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Insolvency Statistics in Canada—August 2013
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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.
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| August 2013 | July 2013 | August 2012 | July 2013 to August 2013 | August 2012 to August 2013 | 08-31-2013 | 08-31-2012 | % Change | |
| Newfoundland and Labrador | 135 | 156 | 166 | -13.5 | -18.7 | 1,733 | 1,868 | -7.2 |
| Bankruptcies | 113 | 140 | 155 | -19.3 | -27.1 | 1,587 | 1,724 | -7.9 |
| Proposals | 22 | 16 | 11 | 37.5 | 100.0 | 146 | 144 | 1.4 |
| Prince Edward Island | 68 | 73 | 45 | -6.8 | 51.1 | 639 | 608 | 5.1 |
| Bankruptcies | 46 | 53 | 37 | -13.2 | 24.3 | 484 | 461 | 5.0 |
| Proposals | 22 | 20 | 8 | 10.0 | 175.0 | 155 | 147 | 5.4 |
| Nova Scotia | 433 | 395 | 364 | 9.6 | 19.0 | 4,534 | 4,526 | 0.2 |
| Bankruptcies | 294 | 264 | 255 | 11.4 | 15.3 | 3,229 | 3,451 | -6.4 |
| Proposals | 139 | 131 | 109 | 6.1 | 27.5 | 1,305 | 1,075 | 21.4 |
| New Brunswick | 378 | 369 | 360 | 2.4 | 5.0 | 3,884 | 3,932 | -1.2 |
| Bankruptcies | 269 | 267 | 266 | 0.7 | 1.1 | 2,879 | 3,023 | -4.8 |
| Proposals | 109 | 102 | 94 | 6.9 | 16.0 | 1,005 | 909 | 10.6 |
| Quebec | 3,408 | 3,368 | 3,090 | 1.2 | 10.3 | 40,726 | 37,964 | 7.3 |
| Bankruptcies | 2,215 | 2,219 | 2,156 | -0.2 | 2.7 | 26,505 | 26,450 | 0.2 |
| Proposals | 1,193 | 1,149 | 934 | 3.8 | 27.7 | 14,221 | 11,514 | 23.5 |
| Ontario | 3,628 | 3,681 | 3,967 | -1.4 | -8.5 | 46,205 | 50,511 | -8.5 |
| Bankruptcies | 1,846 | 1,906 | 1,972 | -3.1 | -6.4 | 23,191 | 25,394 | -8.7 |
| Proposals | 1,782 | 1,775 | 1,995 | 0.4 | -10.7 | 23,014 | 25,117 | -8.4 |
| Manitoba | 176 | 164 | 147 | 7.3 | 19.7 | 1,910 | 2,008 | -4.9 |
| Bankruptcies | 109 | 107 | 103 | 1.9 | 5.8 | 1,277 | 1,363 | -6.3 |
| Proposals | 67 | 57 | 44 | 17.5 | 52.3 | 633 | 645 | -1.9 |
| Saskatchewan | 160 | 145 | 172 | 10.3 | -7.0 | 1,736 | 1,990 | -12.8 |
| Bankruptcies | 98 | 97 | 100 | 1.0 | -2.0 | 1,049 | 1,173 | -10.6 |
| Proposals | 62 | 48 | 72 | 29.2 | -13.9 | 687 | 817 | -15.9 |
| Alberta | 650 | 678 | 753 | -4.1 | -13.7 | 8,754 | 9,854 | -11.2 |
| Bankruptcies | 386 | 394 | 464 | -2.0 | -16.8 | 5,157 | 6,433 | -19.8 |
| Proposals | 264 | 284 | 289 | -7.0 | -8.7 | 3,597 | 3,421 | 5.1 |
| British Columbia | 929 | 1,037 | 1,008 | -10.4 | -7.8 | 11,818 | 12,196 | -3.1 |
| Bankruptcies | 530 | 594 | 627 | -10.8 | -15.5 | 7,307 | 7,885 | -7.3 |
| Proposals | 399 | 443 | 381 | -9.9 | 4.7 | 4,511 | 4,311 | 4.6 |
| Northwest Territories | 2 | 8 | 3 | -75.0 | -33.3 | 50 | 45 | 11.1 |
