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Insolvency Statistics in Canada—September 2018

Tables

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

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.

Business: Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business.

Consumer: An individual with more than 50% of total liabilities related to consumer goods and services.

North American Industry Classification System (NAICS): System that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.

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.

Table 1: Total Insolvencies

Volume

% Change

12-Month Period Ending

September 2018

August 2018

September 2017

Aug. 2018
to
Sept. 2018

Sept. 2017
to
Sept. 2018

09-30-2018

09-30-2017

% Change

Newfoundland and Labrador

222

241

228

-7.9

-2.6

2,777

2,434

14.1

Bankruptcies

124

120

118

3.3

5.1

1,409

1,396

0.9

Proposals

98

121

110

-19.0

-10.9

1,368

1,038

31.8

Prince Edward Island

44

62

56

-29.0

-21.4

715

712

0.4

Bankruptcies

26

31

35

-16.1

-25.7

416

432

-3.7

Proposals

18

31

21

-41.9

-14.3

299

280

6.8

Nova Scotia

443

487

494

-9.0

-10.3

5,581

5,906

-5.5

Bankruptcies

296

297

338

-0.3

-12.4

3,517

4,032

-12.8

Proposals

147

190

156

-22.6

-5.8

2,064

1,874

10.1

New Brunswick

387

414

349

-6.5

10.9

4,436

4,479

-1.0

Bankruptcies

201

200

191

0.5

5.2

2,277

2,659

-14.4

Proposals

186

214

158

-13.1

17.7

2,159

1,820

18.6

Quebec

3,600

3,612

3,628

-0.3

-0.8

43,744

43,681

0.1

Bankruptcies

1,878

1,928

2,050

-2.6

-8.4

22,991

24,607

-6.6

Proposals

1,722

1,684

1,578

2.3

9.1

20,753

19,074

8.8

Ontario

3,083

3,294

3,183

-6.4

-3.1

39,044

39,225

-0.5

Bankruptcies

1,220

1,248

1,333

-2.2

-8.5

15,465

16,273

-5.0

Proposals

1,863

2,046

1,850

-8.9

0.7

23,579

22,952

2.7

Manitoba

234

239

224

-2.1

4.5

2,771

2,604

6.4

Bankruptcies

113

108

120

4.6

-5.8

1,411

1,376

2.5

Proposals

121

131

104

-7.6

16.3

1,360

1,228

10.7

Saskatchewan

296

310

296

-4.5

0.0

3,415

3,220

6.1

Bankruptcies

120

126

108

-4.8

11.1

1,376

1,465

-6.1

Proposals

176

184

188

-4.3

-6.4

2,039

1,755

16.2

Alberta

1,135

1,258

1,119

-9.8

1.4

14,247

13,414

6.2

Bankruptcies

352

446

409

-21.1

-13.9

5,046

5,251

-3.9

Proposals

783

812

710

-3.6

10.3

9,201

8,163

12.7

British Columbia

841

832

773

1.1

8.8

10,092

10,134

-0.4

Bankruptcies

351

337

329

4.2

6.7

4,139

4,361

-5.1

Proposals

490

495

444

-1.0

10.4

5,953

5,773

3.1

Northwest Territories

7

8

16

-12.5

-56.3

97

68

42.6

Bankruptcies

6

3

11

100.0

-45.5

55

43

27.9

Proposals

1

5

5

-80.0

-80.0

42

25

68.0

Yukon

1

1

2

0.0

-50.0

36

33

9.1

Bankruptcies

0

0

0

n/a

n/a

13

16

-18.8

Proposals

1

1

2

0.0

-50.0

23

17

35.3

Nunavut

1

0

0

n/a

n/a

7

2

250.0

Bankruptcies

0

0

0

n/a

n/a

2

0

n/a

