Insolvency Statistics in Canada—November 2019

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
- Volume % Change 12-Month Period Ending
November 2019 October 2019 November 2018 Oct. 2019 to Nov. 2019 Nov. 2018 to Nov. 2019 11-30-2019 11-30-2018 % Change
Newfoundland and Labrador 276 264 273 4.5 1.1 3,227 2,797 15.4
Bankruptcies 134 131 129 2.3 3.9 1,509 1,387 8.8
Proposals 142 133 144 6.8 -1.4 1,718 1,410 21.8
Prince Edward Island 71 77 63 -7.8 12.7 762 715 6.6
Bankruptcies 38 34 35 11.8 8.6 395 416 -5.0
Proposals 33 43 28 -23.3 17.9 367 299 22.7
Nova Scotia 478 606 490 -21.1 -2.4 6,006 5,630 6.7
Bankruptcies 232 301 299 -22.9 -22.4 3,258 3,536 -7.9
Proposals 246 305 191 -19.3 28.8 2,748 2,094 31.2
New Brunswick 400 471 436 -15.1 -8.3 4,898 4,541 7.9
Bankruptcies 199 227 216 -12.3 -7.9 2,409 2,307 4.4
Proposals 201 244 220 -17.6 -8.6 2,489 2,234 11.4
Quebec 3,741 4,514 3,880 -17.1 -3.6 44,732 44,024 1.6
Bankruptcies 1,807 2,115 1,889 -14.6 -4.3 21,711 22,912 -5.2
Proposals 1,934 2,399 1,991 -19.4 -2.9 23,021 21,112 9.0
Ontario 4,069 4,315 3,661 -5.7 11.1 45,343 39,482 14.8
Bankruptcies 1,211 1,355 1,276 -10.6 -5.1 15,176 15,397 -1.4
Proposals 2,858 2,960 2,385 -3.4 19.8 30,167 24,085 25.3
Manitoba 289 302 267 -4.3 8.2 3,150 2,822 11.6
Bankruptcies 100 120 138 -16.7 -27.5 1,377 1,417 -2.8
Proposals 189 182 129 3.8 46.5 1,773 1,405 26.2
Saskatchewan 355 372 303 -4.6 17.2 3,528 3,493 1.0
Bankruptcies 140 166 113 -15.7 23.9 1,370 1,355 1.1
Proposals 215 206 190 4.4 13.2 2,158 2,138 0.9
Alberta 1,506 1,504 1,376 0.1 9.4 16,674 14,625 14.0
Bankruptcies 490 501 456 -2.2 7.5 5,691 5,083 12.0
Proposals 1,016 1,003 920 1.3 10.4 10,983 9,542 15.1
British Columbia 924 1,077 903 -14.2 2.3 11,224 10,259 9.4
Bankruptcies 345 395 330 -12.7 4.5 4,187 4,168 0.5
Proposals 579 682 573 -15.1 1.0 7,037 6,091 15.5
Northwest Territories 4 7 5 -42.9 -20.0 67 82 -18.3
Bankruptcies 0 0 4 n/a -100.0 12 42 -71.4
Proposals 4 7 1 -42.9 300.0 55 40 37.5
Yukon 7 2 4 250.0 75.0 37 34 8.8
Bankruptcies 4 0 2 n/a 100.0 14 13 7.7
Proposals 3 2 2 50.0 50.0 23 21 9.5
Nunavut 3 1 0 200.0 n/a 8 6 33.3
Bankruptcies 2 0 0 n/a n/a 2 2 0.0
Proposals 1 1 0 0.0 n/a 6 4 50.0
Canada 12,123 13,512 11,661 -10.3 4.0 139,656 128,510 8.7
Bankruptcies 4,702 5,345 4,887 -12.0 -3.8 57,111 58,035 -1.6
Proposals 7,421 8,167 6,774 -9.1 9.6 82,545 70,475 17.1
Table 2: Insolvencies Filed by Consumers
- Volume % Change 12-Month Period Ending
November 2019 October 2019 November 2018 Oct. 2019 to Nov. 2019 Nov. 2018 to Nov. 2019 11-30-2019 11-30-2018 % Change
Newfoundland and Labrador 271 262 268 3.4 1.1 3,186 2,776 14.8
Bankruptcies 132 131 126 0.8 4.8 1,475 1,369 7.7
Proposals 139 131 142 6.1 -2.1 1,711 1,407 21.6
Prince Edward Island 70 77 63 -9.1 11.1 754 711 6.0
Bankruptcies 37 34 35 8.8 5.7 388 413 -6.1
Proposals 33 43 28 -23.3 17.9 366 298 22.8
Nova Scotia 472 603 485 -21.7 -2.7 5,951 5,581 6.6
Bankruptcies 226 298 295 -24.2 -23.4 3,211 3,502 -8.3
Proposals 246 305 190 -19.3 29.5 2,740 2,079 31.8
New Brunswick 397 469 433 -15.4 -8.3 4,852 4,494 8.0
Bankruptcies 197 225 214 -12.4 -7.9 2,374 2,273 4.4
Proposals 200 244 219 -18.0 -8.7 2,478 2,221 11.6
Quebec 3,564 4,329 3,690 -17.7 -3.4 42,605 41,947 1.6
Bankruptcies 1,680 1,983 1,754 -15.3 -4.2 20,076 21,354 -6.0
Proposals 1,884 2,346 1,936 -19.7 -2.7 22,529 20,593 9.4
Ontario 3,996 4,247 3,562 -5.9 12.2 44,440 38,536 15.3
Bankruptcies 1,158 1,308 1,212 -11.5 -4.5 14,514 14,710 -1.3
Proposals 2,838 2,939 2,350 -3.4 20.8 29,926 23,826 25.6
Manitoba 288 299 265 -3.7 8.7 3,115 2,792 11.6
Bankruptcies 99 118 136 -16.1 -27.2 1,347 1,389 -3.0
Proposals 189 181 129 4.4 46.5 1,768 1,403 26.0
Saskatchewan 344 355 289 -3.1 19.0 3,428 3,386 1.2
Bankruptcies 133 154 107 -13.6 24.3 1,310 1,290 1.6
Proposals 211 201 182 5.0 15.9 2,118 2,096 1.0
Alberta 1,491 1,480 1,360 0.7 9.6 16,446 14,427 14.0
Bankruptcies 480 486 440 -1.2 9.1 5,528 4,933 12.1
Proposals 1,011 994 920 1.7 9.9 10,918 9,494 15.0
British Columbia 916 1,069 896 -14.3 2.2 11,098 10,146 9.4
Bankruptcies 338 390 325 -13.3 4.0 4,096 4,091 0.1
Proposals 578 679 571 -14.9 1.2 7,002 6,055 15.6
Northwest Territories 4 7 5 -42.9 -20.0 65 82 -20.7
Bankruptcies 0 0 4 n/a -100.0 11 42 -73.8
Proposals 4 7 1 -42.9 300.0 54 40 35.0
Yukon 7 2 4 250.0 75.0 37 34 8.8
Bankruptcies 4 0 2 n/a 100.0 14 13 7.7
Proposals 3 2 2 50.0 50.0 23 21 9.5
Nunavut 1 1 0 0.0 n/a 6 6 0.0
Bankruptcies 0 0 0 n/a n/a 0 2 -100.0
Proposals 1 1 0 0.0 n/a 6 4 50.0
Canada 11,821 13,200 11,320 -10.4 4.4 135,983 124,918 8.9
Bankruptcies 4,484 5,127 4,650 -12.5 -3.6 54,344 55,381 -1.9
Proposals 7,337 8,073 6,670 -9.1 10.0 81,639 69,537 17.4
Table 3: Insolvencies Filed by Businesses
- Volume % Change 12-Month Period Ending
November 2019 October 2019 November 2018 Oct. 2019 to Nov. 2019 Nov. 2018 to Nov. 2019 11-30-2019 11-30-2018 % Change
Newfoundland and Labrador 5 2 5 150.0 0.0 41 21 95.2
Bankruptcies 2 0 3 n/a -33.3 34 18 88.9
Proposals 3 2 2 50.0 50.0 7 3 133.3
Prince Edward Island 1 0 0 n/a n/a 8 4 100.0
Bankruptcies 1 0 0 n/a n/a 7 3 133.3
Proposals 0 0 0 n/a n/a 1 1 0.0
Nova Scotia 6 3 5 100.0 20.0 55 49 12.2
Bankruptcies 6 3 4 100.0 50.0 47 34 38.2
Proposals 0 0 1 n/a -100.0 8 15 -46.7
New Brunswick 3 2 3 50.0 0.0 46 47 -2.1
Bankruptcies 2 2 2 0.0 0.0 35 34 2.9
Proposals 1 0 1 n/a 0.0 11 13 -15.4
Quebec 177 185 190 -4.3 -6.8 2,127 2,077 2.4
Bankruptcies 127 132 135 -3.8 -5.9 1,635 1,558 4.9
Proposals 50 53 55 -5.7 -9.1 492 519 -5.2
Ontario 73 68 99 7.4 -26.3 903 946 -4.5
Bankruptcies 53 47 64 12.8 -17.2 662 687 -3.6
Proposals 20 21 35 -4.8 -42.9 241 259 -6.9
Manitoba 1 3 2 -66.7 -50.0 35 30 16.7
Bankruptcies 1 2 2 -50.0 -50.0 30 28 7.1
Proposals 0 1 0 -100.0 n/a 5 2 150.0
Saskatchewan 11 17 14 -35.3 -21.4 100 107 -6.5
Bankruptcies 7 12 6 -41.7 16.7 60 65 -7.7
Proposals 4 5 8 -20.0 -50.0 40 42 -4.8
Alberta 15 24 16 -37.5 -6.3 228 198 15.2
Bankruptcies 10 15 16 -33.3 -37.5 163 150 8.7
Proposals 5 9 0 -44.4 n/a 65 48 35.4
British Columbia 8 8 7 0.0 14.3 126 113 11.5
Bankruptcies 7 5 5 40.0 40.0 91 77 18.2
Proposals 1 3 2 -66.7 -50.0 35 36 -2.8
Northwest Territories 0 0 0 n/a n/a 2 0 n/a
Bankruptcies 0 0 0 n/a n/a 1 0 n/a
Proposals 0 0 0 n/a n/a 1 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 2 0 0 n/a n/a 2 0 n/a
Bankruptcies 2 0 0 n/a n/a 2 0 n/a
Proposals 0 0 0 n/a n/a 0 0 n/a
Canada 302 312 341 -3.2 -11.4 3,673 3,592 2.3
Bankruptcies 218 218 237 0.0 -8.0 2,767 2,654 4.3
Proposals 84 94 104 -10.6 -19.2 906 938 -3.4
Table 3a: Insolvencies Filed by Corporations
- Volume % Change 12-Month Period Ending
November 2019 October 2019 November 2018 Oct. 2019 to Nov. 2019 Nov. 2018 to Nov. 2019 11-30-2019 11-30-2018 % Change
Newfoundland and Labrador 3 1 2 200.0 50.0 14 10 40.0
Bankruptcies 2 0 0 n/a n/a 10 7 42.9
Proposals 1 1 2 0.0 -50.0 4 3 33.3
Prince Edward Island 0 0 0 n/a n/a 4 1 300.0
Bankruptcies 0 0 0 n/a n/a 3 1 200.0
Proposals 0 0 0 n/a n/a 1 0 n/a
Nova Scotia 3 1 2 200.0 50.0 28 25 12.0
Bankruptcies 3 1 2 200.0 50.0 21 18 16.7
Proposals 0 0 0 n/a n/a 7 7 0.0
New Brunswick 2 1 1 100.0 100.0 30 29 3.4
Bankruptcies 1 1 1 0.0 0.0 24 19 26.3
Proposals 1 0 0 n/a n/a 6 10 -40.0
Quebec 153 150 160 2.0 -4.4 1,857 1,822 1.9
Bankruptcies 112 114 118 -1.8 -5.1 1,459 1,389 5.0
Proposals 41 36 42 13.9 -2.4 398 433 -8.1
Ontario 42 29 65 44.8 -35.4 485 527 -8.0
Bankruptcies 29 23 44 26.1 -34.1 363 401 -9.5
Proposals 13 6 21 116.7 -38.1 122 126 -3.2
Manitoba 0 0 1 n/a -100.0 10 6 66.7
Bankruptcies 0 0 1 n/a -100.0 9 5 80.0
Proposals 0 0 0 n/a n/a 1 1 0.0
Saskatchewan 1 1 0 0.0 n/a 8 10 -20.0
Bankruptcies 1 1 0 0.0 n/a 5 6 -16.7
Proposals 0 0 0 n/a n/a 3 4 -25.0
Alberta 9 16 9 -43.8 0.0 118 100 18.0
Bankruptcies 4 12 9 -66.7 -55.6 86 74 16.2
Proposals 5 4 0 25.0 n/a 32 26 23.1
British Columbia 5 2 4 150.0 25.0 56 44 27.3
Bankruptcies 5 1 3 400.0 66.7 38 23 65.2
Proposals 0 1 1 -100.0 -100.0 18 21 -14.3
Northwest Territories 0 0 0 n/a n/a 1 0 n/a
Bankruptcies 0 0 0 n/a n/a 0 0 n/a
Proposals 0 0 0 n/a n/a 1 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 2 0 0 n/a n/a 2 0 n/a
Bankruptcies 2 0 0 n/a n/a 2 0 n/a
Proposals 0 0 0 n/a n/a 0 0 n/a
Canada 220 201 244 9.5 -9.8 2,613 2,574 1.5
Bankruptcies 159 153 178 3.9 -10.7 2,020 1,943 4.0
Proposals 61 48 66 27.1 -7.6 593 631 -6.0
Table 3b: Insolvencies Filed by Individual Businesses
- Volume % Change 12-Month Period Ending
November 2019 October 2019 November 2018 Oct. 2019 to Nov. 2019 Nov. 2018 to Nov. 2019 11-30-2019 11-30-2018 % Change
Newfoundland and Labrador 2 1 3 100.0 -33.3 27 11 145.5
Bankruptcies 0 0 3 n/a -100.0 24 11 118.2
Proposals 2 1 0 100.0 n/a 3 0 n/a
Prince Edward Island 1 0 0 n/a n/a 4 3 33.3
Bankruptcies 1 0 0 n/a n/a 4 2 100.0
Proposals 0 0 0 n/a n/a 0 1 -100.0
Nova Scotia 3 2 3 50.0 0.0 27 24 12.5
Bankruptcies 3 2 2 50.0 50.0 26 16 62.5
Proposals 0 0 1 n/a -100.0 1 8 -87.5
New Brunswick 1 1 2 0.0 -50.0 16 18 -11.1
Bankruptcies 1 1 1 0.0 0.0 11 15 -26.7
Proposals 0 0 1 n/a -100.0 5 3 66.7
Quebec 24 35 30 -31.4 -20.0 270 255 5.9
Bankruptcies 15 18 17 -16.7 -11.8 176 169 4.1
Proposals 9 17 13 -47.1 -30.8 94 86 9.3
Ontario 31 39 34 -20.5 -8.8 418 419 -0.2
Bankruptcies 24 24 20 0.0 20.0 299 286 4.5
Proposals 7 15 14 -53.3 -50.0 119 133 -10.5
Manitoba 1 3 1 -66.7 0.0 25 24 4.2
Bankruptcies 1 2 1 -50.0 0.0 21 23 -8.7
Proposals 0 1 0 -100.0 n/a 4 1 300.0
Saskatchewan 10 16 14 -37.5 -28.6 92 97 -5.2
Bankruptcies 6 11 6 -45.5 0.0 55 59 -6.8
Proposals 4 5 8 -20.0 -50.0 37 38 -2.6
Alberta 6 8 7 -25.0 -14.3 110 98 12.2
Bankruptcies 6 3 7 100.0 -14.3 77 76 1.3
Proposals 0 5 0 -100.0 n/a 33 22 50.0
British Columbia 3 6 3 -50.0 0.0 70 69 1.4
Bankruptcies 2 4 2 -50.0 0.0 53 54 -1.9
Proposals 1 2 1 -50.0 0.0 17 15 13.3
Northwest Territories 0 0 0 n/a n/a 1 0 n/a
Bankruptcies 0 0 0 n/a n/a 1 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 82 111 97 -26.1 -15.5 1,060 1,018 4.1
Bankruptcies 59 65 59 -9.2 0.0 747 711 5.1
Proposals 23 46 38 -50.0 -39.5 313 307 2.0
Table 4: Insolvencies by NAICS Economic Sectors, Canada
- Volume % Change 12-Month Period Ending
November 2019 October 2019 November 2018 Oct. 2019 to Nov. 2019 Nov. 2018 to Nov. 2019 11-30-2019 11-30-2018 % Change
Agriculture, Forestry, Fishing and Hunting 6 10 2 -40.0 200.0 69 64 7.8
Bankruptcies 4 7 2 -42.9 100.0 49 46 6.5
Proposals 2 3 0 -33.3 n/a 20 18 11.1
Mining and Oil and Gas Extraction 2 4 3 -50.0 -33.3 46 24 91.7
Bankruptcies 2 0 3 n/a -33.3 28 13 115.4
Proposals 0 4 0 -100.0 n/a 18 11 63.6
Utilities 0 0 1 n/a -100.0 7 8 -12.5
Bankruptcies 0 0 0 n/a n/a 5 5 0.0
Proposals 0 0 1 n/a -100.0 2 3 -33.3
Construction 59 56 64 5.4 -7.8 698 730 -4.4
Bankruptcies 41 38 44 7.9 -6.8 519 525 -1.1
Proposals 18 18 20 0.0 -10.0 179 205 -12.7
Manufacturing 31 27 29 14.8 6.9 325 300 8.3
Bankruptcies 19 18 20 5.6 -5.0 237 207 14.5
Proposals 12 9 9 33.3 33.3 88 93 -5.4
Wholesale Trade 18 13 17 38.5 5.9 187 159 17.6
Bankruptcies 12 10 13 20.0 -7.7 132 123 7.3
Proposals 6 3 4 100.0 50.0 55 36 52.8
Retail Trade 49 33 38 48.5 28.9 374 417 -10.3
Bankruptcies 38 22 26 72.7 46.2 292 331 -11.8
Proposals 11 11 12 0.0 -8.3 82 86 -4.7
Transportation and Warehousing 16 19 19 -15.8 -15.8 206 233 -11.6
Bankruptcies 13 15 13 -13.3 0.0 155 177 -12.4
Proposals 3 4 6 -25.0 -50.0 51 56 -8.9
Information and Cultural Industries 8 5 6 60.0 33.3 79 64 23.4
Bankruptcies 7 4 4 75.0 75.0 59 51 15.7
Proposals 1 1 2 0.0 -50.0 20 13 53.8
Finance and Insurance 5 4 11 25.0 -54.5 64 65 -1.5
Bankruptcies 5 3 8 66.7 -37.5 53 48 10.4
Proposals 0 1 3 -100.0 -100.0 11 17 -35.3
Real Estate and Rental and Leasing 11 15 18 -26.7 -38.9 147 148 -0.7
Bankruptcies 4 11 9 -63.6 -55.6 112 103 8.7
Proposals 7 4 9 75.0 -22.2 35 45 -22.2
Professional, Scientific and Technical Services 17 20 28 -15.0 -39.3 287 254 13.0
Bankruptcies 14 16 22 -12.5 -36.4 225 192 17.2
Proposals 3 4 6 -25.0 -50.0 62 62 0.0
Management of Companies and Enterprises 5 6 8 -16.7 -37.5 89 78 14.1
Bankruptcies 5 6 8 -16.7 -37.5 69 65 6.2
Proposals 0 0 0 n/a n/a 20 13 53.8
Administrative and Support, Waste Management and Remediation Services 9 18 14 -50.0 -35.7 168 159 5.7
Bankruptcies 4 13 7 -69.2 -42.9 118 111 6.3
Proposals 5 5 7 0.0 -28.6 50 48 4.2
Educational Services 2 5 4 -60.0 -50.0 34 29 17.2
Bankruptcies 1 3 2 -66.7 -50.0 24 21 14.3
Proposals 1 2 2 -50.0 -50.0 10 8 25.0
Health Care and Social Assistance 6 12 10 -50.0 -40.0 90 84 7.1
Bankruptcies 6 7 4 -14.3 50.0 59 52 13.5
Proposals 0 5 6 -100.0 -100.0 31 32 -3.1
Arts, Entertainment and Recreation 5 4 4 25.0 25.0 75 71 5.6
Bankruptcies 5 2 1 150.0 400.0 61 54 13.0
Proposals 0 2 3 -100.0 -100.0 14 17 -17.6
Accommodation and Food Services 33 35 48 -5.7 -31.3 516 521 -1.0
Bankruptcies 25 24 38 4.2 -34.2 409 389 5.1
Proposals 8 11 10 -27.3 -20.0 107 132 -18.9
Other Services (except Public Administration) 20 26 17 -23.1 17.6 211 181 16.6
Bankruptcies 13 19 13 -31.6 0.0 160 139 15.1
Proposals 7 7 4 0.0 75.0 51 42 21.4
Public Administration 0 0 0 n/a n/a 1 3 -66.7
Bankruptcies 0 0 0 n/a n/a 1 2 -50.0
Proposals 0 0 0 n/a n/a 0 1 -100.0
Total 302 312 341 -3.2 -11.4 3,673 3,592 2.3
Bankruptcies 218 218 237 0.0 -8.0 2,767 2,654 4.3
Proposals 84 94 104 -10.6 -19.2 906 938 -3.4
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