Insolvency Statistics in Canada—April 2019

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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.

Corporation: A commercial entity or organization.

Individual Business: An individual who has incurred 50% or more of total liabilities as a result of operating a business.

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
April
2019
March
2019
April
2018
Mar. 2019
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-2019 04-30-2018 % Change
Newfoundland and Labrador 343 289 226 18.7 51.8 3,020 2,611 15.7
Bankruptcies 167 118 114 41.5 46.5 1,460 1,346 8.5
Proposals 176 171 112 2.9 57.1 1,560 1,265 23.3
Prince Edward Island 69 60 63 15.0 9.5 720 703 2.4
Bankruptcies 40 30 42 33.3 -4.8 406 420 -3.3
Proposals 29 30 21 -3.3 38.1 314 283 11.0
Nova Scotia 510 533 494 -4.3 3.2 5,738 5,672 1.2
Bankruptcies 299 302 298 -1.0 0.3 3,505 3,661 -4.3
Proposals 211 231 196 -8.7 7.7 2,233 2,011 11.0
New Brunswick 429 414 388 3.6 10.6 4,710 4,375 7.7
Bankruptcies 216 221 219 -2.3 -1.4 2,362 2,365 -0.1
Proposals 213 193 169 10.4 26.0 2,348 2,010 16.8
Quebec 3,951 4,094 3,712 -3.5 6.4 43,940 44,025 -0.2
Bankruptcies 1,942 1,870 1,971 3.9 -1.5 22,353 23,760 -5.9
Proposals 2,009 2,224 1,741 -9.7 15.4 21,587 20,265 6.5
Ontario 3,884 3,927 3,483 -1.1 11.5 41,097 38,852 5.8
Bankruptcies 1,358 1,307 1,399 3.9 -2.9 15,109 15,667 -3.6
Proposals 2,526 2,620 2,084 -3.6 21.2 25,988 23,185 12.1
Manitoba 289 277 261 4.3 10.7 3,016 2,648 13.9
Bankruptcies 147 122 135 20.5 8.9 1,435 1,394 2.9
Proposals 142 155 126 -8.4 12.7 1,581 1,254 26.1
Saskatchewan 268 317 307 -15.5 -12.7 3,520 3,318 6.1
Bankruptcies 102 112 114 -8.9 -10.5 1,358 1,420 -4.4
Proposals 166 205 193 -19.0 -14.0 2,162 1,898 13.9
Alberta 1,452 1,455 1,238 -0.2 17.3 15,508 13,749 12.8
Bankruptcies 524 491 424 6.7 23.6 5,389 5,021 7.3
Proposals 928 964 814 -3.7 14.0 10,119 8,728 15.9
British Columbia 946 950 895 -0.4 5.7 10,426 10,112 3.1
Bankruptcies 346 351 368 -1.4 -6.0 4,067 4,175 -2.6
Proposals 600 599 527 0.2 13.9 6,359 5,937 7.1
Northwest Territories 7 6 10 16.7 -30.0 68 99 -31.3
Bankruptcies 0 2 6 -100.0 -100.0 30 60 -50.0
Proposals 7 4 4 75.0 75.0 38 39 -2.6
Yukon 0 1 3 -100.0 -100.0 28 39 -28.2
Bankruptcies 0 0 2 n/a -100.0 9 18 -50.0
Proposals 0 1 1 -100.0 -100.0 19 21 -9.5
Nunavut 0 2 1 -100.0 -100.0 6 5 20.0
Bankruptcies 0 0 0 n/a n/a 0 2 -100.0
Proposals 0 2 1 -100.0 -100.0 6 3 100.0
Canada 12,148 12,325 11,081 -1.4 9.6 131,797 126,208 4.4
Bankruptcies 5,141 4,926 5,092 4.4 1.0 57,483 59,309 -3.1
