Insolvency Statistics in Canada—November 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
Province Volume % Change 12-Month Period Ending
November
2018
October
2018
November
2017
Oct. 2018
to
Nov. 2018
Nov. 2017
to
Nov. 2018
11-30-2018 11-30-2017 % Change
Newfoundland and Labrador 273 241 239 13.3 14.2 2,797 2,519 11.0
Bankruptcies 129 111 135 16.2 -4.4 1,387 1,392 -0.4
Proposals 144 130 104 10.8 38.5 1,410 1,127 25.1
Prince Edward Island 63 64 74 -1.6 -14.9 715 687 4.1
Bankruptcies 35 34 41 2.9 -14.6 416 404 3.0
Proposals 28 30 33 -6.7 -15.2 299 283 5.7
Nova Scotia 490 516 457 -5.0 7.2 5,630 5,805 -3.0
Bankruptcies 299 312 283 -4.2 5.7 3,536 3,860 -8.4
Proposals 191 204 174 -6.4 9.8 2,094 1,945 7.7
New Brunswick 436 411 369 6.1 18.2 4,541 4,400 3.2
Bankruptcies 216 204 195 5.9 10.8 2,307 2,537 -9.1
Proposals 220 207 174 6.3 26.4 2,234 1,863 19.9
Quebec 3,880 4,198 3,946 -7.6 -1.7 44,024 43,826 0.5
Bankruptcies 1,889 2,207 2,052 -14.4 -7.9 22,912 24,374 -6.0
Proposals 1,991 1,991 1,894 0.0 5.1 21,112 19,452 8.5
Ontario 3,661 3,570 3,444 2.5 6.3 39,482 39,160 0.8
Bankruptcies 1,276 1,357 1,307 -6.0 -2.4 15,397 15,998 -3.8
Proposals 2,385 2,213 2,137 7.8 11.6 24,085 23,162 4.0
Manitoba 267 307 233 -13.0 14.6 2,822 2,643 6.8
Bankruptcies 138 154 131 -10.4 5.3 1,417 1,388 2.1
Proposals 129 153 102 -15.7 26.5 1,405 1,255 12.0
Saskatchewan 303 346 265 -12.4 14.3 3,493 3,273 6.7
Bankruptcies 113 125 116 -9.6 -2.6 1,355 1,478 -8.3
Proposals 190 221 149 -14.0 27.5 2,138 1,795 19.1
Alberta 1,376 1,363 1,145 1.0 20.2 14,625 13,499 8.3
Bankruptcies 456 460 418 -0.9 9.1 5,083 5,191 -2.1
Proposals 920 903 727 1.9 26.5 9,542 8,308 14.9
British Columbia 903 940 898 -3.9 0.6 10,259 10,098 1.6
Bankruptcies 330 358 361 -7.8 -8.6 4,168 4,308 -3.2
Proposals 573 582 537 -1.5 6.7 6,091 5,790 5.2
Northwest Territories 5 2 13 150.0 -61.5 82 80 2.5
Bankruptcies 4 0 9 n/a -55.6 42 53 -20.8
Proposals 1 2 4 -50.0 -75.0 40 27 48.1
Yukon 4 2 5 100.0 -20.0 34 35 -2.9
Bankruptcies 2 1 0 100.0 n/a 13 17 -23.5
Proposals 2 1 5 100.0 -60.0 21 18 16.7
Nunavut 0 0 0 n/a n/a 6 1 500.0
Bankruptcies 0 0 0 n/a n/a 2 0 n/a
Proposals 0 0 0 n/a n/a 4 1 300.0
Canada 11,661 11,960 11,088 -2.5 5.2 128,510 126,026 2.0
Bankruptcies 4,887 5,323 5,048 -8.2 -3.2 58,035 61,000 -4.9
Proposals 6,774 6,637 6,040 2.1 12.2 70,475 65,026 8.4
