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Insolvency Statistics – October 2012
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Archived
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
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
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
- 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.
- 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.
- NAICS:
- North American Industry Classification System.
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Oct. 2012 | Sept. 2012 | Oct. 2011 | Sept. 2012 to Oct. 2012 | Oct. 2011 to Oct. 2012 | 10-31-2012 | 10-31-2011 | % Change | |
| Newfoundland and Labrador | 181 | 122 | 179 | 48.4 | 1.1 | 1,829 | 2,229 | -17.9 |
| Bankruptcies | 172 | 113 | 173 | 52.2 | -0.6 | 1,680 | 2,102 | -20.1 |
| Proposals | 9 | 9 | 6 | 0.0 | 50.0 | 149 | 127 | 17.3 |
| Prince Edward Island | 73 | 45 | 55 | 62.2 | 32.7 | 621 | 657 | -5.5 |
| Bankruptcies | 57 | 32 | 44 | 78.1 | 29.5 | 470 | 567 | -17.1 |
| Proposals | 16 | 13 | 11 | 23.1 | 45.5 | 151 | 90 | 67.8 |
| Nova Scotia | 394 | 314 | 363 | 25.5 | 8.5 | 4,452 | 4,817 | -7.6 |
| Bankruptcies | 292 | 242 | 278 | 20.7 | 5.0 | 3,393 | 3,824 | -11.3 |
| Proposals | 102 | 72 | 85 | 41.7 | 20.0 | 1,059 | 993 | 6.6 |
| New Brunswick | 326 | 309 | 346 | 5.5 | -5.8 | 3,908 | 3,624 | 7.8 |
| Bankruptcies | 223 | 239 | 266 | -6.7 | -16.2 | 2,965 | 2,966 | 0.0 |
| Proposals | 103 | 70 | 80 | 47.1 | 28.8 | 943 | 658 | 43.3 |
| Quebec | 3,700 | 2,959 | 3,150 | 25.0 | 17.5 | 38,275 | 38,169 | 0.3 |
| Bankruptcies | 2,446 | 2,011 | 2,278 | 21.6 | 7.4 | 26,308 | 27,629 | -4.8 |
| Proposals | 1,254 | 948 | 872 | 32.3 | 43.8 | 11,967 | 10,540 | 13.5 |
| Ontario | 4,257 | 3,778 | 4,147 | 12.7 | 2.7 | 50,028 | 52,900 | -5.4 |
| Bankruptcies | 2,160 | 1,919 | 2,129 | 12.6 | 1.5 | 25,069 | 27,604 | -9.2 |
| Proposals | 2,097 | 1,859 | 2,018 | 12.8 | 3.9 | 24,959 | 25,296 | -1.3 |
| Manitoba | 157 | 173 | 202 | -9.2 | -22.3 | 1,949 | 2,350 | -17.1 |
| Bankruptcies | 103 | 124 | 138 | -16.9 | -25.4 | 1,330 | 1,683 | -21.0 |
| Proposals | 54 | 49 | 64 | 10.2 | -15.6 | 619 | 667 | -7.2 |
| Saskatchewan | 138 | 147 | 174 | -6.1 | -20.7 | 1,913 | 2,281 | -16.1 |
| Bankruptcies | 77 | 89 | 103 | -13.5 | -25.2 | 1,120 | 1,428 | -21.6 |
| Proposals | 61 | 58 | 71 | 5.2 | -14.1 | 793 | 853 | -7.0 |
| Alberta | 841 | 686 | 836 | 22.6 | 0.6 | 9,746 | 10,491 | -7.1 |
| Bankruptcies | 507 | 442 | 545 | 14.7 | -7.0 | 6,289 | 7,445 | -15.5 |
| Proposals | 334 | 244 | 291 | 36.9 | 14.8 | 3,457 | 3,046 | 13.5 |
| British Columbia | 1,010 | 876 | 915 | 15.3 | 10.4 | 12,149 | 12,118 | 0.3 |
| Bankruptcies | 649 | 588 | 604 | 10.4 | 7.5 | 7,855 | 8,599 | -8.7 |
