Insolvency Statistics in Canada—Fourth Quarter of 2015

Tables

Glossary

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 a 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.
Census Metropolitan Area (CMA):
Each 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. For Statistics Canada's geographical definitions of the CMAs, go to CMA and CA: Detailed definition.
Economic Region (ER):
Standard geographical units created for analysis of regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
Table 1: Total Insolvencies
provinceVolume% Change12-Month Period Ending
Q4 2015Q3 2015Q4 2014Q3 2015 to Q4 2015Q4 2014 to Q4 201512-31-201512-31-2014% Change
Newfoundland and Labrador4724673741.126.21,8491,57517.4
Bankruptcies356400312-11.014.11,5191,37510.5
Proposals116676273.187.133020065.0
Prince Edward Island21919816710.631.182273911.2
Bankruptcies14512610615.136.85315153.1
Proposals7472612.821.329122429.9
Nova Scotia1,3641,3121,3024.04.85,3255,3040.4
Bankruptcies9539149564.3-0.33,7173,778-1.6
Proposals4113983463.318.81,6081,5265.4
New Brunswick1,0341,1981,107-13.7-6.64,4114,3950.4
Bankruptcies672787786-14.6-14.52,8733,089-7.0
Proposals362411321-11.912.81,5381,30617.8
Quebec11,19111,10111,2100.8-0.245,94243,8914.7
Bankruptcies6,4306,4346,546-0.1-1.826,22326,1370.3
Proposals4,7614,6674,6642.02.119,71917,75411.1
Ontario10,1809,85210,2743.3-0.941,07642,198-2.7
Bankruptcies4,6734,4984,9993.9-6.518,84220,069-6.1
Proposals5,5075,3545,2752.94.422,23422,1290.5
Manitoba5615395104.110.02,1361,9489.7
Bankruptcies312318336-1.9-7.11,2901,2483.4
Proposals24922117412.743.184670020.9
Saskatchewan6155994822.727.62,3172,06212.4
Bankruptcies35330726915.031.21,2401,1824.9
Proposals262292213-10.323.01,07788022.4
Alberta2,6722,5082,0476.530.59,9448,42218.1
Bankruptcies1,1401,0859265.123.14,3753,96410.4
Proposals1,5321,4231,1217.736.75,5694,45824.9
British Columbia2,8442,9592,805-3.91.411,80211,6391.4
Bankruptcies1,3401,4171,474-5.4-9.15,8376,545-10.8
Proposals1,5041,5421,331-2.513.05,9655,09417.1
Northwest Territories231116109.143.852496.1
Bankruptcies13510160.030.028267.7
Proposals106666.766.724234.3
Yukon5139-61.5-44.43540-12.5
Bankruptcies282-75.00.01822-18.2
Proposals357-40.0-57.11718-5.6
Nunavut303--0.057-28.6
Bankruptcies103---66.725-60.0
Proposals200----3250.0
Canada31,18330,75730,3061.42.9125,716122,2692.8
Bankruptcies16,39016,29916,7250.6-2.066,49567,955-2.1
Proposals14,79314,45813,5812.38.959,22154,3149.0
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q4 2015Q3 2015Q4 2014Q3 2015 to Q4 2015Q4 2014 to Q4 201512-31-201512-31-2014% Change
Newfoundland and Labrador4654593621.328.51,8221,54517.9
Bankruptcies351394300-10.917.01,4981,34811.1
Proposals114656275.483.932419764.5
Prince Edward Island21619516310.832.580672111.8
Bankruptcies14212410214.539.25195023.4
Proposals7471614.221.328721931.1
Nova Scotia1,3471,2911,2844.34.95,2325,2270.1
Bankruptcies9378969424.6-0.53,6483,726-2.1
Proposals4103953423.819.91,5841,5015.5