| Bankruptcies | 2 | 6 | 1 | -66.7 | 100.0 | 30 | 28 | 7.1 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 20 | 17 | 17.6 |
| Yukon | 2 | 2 | 3 | 0.0 | -33.3 | 40 | 28 | 42.9 |
| Bankruptcies | 1 | 2 | 1 | -50.0 | 0.0 | 26 | 21 | 23.8 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 14 | 7 | 100.0 |
| Nunavut | 1 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
| Canada | 9,970 | 10,076 | 10,078 | -1.1 | -1.1 | 122,033 | 125,533 | -2.8 |
| Bankruptcies | 5,910 | 6,049 | 6,137 | -2.3 | -3.7 | 72,723 | 77,407 | -6.1 |
| Proposals | 4,060 | 4,027 | 3,941 | 0.8 | 3.0 | 49,310 | 48,126 | 2.5 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| August 2013 | July 2013 | August 2012 | July 2013 to August 2013 | August 2012 to August 2013 | 08-31-2013 | 08-31-2012 | % Change | |
| Newfoundland and Labrador | 125 | 154 | 165 | -18.8 | -24.2 | 1,699 | 1,850 | -8.2 |
| Bankruptcies | 109 | 140 | 154 | -22.1 | -29.2 | 1,567 | 1,709 | -8.3 |
| Proposals | 16 | 14 | 11 | 14.3 | 45.5 | 132 | 141 | -6.4 |
| Prince Edward Island | 64 | 73 | 44 | -12.3 | 45.5 | 624 | 585 | 6.7 |
| Bankruptcies | 44 | 53 | 36 | -17.0 | 22.2 | 473 | 442 | 7.0 |
| Proposals | 20 | 20 | 8 | 0.0 | 150.0 | 151 | 143 | 5.6 |
| Nova Scotia | 419 | 389 | 357 | 7.7 | 17.4 | 4,417 | 4,434 | -0.4 |
| Bankruptcies | 283 | 259 | 251 | 9.3 | 12.7 | 3,137 | 3,374 | -7.0 |
| Proposals | 136 | 130 | 106 | 4.6 | 28.3 | 1,280 | 1,060 | 20.8 |
| New Brunswick | 370 | 364 | 354 | 1.6 | 4.5 | 3,812 | 3,866 | -1.4 |
| Bankruptcies | 265 | 262 | 263 | 1.1 | 0.8 | 2,825 | 2,972 | -4.9 |
| Proposals | 105 | 102 | 91 | 2.9 | 15.4 | 987 | 894 | 10.4 |
| Quebec | 3,254 | 3,192 | 2,942 | 1.9 | 10.6 | 38,609 | 35,891 | 7.6 |
| Bankruptcies | 2,097 | 2,081 | 2,044 | 0.8 | 2.6 | 24,957 | 24,930 | 0.1 |
| Proposals | 1,157 | 1,111 | 898 | 4.1 | 28.8 | 13,652 | 10,961 | 24.6 |
| Ontario | 3,532 | 3,592 | 3,857 | -1.7 | -8.4 | 44,950 | 49,057 | -8.4 |
| Bankruptcies | 1,761 | 1,835 | 1,888 | -4.0 | -6.7 | 22,210 | 24,281 | -8.5 |
| Proposals | 1,771 | 1,757 | 1,969 | 0.8 | -10.1 | 22,740 | 24,776 | -8.2 |
| Manitoba | 166 | 157 | 145 | 5.7 | 14.5 | 1,849 | 1,942 | -4.8 |
| Bankruptcies | 99 | 104 | 101 | -4.8 | -2.0 | 1,226 | 1,311 | -6.5 |
| Proposals | 67 | 53 | 44 | 26.4 | 52.3 | 623 | 631 | -1.3 |
| Saskatchewan | 153 | 133 | 156 | 15.0 | -1.9 | 1,622 | 1,845 | -12.1 |
| Bankruptcies | 94 | 89 | 90 | 5.6 | 4.4 | 981 | 1,080 | -9.2 |
| Proposals | 59 | 44 | 66 | 34.1 | -10.6 | 641 | 765 | -16.2 |
| Alberta | 637 | 669 | 739 | -4.8 | -13.8 | 8,531 | 9,521 | -10.4 |
| Bankruptcies | 379 | 385 | 454 | -1.6 | -16.5 | 5,000 | 6,183 | -19.1 |
| Proposals | 258 | 284 | 285 | -9.2 | -9.5 | 3,531 | 3,338 | 5.8 |
| British Columbia | 911 | 1,024 | 981 | -11.0 | -7.1 | 11,562 | 11,928 | -3.1 |
| Bankruptcies | 519 | 586 | 610 | -11.4 | -14.9 | 7,126 | 7,680 | -7.2 |
| Proposals | 392 | 438 | 371 | -10.5 | 5.7 | 4,436 | 4,248 | 4.4 |
| Northwest Territories | 2 | 8 | 3 | -75.0 | -33.3 | 50 | 44 | 13.6 |
| Bankruptcies | 2 | 6 | 1 | -66.7 | 100.0 | 30 | 28 | 7.1 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 20 | 16 | 25.0 |
| Yukon | 2 | 2 | 3 | 0.0 | -33.3 | 38 | 27 | 40.7 |
| Bankruptcies | 1 | 2 | 1 | -50.0 | 0.0 | 24 | 20 | 20.0 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 14 | 7 | 100.0 |
| Nunavut | 1 | 0 | 0 | -- | -- | 4 | 2 | 100.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 2 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
| Canada | 9,636 | 9,757 | 9,746 | -1.2 | -1.1 | 117,767 | 120,992 | -2.7 |
| Bankruptcies | 5,654 | 5,802 | 5,893 | -2.6 | -4.1 | 69,558 | 74,010 | -6.0 |
| Proposals | 3,982 | 3,955 | 3,853 | 0.7 | 3.3 | 48,209 | 46,982 | 2.6 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| August 2013 | July 2013 | August 2012 | July 2013 to August 2013 | August 2012 to August 2013 | 08-31-2013 | 08-31-2012 | % Change | |
| Newfoundland and Labrador | 10 | 2 | 1 | 400.0 | 900.0 | 34 | 18 | 88.9 |
| Bankruptcies | 4 | 0 | 1 | -- | 300.0 | 20 | 15 | 33.3 |
| Proposals | 6 | 2 | 0 | 200.0 | -- | 14 | 3 | 366.7 |
| Prince Edward Island | 4 | 0 | 1 | -- | 300.0 | 15 | 23 | -34.8 |
| Bankruptcies | 2 | 0 | 1 | -- | 100.0 | 11 | 19 | -42.1 |
| Proposals | 2 | 0 | 0 | -- | -- | 4 | 4 | 0.0 |
| Nova Scotia | 14 | 6 | 7 | 133.3 | 100.0 | 117 | 92 | 27.2 |
| Bankruptcies | 11 | 5 | 4 | 120.0 | 175.0 | 92 | 77 | 19.5 |
| Proposals | 3 | 1 | 3 | 200.0 | 0.0 | 25 | 15 | 66.7 |
| New Brunswick | 8 | 5 | 6 | 60.0 | 33.3 | 72 | 66 | 9.1 |
| Bankruptcies | 4 | 5 | 3 | -20.0 | 33.3 | 54 | 51 | 5.9 |
| Proposals | 4 | 0 | 3 | -- | 33.3 | 18 | 15 | 20.0 |
| Quebec | 154 | 176 | 148 | -12.5 | 4.1 | 2,117 | 2,073 | 2.1 |
| Bankruptcies | 118 | 138 | 112 | -14.5 | 5.4 | 1,548 | 1,520 | 1.8 |
| Proposals | 36 | 38 | 36 | -5.3 | 0.0 | 569 | 553 | 2.9 |
| Ontario | 96 | 89 | 110 | 7.9 | -12.7 | 1,255 | 1,454 | -13.7 |
| Bankruptcies | 85 | 71 | 84 | 19.7 | 1.2 | 981 | 1,113 | -11.9 |
| Proposals | 11 | 18 | 26 | -38.9 | -57.7 | 274 | 341 | -19.6 |
| Manitoba | 10 | 7 | 2 | 42.9 | 400.0 | 61 | 66 | -7.6 |
| Bankruptcies | 10 | 3 | 2 | 233.3 | 400.0 | 51 | 52 | -1.9 |
| Proposals | 0 | 4 | 0 | -100.0 | -- | 10 | 14 | -28.6 |
| Saskatchewan | 7 | 12 | 16 | -41.7 | -56.3 | 114 | 145 | -21.4 |