Proposals

1

0

0

n/a

n/a

5

2

150.0

Canada

10,294

10,758

10,368

-4.3

-0.7

126,962

125,912

0.8

Bankruptcies

4,687

4,844

5,042

-3.2

-7.0

58,117

61,911

-6.1

Proposals

5,607

5,914

5,326

-5.2

5.3

68,845

64,001

7.6

Table 2: Insolvencies Filed by Consumers

Volume

% Change

12-Month Period Ending

September 2018

August 2018

September 2017

Aug. 2018
to
Sept. 2018

Sept. 2017
to
Sept. 2018

09-30-2018

09-30-2017

% Change

Newfoundland and Labrador

217

240

226

-9.6

-4.0

2,753

2,398

14.8

Bankruptcies

119

119

116

0.0

2.6

1,391

1,369

1.6

Proposals

98

121

110

-19.0

-10.9

1,362

1,029

32.4

Prince Edward Island

43

61

55

-29.5

-21.8

711

699

1.7

Bankruptcies

25

31

34

-19.4

-26.5

413

422

-2.1

Proposals

18

30

21

-40.0

-14.3

298

277

7.6

Nova Scotia

438

479

491

-8.6

-10.8

5,532

5,849

-5.4

Bankruptcies

293

293

335

0.0

-12.5

3,483

3,984

-12.6

Proposals

145

186

156

-22.0

-7.1

2,049

1,865

9.9

New Brunswick

382

412

349

-7.3

9.5

4,388

4,429

-0.9

Bankruptcies

198

199

191

-0.5

3.7

2,241

2,616

-14.3

Proposals

184

213

158

-13.6

16.5

2,147

1,813

18.4

Quebec

3,426

3,454

3,469

-0.8

-1.2

41,667

41,625

0.1

Bankruptcies

1,753

1,803

1,933

-2.8

-9.3

21,435

23,045

-7.0

Proposals

1,673

1,651

1,536

1.3

8.9

20,232

18,580

8.9

Ontario

3,012

3,226

3,125

-6.6

-3.6

38,131

38,351

-0.6

Bankruptcies

1,166

1,202

1,294

-3.0

-9.9

14,794

15,638

-5.4

Proposals

1,846

2,024

1,831

-8.8

0.8

23,337

22,713

2.7

Manitoba

230

237

223

-3.0

3.1

2,738

2,561

6.9

Bankruptcies

109

107

120

1.9

-9.2

1,382

1,344

2.8

Proposals

121

130

103

-6.9

17.5

1,356

1,217

11.4

Saskatchewan

287

304

292

-5.6

-1.7

3,301

3,099

6.5

Bankruptcies

113

124

104

-8.9

8.7

1,299

1,375

-5.5

Proposals

174

180

188

-3.3

-7.4

2,002

1,724

16.1

Alberta

1,124

1,233

1,111

-8.8

1.2

14,045

13,208

6.3

Bankruptcies

348

423

404

-17.7

-13.9

4,899

5,111

-4.1

Proposals

776

810

707

-4.2

9.8

9,146

8,097

13.0

British Columbia

837

824

763

1.6

9.7

9,985

9,975

0.1

Bankruptcies

347

331

320

4.8

8.4

4,061

4,230

-4.0

Proposals

490

493

443

-0.6

10.6

5,924

5,745

3.1

Northwest Territories

7

8

16

-12.5

-56.3

97

67

44.8

Bankruptcies

6

3

11

100.0

-45.5

55

42

31.0

Proposals

1

5

5

-80.0

-80.0

42

25

68.0

Yukon

1

1

2

0.0

-50.0

36

33

9.1

Bankruptcies

0

0

0

n/a

n/a

13

16

-18.8

Proposals

1

1

2

0.0

-50.0

23

17

35.3

Nunavut

1

0

0

n/a

n/a

7

2

250.0

Bankruptcies

0

0

0

n/a

n/a

2

0

n/a

Proposals

1

0

0

n/a

n/a

5

2

150.0

Canada

10,005

10,479

10,122

-4.5

-1.2

123,391

122,296

0.9

Bankruptcies

4,477

4,635

4,862

-3.4

-7.9

55,468

59,192

-6.3

Proposals

5,528

5,844

5,260

-5.4

5.1

67,923

63,104

7.6

Table 3: Insolvencies Filed by Businesses

Volume

% Change

12-Month Period Ending

September 2018

August 2018

September 2017

Aug. 2018
to
Sept. 2018

Sept. 2017
to
Sept. 2018

09-30-2018

09-30-2017

% Change

Newfoundland and Labrador

5

1

2

400.0

150.0

24

36

-33.3

Bankruptcies

5

1

2

400.0

150.0

18

27

-33.3

Proposals

0

0

0

n/a

n/a

6

9

-33.3

Prince Edward Island

1

1

1

0.0

0.0

4

13

-69.2

Bankruptcies

1

0

1

n/a

0.0

3

10

-70.0

Proposals

0

1

0

-100.0

n/a

1

3

-66.7

Nova Scotia

5

8

3

-37.5

66.7

49

57

-14.0

Bankruptcies

3

4

3

-25.0

0.0

34

48

-29.2

Proposals

2

4

0

-50.0

n/a

15

9

66.7

New Brunswick

5

2

0

150.0

n/a

48

50

-4.0

Bankruptcies

3

1

0

200.0

n/a

36

43

-16.3

Proposals

2

1

0

100.0

n/a

12

7

71.4

Quebec

174

158

159

10.1

9.4

2,077

2,056

1.0

Bankruptcies

125

125

117

0.0

6.8

1,556

1,562

-0.4

Proposals

49

33

42

48.5

16.7

521

494

5.5

Ontario

71

68

58

4.4

22.4

913

874

4.5

Bankruptcies

54

46

39

17.4

38.5

671

635

5.7

Proposals

17

22

19

-22.7

-10.5

242

239

1.3

Manitoba

4

2

1

100.0

300.0

33

43

-23.3

Bankruptcies

4

1

0

300.0

n/a

29

32

-9.4

Proposals

0

1

1

-100.0

-100.0

4

11

-63.6

Saskatchewan

9

6

4

50.0

125.0

114

121

-5.8

Bankruptcies

7

2

4

250.0

75.0

77

90

-14.4

Proposals

2

4

0

-50.0

n/a

37

31

19.4

Alberta

11

25

8

-56.0

37.5

202

206

-1.9

Bankruptcies

4

23

5

-82.6

-20.0

147

140

5.0

Proposals

7

2

3

250.0

133.3

55

66

-16.7

British Columbia

4

8

10

-50.0

-60.0

107

159

-32.7

Bankruptcies

4

6

9

-33.3

-55.6

78

131

-40.5

Proposals

0

2

1

-100.0

-100.0

29

28

3.6

Northwest Territories

0

0

0

n/a

n/a

0

1

-100.0

Bankruptcies

0

0

0

n/a

n/a

0

1

-100.0

Proposals

0

0

0

n/a

n/a

0

0

n/a

Yukon

0

0

0

n/a

n/a

0

0

n/a

Bankruptcies

0

0

0

n/a

n/a

0

0

n/a

Proposals

0

0

0

n/a

n/a

0

0

n/a

Nunavut

0

0

0

n/a

n/a

0

0

n/a

Bankruptcies

0

0

0

n/a

n/a

0

0

n/a

Proposals

0

0

0

n/a

n/a

0

0

n/a

Canada

289

279

246

3.6

17.5

3,571

3,616

-1.2

Bankruptcies

210

209

180

0.5

16.7

2,649

2,719

-2.6

Proposals

79

70

66

12.9

19.7

922

897

2.8

Table 4: Insolvencies by NAICS Economic Sectors, Canada

Volume

% Change

12-Month Period Ending

September 2018

August 2018

September 2017

Aug. 2018
to
Sept. 2018

Sept. 2017
to
Sept. 2018

09-30-2018

09-30-2017

% Change

Agriculture, Forestry, Fishing and Hunting

7

7

7

0.0

0.0

68

86

-20.9

Bankruptcies

4

3

3

33.3

33.3

46

64

-28.1

Proposals

3

4

4

-25.0

-25.0

22

22

0.0

Mining and Oil and Gas Extraction

0

2

1

-100.0

-100.0

29

63

-54.0

Bankruptcies

0

1

1

-100.0

-100.0

18

46

-60.9

Proposals

0

1

0

-100.0

n/a

11

17

-35.3

Utilities

1

0

0

n/a

n/a

8

8

0.0

Bankruptcies

0

0

0

n/a

n/a

6

6

0.0

Proposals

1

0

0

n/a

n/a

2

2

0.0

Construction

62

47

48

31.9

29.2

716

658

8.8

Bankruptcies

45

35

36

28.6

25.0

510

481

6.0

Proposals

17

12

12

41.7

41.7

206

177

16.4

Manufacturing

29

25

22

16.0

31.8

315

320

-1.6

Bankruptcies

20

23

12

-13.0

66.7

217

224

-3.1

Proposals

9

2

10

350.0

-10.0

98

96

2.1

Wholesale Trade

15

13

11

15.4

36.4

163

178

-8.4

Bankruptcies

8

12

10

-33.3

-20.0

121

132

-8.3

Proposals

7

1

1

600.0

600.0

42

46

-8.7

Retail Trade

35

36

26

-2.8

34.6

399

392

1.8

Bankruptcies

27

28

22

-3.6

22.7

321

295

8.8

Proposals

8

8

4

0.0

100.0

78

97

-19.6

Transportation and Warehousing

21

17

16

23.5

31.3

224

240

-6.7

Bankruptcies

16

9

12

77.8

33.3

170

186

-8.6

Proposals

5

8

4

-37.5

25.0

54

54

0.0

Information and Cultural Industries

4

3

7

33.3

-42.9

57

72

-20.8

Bankruptcies

4

1

5

300.0

-20.0

46

49

-6.1

Proposals

0

2

2

-100.0

-100.0

11

23

-52.2

Finance and Insurance

3

7

3

-57.1

0.0

58

60

-3.3

Bankruptcies

3

5

3

-40.0

0.0

42

51

-17.6

Proposals

0

2

0

-100.0

n/a

16

9

77.8

Real Estate and Rental and Leasing

12

13

13

-7.7

-7.7

136

141

-3.5

Bankruptcies

6

6

10

0.0

-40.0

103

98

5.1

Proposals

6

7

3

-14.3

100.0

33

43

-23.3

Professional, Scientific and Technical Service

12

13

22

-7.7

-45.5

248

268

-7.5

Bankruptcies

9

10

17

-10.0

-47.1

185

212

-12.7

Proposals

3

3

5

0.0

-40.0

63

56

12.5

Management of Companies and Enterprises

5

5

7

0.0

-28.6

84

76

10.5

Bankruptcies

4

5

7

-20.0

-42.9

66

60

10.0

Proposals

1

0

0

n/a

n/a

18

16

12.5

Administrative and Support, Waste Management and Remediation Services

15

11

8

36.4

87.5

151

171

-11.7

Bankruptcies

10

4

5

150.0

100.0

108

130

-16.9

Proposals

5

7

3

-28.6

66.7

43

41

4.9

Educational Services

0

5

0

-100.0

n/a

28

38

-26.3

Bankruptcies

0

4

0

-100.0

n/a

21

32

-34.4

Proposals

0

1

0

-100.0

n/a

7

6

16.7

Health Care and Social Assistance

6

8

3

-25.0

100.0

81

76

6.6

Bankruptcies

6

7

2

-14.3

200.0

58

58

0.0

Proposals

0

1

1

-100.0

-100.0

23

18

27.8

Arts, Entertainment and Recreation

8

3

5

166.7

60.0

82

73

12.3

Bankruptcies

6

2

1

200.0

500.0

65

51

27.5

Proposals

2

1

4

100.0

-50.0

17

22

-22.7

Accommodation and Food Services

37

47

34

-21.3

8.8

543

521

4.2

Bankruptcies

30

40

22

-25.0

36.4

402

401

0.2

Proposals

7

7

12

0.0

-41.7

141

120

17.5

Other Services (except Public Administration)

17

17

12

0.0

41.7

178

169

5.3

Bankruptcies

12

14

11

-14.3

9.1

142

139

2.2

Proposals

5

3

1

66.7

400.0

36

30

20.0

Public Administration

0

0

1

n/a

-100.0

3

6

-50.0

Bankruptcies

0

0

1

n/a

-100.0

2

4

-50.0

Proposals

0

0

0

n/a

n/a

1

2

-50.0

Total

289

279

246

3.6

17.5

3,571

3,616

-1.2

Bankruptcies

210

209

180

0.5

16.7

2,649

2,719

-2.6

Proposals

79

70

66

12.9

19.7

922

897

2.8

Date modified: