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Insolvency Statistics in Canada - May 2012
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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 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.
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2012 | April 2012 | May 2011 | April 2012 to May 2012 | May 2011 to May 2012 | 05-31-2012 | 05-31-2011 | % Change | |
Newfoundland and Labrador | 178 | 164 | 214 | 8.5 | -16.8 | 1,929 | 2,335 | -17.4 |
Bankruptcies | 157 | 148 | 196 | 6.1 | -19.9 | 1,794 | 2,187 | -18.0 |
Proposals | 21 | 16 | 18 | 31.3 | 16.7 | 135 | 148 | -8.8 |
Prince Edward Island | 52 | 59 | 43 | -11.9 | 20.9 | 612 | 653 | -6.3 |
Bankruptcies | 38 | 38 | 38 | 0.0 | 0.0 | 476 | 583 | -18.4 |
Proposals | 14 | 21 | 5 | -33.3 | 180.0 | 136 | 70 | 94.3 |
Nova Scotia | 420 | 404 | 356 | 4.0 | 18.0 | 4,555 | 5,089 | -10.5 |
Bankruptcies | 333 | 323 | 286 | 3.1 | 16.4 | 3,541 | 4,102 | -13.7 |
Proposals | 87 | 81 | 70 | 7.4 | 24.3 | 1,014 | 987 | 2.7 |
New Brunswick | 366 | 318 | 287 | 15.1 | 27.5 | 3,847 | 3,611 | 6.5 |
Bankruptcies | 302 | 240 | 238 | 25.8 | 26.9 | 3,030 | 3,005 | 0.8 |
Proposals | 64 | 78 | 49 | -17.9 | 30.6 | 817 | 606 | 34.8 |
Quebec | 3,494 | 3,257 | 3,365 | 7.3 | 3.8 | 37,874 | 39,428 | -3.9 |
Bankruptcies | 2,430 | 2,252 | 2,425 | 7.9 | 0.2 | 26,676 | 28,934 | -7.8 |
Proposals | 1,064 | 1,005 | 940 | 5.9 | 13.2 | 11,198 | 10,494 | 6.7 |
Ontario | 4,641 | 4,255 | 4,509 | 9.1 | 2.9 | 51,002 | 55,999 | -8.9 |
Bankruptcies | 2,264 | 2,164 | 2,336 | 4.6 | -3.1 | 25,843 | 30,819 | -16.1 |
Proposals | 2,377 | 2,091 | 2,173 | 13.7 | 9.4 | 25,159 | 25,180 | -0.1 |
Manitoba | 179 | 172 | 181 | 4.1 | -1.1 | 2,107 | 2,540 | -17.0 |
Bankruptcies | 116 | 119 | 136 | -2.5 | -14.7 | 1,453 | 1,856 | -21.7 |
Proposals | 63 | 53 | 45 | 18.9 | 40.0 | 654 | 684 | -4.4 |
Saskatchewan | 167 | 153 | 200 | 9.2 | -16.5 | 2,046 | 2,370 | -13.7 |
Bankruptcies | 97 | 91 | 121 | 6.6 | -19.8 | 1,233 | 1,512 | -18.5 |
Proposals | 70 | 62 | 79 | 12.9 | -11.4 | 813 | 858 | -5.2 |
Alberta | 826 | 819 | 867 | 0.9 | -4.7 | 10,100 | 10,977 | -8.0 |
Bankruptcies | 543 | 543 | 639 | 0.0 | -15.0 | 6,793 | 8,106 | -16.2 |
Proposals | 283 | 276 | 228 | 2.5 | 24.1 | 3,307 | 2,871 | 15.2 |
British Columbia | 1,072 | 1,129 | 980 | -5.0 | 9.4 | 12,160 | 12,522 | -2.9 |
Bankruptcies | 711 | 752 | 695 | -5.5 | 2.3 | 8,008 | 9,308 | -14.0 |
Proposals | 361 | 377 | 285 | -4.2 | 26.7 | 4,152 | 3,214 | 29.2 |
Northwest Territories | 1 | 5 | 2 | -80.0 | -50.0 | 48 | 46 | 4.3 |
Bankruptcies | 1 | 2 | 0 | -50.0 | — | 33 | 28 | 17.9 |
