Border                
Wholesale Trade           1   1
Domestic           1   1
Cross-Border                
Retail Trade 1     1 1 1 3 -2
Domestic 1     1 1 1 3 -2
Cross-Border                
Transportation and Warehousing     1   -1 1 2 -1
Domestic     1   -1 1 2 -1
Cross-Border                
Information and Cultural Industries           1 1  
Domestic           1 1  
Cross-Border                
Finance and Insurance 1 1     1 4   4
Domestic 1 1     1 4   4
Cross-Border                
Real Estate, Rental and Leasing           3   3
Domestic           3   3
Cross-Border                
Professional, Scientific and Technical Services 1     1 1 1 1  
Domestic 1     1 1 1 1  
Cross-Border                
Management of Companies and Enterprises           1 1  
Domestic           1 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  
Domestic           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 7 7 6   1 32 25 7
Domestic 7 7 6   1 32 25 7
Cross-Border                
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