Language selection

Search

Insolvency Statistics in Canada—August 2019

PDF Version

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.

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
August 2019 July 2019 August 2018 July 2019
to
Aug. 2019
Aug. 2018
to
Aug. 2019
08-31-2019 08-31-2018 % Change
Newfoundland and Labrador 268 280 241 -4.3 11.2 3,168 2,783 13.8
Bankruptcies 113 139 120 -18.7 -5.8 1,483 1,403 5.7
Proposals 155 141 121 9.9 28.1 1,685 1,380 22.1
Prince Edward Island 66 64 62 3.1 6.5 741 727 1.9
Bankruptcies 31 39 31 -20.5 0.0 396 425 -6.8
Proposals 35 25 31 40.0 12.9 345 302 14.2
Nova Scotia 528 495 487 6.7 8.4 5,879 5,632 4.4
Bankruptcies 296 254 297 16.5 -0.3 3,391 3,559 -4.7
Proposals 232 241 190 -3.7 22.1 2,488 2,073 20.0
New Brunswick 401 426 414 -5.9 -3.1 4,819 4,398 9.6
Bankruptcies 208 206 200 1.0 4.0 2,395 2,267 5.6
Proposals 193 220 214 -12.3 -9.8 2,424 2,131 13.7
Quebec 3,548 3,558 3,612 -0.3 -1.8 44,115 43,772 0.8
Bankruptcies 1,713 1,734 1,928 -1.2 -11.2 21,809 23,163 -5.8
Proposals 1,835 1,824 1,684 0.6 9.0 22,306 20,609 8.2
Ontario 3,816 3,975 3,294 -4.0 15.8 43,338 39,144 10.7
Bankruptcies 1,277 1,309 1,248 -2.4 2.3 15,157 15,578 -2.7
Proposals 2,539 2,666 2,046 -4.8 24.1 28,181 23,566 19.6
Manitoba 255 265 239 -3.8 6.7 3,097 2,761 12.2
Bankruptcies 105 127 108 -17.3 -2.8 1,439 1,418 1.5
Proposals 150 138 131 8.7 14.5 1,658 1,343 23.5
Saskatchewan 276 297 310 -7.1 -11.0 3,470 3,415 1.6
Bankruptcies 103 101 126 2.0 -18.3 1,325 1,364 -2.9
Proposals 173 196 184 -11.7 -6.0 2,145 2,051 4.6
Alberta 1,415 1,435 1,258 -1.4 12.5 16,113 14,231 13.2
Bankruptcies 472 496 446 -4.8 5.8 5,497 5,103 7.7
Proposals 943 939 812 0.4 16.1 10,616 9,128 16.3
British Columbia 941 1,020 832 -7.7 13.1 10,906 10,024 8.8
Bankruptcies 349 394 337 -11.4 3.6 4,134 4,117 0.4
Proposals 592 626 495 -5.4 19.6 6,772 5,907 14.6
Northwest Territories 7 8 8 -12.5 -12.5 65 106 -38.7
Bankruptcies 1 2 3 -50.0 -66.7 20 60 -66.7
Proposals 6 6 5 0.0 20.0 45 46 -2.2
Yukon 2 2 1 0.0 100.0 33 37 -10.8
Bankruptcies 1 1 0 0.0 n/a 12 13 -7.7
Proposals 1 1 1 0.0 0.0 21 24 -12.5
Nunavut 0 0 0 n/a n/a 5 6 -16.7
Bankruptcies 0 0 0 n/a n/a 0 2 -100.0
Proposals 0 0 0 n/a n/a 5 4 25.0
Canada 11,523 11,825 10,758 -2.6 7.1 135,749 127,036 6.9
Bankruptcies 4,669 4,802 4,844 -2.8 -3.6 57,058 58,472 -2.4
Proposals 6,854 7,023 5,914 -2.4 15.9 78,691 68,564 14.8
Table 2: Insolvencies Filed by Consumers
Volume % Change 12-Month Period Ending
August 2019 July 2019 August 2018 July 2019
to
Aug. 2019
Aug. 2018
to
Aug. 2019