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
November
2018
October
2018
November
2017
Oct. 2018
to
Nov. 2018
Nov. 2017
to
Nov. 2018
11-30-2018 11-30-2017 % Change
Newfoundland and Labrador 268 239 232 12.1 15.5 2,776 2,481 11.9
Bankruptcies 126 109 130 15.6 -3.1 1,369 1,367 0.1
Proposals 142 130 102 9.2 39.2 1,407 1,114 26.3
Prince Edward Island 63 64 74 -1.6 -14.9 711 674 5.5
Bankruptcies 35 34 41 2.9 -14.6 413 394 4.8
Proposals 28 30 33 -6.7 -15.2 298 280 6.4
Nova Scotia 485 514 454 -5.6 6.8 5,581 5,753 -3.0
Bankruptcies 295 310 280 -4.8 5.4 3,502 3,815 -8.2
Proposals 190 204 174 -6.9 9.2 2,079 1,938 7.3
New Brunswick 433 406 366 6.7 18.3 4,494 4,350 3.3
Bankruptcies 214 200 192 7.0 11.5 2,273 2,494 -8.9
Proposals 219 206 174 6.3 25.9 2,221 1,856 19.7
Quebec 3,690 4,022 3,768 -8.3 -2.1 41,947 41,768 0.4
Bankruptcies 1,754 2,071 1,928 -15.3 -9.0 21,354 22,809 -6.4
Proposals 1,936 1,951 1,840 -0.8 5.2 20,593 18,959 8.6
Ontario 3,562 3,481 3,374 2.3 5.6 38,536 38,286 0.7
Bankruptcies 1,212 1,292 1,261 -6.2 -3.9 14,710 15,356 -4.2
Proposals 2,350 2,189 2,113 7.4 11.2 23,826 22,930 3.9
Manitoba 265 305 227 -13.1 16.7 2,792 2,598 7.5
Bankruptcies 136 152 127 -10.5 7.1 1,389 1,354 2.6
Proposals 129 153 100 -15.7 29.0 1,403 1,244 12.8
Saskatchewan 289 335 250 -13.7 15.6 3,386 3,137 7.9
Bankruptcies 107 116 103 -7.8 3.9 1,290 1,374 -6.1
Proposals 182 219 147 -16.9 23.8 2,096 1,763 18.9
Alberta 1,360 1,346 1,125 1.0 20.9 14,427 13,306 8.4
Bankruptcies 440 447 403 -1.6 9.2 4,933 5,059 -2.5
Proposals 920 899 722 2.3 27.4 9,494 8,247 15.1
British Columbia 896 925 887 -3.1 1.0 10,146 9,944 2.0
Bankruptcies 325 351 352 -7.4 -7.7 4,091 4,178 -2.1
Proposals 571 574 535 -0.5 6.7 6,055 5,766 5.0
Northwest Territories 5 2 13 150.0 -61.5 82 79 3.8
Bankruptcies 4 0 9 n/a -55.6 42 52 -19.2
Proposals 1 2 4 -50.0 -75.0 40 27 48.1
Yukon 4 2 5 100.0 -20.0 34 35 -2.9
Bankruptcies 2 1 0 100.0 n/a 13 17 -23.5
Proposals 2 1 5 100.0 -60.0 21 18 16.7
Nunavut 0 0 0 n/a n/a 6 1 500.0
Bankruptcies 0 0 0 n/a n/a 2 0 n/a
Proposals 0 0 0 n/a n/a 4 1 300.0
Canada 11,320 11,641 10,775 -2.8 5.1 124,918 122,412 2.0
Bankruptcies 4,650 5,083 4,826 -8.5 -3.6 55,381 58,269 -5.0
Proposals 6,670 6,558 5,949 1.7 12.1 69,537 64,143 8.4
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
November
2018
October
2018
November
2017
Oct. 2018
to
Nov. 2018
Nov. 2017
to
