Insolvency Statistics in Canada

Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
Province, territory or region	Volume			2015
Province, territory or region	2015	2014	% Change	Assets Declared at the Time of Filing ($)	Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador	27	30	-10.0	3,366,691	18,987,245
Bankruptcies	21	27	-22.2	3,286,999	7,205,911
Proposals	6	3	100.0	79,692	11,781,334
Avalon Peninsula	17	20	-15.0	1,993,026	15,761,286
Bankruptcies	13	17	-23.5	1,984,726	4,404,552
Proposals	4	3	33.3	8,300	11,356,734
South Coast – Burin Peninsula	0	0	--	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	0	--	0	0
West Coast – Northern Peninsula – Labrador	7	0	--	1,356,665	2,815,776
Bankruptcies	5	0	--	1,285,273	2,391,176
Proposals	2	0	--	71,392	424,600
Notre Dame – Central Bonavista Bay	3	10	-70.0	17,000	410,183
Bankruptcies	3	10	-70.0	17,000	410,183
Proposals	0	0	--	0	0
Prince Edward Island	16	18	-11.1	1,558,566	6,022,409
Bankruptcies	12	13	-7.7	1,474,820	5,317,689
Proposals	4	5	-20.0	83,746	704,720
Nova Scotia	93	77	20.8	34,140,149	109,612,111
Bankruptcies	69	52	32.7	32,870,443	88,132,139
Proposals	24	25	-4.0	1,269,706	21,479,972
Cape Breton	8	14	-42.9	11,797,969	28,138,306
Bankruptcies	5	9	-44.4	10,956,800	26,953,477
Proposals	3	5	-40.0	841,169	1,184,829
North Shore	14	6	133.3	3,424,483	7,429,145
Bankruptcies	14	5	180.0	3,022,959	6,709,975
Proposals	1	1	0.0	401,524	719,170
Annapolis Valley	8	10	-20.0	6,755,684	16,135,437
Bankruptcies	7	4	75.0	6,755,684	13,452,485
Proposals	1	6	-83.3	0	2,682,952
Southern	11	13	-15.4	1,257,553	10,348,160
Bankruptcies	7	7	0.0	1,248,448	2,118,704
Proposals	4	6	-33.3	9,105	8,229,456
Halifax	52	34	52.9	10,904,459	47,561,064
Bankruptcies	36	27	33.3	10,886,552	38,897,499
Proposals	15	7	114.3	17,907	8,663,565
New Brunswick	80	87	-8.0	22,605,984	77,511,373
Bankruptcies	59	68	-13.2	19,211,479	58,089,148
Proposals	21	19	10.5	3,394,505	19,422,225
Campbellton – Miramichi	19	21	-9.5	1,612,745	7,977,833
Bankruptcies	14	20	-30.0	1,315,119	3,020,734
Proposals	6	1	500.0	297,626	4,957,099
Moncton – Richibucto	28	24	16.7	8,962,101	30,899,859
Bankruptcies	22	18	22.2	6,343,028	19,893,015
Proposals	7	6	16.7	2,619,073	11,006,844
Saint John –St. Stephen	13	13	0.0	10,818,768	15,414,742
Bankruptcies	13	10	30.0	10,798,704	15,236,097
Proposals	1	3	-66.7	20,064	178,645
Fredericton – Oromocto	6	14	-57.1	162,467	19,327,944
Bankruptcies	5	10	-50.0	162,467	18,611,775
Proposals	2	4	-50.0	0	716,169
Edmundston – Woodstock	10	13	-23.1	1,049,902	3,890,993
Bankruptcies	6	9	-33.3	592,160	1,327,526
Proposals	5	4	25.0	457,742	2,563,467
Quebec	2,237	2,337	-4.3	261,316,988	1,721,742,295
Bankruptcies	1,684	1,690	-0.4	131,014,131	895,406,275
Proposals	553	647	-14.5	130,302,857	826,336,020