| Bankruptcies | 4 | 8 | 10 | -50.0 | -60.0 | 68 | 93 | -26.9 |
| Proposals | 3 | 4 | 6 | -25.0 | -50.0 | 46 | 52 | -11.5 |
| Alberta | 13 | 9 | 14 | 44.4 | -7.1 | 223 | 333 | -33.0 |
| Bankruptcies | 7 | 9 | 10 | -22.2 | -30.0 | 157 | 250 | -37.2 |
| Proposals | 6 | 0 | 4 | -- | 50.0 | 66 | 83 | -20.5 |
| British Columbia | 18 | 13 | 27 | 38.5 | -33.3 | 256 | 268 | -4.5 |
| Bankruptcies | 11 | 8 | 17 | 37.5 | -35.3 | 181 | 205 | -11.7 |
| Proposals | 7 | 5 | 10 | 40.0 | -30.0 | 75 | 63 | 19.0 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Yukon | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 334 | 319 | 332 | 4.7 | 0.6 | 4,266 | 4,541 | -6.1 |
| Bankruptcies | 256 | 247 | 244 | 3.6 | 4.9 | 3,165 | 3,397 | -6.8 |
| Proposals | 78 | 72 | 88 | 8.3 | -11.4 | 1,101 | 1,144 | -3.8 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| August 2013 | July 2013 | August 2012 | July 2013 to August 2013 | August 2012 to August 2013 | 08-31-2013 | 08-31-2012 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 23 | 9 | 12 | 155.6 | 91.7 | 115 | 124 | -7.3 |
| Bankruptcies | 12 | 6 | 8 | 100.0 | 50.0 | 79 | 95 | -16.8 |
| Proposals | 11 | 3 | 4 | 266.7 | 175.0 | 36 | 29 | 24.1 |
| Mining and Oil and Gas Extraction | 2 | 1 | 3 | 100.0 | -33.3 | 38 | 27 | 40.7 |
| Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 21 | 20 | 5.0 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 17 | 7 | 142.9 |
| Utilities | 0 | 0 | 1 | -- | -100.0 | 10 | 18 | -44.4 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 5 | 12 | -58.3 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 5 | 6 | -16.7 |
| Construction | 65 | 60 | 61 | 8.3 | 6.6 | 759 | 830 | -8.6 |
| Bankruptcies | 50 | 46 | 41 | 8.7 | 22.0 | 566 | 616 | -8.1 |
| Proposals | 15 | 14 | 20 | 7.1 | -25.0 | 193 | 214 | -9.8 |
| Manufacturing | 35 | 25 | 32 | 40.0 | 9.4 | 423 | 479 | -11.7 |
| Bankruptcies | 24 | 21 | 17 | 14.3 | 41.2 | 296 | 340 | -12.9 |
| Proposals | 11 | 4 | 15 | 175.0 | -26.7 | 127 | 139 | -8.6 |
| Wholesale Trade | 20 | 16 | 18 | 25.0 | 11.1 | 228 | 242 | -5.8 |
| Bankruptcies | 18 | 16 | 14 | 12.5 | 28.6 | 165 | 181 | -8.8 |
| Proposals | 2 | 0 | 4 | -- | -50.0 | 63 | 61 | 3.3 |
| Retail Trade | 35 | 35 | 50 | 0.0 | -30.0 | 526 | 613 | -14.2 |
| Bankruptcies | 33 | 28 | 43 | 17.9 | -23.3 | 411 | 461 | -10.8 |
| Proposals | 2 | 7 | 7 | -71.4 | -71.4 | 115 | 152 | -24.3 |
| Transportation and Warehousing | 16 | 16 | 15 | 0.0 | 6.7 | 259 | 248 | 4.4 |
| Bankruptcies | 13 | 12 | 11 | 8.3 | 18.2 | 207 | 194 | 6.7 |
| Proposals | 3 | 4 | 4 | -25.0 | -25.0 | 52 | 54 | -3.7 |