Proposals 7,007 7,399 5,989 -5.3 17.0 74,314 66,899 11.1
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 2019
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-2019 04-30-2018 % Change
Newfoundland and Labrador 340 286 225 18.9 51.1 2,988 2,584 15.6
Bankruptcies 164 115 113 42.6 45.1 1,432 1,326 8.0
Proposals 176 171 112 2.9 57.1 1,556 1,258 23.7
Prince Edward Island 66 60 63 10.0 4.8 714 696 2.6
Bankruptcies 37 30 42 23.3 -11.9 401 415 -3.4
Proposals 29 30 21 -3.3 38.1 313 281 11.4
Nova Scotia 501 530 492 -5.5 1.8 5,688 5,616 1.3
Bankruptcies 290 299 297 -3.0 -2.4 3,465 3,616 -4.2
Proposals 211 231 195 -8.7 8.2 2,223 2,000 11.2
New Brunswick 427 408 381 4.7 12.1 4,670 4,322 8.1
Bankruptcies 214 217 212 -1.4 0.9 2,331 2,325 0.3
Proposals 213 191 169 11.5 26.0 2,339 1,997 17.1
Quebec 3,732 3,882 3,544 -3.9 5.3 41,778 41,954 -0.4
Bankruptcies 1,777 1,700 1,840 4.5 -3.4 20,699 22,174 -6.7
Proposals 1,955 2,182 1,704 -10.4 14.7 21,079 19,780 6.6
Ontario 3,791 3,831 3,408 -1.0 11.2 40,138 37,964 5.7
Bankruptcies 1,287 1,234 1,338 4.3 -3.8 14,415 15,008 -4.0
Proposals 2,504 2,597 2,070 -3.6 21.0 25,723 22,956 12.1
Manitoba 282 276 259 2.2 8.9 2,984 2,613 14.2
Bankruptcies 142 121 133 17.4 6.8 1,407 1,365 3.1
Proposals 140 155 126 -9.7 11.1 1,577 1,248 26.4
Saskatchewan 264 311 299 -15.1 -11.7 3,429 3,189 7.5
Bankruptcies 100 111 108 -9.9 -7.4 1,306 1,323 -1.3
Proposals 164 200 191 -18.0 -14.1 2,123 1,866 13.8
Alberta 1,442 1,430 1,215 0.8 18.7 15,300 13,538 13.0
Bankruptcies 517 473 405 9.3 27.7 5,226 4,881 7.1
Proposals 925 957 810 -3.3 14.2 10,074 8,657 16.4
British Columbia 933 940 882 -0.7 5.8 10,320 9,986 3.3
Bankruptcies 335 343 357 -2.3 -6.2 3,993 4,079 -2.1
Proposals 598 597 525 0.2 13.9 6,327 5,907 7.1
Northwest Territories 7 6 10 16.7 -30.0 68 98 -30.6
Bankruptcies 0 2 6 -100.0 -100.0 30 59 -49.2
Proposals 7 4 4 75.0 75.0 38 39 -2.6
Yukon 0 1 3 -100.0 -100.0 28 39 -28.2
Bankruptcies 0 0 2 n/a -100.0 9 18 -50.0
Proposals 0 1 1 -100.0 -100.0 19 21 -9.5
Nunavut 0 2 1 -100.0 -100.0 6 5 20.0
Bankruptcies 0 0 0 n/a n/a 0 2 -100.0
Proposals 0 2 1 -100.0 -100.0 6 3 100.0
Canada 11,785 11,963 10,782 -1.5 9.3 128,111 122,604 4.5
Bankruptcies 4,863 4,645 4,853 4.7 0.2 54,714 56,591 -3.3
Proposals 6,922 7,318 5,929 -5.4 16.7 73,397 66,013 11.2
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 20119
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-2019 04-30-2018 % Change
Newfoundland and Labrador 3 3 1 0.0 200.0 32 27 18.5
Bankruptcies 3 3 1 0.0 200.0 28 20 40.0
Proposals 0 0 0 n/a n/a 4 7 -42.9
Prince Edward Island 3 0 0 n/a n/a 6 7 -14.3