| Proposals | 361 | 288 | 311 | 25.3 | 16.1 | 4,294 | 3,519 | 22.0 |
| Northwest Territories | 11 | 2 | 1 | 450.0 | 1,000.0 | 54 | 43 | 25.6 |
| Bankruptcies | 6 | 0 | 1 | -- | 500.0 | 31 | 28 | 10.7 |
| Proposals | 5 | 2 | 0 | 150.0 | -- | 23 | 15 | 53.3 |
| Yukon | 8 | 5 | 1 | 60.0 | 700.0 | 37 | 46 | -19.6 |
| Bankruptcies | 4 | 2 | 1 | 100.0 | 300.0 | 23 | 40 | -42.5 |
| Proposals | 4 | 3 | 0 | 33.3 | -- | 14 | 6 | 133.3 |
| Nunavut | 1 | 0 | 0 | -- | -- | 4 | 8 | -50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 7 | -85.7 |
| Proposals | 1 | 0 | 0 | -- | -- | 3 | 1 | 200.0 |
| Canada | 11,097 | 9,416 | 10,369 | 17.9 | 7.0 | 124,965 | 129,733 | -3.7 |
| Bankruptcies | 6,696 | 5,801 | 6,560 | 15.4 | 2.1 | 76,534 | 83,922 | -8.8 |
| Proposals | 4,401 | 3,615 | 3,809 | 21.7 | 15.5 | 48,431 | 45,811 | 5.7 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Oct. 2012 | Sept. 2012 | Oct. 2011 | Sept. 2012 to Oct. 2012 | Oct. 2011 to Oct. 2012 | 10-31-2012 | 10-31-2011 | % Change | |
| Newfoundland and Labrador | 179 | 117 | 175 | 53.0 | 2.3 | 1,811 | 2,196 | -17.5 |
| Bankruptcies | 170 | 111 | 171 | 53.2 | -0.6 | 1,666 | 2,073 | -19.6 |
| Proposals | 9 | 6 | 4 | 50.0 | 125.0 | 145 | 123 | 17.9 |
| Prince Edward Island | 73 | 44 | 51 | 65.9 | 43.1 | 603 | 640 | -5.8 |
| Bankruptcies | 57 | 31 | 40 | 83.9 | 42.5 | 456 | 553 | -17.5 |
| Proposals | 16 | 13 | 11 | 23.1 | 45.5 | 147 | 87 | 69.0 |
| Nova Scotia | 380 | 308 | 355 | 23.4 | 7.0 | 4,353 | 4,686 | -7.1 |
| Bankruptcies | 280 | 237 | 271 | 18.1 | 3.3 | 3,311 | 3,712 | -10.8 |
| Proposals | 100 | 71 | 84 | 40.8 | 19.0 | 1,042 | 974 | 7.0 |
| New Brunswick | 316 | 304 | 345 | 3.9 | -8.4 | 3,840 | 3,561 | 7.8 |
| Bankruptcies | 215 | 237 | 265 | -9.3 | -18.9 | 2,915 | 2,919 | -0.1 |
| Proposals | 101 | 67 | 80 | 50.7 | 26.3 | 925 | 642 | 44.1 |
| Quebec | 3,553 | 2,769 | 2,964 | 28.3 | 19.9 | 36,235 | 36,036 | 0.6 |
| Bankruptcies | 2,347 | 1,875 | 2,140 | 25.2 | 9.7 | 24,814 | 26,038 | -4.7 |
| Proposals | 1,206 | 894 | 824 | 34.9 | 46.4 | 11,421 | 9,998 | 14.2 |
| Ontario | 4,148 | 3,672 | 4,028 | 13.0 | 3.0 | 48,600 | 51,273 | -5.2 |
| Bankruptcies | 2,075 | 1,840 | 2,045 | 12.8 | 1.5 | 23,975 | 26,312 | -8.9 |
| Proposals | 2,073 | 1,832 | 1,983 | 13.2 | 4.5 | 24,625 | 24,961 | -1.3 |
| Manitoba | 151 | 171 | 192 | -11.7 | -21.4 | 1,891 | 2,284 | -17.2 |
| Bankruptcies | 99 | 122 | 129 | -18.9 | -23.3 | 1,287 | 1,628 | -20.9 |
| Proposals | 52 | 49 | 63 | 6.1 | -17.5 | 604 | 656 | -7.9 |
| Saskatchewan | 128 | 139 | 165 | -7.9 | -22.4 | 1,776 | 2,121 | -16.3 |
| Bankruptcies | 72 | 85 | 97 | -15.3 | -25.8 | 1,035 | 1,320 | -21.6 |
| Proposals | 56 | 54 | 68 | 3.7 | -17.6 | 741 | 801 | -7.5 |
