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Insolvency Statistics in Canada
July 2011
195 KB, 7 pages
Archived
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
Note:
Monthly statistics for insolvency volumes tend to vary widely. Quarterly and annual statistics can be more indicative of the evolution of insolvency volumes.
Definitions
- 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 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.
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
July 2011 | June 2011 | July 2010 | June 2011 to July 2011 | July 2010 to July 2011 | 07-31-2011 | 07-31-2010 | % Change | |
Newfoundland and Labrador | 174 | 168 | 175 | 3.6 | -0.6 | 2,281 | 2,596 | -12.1 |
Bankruptcies | 166 | 161 | 166 | 3.1 | 0.0 | 2,147 | 2,458 | -12.7 |
Proposals | 8 | 7 | 9 | 14.3 | -11.1 | 134 | 138 | -2.9 |
Prince Edward Island | 47 | 61 | 45 | -23.0 | 4.4 | 657 | 586 | 12.1 |
Bankruptcies | 34 | 52 | 37 | -34.6 | -8.1 | 575 | 524 | 9.7 |
Proposals | 13 | 9 | 8 | 44.4 | 62.5 | 82 | 62 | 32.3 |
Nova Scotia | 339 | 418 | 414 | -18.9 | -18.1 | 4,998 | 5,405 | -7.5 |
Bankruptcies | 262 | 338 | 325 | -22.5 | -19.4 | 4,017 | 4,504 | -10.8 |
Proposals | 77 | 80 | 89 | -3.8 | -13.5 | 981 | 901 | 8.9 |
New Brunswick | 298 | 350 | 303 | -14.9 | -1.7 | 3,624 | 3,927 | -7.7 |
Bankruptcies | 235 | 303 | 245 | -22.4 | -4.1 | 3,026 | 3,306 | -8.5 |
Proposals | 63 | 47 | 58 | 34.0 | 8.6 | 598 | 621 | -3.7 |
Quebec | 2,480 | 3,087 | 3,011 | -19.7 | -17.6 | 38,521 | 41,430 | -7.0 |
Bankruptcies | 1,794 | 2,265 | 2,294 | -20.8 | -21.8 | 28,123 | 31,595 | -11.0 |
Proposals | 686 | 822 | 717 | -16.5 | -4.3 | 10,398 | 9,835 | 5.7 |
Ontario | 3,661 | 4,573 | 4,517 | -19.9 | -19.0 | 54,555 | 63,486 | -14.1 |
Bankruptcies | 1,924 | 2,398 | 2,686 | -19.8 | -28.4 | 29,342 | 40,676 | -27.9 |
Proposals | 1,737 | 2,175 | 1,831 | -20.1 | -5.1 | 25,213 | 22,810 | 10.5 |
Manitoba | 161 | 212 | 214 | -24.1 | -24.8 | 2,446 | 2,918 | -16.2 |
Bankruptcies | 106 | 157 | 161 | -32.5 | -34.2 | 1,765 | 2,218 | -20.4 |
Proposals | 55 | 55 | 53 | 0.0 | 3.8 | 681 | 700 | -2.7 |
Saskatchewan | 188 | 181 | 206 | 3.9 | -8.7 | 2,335 | 2,606 | -10.4 |
Bankruptcies | 118 | 112 | 127 | 5.4 | -7.1 | 1,482 | 1,767 | -16.1 |
Proposals | 70 | 69 | 79 | 1.4 | -11.4 | 853 | 839 | 1.7 |
Alberta | 809 | 952 | 868 | -15.0 | -6.8 | 10,815 | 12,061 | -10.3 |
Bankruptcies | 549 | 665 | 653 | -17.4 | -15.9 | 7,866 | 9,364 | -16.0 |
Proposals | 260 | 287 | 215 | -9.4 | 20.9 | 2,949 | 2,697 | 9.3 |
British Columbia | 938 | 1,011 | 988 | -7.2 | -5.1 | 12,325 | 13,188 | -6.5 |
Bankruptcies | 650 | 678 | 739 | -4.1 | -12.0 | 9,017 | 10,268 | -12.2 |
Proposals | 288 | 333 | 249 | -13.5 | 15.7 | 3,308 | 2,920 | 13.3 |