Proposals | 0 | 3 | 2 | -100.0 | -100.0 | 15 | 18 | -16.7 |
Yukon | 1 | 2 | 2 | -50.0 | -50.0 | 29 | 43 | -32.6 |
Bankruptcies | 1 | 2 | 2 | -50.0 | -50.0 | 25 | 38 | -34.2 |
Proposals | 0 | 0 | 0 | — | — | 4 | 5 | -20.0 |
Nunavut | 0 | 0 | 0 | — | — | 5 | 6 | -16.7 |
Bankruptcies | 0 | 0 | 0 | — | — | 3 | 6 | -50.0 |
Proposals | 0 | 0 | 0 | — | — | 2 | 0 | — |
Canada | 11,397 | 10,737 | 11,006 | 6.1 | 3.6 | 126,314 | 135,619 | -6.9 |
Bankruptcies | 6,993 | 6,674 | 7,112 | 4.8 | -1.7 | 78,908 | 90,484 | -12.8 |
Proposals | 4,404 | 4,063 | 3,894 | 8.4 | 13.1 | 47,406 | 45,135 | 5.0 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2012 | April 2012 | May 2011 | April 2012 to May 2012 | May 2011 to May 2012 | 05-31-2012 | 05-31-2011 | % Change | |
Newfoundland and Labrador | 178 | 163 | 214 | 9.2 | -16.8 | 1,909 | 2,307 | -17.3 |
Bankruptcies | 157 | 147 | 196 | 6.8 | -19.9 | 1,776 | 2,161 | -17.8 |
Proposals | 21 | 16 | 18 | 31.3 | 16.7 | 133 | 146 | -8.9 |
Prince Edward Island | 52 | 59 | 42 | -11.9 | 23.8 | 591 | 631 | -6.3 |
Bankruptcies | 38 | 38 | 38 | 0.0 | 0.0 | 458 | 569 | -19.5 |
Proposals | 14 | 21 | 4 | -33.3 | 250.0 | 133 | 62 | 114.5 |
Nova Scotia | 411 | 398 | 343 | 3.3 | 19.8 | 4,463 | 4,925 | -9.4 |
Bankruptcies | 325 | 318 | 275 | 2.2 | 18.2 | 3,465 | 3,964 | -12.6 |
Proposals | 86 | 80 | 68 | 7.5 | 26.5 | 998 | 961 | 3.9 |
New Brunswick | 360 | 309 | 277 | 16.5 | 30.0 | 3,783 | 3,543 | 6.8 |
Bankruptcies | 296 | 236 | 229 | 25.4 | 29.3 | 2,982 | 2,949 | 1.1 |
Proposals | 64 | 73 | 48 | -12.3 | 33.3 | 801 | 594 | 34.8 |
Quebec | 3,292 | 3,091 | 3,155 | 6.5 | 4.3 | 35,813 | 37,319 | -4.0 |
Bankruptcies | 2,295 | 2,122 | 2,275 | 8.2 | 0.9 | 25,180 | 27,367 | -8.0 |
Proposals | 997 | 969 | 880 | 2.9 | 13.3 | 10,633 | 9,952 | 6.8 |
Ontario | 4,528 | 4,140 | 4,376 | 9.4 | 3.5 | 49,461 | 54,301 | -8.9 |
Bankruptcies | 2,186 | 2,079 | 2,236 | 5.1 | -2.2 | 24,646 | 29,456 | -16.3 |
Proposals | 2,342 | 2,061 | 2,140 | 13.6 | 9.4 | 24,815 | 24,845 | -0.1 |
Manitoba | 175 | 172 | 179 | 1.7 | -2.2 | 2,040 | 2,474 | -17.5 |
Bankruptcies | 112 | 119 | 136 | -5.9 | -17.6 | 1,397 | 1,806 | -22.6 |
Proposals | 63 | 53 | 43 | 18.9 | 46.5 | 643 | 668 | -3.7 |
Saskatchewan | 153 | 139 | 189 | 10.1 | -19.0 | 1,894 | 2,228 | -15.0 |
Bankruptcies | 89 | 81 | 112 | 9.9 | -20.5 | 1,128 | 1,417 | -20.4 |
Proposals | 64 | 58 | 77 | 10.3 | -16.9 | 766 | 811 | -5.5 |
Alberta | 791 | 794 | 839 | -0.4 | -5.7 | 9,751 | 10,598 | -8.0 |
Bankruptcies | 515 | 523 | 617 | -1.5 | -16.5 | 6,534 | 7,788 | -16.1 |
Proposals | 276 | 271 | 222 | 1.8 | 24.3 | 3,217 | 2,810 | 14.5 |