Gaspésie – Îles-de-la-Madeleine	15	20	-25.0	2,166,585	33,761,867
Bankruptcies	13	16	-18.8	2,017,514	33,358,798
Proposals	3	4	-25.0	149,071	403,069
Bas-Saint-Laurent	71	61	16.4	10,672,038	38,462,810
Bankruptcies	57	48	18.8	9,574,530	30,877,138
Proposals	13	13	0.0	1,097,508	7,585,672
Capitale-Nationale	193	191	1.0	14,153,122	67,553,046
Bankruptcies	150	146	2.7	13,153,516	37,819,948
Proposals	44	47	-6.4	999,606	29,733,098
Chaudière – Appalaches	91	109	-16.5	16,295,832	58,230,642
Bankruptcies	70	83	-15.7	14,109,799	26,723,535
Proposals	22	26	-15.4	2,186,033	31,507,107
Estrie	43	60	-28.3	3,898,554	38,038,661
Bankruptcies	33	46	-28.3	2,124,865	8,794,143
Proposals	11	14	-21.4	1,773,689	29,244,518
Centre-du-Québec	59	62	-4.8	2,464,592	28,170,533
Bankruptcies	45	51	-11.8	1,384,946	11,911,002
Proposals	14	11	27.3	1,079,646	16,259,531
Montérégie	381	424	-10.1	18,492,971	193,820,374
Bankruptcies	283	296	-4.4	16,283,337	111,674,398
Proposals	98	129	-24.0	2,209,634	82,145,976
Montréal	650	672	-3.3	125,861,487	852,548,729
Bankruptcies	463	484	-4.3	24,780,734	405,877,541
Proposals	186	189	-1.6	101,080,753	446,671,188
Laval	123	150	-18.0	4,272,583	59,374,321
Bankruptcies	96	111	-13.5	3,847,698	37,463,163
Proposals	27	39	-30.8	424,885	21,911,158
Lanaudière	119	138	-13.8	7,229,734	55,982,633
Bankruptcies	95	90	5.6	6,682,260	28,528,916
Proposals	25	48	-47.9	547,474	27,453,717
Laurentides	198	203	-2.5	8,566,004	123,219,773
Bankruptcies	149	153	-2.6	7,455,084	57,130,052
Proposals	48	50	-4.0	1,110,920	66,089,721
Outaouais	94	99	-5.1	8,631,751	50,839,408
Bankruptcies	71	67	6.0	7,738,438	45,588,831
Proposals	23	33	-30.3	893,313	5,250,577
Abitibi – Témiscamingue	25	22	13.6	1,321,915	5,026,700
Bankruptcies	22	18	22.2	1,121,848	4,739,177
Proposals	3	5	-40.0	200,067	287,523
Mauricie	78	50	56.0	21,584,083	40,738,646
Bankruptcies	58	39	48.7	6,170,619	17,224,263
Proposals	20	12	66.7	15,413,464	23,514,383
Saguenay – Lac-Saint-Jean	67	45	48.9	11,724,624	66,798,465
Bankruptcies	55	30	83.3	10,587,834	29,784,909
Proposals	12	17	-29.4	1,136,790	37,013,556
Côte-Nord	15	18	-16.7	3,160,566	6,404,027
Bankruptcies	15	10	50.0	3,160,565	6,046,813
Proposals	1	8	-87.5	1	357,214
Nord-du-Québec	10	3	233.3	820,544	2,771,659
Bankruptcies	8	2	300.0	820,542	1,863,648
Proposals	2	1	100.0	2	908,011
Ontario	1,141	1,090	4.7	223,939,288	3,167,610,154
Bankruptcies	884	835	5.9	178,534,654	2,826,654,641
Proposals	257	255	0.8	45,404,634	340,955,513
Ottawa	149	136	9.6	18,885,203	71,544,909
Bankruptcies	119	94	26.6	18,762,045	69,080,200
Proposals	31	41	-24.4	123,158	2,464,709
Kingston – Pembroke	28	29	-3.4	8,051,662	6,740,180
Bankruptcies	24	25	-4.0	7,805,690	6,253,858
Proposals	4	4	0.0	245,972	486,322
Muskoka – Kawarthas	11	9	22.2	133,076	1,311,141
Bankruptcies	11	8	37.5	133,076	1,311,141
Proposals	1	1	0.0	0	0
Toronto	583	542	7.6	142,037,595	2,684,017,317
Bankruptcies	457	411	11.2	109,390,273	2,492,087,318
Proposals	125	131	-4.6	32,647,322	191,929,999
Kitchener – Waterloo – Barrie	72	84	-14.3	11,426,970	95,179,522
Bankruptcies	56	65	-13.8	10,145,348	48,236,962
Proposals	16	19	-15.8	1,281,622	46,942,560
Hamilton – Niagara Peninsula	132	110	20.0	19,708,924	175,924,975
Bankruptcies	92	85	8.2	11,416,446	137,018,423
Proposals	41	25	64.0	8,292,478	38,906,552
London	38	38	0.0	7,218,478	76,644,910
Bankruptcies	28	28	0.0	7,138,323	21,542,257
Proposals	11	10	10.0	80,155	55,102,653
Windsor – Sarnia	35	49	-28.6	9,344,818	28,130,099
Bankruptcies	28	46	-39.1	8,617,014	27,065,932
Proposals	7	3	133.3	727,804	1,064,167
Stratford – Bruce Peninsula	19	23	-17.4	1,872,233	5,768,086
Bankruptcies	13	18	-27.8	1,134,357	4,355,504
Proposals	7	6	16.7	737,876	1,412,582
Northeast	59	52	13.5	4,575,062	19,254,831
Bankruptcies	50	43	16.3	3,363,507	16,872,738
Proposals	9	9	0.0	1,211,555	2,382,093
Northwest	10	15	-33.3	685,267	3,094,184
Bankruptcies	7	12	-41.7	628,576	2,830,308
Proposals	3	4	-25.0	56,691	263,876
Manitoba	38	57	-33.3	8,318,211	26,348,323
Bankruptcies	26	48	-45.8	4,602,489	20,995,329
Proposals	12	9	33.3	3,715,722	5,352,994
Southeast	8	6	33.3	1,964,906	14,887,450
Bankruptcies	7	6	16.7	1,940,406	14,405,874
Proposals	1	0	--	24,500	481,576
South Central	1	1	0.0	519,000	342,000
Bankruptcies	0	1	-100.0	0	0
Proposals	1	0	--	519,000	342,000
Southwest	7	14	-50.0	932,097	1,567,253
Bankruptcies	4	13	-69.2	664,969	1,148,093
Proposals	3	2	50.0	267,128	419,160
North Central	0	0	--	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	0	--	0	0
Winnipeg	16	26	-38.5	2,611,335	6,914,988
Bankruptcies	11	23	-52.2	1,230,643	3,548,340
Proposals	5	4	25.0	1,380,692	3,366,648
Interlake	1	3	-66.7	285,017	1,127,142
Bankruptcies	1	3	-66.7	285,017	1,127,142
Proposals	0	0	--	0	0
Parklands	2	1	100.0	1,524,402	743,610
Bankruptcies	0	1	-100.0	0	0
Proposals	2	0	--	1,524,402	743,610
North	3	4	-25.0	481,454	765,879
Bankruptcies	3	1	200.0	481,454	765,879
Proposals	0	3	-100.0	0	0
Saskatchewan	119	124	-4.0	12,465,626	46,509,675
Bankruptcies	85	77	10.4	8,652,841	28,531,046
Proposals	34	47	-27.7	3,812,785	17,978,629
Regina – Moose Mountain	57	44	29.5	7,214,172	16,322,935
Bankruptcies	37	25	48.0	4,312,564	2,659,137
Proposals	20	20	0.0	2,901,608	13,663,798
Swift Current – Moose Jaw	10	12	-16.7	1,167,069	824,129
Bankruptcies	6	7	-14.3	1,088,744	297,370
Proposals	4	6	-33.3	78,325	526,759
Saskatoon – Biggar	22	30	-26.7	1,929,212	25,253,874
Bankruptcies	19	21	-9.5	1,680,354	23,925,231
Proposals	3	9	-66.7	248,858	1,328,643
Yorkton – Melville	11	15	-26.7	723,526	582,403
Bankruptcies	10	13	-23.1	713,812	549,102
