Insolvency Statistics in Canada—Second Quarter of 2016

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
province Volume % Change 12-Month Period Ending
Q2 2016 Q1 2016 Q2 2015 Q1 2016 to Q2 2016 Q2 2015 to Q2 2016 06-30-2016 06-30-2015 % Change
Newfoundland and Labrador 701 548 512 27.9 36.9 2,188 1,665 31.4
Bankruptcies 459 367 429 25.1 7.0 1,582 1,400 13.0
Proposals 242 181 83 33.7 191.6 606 265 128.7
Prince Edward Island 208 202 222 3.0 -6.3 827 789 4.8
Bankruptcies 124 124 139 0.0 -10.8 519 523 -0.8
Proposals 84 78 83 7.7 1.2 308 266 15.8
Nova Scotia 1,671 1,294 1,422 29.1 17.5 5,641 5,346 5.5
Bankruptcies 1,201 928 1,038 29.4 15.7 3,996 3,805 5.0
Proposals 470 366 384 28.4 22.4 1,645 1,541 6.7
New Brunswick 1,252 973 1,223 28.7 2.4 4,457 4,435 0.5
Bankruptcies 848 645 783 31.5 8.3 2,952 3,005 -1.8
Proposals 404 328 440 23.2 -8.2 1,505 1,430 5.2
Quebec 12,243 11,426 11,899 7.2 2.9 45,961 45,510 1.0
Bankruptcies 7,128 6,345 6,989 12.3 2.0 26,337 26,222 0.4
Proposals 5,115 5,081 4,910 0.7 4.2 19,624 19,288 1.7
Ontario 11,052 10,145 10,868 8.9 1.7 41,229 41,621 -0.9
Bankruptcies 4,955 4,276 5,117 15.9 -3.2 18,402 19,577 -6.0
Proposals 6,097 5,869 5,751 3.9 6.0 22,827 22,044 3.6
Manitoba 733 617 534 18.8 37.3 2,450 2,054 19.3
Bankruptcies 424 326 367 30.1 15.5 1,380 1,330 3.8
Proposals 309 291 167 6.2 85.0 1,070 724 47.8
Saskatchewan 823 685 577 20.1 42.6 2,722 2,111 28.9
Bankruptcies 419 346 316 21.1 32.6 1,425 1,137 25.3
Proposals 404 339 261 19.2 54.8 1,297 974 33.2
Alberta 3,559 3,234 2,510 10.0 41.8 11,973 8,817 35.8
Bankruptcies 1,484 1,409 1,133 5.3 31.0 5,118 3,997 28.0
Proposals 2,075 1,825 1,377 13.7 50.7 6,855 4,820 42.2
British Columbia 3,014 2,952 3,046 2.1 -1.1 11,769 11,680 0.8
Bankruptcies 1,329 1,358 1,545 -2.1 -14.0 5,444 6,108 -10.9
Proposals 1,685 1,594 1,501 5.7 12.3 6,325 5,572 13.5
Northwest Territories 14 10 10 40.0 40.0 58 42 38.1
Bankruptcies 9 5 6 80.0 50.0 32 23 39.1
Proposals 5 5 4 0.0 25.0 26 19 36.8
Yukon 18 15 6 20.0 200.0 51 37 37.8
Bankruptcies 10 7 1 42.9 900.0 27 17 58.8
Proposals 8 8 5 0.0 60.0 24 20 20.0
Nunavut 2 5 1 -60.0 100.0 10 6 66.7
Bankruptcies 1 2 1 -50.0 0.0 4 4 0.0
Proposals 1 3 0 -66.7 -- 6 2 200.0
Canada 35,290 32,106 32,830 9.9 7.5 129,336 124,113 4.2
Bankruptcies 18,391 16,138 17,864 14.0 3.0 67,218 67,148 0.1
Proposals 16,899 15,968 14,966 5.8 12.9 62,118 56,965 9.0
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Q2 2016 Q1 2016 Q2 2015 Q1 2016 to Q2 2016 Q2 2015 to Q2 2016 06-30-2016 06-30-2015 % Change
Newfoundland and Labrador 694 543 506 27.8 37.2 2,161 1,638 31.9
Bankruptcies 454 364 423 24.7 7.3 1,563 1,375 13.7
Proposals 240 179 83 34.1 189.2 598 263 127.4
Prince Edward Island 200 201 216 -0.5 -7.4 812 770 5.5
Bankruptcies 121 123 134 -1.6 -9.7 510 509 0.2
Proposals 79 78 82 1.3 -3.7 302 261 15.7
Nova Scotia 1,646 1,281 1,386 28.5 18.8 5,565 5,254 5.9
Bankruptcies 1,181 915 1,012 29.1 16.7 3,929 3,743 5.0
Proposals 465 366 374 27.0 24.3 1,636 1,511 8.3
New Brunswick 1,237 956 1,209 29.4 2.3 4,382 4,358 0.6
Bankruptcies 837 633 773 32.2 8.3 2,892 2,951 -2.0
Proposals 400 323 436 23.8 -8.3 1,490 1,407 5.9
Quebec 11,678 10,797 11,336 8.2 3.0 43,715 43,154 1.3
Bankruptcies 6,712 5,853 6,574 14.7 2.1 24,626 24,517 0.4