08-31-2019 08-31-2018 % Change
Newfoundland and Labrador 261 277 240 -5.8 8.7 3,122 2,762 13.0
Bankruptcies 106 137 119 -22.6 -10.9 1,441 1,388 3.8
Proposals 155 140 121 10.7 28.1 1,681 1,374 22.3
Prince Edward Island 66 64 61 3.1 8.2 735 723 1.7
Bankruptcies 31 39 31 -20.5 0.0 390 422 -7.6
Proposals 35 25 30 40.0 16.7 345 301 14.6
Nova Scotia 527 488 479 8.0 10.0 5,825 5,585 4.3
Bankruptcies 295 249 293 18.5 0.7 3,346 3,525 -5.1
Proposals 232 239 186 -2.9 24.7 2,479 2,060 20.3
New Brunswick 400 417 412 -4.1 -2.9 4,769 4,355 9.5
Bankruptcies 208 201 199 3.5 4.5 2,359 2,234 5.6
Proposals 192 216 213 -11.1 -9.9 2,410 2,121 13.6
Quebec 3,420 3,379 3,454 1.2 -1.0 41,948 41,710 0.6
Bankruptcies 1,620 1,593 1,803 1.7 -10.1 20,143 21,615 -6.8
Proposals 1,800 1,786 1,651 0.8 9.0 21,805 20,095 8.5
Ontario 3,748 3,896 3,226 -3.8 16.2 42,382 38,244 10.8
Bankruptcies 1,227 1,255 1,202 -2.2 2.1 14,462 14,922 -3.1
Proposals 2,521 2,641 2,024 -4.5 24.6 27,920 23,322 19.7
Manitoba 251 263 237 -4.6 5.9 3,061 2,731 12.1
Bankruptcies 101 126 107 -19.8 -5.6 1,407 1,393 1.0
Proposals 150 137 130 9.5 15.4 1,654 1,338 23.6
Saskatchewan 272 288 304 -5.6 -10.5 3,375 3,306 2.1
Bankruptcies 99 95 124 4.2 -20.2 1,268 1,290 -1.7
Proposals 173 193 180 -10.4 -3.9 2,107 2,016 4.5
Alberta 1,398 1,406 1,233 -0.6 13.4 15,894 14,032 13.3
Bankruptcies 459 476 423 -3.6 8.5 5,336 4,955 7.7
Proposals 939 930 810 1.0 15.9 10,558 9,077 16.3
British Columbia 932 1,001 824 -6.9 13.1 10,779 9,911 8.8
Bankruptcies 344 378 331 -9.0 3.9 4,046 4,034 0.3
Proposals 588 623 493 -5.6 19.3 6,733 5,877 14.6
Northwest Territories 7 8 8 -12.5 -12.5 65 106 -38.7
Bankruptcies 1 2 3 -50.0 -66.7 20 60 -66.7
Proposals 6 6 5 0.0 20.0 45 46 -2.2
Yukon 2 2 1 0.0 100.0 33 37 -10.8
Bankruptcies 1 1 0 0.0 n/a 12 13 -7.7
Proposals 1 1 1 0.0 0.0 21 24 -12.5
Nunavut 0 0 0 n/a n/a 5 6 -16.7
Bankruptcies 0 0 0 n/a n/a 0 2 -100.0
Proposals 0 0 0 n/a n/a 5 4 25.0
Canada 11,284 11,489 10,479 -1.8 7.7 131,993 123,508 6.9
Bankruptcies 4,492 4,552 4,635 -1.3 -3.1 54,230 55,853 -2.9
Proposals 6,792 6,937 5,844 -2.1 16.2 77,763 67,655 14.9
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
August 2019 July 2019 August 2018 July 2019
to
Aug. 2019
Aug. 2018
to
Aug. 2019
08-31-2019 08-31-2018 % Change
Newfoundland and Labrador 7 3 1 133.3 600.0 46 21 119.0
Bankruptcies 7 2 1 250.0 600.0 42 15 180.0
Proposals 0 1 0 -100.0 n/a 4 6 -33.3
Prince Edward Island 0 0 1 n/a -100.0 6 4 50.0
Bankruptcies 0 0 0 n/a n/a 6 3 100.0
Proposals 0 0 1 n/a -100.0 0 1 -100.0
Nova Scotia 1 7 8 -85.7 -87.5 54 47 14.9
Bankruptcies 1 5 4 -80.0 -75.0 45 34 32.4
Proposals 0 2 4 -100.0 -100.0 9 13 -30.8
New Brunswick 1 9 2 -88.9 -50.0 50 43 16.3
Bankruptcies 0 5 1 -100.0 -100.0 36 33 9.1
Proposals 1 4 1 -75.0 0.0 14 10 40.0
Quebec 128 179 158 -28.5 -19.0 2,167 2,062 5.1
Bankruptcies 93 141 125 -34.0 -25.6 1,666 1,548 7.6
Proposals 35 38 33 -7.9 6.1 501 514 -2.5
Ontario 68 79 68 -13.9 0.0 956 900 6.2
Bankruptcies 50 54 46 -7.4 8.7 695 656 5.9
Proposals 18 25 22 -28.0 -18.2 261 244 7.0
Manitoba 4 2 2 100.0 100.0 36 30 20.0
Bankruptcies 4 1 1 300.0 300.0 32 25 28.0
Proposals 0 1 1 -100.0 -100.0 4 5 -20.0
Saskatchewan 4 9 6 -55.6 -33.3 95 109 -12.8
Bankruptcies 4 6 2 -33.3 100.0 57 74 -23.0
Proposals 0 3 4 -100.0 -100.0 38 35 8.6
Alberta 17 29 25 -41.4 -32.0 219 199 10.1
Bankruptcies 13 20 23 -35.0 -43.5 161 148 8.8
Proposals 4 9 2 -55.6 100.0 58 51 13.7
British Columbia 9 19 8 -52.6 12.5 127 113 12.4
Bankruptcies 5 16 6 -68.8 -16.7 88 83 6.0
Proposals 4 3 2 33.3 100.0 39 30 30.0
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 239 336 279 -28.9 -14.3 3,756 3,528 6.5
Bankruptcies 177 250 209 -29.2 -15.3 2,828 2,619 8.0
Proposals 62 86 70 -27.9 -11.4 928 909 2.1
Table 3a: Insolvencies Filed by Corporations
Province Volume % Change 12-Month Period Ending
August 2019 July 2019 August 2018 July 2019
to
Aug. 2019
Aug. 2018
to
Aug. 2019
08-31-2019 08-31-2018 % Change
Newfoundland and Labrador 3 2 0 50.0 n/a 18 11 63.6
Bankruptcies 3 1 0 200.0 n/a 14 5 180.0
Proposals 0 1 0 -100.0 n/a 4 6 -33.3
Prince Edward Island 0 0 0 n/a n/a 2 1 100.0
Bankruptcies 0 0 0 n/a n/a 2 1 100.0
Proposals 0 0 0 n/a n/a 0 0 n/a
Nova Scotia 0 4 2 -100.0 -100.0 30 21 42.9
Bankruptcies 0 2 1 -100.0 -100.0 23 15 53.3
Proposals 0 2 1 -100.0 -100.0 7 6 16.7
New Brunswick 1 6 2 -83.3 -50.0 30 25 20.0
Bankruptcies 0 3 1 -100.0 -100.0 24 16 50.0
Proposals 1 3 1 -66.7 0.0 6 9 -33.3
Quebec 114 158 143 -27.8 -20.3 1,894 1,834 3.3
Bankruptcies 82 125 114 -34.4 -28.1 1,484 1,389 6.8
Proposals 32 33 29 -3.0 10.3 410 445 -7.9
Ontario 25 39 38 -35.9 -34.2 536 474 13.1
Bankruptcies 18 26 28 -30.8 -35.7 398 361 10.2
Proposals 7 13 10 -46.2 -30.0 138 113 22.1
Manitoba 4 0 0 n/a n/a 12 4 200.0
Bankruptcies 4 0 0 n/a n/a 11 3 266.7
Proposals 0 0 0 n/a n/a 1 1 0.0
Saskatchewan 0 2 0 -100.0 n/a 5 11 -54.5
Bankruptcies 0 1 0 -100.0 n/a 3 6 -50.0
Proposals 0 1 0 -100.0 n/a 2 5 -60.0
Alberta 11 19 14 -42.1 -21.4 104 102 2.0
Bankruptcies 10 14 14 -28.6 -28.6 77 72 6.9
Proposals 1 5 0 -80.0 n/a 27 30 -10.0
British Columbia 4 6 3 -33.3 33.3 55 46 19.6