Northwest Territories | 3 | 4 | 1 | -25.0 | 200.0 | 45 | 48 | -6.3 |
Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 28 | 40 | -30.0 |
Proposals | 0 | 1 | 0 | -100.0 | — | 17 | 8 | 112.5 |
Yukon | 8 | 2 | 1 | 300.0 | 700.0 | 48 | 46 | 4.3 |
Bankruptcies | 6 | 2 | 1 | 200.0 | 500.0 | 42 | 37 | 13.5 |
Proposals | 2 | 0 | 0 | — | — | 6 | 9 | -33.3 |
Nunavut | 2 | 2 | 0 | 0.0 | — | 10 | 4 | 150.0 |
Bankruptcies | 1 | 2 | 0 | -50.0 | — | 9 | 3 | 200.0 |
Proposals | 1 | 0 | 0 | — | — | 1 | 1 | 0.0 |
Canada | 9,108 | 11,021 | 10,743 | -17.4 | -15.2 | 132,660 | 148,301 | -10.5 |
Bankruptcies | 5,848 | 7,136 | 7,435 | -18.0 | -21.3 | 87,439 | 106,760 | -18.1 |
Proposals | 3,260 | 3,885 | 3,308 | -16.1 | -1.5 | 45,221 | 41,541 | 8.9 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
July 2011 | June 2011 | July 2010 | June 2011 to July 2011 | July 2010 to July 2011 | 07-31-2011 | 07-31-2010 | % Change | |
Newfoundland and Labrador | 173 | 165 | 175 | 4.8 | -1.1 | 2,252 | 2,571 | -12.4 |
Bankruptcies | 165 | 158 | 166 | 4.4 | -0.6 | 2,120 | 2,433 | -12.9 |
Proposals | 8 | 7 | 9 | 14.3 | -11.1 | 132 | 138 | -4.3 |
Prince Edward Island | 46 | 60 | 43 | -23.3 | 7.0 | 637 | 563 | 13.1 |
Bankruptcies | 33 | 51 | 35 | -35.3 | -5.7 | 563 | 502 | 12.2 |
Proposals | 13 | 9 | 8 | 44.4 | 62.5 | 74 | 61 | 21.3 |
Nova Scotia | 334 | 406 | 402 | -17.7 | -16.9 | 4,845 | 5,250 | -7.7 |
Bankruptcies | 258 | 328 | 316 | -21.3 | -18.4 | 3,887 | 4,379 | -11.2 |
Proposals | 76 | 78 | 86 | -2.6 | -11.6 | 958 | 871 | 10.0 |
New Brunswick | 293 | 346 | 296 | -15.3 | -1.0 | 3,559 | 3,821 | -6.9 |
Bankruptcies | 233 | 301 | 238 | -22.6 | -2.1 | 2,978 | 3,219 | -7.5 |
Proposals | 60 | 45 | 58 | 33.3 | 3.4 | 581 | 602 | -3.5 |
Quebec | 2,356 | 2,920 | 2,856 | -19.3 | -17.5 | 36,465 | 39,178 | -6.9 |
Bankruptcies | 1,703 | 2,143 | 2,171 | -20.5 | -21.6 | 26,595 | 29,974 | -11.3 |
Proposals | 653 | 777 | 685 | -16.0 | -4.7 | 9,870 | 9,204 | 7.2 |
Ontario | 3,560 | 4,407 | 4,386 | -19.2 | -18.8 | 52,892 | 61,326 | -13.8 |
Bankruptcies | 1,846 | 2,260 | 2,579 | -18.3 | -28.4 | 28,020 | 38,838 | -27.9 |
Proposals | 1,714 | 2,147 | 1,807 | -20.2 | -5.1 | 24,872 | 22,488 | 10.6 |
Manitoba | 157 | 208 | 212 | -24.5 | -25.9 | 2,379 | 2,836 | -16.1 |
Bankruptcies | 103 | 153 | 159 | -32.7 | -35.2 | 1,714 | 2,154 | -20.4 |
Proposals | 54 | 55 | 53 | -1.8 | 1.9 | 665 | 682 | -2.5 |
Saskatchewan | 178 | 167 | 199 | 6.6 | -10.6 | 2,184 | 2,435 | -10.3 |
Bankruptcies | 110 | 104 | 124 | 5.8 | -11.3 | 1,380 | 1,654 | -16.6 |
Proposals | 68 | 63 | 75 | 7.9 | -9.3 | 804 | 781 | 2.9 |
Alberta | 790 | 919 | 833 | -14.0 | -5.2 | 10,443 | 11,581 | -9.8 |