| Information and Cultural Industries | 0 | 6 | 2 | -100.0 | -100.0 | 62 | 63 | -1.6 |
| Bankruptcies | 0 | 5 | 1 | -100.0 | -100.0 | 54 | 53 | 1.9 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 8 | 10 | -20.0 |
| Finance and Insurance | 6 | 3 | 5 | 100.0 | 20.0 | 75 | 81 | -7.4 |
| Bankruptcies | 6 | 3 | 3 | 100.0 | 100.0 | 64 | 63 | 1.6 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 11 | 18 | -38.9 |
| Real Estate and Rental and Leasing | 7 | 14 | 7 | -50.0 | 0.0 | 130 | 110 | 18.2 |
| Bankruptcies | 6 | 11 | 6 | -45.5 | 0.0 | 100 | 75 | 33.3 |
| Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 30 | 35 | -14.3 |
| Professional, Scientific and Technical Services | 19 | 22 | 18 | -13.6 | 5.6 | 291 | 298 | -2.3 |
| Bankruptcies | 10 | 16 | 12 | -37.5 | -16.7 | 213 | 209 | 1.9 |
| Proposals | 9 | 6 | 6 | 50.0 | 50.0 | 78 | 89 | -12.4 |
| Management of Companies and Enterprises | 10 | 5 | 3 | 100.0 | 233.3 | 73 | 58 | 25.9 |
| Bankruptcies | 8 | 4 | 3 | 100.0 | 166.7 | 53 | 48 | 10.4 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 20 | 10 | 100.0 |
| Administrative and Support, Waste Management and Remediation Services | 18 | 19 | 11 | -5.3 | 63.6 | 206 | 234 | -12.0 |
| Bankruptcies | 13 | 14 | 8 | -7.1 | 62.5 | 156 | 168 | -7.1 |
| Proposals | 5 | 5 | 3 | 0.0 | 66.7 | 50 | 66 | -24.2 |
| Educational Services | 3 | 5 | 0 | -40.0 | -- | 35 | 32 | 9.4 |
| Bankruptcies | 3 | 5 | 0 | -40.0 | -- | 26 | 27 | -3.7 |
| Proposals | 0 | 0 | 0 | -- | -- | 9 | 5 | 80.0 |
| Health Care and Social Assistance | 2 | 3 | 7 | -33.3 | -71.4 | 50 | 61 | -18.0 |
| Bankruptcies | 2 | 2 | 6 | 0.0 | -66.7 | 41 | 46 | -10.9 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 9 | 15 | -40.0 |
| Arts, Entertainment and Recreation | 6 | 10 | 3 | -40.0 | 100.0 | 89 | 76 | 17.1 |
| Bankruptcies | 6 | 8 | 3 | -25.0 | 100.0 | 73 | 65 | 12.3 |
| Proposals | 0 | 2 | 0 | -100.0 | -- | 16 | 11 | 45.5 |
| Accommodation and Food Services | 44 | 51 | 55 | -13.7 | -20.0 | 642 | 673 | -4.6 |
| Bankruptcies | 32 | 38 | 40 | -15.8 | -20.0 | 447 | 491 | -9.0 |
| Proposals | 12 | 13 | 15 | -7.7 | -20.0 | 195 | 182 | 7.1 |
| Other Services (except Public Administration) | 23 | 19 | 29 | 21.1 | -20.7 | 255 | 269 | -5.2 |
| Bankruptcies | 20 | 12 | 26 | 66.7 | -23.1 | 188 | 230 | -18.3 |
| Proposals | 3 | 7 | 3 | -57.1 | 0.0 | 67 | 39 | 71.8 |
| Public Administration | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Total | 334 | 319 | 332 | 4.7 | 0.6 | 4,266 | 4,541 | -6.1 |
| Bankruptcies | 256 | 247 | 244 | 3.6 | 4.9 | 3,165 | 3,397 | -6.8 |
| Proposals | 78 | 72 | 88 | 8.3 | -11.4 | 1,101 | 1,144 | -3.8 |