Bankruptcies 2 5 1 -60.0 100.0 32 28 14.3
Proposals 2 1 2 100.0 0.0 23 18 27.8
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 162 236 202 -31.4 -19.8 2,686 2,529 6.2
Bankruptcies 119 177 159 -32.8 -25.2 2,068 1,896 9.1
Proposals 43 59 43 -27.1 0.0 618 633 -2.4
Table 3b: Insolvencies Filed by Individual Businesses
Province Volume % Change 12-Month Period Ending
August 2019 July 2019 August 2018 July 2019
to
Aug. 2019
Aug. 2018
to
Aug. 2019
08-31-2019 08-31-2018 % Change
Newfoundland and Labrador 4 1 1 300.0 300.0 28 10 180.0
Bankruptcies 4 1 1 300.0 300.0 28 10 180.0
Proposals 0 0 0 n/a n/a 0 0 n/a
Prince Edward Island 0 0 1 n/a -100.0 4 3 33.3
Bankruptcies 0 0 0 n/a n/a 4 2 100.0
Proposals 0 0 1 n/a -100.0 0 1 -100.0
Nova Scotia 1 3 6 -66.7 -83.3 24 26 -7.7
Bankruptcies 1 3 3 -66.7 -66.7 22 19 15.8
Proposals 0 0 3 n/a -100.0 2 7 -71.4
New Brunswick 0 3 0 -100.0 n/a 20 18 11.1
Bankruptcies 0 2 0 -100.0 n/a 12 17 -29.4
Proposals 0 1 0 -100.0 n/a 8 1 700.0
Quebec 14 21 15 -33.3 -6.7 273 228 19.7
Bankruptcies 11 16 11 -31.3 0.0 182 159 14.5
Proposals 3 5 4 -40.0 -25.0 91 69 31.9
Ontario 43 40 30 7.5 43.3 420 426 -1.4
Bankruptcies 32 28 18 14.3 77.8 297 295 0.7
Proposals 11 12 12 -8.3 -8.3 123 131 -6.1
Manitoba 0 2 2 -100.0 -100.0 24 26 -7.7
Bankruptcies 0 1 1 -100.0 -100.0 21 22 -4.5
Proposals 0 1 1 -100.0 -100.0 3 4 -25.0
Saskatchewan 4 7 6 -42.9 -33.3 90 98 -8.2
Bankruptcies 4 5 2 -20.0 100.0 54 68 -20.6
Proposals 0 2 4 -100.0 -100.0 36 30 20.0
Alberta 6 10 11 -40.0 -45.5 115 97 18.6
Bankruptcies 3 6 9 -50.0 -66.7 84 76 10.5
Proposals 3 4 2 -25.0 50.0 31 21 47.6
British Columbia 5 13 5 -61.5 0.0 72 67 7.5
Bankruptcies 3 11 5 -72.7 -40.0 56 55 1.8
Proposals 2 2 0 0.0 n/a 16 12 33.3
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 77 100 77 -23.0 0.0 1,070 999 7.1
Bankruptcies 58 73 50 -20.5 16.0 760 723 5.1
Proposals 19 27 27 -29.6 -29.6 310 276 12.3
Table 4: Insolvencies by NAICS Economic Sectors, Canada
sector Volume % Change 12-Month Period Ending
August 2019 July 2019 August 2018 July 2019
to
Aug. 2019
Aug. 2018
to
Aug. 2019
08-31-2019 08-31-2018 % Change
Agriculture, Forestry, Fishing and Hunting 7 2 7 250.0 0.0 61 68 -10.3
Bankruptcies 5 0 3 n/a 66.7 44 45 -2.2
Proposals 2 2 4 0.0 -50.0 17 23 -26.1
Mining and Oil and Gas Extraction 1 6 2 -83.3 -50.0 42 30 40.0
Bankruptcies 1 4 1 -75.0 0.0 28 19 47.4
Proposals 0 2 1 -100.0 -100.0 14 11 27.3
Utilities 1 0 0 n/a n/a 7 7 0.0
Bankruptcies 1 0 0 n/a n/a 3 6 -50.0
Proposals 0 0 0 n/a n/a 4 1 300.0
Construction 49 69 47 -29.0 4.3 727 702 3.6