New Brunswick1,0131,1761,081-13.9-6.34,3314,3080.5
Bankruptcies652770766-15.3-14.92,8143,021-6.9
Proposals361406315-11.114.61,5171,28717.9
Quebec10,61010,63010,555-0.20.543,70541,5545.2
Bankruptcies5,9836,0786,107-1.6-2.024,53924,4470.4
Proposals4,6274,5524,4481.64.019,16617,10712.0
Ontario9,9259,5779,9813.6-0.639,93541,108-2.9
Bankruptcies4,4714,2834,7744.4-6.317,95819,234-6.6
Proposals5,4545,2945,2073.04.721,97721,8740.5
Manitoba5505264974.610.72,0981,89110.9
Bankruptcies303310325-2.3-6.81,2641,2005.3
Proposals24721617214.443.683469120.7
Saskatchewan5845574624.826.42,1981,93813.4
Bankruptcies33027625419.629.91,1551,1054.5
Proposals254281208-9.622.11,04383325.2
Alberta2,6432,4772,0086.731.69,8108,28118.5
Bankruptcies1,1171,0678934.725.14,2803,85910.9
Proposals1,5261,4101,1158.236.95,5304,42225.1
British Columbia2,7682,9092,755-4.80.511,58011,3831.7
Bankruptcies1,2931,3751,434-6.0-9.85,6836,345-10.4
Proposals1,4751,5341,321-3.811.75,8975,03817.1
Northwest Territories231116109.143.852496.1
Bankruptcies13510160.030.028267.7
Proposals106666.766.724234.3
Yukon5138-61.5-37.53539-10.3
Bankruptcies282-75.00.01822-18.2
Proposals356-40.0-50.017170.0
Nunavut302--50.056-16.7
Bankruptcies102---50.024-50.0
Proposals200----3250.0
Canada30,15229,82129,1741.13.4121,609118,0503.0
Bankruptcies15,59515,58615,9110.1-2.063,40664,839-2.2
Proposals14,55714,23513,2632.39.858,20353,2119.4
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q4 2015Q3 2015Q4 2014Q3 2015 to Q4 2015Q4 2014 to Q4 201512-31-201512-31-2014% Change
Newfoundland and Labrador7812-12.5-41.72730-10.0
Bankruptcies5612-16.7-58.32127-22.2
Proposals2200.0--63100.0
Prince Edward Island3340.0-25.01618-11.1
Bankruptcies32450.0-25.01213-7.7
Proposals010-100.0--45-20.0
Nova Scotia172118-19.0-5.6937720.8
Bankruptcies161814-11.114.3695232.7
Proposals134-66.7-75.02425-4.0
New Brunswick212226-4.5-19.28087-8.0
Bankruptcies20172017.60.05968-13.2
Proposals156-80.0-83.3211910.5
Quebec58147165523.4-11.32,2372,337-4.3
Bankruptcies44735643925.61.81,6841,690-0.4
Proposals13411521616.5-38.0553647-14.5
Ontario255275293-7.3-13.01,1411,0904.7
Bankruptcies202215225-6.0-10.28848355.9
Proposals536068-11.7-22.12572550.8
Manitoba111313-15.4-15.43857-33.3
Bankruptcies981112.5-18.22648-45.8
Proposals252-60.00.012933.3
Saskatchewan314220-26.255.0119124-4.0
Bankruptcies233115-25.853.3857710.4
Proposals8115-27.360.03447-27.7
Alberta293139-6.5-25.6134141-5.0
Bankruptcies23183327.8-30.395105-9.5
Proposals6136-53.80.039368.3
British Columbia76505052.052.0222256-13.3
Bankruptcies47424011.917.5154200-23.0
Proposals29810262.5190.0685621.4
Northwest Territories000----00--
Bankruptcies000----00--
Proposals000----00--
Yukon001---100.001-100.0
Bankruptcies000----00--
Proposals001---100.001-100.0
Nunavut001---100.001-100.0
Bankruptcies001---100.001-100.0
Proposals000----00--
Canada1,0319361,13210.1-8.94,1074,219-2.7
Bankruptcies79571381411.5-2.33,0893,116-0.9
Proposals2362233185.8-25.81,0181,103-7.7