Bankruptcies 3 0 0 n/a n/a 5 5 0.0
Proposals 0 0 0 n/a n/a 1 2 -50.0
Nova Scotia 9 3 2 200.0 350.0 50 56 -10.7
Bankruptcies 9 3 1 200.0 800.0 40 45 -11.1
Proposals 0 0 1 n/a -100.0 10 11 -9.1
New Brunswick 2 6 7 -66.7 -71.4 40 53 -24.5
Bankruptcies 2 4 7 -50.0 -71.4 31 40 -22.5
Proposals 0 2 0 -100.0 n/a 9 13 -30.8
Quebec 219 212 168 3.3 30.4 2,162 2,071 4.4
Bankruptcies 165 170 131 -2.9 26.0 1,654 1,586 4.3
Proposals 54 42 37 28.6 45.9 508 485 4.7
Ontario 93 96 75 -3.1 24.0 959 888 8.0
Bankruptcies 71 73 61 -2.7 16.4 694 659 5.3
Proposals 22 23 14 -4.3 57.1 265 229 15.7
Manitoba 7 1 2 600.0 250.0 32 35 -8.6
Bankruptcies 5 1 2 400.0 150.0 28 29 -3.4
Proposals 2 0 0 n/a n/a 4 6 -33.3
Saskatchewan 4 6 8 -33.3 -50.0 91 129 -29.5
Bankruptcies 2 1 6 100.0 -66.7 52 97 -46.4
Proposals 2 5 2 -60.0 0.0 39 32 21.9
Alberta 10 25 23 -60.0 -56.5 208 211 -1.4
Bankruptcies 7 18 19 -61.1 -63.2 163 140 16.4
Proposals 3 7 4 -57.1 -25.0 45 71 -36.6
British Columbia 13 10 13 30.0 0.0 106 126 -15.9
Bankruptcies 11 8 11 37.5 0.0 74 96 -22.9
Proposals 2 2 2 0.0 0.0 32 30 6.7
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 363 362 299 0.3 21.4 3,686 3,604 2.3
Bankruptcies 278 281 239 -1.1 16.3 2,769 2,718 1.9
Proposals 85 81 60 4.9 41.7 917 886 3.5
Table 3a: Insolvencies Filed by Corporations
Province Volume % Change 12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 20119
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-2019 04-30-2018 % Change
Newfoundland and Labrador 1 0 0 n/a n/a 14 15 -6.7
Bankruptcies 1 0 0 n/a n/a 10 9 11.1
Proposals 0 0 0 n/a n/a 4 6 -33.3
Prince Edward Island 2 0 0 n/a n/a 3 3 0.0
Bankruptcies 2 0 0 n/a n/a 3 1 200.0
Proposals 0 0 0 n/a n/a 0 2 -100.0
Nova Scotia 5 1 2 400.0 150.0 25 20 25.0
Bankruptcies 5 1 1 400.0 400.0 21 13 61.5
Proposals 0 0 1 n/a -100.0 4 7 -42.9
New Brunswick 1 3 3 -66.7 -66.7 20 33 -39.4
Bankruptcies 1 3 3 -66.7 -66.7 18 23 -21.7
Proposals 0 0 0 n/a n/a 2 10 -80.0
Quebec 195 180 155 8.3 25.8 1,874 1,854 1.1
Bankruptcies 154 143 121 7.7 27.3 1,461 1,435 1.8
Proposals 41 37 34 10.8 20.6 413 419 -1.4
Ontario 55 55 43 0.0 27.9 569 465 22.4
Bankruptcies 44 43 34 2.3 29.4 423 355 19.2
Proposals 11 12 9 -8.3 22.2 146 110 32.7
Manitoba 0 0 0 n/a n/a 4 8 -50.0
Bankruptcies 0 0 0 n/a n/a 3 6 -50.0
Proposals 0 0 0 n/a n/a 1 2 -50.0
Saskatchewan 0 0 1 n/a -100.0 5 9 -44.4
Bankruptcies 0 0 1 n/a -100.0 3 6 -50.0
Proposals 0 0 0 n/a n/a 2 3 -33.3
Alberta 4 11 11 -63.6 -63.6 92 126 -27.0
Bankruptcies 4 7 10 -42.9 -60.0 71 76 -6.6
Proposals 0 4 1 -100.0 -100.0 21 50 -58.0