Bankruptcies | 534 | 649 | 626 | -17.7 | -14.7 | 7,567 | 8,972 | -15.7 |
Proposals | 256 | 270 | 207 | -5.2 | 23.7 | 2,876 | 2,609 | 10.2 |
British Columbia | 916 | 986 | 969 | -7.1 | -5.5 | 12,080 | 12,859 | -6.1 |
Bankruptcies | 635 | 658 | 725 | -3.5 | -12.4 | 8,822 | 10,002 | -11.8 |
Proposals | 281 | 328 | 244 | -14.3 | 15.2 | 3,258 | 2,857 | 14.0 |
Northwest Territories | 3 | 4 | 1 | -25.0 | 200.0 | 42 | 48 | -12.5 |
Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 28 | 40 | -30.0 |
Proposals | 0 | 1 | 0 | -100.0 | — | 14 | 8 | 75.0 |
Yukon | 7 | 2 | 1 | 250.0 | 600.0 | 46 | 43 | 7.0 |
Bankruptcies | 5 | 2 | 1 | 150.0 | 400.0 | 41 | 37 | 10.8 |
Proposals | 2 | 0 | 0 | — | — | 5 | 6 | -16.7 |
Nunavut | 2 | 2 | 0 | 0.0 | — | 10 | 4 | 150.0 |
Bankruptcies | 1 | 2 | 0 | -50.0 | — | 9 | 3 | 200.0 |
Proposals | 1 | 0 | 0 | — | — | 1 | 1 | 0.0 |
Canada | 8,815 | 10,592 | 10,373 | -16.8 | -15.0 | 127,834 | 142,515 | -10.3 |
Bankruptcies | 5,629 | 6,812 | 7,141 | -17.4 | -21.2 | 83,724 | 102,207 | -18.1 |
Proposals | 3,186 | 3,780 | 3,232 | -15.7 | -1.4 | 44,110 | 40,308 | 9.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
July 2011 | June 2011 | July 2010 | June 2011 to July 2011 | July 2010 to July 2011 | 07-31-2011 | 07-31-2010 | % Change | |
Newfoundland and Labrador | 1 | 3 | 0 | -66.7 | — | 29 | 25 | 16.0 |
Bankruptcies | 1 | 3 | 0 | -66.7 | — | 27 | 25 | 8.0 |
Proposals | 0 | 0 | 0 | — | — | 2 | 0 | — |
Prince Edward Island | 1 | 1 | 2 | 0.0 | -50.0 | 20 | 23 | -13.0 |
Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 12 | 22 | -45.5 |
Proposals | 0 | 0 | 0 | — | — | 8 | 1 | 700.0 |
Nova Scotia | 5 | 12 | 12 | -58.3 | -58.3 | 153 | 155 | -1.3 |
Bankruptcies | 4 | 10 | 9 | -60.0 | -55.6 | 130 | 125 | 4.0 |
Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 23 | 30 | -23.3 |
New Brunswick | 5 | 4 | 7 | 25.0 | -28.6 | 65 | 106 | -38.7 |
Bankruptcies | 2 | 2 | 7 | 0.0 | -71.4 | 48 | 87 | -44.8 |
Proposals | 3 | 2 | 0 | 50.0 | — | 17 | 19 | -10.5 |
Quebec | 124 | 167 | 155 | -25.7 | -20.0 | 2,056 | 2,252 | -8.7 |
Bankruptcies | 91 | 122 | 123 | -25.4 | -26.0 | 1,528 | 1,621 | -5.7 |
Proposals | 33 | 45 | 32 | -26.7 | 3.1 | 528 | 631 | -16.3 |
Ontario | 101 | 166 | 131 | -39.2 | -22.9 | 1,663 | 2,160 | -23.0 |
Bankruptcies | 78 | 138 | 107 | -43.5 | -27.1 | 1,322 | 1,838 | -28.1 |
Proposals | 23 | 28 | 24 | -17.9 | -4.2 | 341 | 322 | 5.9 |
Manitoba | 4 | 4 | 2 | 0.0 | 100.0 | 67 | 82 | -18.3 |
Bankruptcies | 3 | 4 | 2 | -25.0 | 50.0 | 51 | 64 | -20.3 |
Proposals | 1 | 0 | 0 | — | — | 16 | 18 | -11.1 |
Saskatchewan | 10 | 14 | 7 | -28.6 | 42.9 | 151 | 171 | -11.7 |
Bankruptcies | 8 | 8 | 3 | 0.0 | 166.7 | 102 | 113 | -9.7 |
Proposals | 2 | 6 | 4 | -66.7 | -50.0 | 49 | 58 | -15.5 |