| Alberta | 816 | 662 | 798 | 23.3 | 2.3 | 9,434 | 10,128 | -6.9 |
| Bankruptcies | 489 | 421 | 515 | 16.2 | -5.0 | 6,053 | 7,155 | -15.4 |
| Proposals | 327 | 241 | 283 | 35.7 | 15.5 | 3,381 | 2,973 | 13.7 |
| British Columbia | 990 | 862 | 893 | 14.8 | 10.9 | 11,891 | 11,868 | 0.2 |
| Bankruptcies | 641 | 577 | 584 | 11.1 | 9.8 | 7,669 | 8,400 | -8.7 |
| Proposals | 349 | 285 | 309 | 22.5 | 12.9 | 4,222 | 3,468 | 21.7 |
| Northwest Territories | 11 | 2 | 1 | 450.0 | 1,000.0 | 53 | 41 | 29.3 |
| Bankruptcies | 6 | 0 | 1 | -- | 500.0 | 31 | 28 | 10.7 |
| Proposals | 5 | 2 | 0 | 150.0 | -- | 22 | 13 | 69.2 |
| Yukon | 8 | 5 | 1 | 60.0 | 700.0 | 36 | 44 | -18.2 |
| Bankruptcies | 4 | 2 | 1 | 100.0 | 300.0 | 22 | 39 | -43.6 |
| Proposals | 4 | 3 | 0 | 33.3 | -- | 14 | 5 | 180.0 |
| Nunavut | 1 | 0 | 0 | -- | -- | 3 | 8 | -62.5 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 7 | -100.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 3 | 1 | 200.0 |
| Canada | 10,754 | 9,055 | 9,968 | 18.8 | 7.9 | 120,526 | 124,886 | -3.5 |
| Bankruptcies | 6,455 | 5,538 | 6,259 | 16.6 | 3.1 | 73,234 | 80,184 | -8.7 |
| Proposals | 4,299 | 3,517 | 3,709 | 22.2 | 15.9 | 47,292 | 44,702 | 5.8 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Oct. 2012 | Sept. 2012 | Oct. 2011 | Sept. 2012 to Oct. 2012 | Oct. 2011 to Oct. 2012 | 10-31-2012 | 10-31-2011 | % Change | |
| Newfoundland and Labrador | 2 | 5 | 4 | -60.0 | -50.0 | 18 | 33 | -45.5 |
| Bankruptcies | 2 | 2 | 2 | 0.0 | 0.0 | 14 | 29 | -51.7 |
| Proposals | 0 | 3 | 2 | -100.0 | -100.0 | 4 | 4 | 0.0 |
| Prince Edward Island | 0 | 1 | 4 | -100.0 | -100.0 | 18 | 17 | 5.9 |
| Bankruptcies | 0 | 1 | 4 | -100.0 | -100.0 | 14 | 14 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
| Nova Scotia | 14 | 6 | 8 | 133.3 | 75.0 | 99 | 131 | -24.4 |
| Bankruptcies | 12 | 5 | 7 | 140.0 | 71.4 | 82 | 112 | -26.8 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 17 | 19 | -10.5 |
| New Brunswick | 10 | 5 | 1 | 100.0 | 900.0 | 68 | 63 | 7.9 |
| Bankruptcies | 8 | 2 | 1 | 300.0 | 700.0 | 50 | 47 | 6.4 |
| Proposals | 2 | 3 | 0 | -33.3 | -- | 18 | 16 | 12.5 |
| Quebec | 147 | 190 | 186 | -22.6 | -21.0 | 2,040 | 2,133 | -4.4 |
| Bankruptcies | 99 | 136 | 138 | -27.2 | -28.3 | 1,494 | 1,591 | -6.1 |
| Proposals | 48 | 54 | 48 | -11.1 | 0.0 | 546 | 542 | 0.7 |
| Ontario | 109 | 106 | 119 | 2.8 | -8.4 | 1,428 | 1,627 | -12.2 |
| Bankruptcies | 85 | 79 | 84 | 7.6 | 1.2 | 1,094 | 1,292 | -15.3 |
| Proposals | 24 | 27 | 35 | -11.1 | -31.4 | 334 | 335 | -0.3 |
| Manitoba | 6 | 2 | 10 | 200.0 | -40.0 | 58 | 66 | -12.1 |
| Bankruptcies | 4 | 2 | 9 | 100.0 | -55.6 | 43 | 55 | -21.8 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 15 | 11 | 36.4 |