British Columbia | 1,053 | 1,103 | 961 | -4.5 | 9.6 | 11,891 | 12,283 | -3.2 |
Bankruptcies | 695 | 731 | 681 | -4.9 | 2.1 | 7,800 | 9,116 | -14.4 |
Proposals | 358 | 372 | 280 | -3.8 | 27.9 | 4,091 | 3,167 | 29.2 |
Northwest Territories | 1 | 4 | 2 | -75.0 | -50.0 | 47 | 43 | 9.3 |
Bankruptcies | 1 | 2 | 0 | -50.0 | — | 33 | 28 | 17.9 |
Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 14 | 15 | -6.7 |
Yukon | 0 | 2 | 2 | -100.0 | -100.0 | 27 | 42 | -35.7 |
Bankruptcies | 0 | 2 | 2 | -100.0 | -100.0 | 23 | 38 | -39.5 |
Proposals | 0 | 0 | 0 | — | — | 4 | 4 | 0.0 |
Nunavut | 0 | 0 | 0 | — | — | 5 | 6 | -16.7 |
Bankruptcies | 0 | 0 | 0 | — | — | 3 | 6 | -50.0 |
Proposals | 0 | 0 | 0 | — | — | 2 | 0 | — |
Canada | 10,994 | 10,374 | 10,579 | 6.0 | 3.9 | 121,675 | 130,700 | -6.9 |
Bankruptcies | 6,709 | 6,398 | 6,797 | 4.9 | -1.3 | 75,425 | 86,665 | -13.0 |
Proposals | 4,285 | 3,976 | 3,782 | 7.8 | 13.3 | 46,250 | 44,035 | 5.0 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2012 | April 2012 | May 2011 | April 2012 to May 2012 | May 2011 to May 2012 | 05-31-2012 | 05-31-2011 | % Change | |
Newfoundland and Labrador | 0 | 1 | 0 | -100.0 | — | 20 | 28 | -28.6 |
Bankruptcies | 0 | 1 | 0 | -100.0 | — | 18 | 26 | -30.8 |
Proposals | 0 | 0 | 0 | — | — | 2 | 2 | 0.0 |
Prince Edward Island | 0 | 0 | 1 | — | -100.0 | 21 | 22 | -4.5 |
Bankruptcies | 0 | 0 | 0 | — | — | 18 | 14 | 28.6 |
Proposals | 0 | 0 | 1 | — | -100.0 | 3 | 8 | -62.5 |
Nova Scotia | 9 | 6 | 13 | 50.0 | -30.8 | 92 | 164 | -43.9 |
Bankruptcies | 8 | 5 | 11 | 60.0 | -27.3 | 76 | 138 | -44.9 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 16 | 26 | -38.5 |
New Brunswick | 6 | 9 | 10 | -33.3 | -40.0 | 64 | 68 | -5.9 |
Bankruptcies | 6 | 4 | 9 | 50.0 | -33.3 | 48 | 56 | -14.3 |
Proposals | 0 | 5 | 1 | -100.0 | -100.0 | 16 | 12 | 33.3 |
Quebec | 202 | 166 | 210 | 21.7 | -3.8 | 2,061 | 2,109 | -2.3 |
Bankruptcies | 135 | 130 | 150 | 3.8 | -10.0 | 1,496 | 1,567 | -4.5 |
Proposals | 67 | 36 | 60 | 86.1 | 11.7 | 565 | 542 | 4.2 |
Ontario | 113 | 115 | 133 | -1.7 | -15.0 | 1,541 | 1,698 | -9.2 |
Bankruptcies | 78 | 85 | 100 | -8.2 | -22.0 | 1,197 | 1,363 | -12.2 |
Proposals | 35 | 30 | 33 | 16.7 | 6.1 | 344 | 335 | 2.7 |
Manitoba | 4 | 0 | 2 | — | 100.0 | 67 | 66 | 1.5 |
Bankruptcies | 4 | 0 | 0 | — | — | 56 | 50 | 12.0 |
Proposals | 0 | 0 | 2 | — | -100.0 | 11 | 16 | -31.3 |
Saskatchewan | 14 | 14 | 11 | 0.0 | 27.3 | 152 | 142 | 7.0 |
Bankruptcies | 8 | 10 | 9 | -20.0 | -11.1 | 105 | 95 | 10.5 |
Proposals | 6 | 4 | 2 | 50.0 | 200.0 | 47 | 47 | 0.0 |
Alberta | 35 | 25 | 28 | 40.0 | 25.0 | 349 | 379 | -7.9 |