Alberta | 19 | 33 | 35 | -42.4 | -45.7 | 372 | 480 | -22.5 |
Bankruptcies | 15 | 16 | 27 | -6.3 | -44.4 | 299 | 392 | -23.7 |
Proposals | 4 | 17 | 8 | -76.5 | -50.0 | 73 | 88 | -17.0 |
British Columbia | 22 | 25 | 19 | -12.0 | 15.8 | 245 | 329 | -25.5 |
Bankruptcies | 15 | 20 | 14 | -25.0 | 7.1 | 195 | 266 | -26.7 |
Proposals | 7 | 5 | 5 | 40.0 | 40.0 | 50 | 63 | -20.6 |
Northwest Territories | 0 | 0 | 0 | — | — | 3 | 0 | — |
Bankruptcies | 0 | 0 | 0 | — | — | 0 | 0 | — |
Proposals | 0 | 0 | 0 | — | — | 3 | 0 | — |
Yukon | 1 | 0 | 0 | — | — | 2 | 3 | -33.3 |
Bankruptcies | 1 | 0 | 0 | — | — | 1 | 0 | — |
Proposals | 0 | 0 | 0 | — | — | 1 | 3 | -66.7 |
Nunavut | 0 | 0 | 0 | — | — | 0 | 0 | — |
Bankruptcies | 0 | 0 | 0 | — | — | 0 | 0 | — |
Proposals | 0 | 0 | 0 | — | — | 0 | 0 | — |
Canada | 293 | 429 | 370 | -31.7 | -20.8 | 4,826 | 5,786 | -16.6 |
Bankruptcies | 219 | 324 | 294 | -32.4 | -25.5 | 3,715 | 4,553 | -18.4 |
Proposals | 74 | 105 | 76 | -29.5 | -2.6 | 1,111 | 1,233 | -9.9 |
Sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
July 2011 | June 2011 | July 2010 | June 2011 to July 2011 | July 2010 to July 2011 | 07-31-2011 | 07-31-2010 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 12 | 5 | 9 | 140.0 | 33.3 | 128 | 183 | -30.1 |
Bankruptcies | 9 | 5 | 6 | 80.0 | 50.0 | 83 | 136 | -39.0 |
Proposals | 3 | 0 | 3 | — | 0.0 | 45 | 47 | -4.3 |
Mining and Oil and Gas Extraction | 1 | 1 | 4 | 0.0 | -75.0 | 38 | 64 | -40.6 |
Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 25 | 48 | -47.9 |
Proposals | 0 | 0 | 2 | — | -100.0 | 13 | 16 | -18.8 |
Utilities | 1 | 2 | 0 | -50.0 | — | 12 | 12 | 0.0 |
Bankruptcies | 1 | 1 | 0 | 0.0 | — | 9 | 12 | -25.0 |
Proposals | 0 | 1 | 0 | -100.0 | — | 3 | 0 | — |
Construction | 41 | 85 | 55 | -51.8 | -25.5 | 809 | 931 | -13.1 |
Bankruptcies | 36 | 62 | 46 | -41.9 | -21.7 | 650 | 749 | -13.2 |
Proposals | 5 | 23 | 9 | -78.3 | -44.4 | 159 | 182 | -12.6 |
Manufacturing | 51 | 45 | 34 | 13.3 | 50.0 | 544 | 629 | -13.5 |
Bankruptcies | 37 | 29 | 26 | 27.6 | 42.3 | 375 | 503 | -25.4 |
Proposals | 14 | 16 | 8 | -12.5 | 75.0 | 169 | 126 | 34.1 |
Wholesale Trade | 19 | 22 | 21 | -13.6 | -9.5 | 282 | 314 | -10.2 |
Bankruptcies | 14 | 15 | 16 | -6.7 | -12.5 | 221 | 249 | -11.2 |
Proposals | 5 | 7 | 5 | -28.6 | 0.0 | 61 | 65 | -6.2 |
Retail Trade | 47 | 34 | 51 | 38.2 | -7.8 | 683 | 803 | -14.9 |
Bankruptcies | 32 | 27 | 42 | 18.5 | -23.8 | 533 | 667 | -20.1 |
Proposals | 15 | 7 | 9 | 114.3 | 66.7 | 150 | 136 | 10.3 |
Transportation and Warehousing | 23 | 34 | 17 | -32.4 | 35.3 | 333 | 491 | -32.2 |
Bankruptcies | 19 | 30 | 17 | -36.7 | 11.8 | 276 | 399 | -30.8 |
Proposals | 4 | 4 | 0 | 0.0 | — | 57 | 92 | -38.0 |