| Saskatchewan | 10 | 8 | 9 | 25.0 | 11.1 | 137 | 160 | -14.4 |
| Bankruptcies | 5 | 4 | 6 | 25.0 | -16.7 | 85 | 108 | -21.3 |
| Proposals | 5 | 4 | 3 | 25.0 | 66.7 | 52 | 52 | 0.0 |
| Alberta | 25 | 24 | 38 | 4.2 | -34.2 | 312 | 363 | -14.0 |
| Bankruptcies | 18 | 21 | 30 | -14.3 | -40.0 | 236 | 290 | -18.6 |
| Proposals | 7 | 3 | 8 | 133.3 | -12.5 | 76 | 73 | 4.1 |
| British Columbia | 20 | 14 | 22 | 42.9 | -9.1 | 258 | 250 | 3.2 |
| Bankruptcies | 8 | 11 | 20 | -27.3 | -60.0 | 186 | 199 | -6.5 |
| Proposals | 12 | 3 | 2 | 300.0 | 500.0 | 72 | 51 | 41.2 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 1 | 2 | -50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 2 | -50.0 |
| Yukon | 0 | 0 | 0 | -- | -- | 1 | 2 | -50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 343 | 361 | 401 | -5.0 | -14.5 | 4,439 | 4,847 | -8.4 |
| Bankruptcies | 241 | 263 | 301 | -8.4 | -19.9 | 3,300 | 3,738 | -11.7 |
| Proposals | 102 | 98 | 100 | 4.1 | 2.0 | 1,139 | 1,109 | 2.7 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Oct. 2012 | Sept. 2012 | Oct. 2011 | Sept. 2012 to Oct. 2012 | Oct. 2011 to Oct. 2012 | 10-31-2012 | 10-31-2011 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 7 | 9 | 7 | -22.2 | 0.0 | 118 | 135 | -12.6 |
| Bankruptcies | 6 | 5 | 7 | 20.0 | -14.3 | 88 | 93 | -5.4 |
| Proposals | 1 | 4 | 0 | -75.0 | -- | 30 | 42 | -28.6 |
| Mining and Oil and Gas Extraction | 1 | 5 | 3 | -80.0 | -66.7 | 27 | 31 | -12.9 |
| Bankruptcies | 0 | 4 | 1 | -100.0 | -100.0 | 22 | 22 | 0.0 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 5 | 9 | -44.4 |
| Utilities | 2 | 0 | 1 | -- | 100.0 | 19 | 12 | 58.3 |
| Bankruptcies | 2 | 0 | 1 | -- | 100.0 | 13 | 8 | 62.5 |
| Proposals | 0 | 0 | 0 | -- | -- | 6 | 4 | 50.0 |
| Construction | 71 | 54 | 74 | 31.5 | -4.1 | 809 | 826 | -2.1 |
| Bankruptcies | 49 | 42 | 55 | 16.7 | -10.9 | 599 | 654 | -8.4 |
| Proposals | 22 | 12 | 19 | 83.3 | 15.8 | 210 | 172 | 22.1 |
| Manufacturing | 43 | 35 | 66 | 22.9 | -34.8 | 457 | 545 | -16.1 |
| Bankruptcies | 29 | 25 | 49 | 16.0 | -40.8 | 322 | 385 | -16.4 |
| Proposals | 14 | 10 | 17 | 40.0 | -17.6 | 135 | 160 | -15.6 |
| Wholesale Trade | 16 | 18 | 19 | -11.1 | -15.8 | 241 | 273 | -11.7 |
| Bankruptcies | 8 | 13 | 15 | -38.5 | -46.7 | 175 | 212 | -17.5 |
| Proposals | 8 | 5 | 4 | 60.0 | 100.0 | 66 | 61 | 8.2 |
| Retail Trade | 43 | 56 | 56 | -23.2 | -23.2 | 598 | 658 | -9.1 |
| Bankruptcies | 30 | 42 | 46 | -28.6 | -34.8 | 441 | 527 | -16.3 |
| Proposals | 13 | 14 | 10 | -7.1 | 30.0 | 157 | 131 | 19.8 |
| Transportation and Warehousing | 33 | 20 | 13 | 65.0 | 153.8 | 260 | 319 | -18.5 |
| Bankruptcies | 26 | 17 | 9 | 52.9 | 188.9 | 206 | 264 | -22.0 |