Bankruptcies 36 52 35 -30.8 2.9 545 501 8.8
Proposals 13 17 12 -23.5 8.3 182 201 -9.5
Manufacturing 24 29 25 -17.2 -4.0 329 308 6.8
Bankruptcies 16 22 23 -27.3 -30.4 240 209 14.8
Proposals 8 7 2 14.3 300.0 89 99 -10.1
Wholesale Trade 16 12 13 33.3 23.1 181 159 13.8
Bankruptcies 10 8 12 25.0 -16.7 127 123 3.3
Proposals 6 4 1 50.0 500.0 54 36 50.0
Retail Trade 15 34 36 -55.9 -58.3 383 390 -1.8
Bankruptcies 12 26 28 -53.8 -57.1 299 316 -5.4
Proposals 3 8 8 -62.5 -62.5 84 74 13.5
Transportation and Warehousing 11 12 17 -8.3 -35.3 219 219 0.0
Bankruptcies 9 9 9 0.0 0.0 165 166 -0.6
Proposals 2 3 8 -33.3 -75.0 54 53 1.9
Information and Cultural Industries 5 8 3 -37.5 66.7 83 60 38.3
Bankruptcies 1 6 1 -83.3 0.0 60 47 27.7
Proposals 4 2 2 100.0 100.0 23 13 76.9
Finance and Insurance 6 3 7 100.0 -14.3 74 58 27.6
Bankruptcies 4 2 5 100.0 -20.0 59 42 40.5
Proposals 2 1 2 100.0 0.0 15 16 -6.3
Real Estate and Rental and Leasing 9 16 13 -43.8 -30.8 156 137 13.9
Bankruptcies 6 12 6 -50.0 0.0 113 107 5.6
Proposals 3 4 7 -25.0 -57.1 43 30 43.3
Professional, Scientific and Technical Services 12 34 13 -64.7 -7.7 281 258 8.9
Bankruptcies 11 30 10 -63.3 10.0 224 193 16.1
Proposals 1 4 3 -75.0 -66.7 57 65 -12.3
Management of Companies and Enterprises 4 12 5 -66.7 -20.0 93 86 8.1
Bankruptcies 4 8 5 -50.0 -20.0 72 69 4.3
Proposals 0 4 0 -100.0 n/a 21 17 23.5
Administrative and Support, Waste Management and Remediation Services 14 11 11 27.3 27.3 173 144 20.1
Bankruptcies 10 6 4 66.7 150.0 117 103 13.6
Proposals 4 5 7 -20.0 -42.9 56 41 36.6
Educational Services 5 3 5 66.7 0.0 31 28 10.7
Bankruptcies 3 2 4 50.0 -25.0 22 21 4.8
Proposals 2 1 1 100.0 100.0 9 7 28.6
Health Care and Social Assistance 4 7 8 -42.9 -50.0 86 78 10.3
Bankruptcies 3 3 7 0.0 -57.1 53 54 -1.9
Proposals 1 4 1 -75.0 0.0 33 24 37.5
Arts, Entertainment and Recreation 8 11 3 -27.3 166.7 76 79 -3.8
Bankruptcies 7 9 2 -22.2 250.0 60 60 0.0
Proposals 1 2 1 -50.0 0.0 16 19 -15.8
Accommodation and Food Services 30 48 47 -37.5 -36.2 540 540 0.0
Bankruptcies 22 36 40 -38.9 -45.0 432 394 9.6
Proposals 8 12 7 -33.3 14.3 108 146 -26.0
Other Services (except Public Administration) 18 19 17 -5.3 5.9 213 173 23.1
Bankruptcies 16 15 14 6.7 14.3 164 141 16.3
Proposals 2 4 3 -50.0 -33.3 49 32 53.1
Public Administration 0 0 0 n/a n/a 1 4 -75.0
Bankruptcies 0 0 0 n/a n/a 1 3 -66.7
Proposals 0 0 0 n/a n/a 0 1 -100.0
Total 239 336 279 -28.9 -14.3 3,756 3,528 6.5
Bankruptcies 177 250 209 -29.2 -15.3 2,828 2,619 8.0
Proposals 62 86 70 -27.9 -11.4 928 909 2.1
Date modified: