Insolvency Statistics in Canada—2014 (Table 1)

Table 1: Total Insolvencies
Province Volume 2014
2014 2013 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 1,575 1,710 -7.9 119,861,858 184,634,073
Bankruptcies 1,375 1,545 -11.0 88,631,391 151,171,716
Proposals 200 165 21.2 31,230,467 33,462,357
Prince Edward Island 739 640 15.5 54,252,146 114,524,911
Bankruptcies 515 458 12.4 31,620,148 72,038,465
Proposals 224 182 23.1 22,631,998 42,486,446
Nova Scotia 5,304 4,771 11.2 446,204,169 587,885,619
Bankruptcies 3,778 3,379 11.8 249,979,510 397,202,543
Proposals 1,526 1,392 9.6 196,224,659 190,683,076
New Brunswick 4,395 4,037 8.9 378,268,055 595,545,679
Bankruptcies 3,089 2,910 6.2 213,750,860 394,742,315
Proposals 1,306 1,127 15.9 164,517,195 200,803,364
Quebec 43,891 42,127 4.2 3,390,901,079 7,070,982,298
Bankruptcies 26,137 26,812 -2.5 1,330,098,513 3,667,420,881
Proposals 17,754 15,315 15.9 2,060,802,566 3,403,561,417
Ontario 42,198 45,354 -7.0 3,804,668,818 6,323,805,165
Bankruptcies 20,069 22,731 -11.7 1,125,165,361 3,263,557,386
Proposals 22,129 22,623 -2.2 2,679,503,457 3,060,247,779
Manitoba 1,948 1,919 1.5 170,253,517 238,517,622
Bankruptcies 1,248 1,269 -1.7 88,062,111 162,176,171
Proposals 700 650 7.7 82,191,406 76,341,451
Saskatchewan 2,062 1,805 14.2 271,252,737 317,650,796
Bankruptcies 1,182 1,106 6.9 106,502,991 167,600,248
Proposals 880 699 25.9 164,749,746 150,050,548
Alberta 8,422 8,452 -0.4 1,494,169,071 2,174,682,820
Bankruptcies 3,964 4,826 -17.9 790,435,978 1,400,661,875
Proposals 4,458 3,626 22.9 703,733,093 774,020,945
British Columbia 11,639 12,057 -3.5 1,596,328,972 2,635,350,233
Bankruptcies 6,545 7,319 -10.6 741,351,469 1,816,608,228
Proposals 5,094 4,738 7.5 854,977,503 818,742,005
Northwest Territories 49 51 -3.9 3,656,825 6,726,744
Bankruptcies 26 31 -16.1 1,960,327 3,720,389
Proposals 23 20 15.0 1,696,498 3,006,355
Yukon 40 31 29.0 1,340,742 4,044,761
Bankruptcies 22 22 0.0 535,429 2,430,493
Proposals 18 9 100.0 805,313 1,614,268
Nunavut 7 5 40.0 327,504 1,650,635
Bankruptcies 5 3 66.7 284,173 1,478,522
Proposals 2 2 0.0 43,331 172,113
Canada 122,269 122,959 -0.6 11,731,485,493 20,256,001,356
Bankruptcies 67,955 72,411 -6.2 4,768,378,261 11,500,809,232
Proposals 54,314 50,548 7.5 6,963,107,232 8,755,192,124
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