Proposals	1	3	-66.7	9,714	33,301
Prince Albert	18	19	-5.3	1,431,648	3,526,333
Bankruptcies	12	12	0.0	857,368	1,100,205
Proposals	6	8	-25.0	574,280	2,426,128
Northern	0	0	--	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	0	--	0	0
Alberta	134	141	-5.0	74,476,476	283,945,121
Bankruptcies	95	105	-9.5	71,383,315	251,021,969
Proposals	39	36	8.3	3,093,161	32,923,152
Lethbridge – Medicine Hat	3	6	-50.0	1,192,851	2,436,384
Bankruptcies	3	5	-40.0	1,192,851	2,436,384
Proposals	0	1	-100.0	0	0
Camrose – Drumheller	2	8	-75.0	7,547	1,208,067
Bankruptcies	1	7	-85.7	7,547	1,208,067
Proposals	1	1	0.0	0	0
Calgary	55	62	-11.3	53,186,793	198,963,831
Bankruptcies	43	46	-6.5	53,111,195	198,592,636
Proposals	12	16	-25.0	75,598	371,195
Banff – Jasper – Rocky Mountain House	1	2	-50.0	41,755	128,327
Bankruptcies	1	2	-50.0	41,755	128,327
Proposals	0	0	--	0	0
Red Deer	9	13	-30.8	2,033,029	8,704,289
Bankruptcies	6	8	-25.0	1,896,818	5,469,029
Proposals	3	5	-40.0	136,211	3,235,260
Edmonton	47	43	9.3	14,037,869	54,081,373
Bankruptcies	30	33	-9.1	11,762,278	31,008,201
Proposals	17	10	70.0	2,275,591	23,073,172
Athabasca –Grande Prairie – Peace River	14	3	366.7	3,870,507	18,078,625
Bankruptcies	9	0	--	3,264,746	11,835,101
Proposals	5	3	66.7	605,761	6,243,524
Wood Buffalo – Cold Lake	2	2	0.0	106,124	344,223
Bankruptcies	1	2	-50.0	106,124	344,223
Proposals	1	0	--	0	0
British Columbia	222	256	-13.3	38,476,145	486,635,393
Bankruptcies	154	200	-23.0	27,293,393	350,953,843
Proposals	68	56	21.4	11,182,752	135,681,550
Vancouver Island and Coast	37	44	-15.9	5,682,581	67,187,403
Bankruptcies	27	39	-30.8	5,629,704	66,232,748
Proposals	9	5	80.0	52,877	954,655
Lower Mainland – Southwest	146	168	-13.1	30,170,384	246,378,569
Bankruptcies	97	130	-25.4	19,626,607	112,513,678
Proposals	48	39	23.1	10,543,777	133,864,891
Thompson – Okanagan	26	30	-13.3	897,495	160,970,056
Bankruptcies	20	24	-16.7	733,586	160,710,491
Proposals	7	7	0.0	163,909	259,565
Kootenay	1	6	-83.3	6,371	127,681
Bankruptcies	0	3	-100.0	0	0
Proposals	1	3	-66.7	6,371	127,681
Cariboo	5	2	150.0	831,490	10,413,241
Bankruptcies	6	2	200.0	831,490	10,413,241
Proposals	0	0	--	0	0
North Coast	2	0	--	322,789	763,114
Bankruptcies	2	0	--	322,789	763,114
Proposals	0	0	--	0	0
Nechako	0	0	--	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	0	--	0	0
Northeast	3	3	0.0	565,035	795,329
Bankruptcies	1	2	-50.0	149,217	320,571
Proposals	2	1	100.0	415,818	474,758
Northwest Territories	0	0	--	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	0	--	0	0
Yukon	0	1	-100.0	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	1	-100.0	0	0
Nunavut	0	1	-100.0	0	0
Bankruptcies	0	1	-100.0	0	0
Proposals	0	0	--	0	0

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Insolvency Statistics in Canada—2015 (Table 6)