British Columbia 3 6 5 -50.0 -40.0 43 60 -28.3
Bankruptcies 2 5 4 -60.0 -50.0 25 39 -35.9
Proposals 1 1 1 0.0 0.0 18 21 -14.3
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 266 256 220 3.9 20.9 2,649 2,594 2.1
Bankruptcies 213 202 174 5.4 22.4 2,038 1,964 3.8
Proposals 53 54 46 -1.9 15.2 611 630 -3.0
Table 3b: Insolvencies Filed by Individual Businesses
Province Volume % Change 12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 20119
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-2019 04-30-2018 % Change
Newfoundland and Labrador 2 3 1 -33.3 100.0 18 12 50.0
Bankruptcies 2 3 1 -33.3 100.0 18 11 63.6
Proposals 0 0 0 n/a n/a 0 1 -100.0
Prince Edward Island 1 0 0 n/a n/a 3 4 -25.0
Bankruptcies 1 0 0 n/a n/a 2 4 -50.0
Proposals 0 0 0 n/a n/a 1 0 n/a
Nova Scotia 4 2 0 100.0 n/a 25 36 -30.6
Bankruptcies 4 2 0 100.0 n/a 19 32 -40.6
Proposals 0 0 0 n/a n/a 6 4 50.0
New Brunswick 1 3 4 -66.7 -75.0 20 20 0.0
Bankruptcies 1 1 4 0.0 -75.0 13 17 -23.5
Proposals 0 2 0 -100.0 n/a 7 3 133.3
Quebec 24 32 13 -25.0 84.6 288 217 32.7
Bankruptcies 11 27 10 -59.3 10.0 193 151 27.8
Proposals 13 5 3 160.0 333.3 95 66 43.9
Ontario 38 41 32 -7.3 18.8 390 423 -7.8
Bankruptcies 27 30 27 -10.0 0.0 271 304 -10.9
Proposals 11 11 5 0.0 120.0 119 119 0.0
Manitoba 7 1 2 600.0 250.0 28 27 3.7
Bankruptcies 5 1 2 400.0 150.0 25 23 8.7
Proposals 2 0 0 n/a n/a 3 4 -25.0
Saskatchewan 4 6 7 -33.3 -42.9 86 120 -28.3
Bankruptcies 2 1 5 100.0 -60.0 49 91 -46.2
Proposals 2 5 2 -60.0 0.0 37 29 27.6
Alberta 6 14 12 -57.1 -50.0 116 85 36.5
Bankruptcies 3 11 9 -72.7 -66.7 92 64 43.8
Proposals 3 3 3 0.0 0.0 24 21 14.3
British Columbia 10 4 8 150.0 25.0 63 66 -4.5
Bankruptcies 9 3 7 200.0 28.6 49 57 -14.0
Proposals 1 1 1 0.0 0.0 14 9 55.6
Northwest Territories 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
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 97 106 79 -8.5 22.8 1,037 1,010 2.7
Bankruptcies 65 79 65 -17.7 0.0 731 754 -3.1
Proposals 32 27 14 18.5 128.6 306 256 19.5
Table 4: Insolvencies by NAICS Economic Sectors, Canada
sector Volume % Change 12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 20119
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-2019 04-30-2018 % Change
Agriculture, Forestry, Fishing and Hunting 6 7 6 -14.3 0.0 71 65 9.2
Bankruptcies 4 5 4 -20.0 0.0 52 46 13.0
Proposals 2 2 2 0.0 0.0 19 19 0.0
Mining and Oil and Gas Extraction 1 7 3 -85.7 -66.7 32 41 -22.0
Bankruptcies 0 7 3 -100.0 -100.0 20 26 -23.1
Proposals 1 0 0 n/a n/a 12 15 -20.0
Utilities 0 0 1 n/a -100.0 3 8 -62.5
Bankruptcies 0 0 1 n/a -100.0 1 7 -85.7