Information and Cultural Industries | 5 | 8 | 6 | -37.5 | -16.7 | 81 | 96 | -15.6 |
Bankruptcies | 3 | 7 | 5 | -57.1 | -40.0 | 51 | 71 | -28.2 |
Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 30 | 25 | 20.0 |
Finance and Insurance | 3 | 14 | 9 | -78.6 | -66.7 | 110 | 114 | -3.5 |
Bankruptcies | 1 | 7 | 9 | -85.7 | -88.9 | 85 | 99 | -14.1 |
Proposals | 2 | 7 | 0 | -71.4 | — | 25 | 15 | 66.7 |
Real Estate and Rental and Leasing | 7 | 10 | 18 | -30.0 | -61.1 | 153 | 207 | -26.1 |
Bankruptcies | 6 | 8 | 16 | -25.0 | -62.5 | 123 | 134 | -8.2 |
Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 30 | 73 | -58.9 |
Professional, Scientific and Technical Services | 13 | 28 | 28 | -53.6 | -53.6 | 275 | 392 | -29.8 |
Bankruptcies | 10 | 21 | 24 | -52.4 | -58.3 | 195 | 293 | -33.4 |
Proposals | 3 | 7 | 4 | -57.1 | -25.0 | 80 | 99 | -19.2 |
Management of Companies and Enterprises | 2 | 4 | 6 | -50.0 | -66.7 | 47 | 68 | -30.9 |
Bankruptcies | 1 | 2 | 4 | -50.0 | -75.0 | 40 | 46 | -13.0 |
Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 7 | 22 | -68.2 |
Administrative and Support, Waste Management and Remediation Services | 6 | 13 | 20 | -53.8 | -70.0 | 187 | 248 | -24.6 |
Bankruptcies | 4 | 12 | 13 | -66.7 | -69.2 | 155 | 193 | -19.7 |
Proposals | 2 | 1 | 7 | 100.0 | -71.4 | 32 | 55 | -41.8 |
Educational Services | 1 | 5 | 3 | -80.0 | -66.7 | 37 | 41 | -9.8 |
Bankruptcies | 0 | 1 | 2 | -100.0 | -100.0 | 25 | 35 | -28.6 |
Proposals | 1 | 4 | 1 | -75.0 | 0.0 | 12 | 6 | 100.0 |
Health Care and Social Assistance | 5 | 8 | 3 | -37.5 | 66.7 | 80 | 72 | 11.1 |
Bankruptcies | 2 | 5 | 3 | -60.0 | -33.3 | 59 | 57 | 3.5 |
Proposals | 3 | 3 | 0 | 0.0 | — | 21 | 15 | 40.0 |
Arts, Entertainment and Recreation | 4 | 14 | 4 | -71.4 | 0.0 | 91 | 116 | -21.6 |
Bankruptcies | 4 | 12 | 3 | -66.7 | 33.3 | 82 | 88 | -6.8 |
Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 9 | 28 | -67.9 |
Accommodation and Food Services | 33 | 66 | 60 | -50.0 | -45.0 | 623 | 702 | -11.3 |
Bankruptcies | 25 | 54 | 40 | -53.7 | -37.5 | 476 | 524 | -9.2 |
Proposals | 8 | 12 | 20 | -33.3 | -60.0 | 147 | 178 | -17.4 |
Other Services (except Public Administration) | 18 | 30 | 22 | -40.0 | -18.2 | 307 | 294 | 4.4 |
Bankruptcies | 13 | 24 | 20 | -45.8 | -35.0 | 248 | 244 | 1.6 |
Proposals | 5 | 6 | 2 | -16.7 | 150.0 | 59 | 50 | 18.0 |
Public Administration | 1 | 0 | 0 | — | — | 5 | 9 | -44.4 |
Bankruptcies | 1 | 0 | 0 | — | — | 3 | 6 | -50.0 |
Proposals | 0 | 0 | 0 | — | — | 2 | 3 | -33.3 |
Total | 293 | 429 | 370 | -31.7 | -20.8 | 4,826 | 5,786 | -16.6 |
Bankruptcies | 219 | 324 | 294 | -32.4 | -25.5 | 3,715 | 4,553 | -18.4 |
Proposals | 74 | 105 | 76 | -29.5 | -2.6 | 1,111 | 1,233 | -9.9 |