Bankruptcies | 28 | 20 | 22 | 40.0 | 27.3 | 259 | 318 | -18.6 |
Proposals | 7 | 5 | 6 | 40.0 | 16.7 | 90 | 61 | 47.5 |
British Columbia | 19 | 26 | 19 | -26.9 | 0.0 | 269 | 239 | 12.6 |
Bankruptcies | 16 | 21 | 14 | -23.8 | 14.3 | 208 | 192 | 8.3 |
Proposals | 3 | 5 | 5 | -40.0 | -40.0 | 61 | 47 | 29.8 |
Northwest Territories | 0 | 1 | 0 | -100.0 | — | 1 | 3 | -66.7 |
Bankruptcies | 0 | 0 | 0 | — | — | 0 | 0 | — |
Proposals | 0 | 1 | 0 | -100.0 | — | 1 | 3 | -66.7 |
Yukon | 1 | 0 | 0 | — | — | 2 | 1 | 100.0 |
Bankruptcies | 1 | 0 | 0 | — | — | 2 | 0 | — |
Proposals | 0 | 0 | 0 | — | — | 0 | 1 | -100.0 |
Nunavut | 0 | 0 | 0 | — | — | 0 | 0 | — |
Bankruptcies | 0 | 0 | 0 | — | — | 0 | 0 | — |
Proposals | 0 | 0 | 0 | — | — | 0 | 0 | — |
Canada | 403 | 363 | 427 | 11.0 | -5.6 | 4,639 | 4,919 | -5.7 |
Bankruptcies | 284 | 276 | 315 | 2.9 | -9.8 | 3,483 | 3,819 | -8.8 |
Proposals | 119 | 87 | 112 | 36.8 | 6.3 | 1,156 | 1,100 | 5.1 |
Sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2012 | April 2012 | May 2011 | April 2012 to May 2012 | May 2011 to May 2012 | 05-31-2012 | 05-31-2011 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 14 | 11 | 10 | 27.3 | 40.0 | 125 | 138 | -9.4 |
Bankruptcies | 10 | 8 | 4 | 25.0 | 150.0 | 98 | 89 | 10.1 |
Proposals | 4 | 3 | 6 | 33.3 | -33.3 | 27 | 49 | -44.9 |
Mining and Oil and Gas Extraction | 2 | 3 | 3 | -33.3 | -33.3 | 18 | 42 | -57.1 |
Bankruptcies | 2 | 3 | 2 | -33.3 | 0.0 | 13 | 27 | -51.9 |
Proposals | 0 | 0 | 1 | — | -100.0 | 5 | 15 | -66.7 |
Utilities | 1 | 3 | 1 | -66.7 | 0.0 | 16 | 10 | 60.0 |
Bankruptcies | 1 | 2 | 1 | -50.0 | 0.0 | 12 | 8 | 50.0 |
Proposals | 0 | 1 | 0 | -100.0 | — | 4 | 2 | 100.0 |
Construction | 76 | 62 | 74 | 22.6 | 2.7 | 804 | 814 | -1.2 |
Bankruptcies | 55 | 52 | 58 | 5.8 | -5.2 | 613 | 659 | -7.0 |
Proposals | 21 | 10 | 16 | 110.0 | 31.3 | 191 | 155 | 23.2 |
Manufacturing | 39 | 37 | 41 | 5.4 | -4.9 | 525 | 537 | -2.2 |
Bankruptcies | 23 | 30 | 29 | -23.3 | -20.7 | 376 | 380 | -1.1 |
Proposals | 16 | 7 | 12 | 128.6 | 33.3 | 149 | 157 | -5.1 |
Wholesale Trade | 19 | 18 | 29 | 5.6 | -34.5 | 249 | 292 | -14.7 |
Bankruptcies | 12 | 12 | 24 | 0.0 | -50.0 | 185 | 232 | -20.3 |
Proposals | 7 | 6 | 5 | 16.7 | 40.0 | 64 | 60 | 6.7 |
Retail Trade | 50 | 59 | 50 | -15.3 | 0.0 | 618 | 704 | -12.2 |
Bankruptcies | 38 | 50 | 34 | -24.0 | 11.8 | 467 | 561 | -16.8 |
Proposals | 12 | 9 | 16 | 33.3 | -25.0 | 151 | 143 | 5.6 |
Transportation and Warehousing | 19 | 22 | 30 | -13.6 | -36.7 | 281 | 329 | -14.6 |
Bankruptcies | 15 | 16 | 24 | -6.3 | -37.5 | 223 | 273 | -18.3 |
Proposals | 4 | 6 | 6 | -33.3 | -33.3 | 58 | 56 | 3.6 |
