Insolvency Statistics in Canada—January 2019

Highlights

Read the report Insolvency Statistics in Canada—January 2019.

The total number of insolvencies (bankruptcies and proposals) in Canada increased by 11.3% in January 2019 compared to the previous month. Bankruptcies increased by 4.2% and proposals increased by 16.9%.

The total number of insolvencies in January 2019 was 7.2% higher than the total number of insolvencies in January 2018. Consumer insolvencies increased by 7.1%, while business insolvencies increased by 10.2%.

For the 12-month period ending January 31, 2019, the total number of insolvencies increased by 2.7% compared with the 12-month period ending January 31, 2018.

Consumer insolvencies for the 12-month period ending January 31, 2019, increased by 2.8% compared with the 12-month period ending January 31, 2018. Consumer bankruptcies decreased by 4.5%, while consumer proposals increased by 9.4%. The proportion of proposals in consumer insolvencies increased to 56.2% during the 12-month period ending January 31, 2019, up from 52.9% during the 12-month period ending January 31, 2018. For the 12-month period ending January 31, 2019, consumer insolvency filings accounted for 97.2% of total insolvency filings.

Business insolvencies for the 12-month period ending January 31, 2019, decreased by 1.0% compared with the 12-month period ending January 31, 2018. The two sectors that registered the biggest decrease in the number of insolvencies were manufacturing; and arts, entertainment and recreation. Construction; and real estate and rental and leasing experienced the biggest increase in insolvencies.

One Companies’ Creditors Arrangement Act (CCAA) proceeding was filed with the OSB in January 2019. Please refer to the CCAA Records List for additional details. Note: The Insolvency Statistics in Canada reports, which pertain to bankruptcies and proposals filed under the Bankruptcy and Insolvency Act, do not include CCAA filings.

Read the report Insolvency Statistics in Canada—January 2019.

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