Proposals 4,966 4,944 4,762 0.4 4.3 19,089 18,637 2.4
Ontario 10,779 9,920 10,568 8.7 2.0 40,201 40,465 -0.7
Bankruptcies 4,762 4,108 4,889 15.9 -2.6 17,624 18,671 -5.6
Proposals 6,017 5,812 5,679 3.5 6.0 22,577 21,794 3.6
Manitoba 714 608 526 17.4 35.7 2,398 2,018 18.8
Bankruptcies 411 321 361 28.0 13.9 1,345 1,305 3.1
Proposals 303 287 165 5.6 83.6 1,053 713 47.7
Saskatchewan 795 649 552 22.5 44.0 2,585 2,022 27.8
Bankruptcies 399 318 298 25.5 33.9 1,323 1,079 22.6
Proposals 396 331 254 19.6 55.9 1,262 943 33.8
Alberta 3,526 3,197 2,466 10.3 43.0 11,843 8,667 36.6
Bankruptcies 1,455 1,388 1,099 4.8 32.4 5,027 3,887 29.3
Proposals 2,071 1,809 1,367 14.5 51.5 6,816 4,780 42.6
British Columbia 2,961 2,894 2,996 2.3 -1.2 11,532 11,469 0.5
Bankruptcies 1,284 1,318 1,507 -2.6 -14.8 5,270 5,951 -11.4
Proposals 1,677 1,576 1,489 6.4 12.6 6,262 5,518 13.5
Northwest Territories 14 10 10 40.0 40.0 58 42 38.1
Bankruptcies 9 5 6 80.0 50.0 32 23 39.1
Proposals 5 5 4 0.0 25.0 26 19 36.8
Yukon 18 15 6 20.0 200.0 51 36 41.7
Bankruptcies 10 7 1 42.9 900.0 27 17 58.8
Proposals 8 8 5 0.0 60.0 24 19 26.3
Nunavut 1 5 1 -80.0 0.0 9 5 80.0
Bankruptcies 0 2 1 -100.0 -100.0 3 3 0.0
Proposals 1 3 0 -66.7 -- 6 2 200.0
Canada 34,263 31,076 31,778 10.3 7.8 125,312 119,898 4.5
Bankruptcies 17,635 15,355 17,078 14.8 3.3 64,171 64,031 0.2
Proposals 16,628 15,721 14,700 5.8 13.1 61,141 55,867 9.4
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Q2 2016 Q1 2016 Q2 2015 Q1 2016 to Q2 2016 Q2 2015 to Q2 2016 06-30-2016 06-30-2015 % Change
Newfoundland and Labrador 7 5 6 40.0 16.7 27 27 0.0
Bankruptcies 5 3 6 66.7 -16.7 19 25 -24.0
Proposals 2 2 0 0.0 -- 8 2 300.0
Prince Edward Island 8 1 6 700.0 33.3 15 19 -21.1
Bankruptcies 3 1 5 200.0 -40.0 9 14 -35.7
Proposals 5 0 1 -- 400.0 6 5 20.0
Nova Scotia 25 13 36 92.3 -30.6 76 92 -17.4
Bankruptcies 20 13 26 53.8 -23.1 67 62 8.1
Proposals 5 0 10 -- -50.0 9 30 -70.0
New Brunswick 15 17 14 -11.8 7.1 75 77 -2.6
Bankruptcies 11 12 10 -8.3 10.0 60 54 11.1
Proposals 4 5 4 -20.0 0.0 15 23 -34.8
Quebec 565 629 563 -10.2 0.4 2,246 2,356 -4.7
Bankruptcies 416 492 415 -15.4 0.2 1,711 1,705 0.4
Proposals 149 137 148 8.8 0.7 535 651 -17.8
Ontario 273 225 300 21.3 -9.0 1,028 1,156 -11.1
Bankruptcies 193 168 228 14.9 -15.4 778 906 -14.1
Proposals 80 57 72 40.4 11.1 250 250 0.0
Manitoba 19 9 8 111.1 137.5 52 36 44.4
Bankruptcies 13 5 6 160.0 116.7 35 25 40.0
Proposals 6 4 2 50.0 200.0 17 11 54.5
Saskatchewan 28 36 25 -22.2 12.0 137 89 53.9
Bankruptcies 20 28 18 -28.6 11.1 102 58 75.9
Proposals 8 8 7 0.0 14.3 35 31 12.9
Alberta 33 37 44 -10.8 -25.0 130 150 -13.3
Bankruptcies 29 21 34 38.1 -14.7 91 110 -17.3
Proposals 4 16 10 -75.0 -60.0 39 40 -2.5
British Columbia 53 58 50 -8.6 6.0 237 211 12.3
Bankruptcies 45 40 38 12.5 18.4 174 157 10.8
Proposals 8 18 12 -55.6 -33.3 63 54 16.7
Northwest Territories 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Yukon 0 0 0 -- -- 0 1 -100.0
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 1 -100.0
Nunavut 1 0 0 -- -- 1 1 0.0
Bankruptcies 1 0 0 -- -- 1 1 0.0
Proposals 0 0 0 -- -- 0 0 --
Canada 1,027 1,030 1,052 -0.3 -2.4 4,024 4,215 -4.5
Bankruptcies 756 783 786 -3.4 -3.8 3,047 3,117 -2.2
Proposals 271 247 266 9.7 1.9 977 1,098 -11.0
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