Information and Cultural Industries | 6 | 6 | 7 | 0.0 | -14.3 | 68 | 82 | -17.1 |
Bankruptcies | 5 | 6 | 2 | -16.7 | 150.0 | 55 | 52 | 5.8 |
Proposals | 1 | 0 | 5 | — | -80.0 | 13 | 30 | -56.7 |
Finance and Insurance | 8 | 3 | 9 | 166.7 | -11.1 | 93 | 110 | -15.5 |
Bankruptcies | 7 | 2 | 8 | 250.0 | -12.5 | 65 | 92 | -29.3 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 28 | 18 | 55.6 |
Real Estate and Rental and Leasing | 9 | 9 | 15 | 0.0 | -40.0 | 120 | 168 | -28.6 |
Bankruptcies | 4 | 4 | 14 | 0.0 | -71.4 | 81 | 136 | -40.4 |
Proposals | 5 | 5 | 1 | 0.0 | 400.0 | 39 | 32 | 21.9 |
Professional, Scientific and Technical Services | 26 | 17 | 23 | 52.9 | 13.0 | 295 | 283 | 4.2 |
Bankruptcies | 18 | 10 | 10 | 80.0 | 80.0 | 211 | 199 | 6.0 |
Proposals | 8 | 7 | 13 | 14.3 | -38.5 | 84 | 84 | 0.0 |
Management of Companies and Enterprises | 7 | 3 | 8 | 133.3 | -12.5 | 57 | 49 | 16.3 |
Bankruptcies | 5 | 3 | 8 | 66.7 | -37.5 | 43 | 43 | 0.0 |
Proposals | 2 | 0 | 0 | — | — | 14 | 6 | 133.3 |
Administrative and Support, Waste Management and Remediation Services | 23 | 11 | 15 | 109.1 | 53.3 | 225 | 207 | 8.7 |
Bankruptcies | 16 | 9 | 12 | 77.8 | 33.3 | 167 | 168 | -0.6 |
Proposals | 7 | 2 | 3 | 250.0 | 133.3 | 58 | 39 | 48.7 |
Educational Services | 5 | 1 | 1 | 400.0 | 400.0 | 35 | 40 | -12.5 |
Bankruptcies | 3 | 1 | 0 | 200.0 | — | 25 | 32 | -21.9 |
Proposals | 2 | 0 | 1 | — | 100.0 | 10 | 8 | 25.0 |
Health Care and Social Assistance | 6 | 5 | 10 | 20.0 | -40.0 | 62 | 76 | -18.4 |
Bankruptcies | 4 | 4 | 8 | 0.0 | -50.0 | 43 | 60 | -28.3 |
Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 19 | 16 | 18.8 |
Arts, Entertainment and Recreation | 6 | 4 | 12 | 50.0 | -50.0 | 85 | 89 | -4.5 |
Bankruptcies | 5 | 4 | 10 | 25.0 | -50.0 | 73 | 78 | -6.4 |
Proposals | 1 | 0 | 2 | — | -50.0 | 12 | 11 | 9.1 |
Accommodation and Food Services | 64 | 64 | 65 | 0.0 | -1.5 | 677 | 634 | 6.8 |
Bankruptcies | 41 | 41 | 47 | 0.0 | -12.8 | 497 | 473 | 5.1 |
Proposals | 23 | 23 | 18 | 0.0 | 27.8 | 180 | 161 | 11.8 |
Other Services (except Public Administration) | 23 | 24 | 24 | -4.2 | -4.2 | 278 | 311 | -10.6 |
Bankruptcies | 20 | 19 | 20 | 5.3 | 0.0 | 230 | 255 | -9.8 |
Proposals | 3 | 5 | 4 | -40.0 | -25.0 | 48 | 56 | -14.3 |
Public Administration | 0 | 1 | 0 | -100.0 | — | 7 | 4 | 75.0 |
Bankruptcies | 0 | 0 | 0 | — | — | 5 | 2 | 150.0 |
Proposals | 0 | 1 | 0 | -100.0 | — | 2 | 2 | 0.0 |
Total | 403 | 363 | 427 | 11.0 | -5.6 | 4,639 | 4,919 | -5.7 |
Bankruptcies | 284 | 276 | 315 | 2.9 | -9.8 | 3,483 | 3,819 | -8.8 |
Proposals | 119 | 87 | 112 | 36.8 | 6.3 | 1,156 | 1,100 | 5.1 |