Proposals 0 0 0 n/a n/a 2 1 100.0
Construction 64 73 64 -12.3 0.0 705 713 -1.1
Bankruptcies 50 61 48 -18.0 4.2 533 516 3.3
Proposals 14 12 16 16.7 -12.5 172 197 -12.7
Manufacturing 32 31 26 3.2 23.1 315 312 1.0
Bankruptcies 25 21 21 19.0 19.0 227 214 6.1
Proposals 7 10 5 -30.0 40.0 88 98 -10.2
Wholesale Trade 15 24 15 -37.5 0.0 175 169 3.6
Bankruptcies 11 16 13 -31.3 -15.4 129 128 0.8
Proposals 4 8 2 -50.0 100.0 46 41 12.2
Retail Trade 34 29 29 17.2 17.2 398 390 2.1
Bankruptcies 23 22 23 4.5 0.0 311 318 -2.2
Proposals 11 7 6 57.1 83.3 87 72 20.8
Transportation and Warehousing 14 24 29 -41.7 -51.7 229 221 3.6
Bankruptcies 13 16 25 -18.8 -48.0 172 178 -3.4
Proposals 1 8 4 -87.5 -75.0 57 43 32.6
Information and Cultural Industries 9 8 3 12.5 200.0 74 58 27.6
Bankruptcies 7 8 3 -12.5 133.3 54 49 10.2
Proposals 2 0 0 n/a n/a 20 9 122.2
Finance and Insurance 8 8 1 0.0 700.0 74 64 15.6
Bankruptcies 7 6 1 16.7 600.0 56 49 14.3
Proposals 1 2 0 -50.0 n/a 18 15 20.0
Real Estate and Rental and Leasing 17 13 11 30.8 54.5 156 136 14.7
Bankruptcies 16 10 9 60.0 77.8 114 103 10.7
Proposals 1 3 2 -66.7 -50.0 42 33 27.3
Professional, Scientific and Technical Services 35 23 24 52.2 45.8 271 261 3.8
Bankruptcies 25 19 20 31.6 25.0 201 205 -2.0
Proposals 10 4 4 150.0 150.0 70 56 25.0
Management of Companies and Enterprises 11 10 7 10.0 57.1 86 86 0.0
Bankruptcies 9 7 3 28.6 200.0 73 64 14.1
Proposals 2 3 4 -33.3 -50.0 13 22 -40.9
Administrative and Support, Waste Management and Remediation Services 14 13 16 7.7 -12.5 156 145 7.6
Bankruptcies 11 9 13 22.2 -15.4 101 110 -8.2
Proposals 3 4 3 -25.0 0.0 55 35 57.1
Educational Services 3 4 4 -25.0 -25.0 30 25 20.0
Bankruptcies 2 3 4 -33.3 -50.0 21 19 10.5
Proposals 1 1 0 0.0 n/a 9 6 50.0
Health Care and Social Assistance 9 12 8 -25.0 12.5 82 83 -1.2
Bankruptcies 7 11 8 -36.4 -12.5 53 61 -13.1
Proposals 2 1 0 100.0 n/a 29 22 31.8
Arts, Entertainment and Recreation 6 7 2 -14.3 200.0 68 80 -15.0
Bankruptcies 4 4 2 0.0 100.0 52 60 -13.3
Proposals 2 3 0 -33.3 n/a 16 20 -20.0
Accommodation and Food Services 64 53 40 20.8 60.0 554 563 -1.6
Bankruptcies 48 44 30 9.1 60.0 442 410 7.8
Proposals 16 9 10 77.8 60.0 112 153 -26.8
Other Services (except Public Administration) 21 16 10 31.3 110.0 204 179 14.0
Bankruptcies 16 12 8 33.3 100.0 155 151 2.6
Proposals 5 4 2 25.0 150.0 49 28 75.0
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 363 362 299 0.3 21.4 3,686 3,604 2.3
Bankruptcies 278 281 239 -1.1 16.3 2,769 2,718 1.9
Proposals 85 81 60 4.9 41.7 917 886 3.5
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