Nov. 2018
11-30-2018 11-30-2017 % Change
Newfoundland and Labrador 5 2 7 150.0 -28.6 21 38 -44.7
Bankruptcies 3 2 5 50.0 -40.0 18 25 -28.0
Proposals 2 0 2 n/a 0.0 3 13 -76.9
Prince Edward Island 0 0 0 n/a n/a 4 13 -69.2
Bankruptcies 0 0 0 n/a n/a 3 10 -70.0
Proposals 0 0 0 n/a n/a 1 3 -66.7
Nova Scotia 5 2 3 150.0 66.7 49 52 -5.8
Bankruptcies 4 2 3 100.0 33.3 34 45 -24.4
Proposals 1 0 0 n/a n/a 15 7 114.3
New Brunswick 3 5 3 -40.0 0.0 47 50 -6.0
Bankruptcies 2 4 3 -50.0 -33.3 34 43 -20.9
Proposals 1 1 0 0.0 n/a 13 7 85.7
Quebec 190 176 178 8.0 6.7 2,077 2,058 0.9
Bankruptcies 135 136 124 -0.7 8.9 1,558 1,565 -0.4
Proposals 55 40 54 37.5 1.9 519 493 5.3
Ontario 99 89 70 11.2 41.4 946 874 8.2
Bankruptcies 64 65 46 -1.5 39.1 687 642 7.0
Proposals 35 24 24 45.8 45.8 259 232 11.6
Manitoba 2 2 6 0.0 -66.7 30 45 -33.3
Bankruptcies 2 2 4 0.0 -50.0 28 34 -17.6
Proposals 0 0 2 n/a -100.0 2 11 -81.8
Saskatchewan 14 11 15 27.3 -6.7 107 136 -21.3
Bankruptcies 6 9 13 -33.3 -53.8 65 104 -37.5
Proposals 8 2 2 300.0 300.0 42 32 31.3
Alberta 16 17 20 -5.9 -20.0 198 193 2.6
Bankruptcies 16 13 15 23.1 6.7 150 132 13.6
Proposals 0 4 5 -100.0 -100.0 48 61 -21.3
British Columbia 7 15 11 -53.3 -36.4 113 154 -26.6
Bankruptcies 5 7 9 -28.6 -44.4 77 130 -40.8
Proposals 2 8 2 -75.0 0.0 36 24 50.0
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 341 319 313 6.9 8.9 3,592 3,614 -0.6
Bankruptcies 237 240 222 -1.3 6.8 2,654 2,731 -2.8
Proposals 104 79 91 31.6 14.3 938 883 6.2
Table 4: Insolvencies by NAICS Economic Sectors, Canada
sector Volume % Change 12-Month Period Ending
November
2018
October
2018
November
2017
Oct. 2018
to
Nov. 2018
Nov. 2017
to
Nov. 2018
11-30-2018 11-30-2017 % Change
Agriculture, Forestry, Fishing and Hunting 2 4 9 -50.0 -77.8 64 73 -12.3
Bankruptcies 2 2 3 0.0 -33.3 46 53 -13.2
Proposals 0 2 6 -100.0 -100.0 18 20 -10.0
Mining and Oil and Gas Extraction 3 2 6 50.0 -50.0 24 56 -57.1
Bankruptcies 3 0 5 n/a -40.0 13 40 -67.5
Proposals 0 2 1 -100.0 -100.0 11 16 -31.3
Utilities 1 0 0 n/a n/a 8 8 0.0
Bankruptcies 0 0 0 n/a n/a 5 6 -16.7
Proposals 1 0 0 n/a n/a 3 2 50.0
Construction 64 65 45 -1.5 42.2 730 659 10.8
Bankruptcies 44 49 28 -10.2 57.1 525 480 9.4
Proposals 20 16 17 25.0 17.6 205 179 14.5
Manufacturing 29 23 36 26.1 -19.4 300 331 -9.4
Bankruptcies 20 16 20 25.0 0.0 207 236 -12.3
Proposals 9 7 16 28.6 -43.8 93 95 -2.1