| Proposals | 7 | 3 | 4 | 133.3 | 75.0 | 54 | 55 | -1.8 |
| Information and Cultural Industries | 4 | 6 | 6 | -33.3 | -33.3 | 60 | 85 | -29.4 |
| Bankruptcies | 3 | 4 | 5 | -25.0 | -40.0 | 51 | 55 | -7.3 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 9 | 30 | -70.0 |
| Finance and Insurance | 4 | 5 | 6 | -20.0 | -33.3 | 77 | 109 | -29.4 |
| Bankruptcies | 4 | 3 | 3 | 33.3 | 33.3 | 63 | 81 | -22.2 |
| Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 14 | 28 | -50.0 |
| Real Estate and Rental and Leasing | 5 | 11 | 11 | -54.5 | -54.5 | 110 | 151 | -27.2 |
| Bankruptcies | 4 | 6 | 8 | -33.3 | -50.0 | 72 | 119 | -39.5 |
| Proposals | 1 | 5 | 3 | -80.0 | -66.7 | 38 | 32 | 18.8 |
| Professional, Scientific and Technical Services | 17 | 20 | 28 | -15.0 | -39.3 | 281 | 294 | -4.4 |
| Bankruptcies | 12 | 16 | 22 | -25.0 | -45.5 | 199 | 211 | -5.7 |
| Proposals | 5 | 4 | 6 | 25.0 | -16.7 | 82 | 83 | -1.2 |
| Management of Companies and Enterprises | 9 | 7 | 4 | 28.6 | 125.0 | 65 | 55 | 18.2 |
| Bankruptcies | 6 | 7 | 4 | -14.3 | 50.0 | 54 | 46 | 17.4 |
| Proposals | 3 | 0 | 0 | -- | -- | 11 | 9 | 22.2 |
| Administrative and Support, Waste Management and Remediation Services | 14 | 19 | 21 | -26.3 | -33.3 | 216 | 214 | 0.9 |
| Bankruptcies | 11 | 15 | 18 | -26.7 | -38.9 | 154 | 177 | -13.0 |
| Proposals | 3 | 4 | 3 | -25.0 | 0.0 | 62 | 37 | 67.6 |
| Educational Services | 3 | 2 | 3 | 50.0 | 0.0 | 32 | 35 | -8.6 |
| Bankruptcies | 2 | 2 | 3 | 0.0 | -33.3 | 27 | 25 | 8.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 5 | 10 | -50.0 |
| Health Care and Social Assistance | 2 | 6 | 5 | -66.7 | -60.0 | 57 | 81 | -29.6 |
| Bankruptcies | 2 | 5 | 2 | -60.0 | 0.0 | 44 | 60 | -26.7 |
| Proposals | 0 | 1 | 3 | -100.0 | -100.0 | 13 | 21 | -38.1 |
| Arts, Entertainment and Recreation | 8 | 6 | 4 | 33.3 | 100.0 | 76 | 91 | -16.5 |
| Bankruptcies | 5 | 4 | 3 | 25.0 | 66.7 | 63 | 78 | -19.2 |
| Proposals | 3 | 2 | 1 | 50.0 | 200.0 | 13 | 13 | 0.0 |
| Accommodation and Food Services | 37 | 64 | 57 | -42.2 | -35.1 | 658 | 637 | 3.3 |
| Bankruptcies | 26 | 39 | 37 | -33.3 | -29.7 | 474 | 490 | -3.3 |
| Proposals | 11 | 25 | 20 | -56.0 | -45.0 | 184 | 147 | 25.2 |
| Other Services (except Public Administration) | 24 | 18 | 17 | 33.3 | 41.2 | 274 | 290 | -5.5 |
| Bankruptcies | 16 | 14 | 13 | 14.3 | 23.1 | 230 | 228 | 0.9 |
| Proposals | 8 | 4 | 4 | 100.0 | 100.0 | 44 | 62 | -29.0 |
| Public Administration | 0 | 0 | 0 | -- | -- | 4 | 5 | -20.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 3 | -66.7 |
| Total | 343 | 361 | 401 | -5.0 | -14.5 | 4,439 | 4,847 | -8.4 |
| Bankruptcies | 241 | 263 | 301 | -8.4 | -19.9 | 3,300 | 3,738 | -11.7 |
| Proposals | 102 | 98 | 100 | 4.1 | 2.0 | 1,139 | 1,109 | 2.7 |