Wholesale Trade 17 6 18 183.3 -5.6 159 169 -5.9
Bankruptcies 13 6 11 116.7 18.2 123 121 1.7
Proposals 4 0 7 n/a -42.9 36 48 -25.0
Retail Trade 38 46 29 -17.4 31.0 417 400 4.3
Bankruptcies 26 37 26 -29.7 0.0 331 314 5.4
Proposals 12 9 3 33.3 300.0 86 86 0.0
Transportation and Warehousing 19 23 16 -17.4 18.8 233 235 -0.9
Bankruptcies 13 19 12 -31.6 8.3 177 184 -3.8
Proposals 6 4 4 50.0 50.0 56 51 9.8
Information and Cultural Industries 6 9 4 -33.3 50.0 64 67 -4.5
Bankruptcies 4 6 4 -33.3 0.0 51 47 8.5
Proposals 2 3 0 -33.3 n/a 13 20 -35.0
Finance and Insurance 11 8 3 37.5 266.7 65 64 1.6
Bankruptcies 8 6 1 33.3 700.0 48 51 -5.9
Proposals 3 2 2 50.0 50.0 17 13 30.8
Real Estate and Rental and Leasing 18 17 16 5.9 12.5 148 137 8.0
Bankruptcies 9 9 12 0.0 -25.0 103 99 4.0
Proposals 9 8 4 12.5 125.0 45 38 18.4
Professional, Scientific and Technical Services 28 21 21 33.3 33.3 254 259 -1.9
Bankruptcies 22 19 16 15.8 37.5 192 207 -7.2
Proposals 6 2 5 200.0 20.0 62 52 19.2
Management of Companies and Enterprises 8 8 15 0.0 -46.7 78 83 -6.0
Bankruptcies 8 7 12 14.3 -33.3 65 67 -3.0
Proposals 0 1 3 -100.0 -100.0 13 16 -18.8
Administrative and Support, Waste Management and Remediation Services 14 17 13 -17.6 7.7 159 162 -1.9
Bankruptcies 7 10 7 -30.0 0.0 111 117 -5.1
Proposals 7 7 6 0.0 16.7 48 45 6.7
Educational Services 4 2 1 100.0 300.0 29 36 -19.4
Bankruptcies 2 2 1 0.0 100.0 21 31 -32.3
Proposals 2 0 0 n/a n/a 8 5 60.0
Health Care and Social Assistance 10 6 6 66.7 66.7 84 75 12.0
Bankruptcies 4 2 5 100.0 -20.0 52 60 -13.3
Proposals 6 4 1 50.0 500.0 32 15 113.3
Arts, Entertainment and Recreation 4 3 9 33.3 -55.6 71 77 -7.8
Bankruptcies 1 3 8 -66.7 -87.5 54 57 -5.3
Proposals 3 0 1 n/a 200.0 17 20 -15.0
Accommodation and Food Services 48 37 49 29.7 -2.0 521 538 -3.2
Bankruptcies 38 31 36 22.6 5.6 389 407 -4.4
Proposals 10 6 13 66.7 -23.1 132 131 0.8
Other Services (except Public Administration) 17 22 17 -22.7 0.0 181 180 0.6
Bankruptcies 13 16 15 -18.8 -13.3 139 150 -7.3
Proposals 4 6 2 -33.3 100.0 42 30 40.0
Public Administration 0 0 0 n/a n/a 3 5 -40.0
Bankruptcies 0 0 0 n/a n/a 2 4 -50.0
Proposals 0 0 0 n/a n/a 1 1 0.0
Total 341 319 313 6.9 8.9 3,592 3,614 -0.6
Bankruptcies 237 240 222 -1.3 6.8 2,654 2,731 -2.8
Proposals 104 79 91 31.6 14.3 938 883 6.2
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