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Insolvency Statistics in Canada—November 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 | ||||||
---|---|---|---|---|---|---|---|---|
Nov. 2013 | Oct. 2013 | Nov. 2012 | Oct. 2013 to Nov. 2013 | Nov. 2012 to Nov. 2013 | 11-30-2013 | 11-30-2012 | % Change | |
Newfoundland and Labrador | 147 | 143 | 124 | 2.8 | 18.5 | 1,719 | 1,783 | -3.6 |
Bankruptcies | 128 | 126 | 112 | 1.6 | 14.3 | 1,559 | 1,636 | -4.7 |
Proposals | 19 | 17 | 12 | 11.8 | 58.3 | 160 | 147 | 8.8 |
Prince Edward Island | 63 | 51 | 54 | 23.5 | 16.7 | 628 | 633 | -0.8 |
Bankruptcies | 45 | 35 | 41 | 28.6 | 9.8 | 462 | 474 | -2.5 |
Proposals | 18 | 16 | 13 | 12.5 | 38.5 | 166 | 159 | 4.4 |
Nova Scotia | 362 | 463 | 397 | -21.8 | -8.8 | 4,704 | 4,484 | 4.9 |
Bankruptcies | 265 | 333 | 277 | -20.4 | -4.3 | 3,322 | 3,405 | -2.4 |
Proposals | 97 | 130 | 120 | -25.4 | -19.2 | 1,382 | 1,079 | 28.1 |
New Brunswick | 363 | 387 | 315 | -6.2 | 15.2 | 4,014 | 3,943 | 1.8 |
Bankruptcies | 254 | 269 | 248 | -5.6 | 2.4 | 2,909 | 2,987 | -2.6 |
Proposals | 109 | 118 | 67 | -7.6 | 62.7 | 1,105 | 956 | 15.6 |
Quebec | 3,532 | 4,010 | 3,505 | -11.9 | 0.8 | 41,603 | 38,306 | 8.6 |
Bankruptcies | 2,154 | 2,514 | 2,334 | -14.3 | -7.7 | 26,635 | 26,228 | 1.6 |
Proposals | 1,378 | 1,496 | 1,171 | -7.9 | 17.7 | 14,968 | 12,078 | 23.9 |
Ontario | 3,725 | 4,075 | 4,183 | -8.6 | -10.9 | 45,509 | 49,526 | -8.1 |
Bankruptcies | 1,887 | 2,071 | 2,078 | -8.9 | -9.2 | 22,793 | 24,768 | -8.0 |
Proposals | 1,838 | 2,004 | 2,105 | -8.3 | -12.7 | 22,716 | 24,758 | -8.2 |
Manitoba | 170 | 153 | 184 | 11.1 | -7.6 | 1,870 | 1,959 | -4.5 |
Bankruptcies | 113 | 103 | 130 | 9.7 | -13.1 | 1,236 | 1,340 | -7.8 |
Proposals | 57 | 50 | 54 | 14.0 | 5.6 | 634 | 619 | 2.4 |
Saskatchewan | 158 | 155 | 128 | 1.9 | 23.4 | 1,799 | 1,869 | -3.7 |
Bankruptcies | 90 | 95 | 75 | -5.3 | 20.0 | 1,098 | 1,103 | -0.5 |
Proposals | 68 | 60 | 53 | 13.3 | 28.3 | 701 | 766 | -8.5 |
Alberta | 629 | 731 | 765 | -14.0 | -17.8 | 8,511 | 9,638 | -11.7 |
Bankruptcies | 331 | 398 | 435 | -16.8 | -23.9 | 4,890 | 6,128 | -20.2 |
Proposals | 298 | 333 | 330 | -10.5 | -9.7 | 3,621 | 3,510 | 3.2 |
British Columbia | 1,010 | 1,109 | 949 | -8.9 | 6.4 | 12,054 | 12,061 | -0.1 |
Bankruptcies | 587 | 683 | 606 | -14.1 | -3.1 | 7,325 | 7,812 | -6.2 |
Proposals | 423 | 426 | 343 | -0.7 | 23.3 | 4,729 | 4,249 | 11.3 |
Northwest Territories | 5 | 8 | 2 | -37.5 | 150.0 | 51 | 55 | -7.3 |
Bankruptcies | 3 | 4 | 2 | -25.0 | 50.0 | 30 | 32 | -6.3 |
Proposals | 2 | 4 | 0 | -50.0 | -- | 21 | 23 | -8.7 |
Yukon | 6 | 2 | 6 | 200.0 | 0.0 | 29 | 41 | -29.3 |
Bankruptcies | 5 | 1 | 5 | 400.0 | 0.0 | 21 | 26 | -19.2 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 8 | 15 | -46.7 |
Nunavut | 1 | 1 | 0 | 0.0 | -- | 5 | 4 | 25.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 3 | 1 | 200.0 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 2 | 3 | -33.3 |
Canada | 10,171 | 11,288 | 10,612 | -9.9 | -4.2 | 122,496 | 124,302 | -1.5 |
Bankruptcies | 5,863 | 6,632 | 6,343 | -11.6 | -7.6 | 72,283 | 75,940 | -4.8 |
Proposals | 4,308 | 4,656 | 4,269 | -7.5 | 0.9 | 50,213 | 48,362 | 3.8 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Nov. 2013 | Oct. 2013 | Nov. 2012 | Oct. 2013 to Nov. 2013 | Nov. 2012 to Nov. 2013 | 11-30-2013 | 11-30-2012 | % Change | |
Newfoundland and Labrador | 146 | 141 | 123 | 3.5 | 18.7 | 1,690 | 1,764 | -4.2 |
Bankruptcies | 127 | 124 | 111 | 2.4 | 14.4 | 1,541 | 1,621 | -4.9 |
Proposals | 19 | 17 | 12 | 11.8 | 58.3 | 149 | 143 | 4.2 |
Prince Edward Island | 62 | 49 | 54 | 26.5 | 14.8 | 607 | 617 | -1.6 |
Bankruptcies | 44 | 33 | 41 | 33.3 | 7.3 | 445 | 462 | -3.7 |
Proposals | 18 | 16 | 13 | 12.5 | 38.5 | 162 | 155 | 4.5 |
Nova Scotia | 351 | 452 | 382 | -22.3 | -8.1 | 4,593 | 4,375 | 5.0 |
Bankruptcies | 259 | 326 | 267 | -20.6 | -3.0 | 3,238 | 3,316 | -2.4 |
Proposals | 92 | 126 | 115 | -27.0 | -20.0 | 1,355 | 1,059 | 28.0 |
New Brunswick | 348 | 383 | 312 | -9.1 | 11.5 | 3,936 | 3,876 | 1.5 |
Bankruptcies | 242 | 266 | 245 | -9.0 | -1.2 | 2,849 | 2,938 | -3.0 |
Proposals | 106 | 117 | 67 | -9.4 | 58.2 | 1,087 | 938 | 15.9 |
Quebec | 3,360 | 3,811 | 3,330 | -11.8 | 0.9 | 39,450 | 36,303 | 8.7 |
Bankruptcies | 2,034 | 2,363 | 2,204 | -13.9 | -7.7 | 25,055 | 24,757 | 1.2 |
Proposals | 1,326 | 1,448 | 1,126 | -8.4 | 17.8 | 14,395 | 11,546 | 24.7 |
Ontario | 3,640 | 3,968 | 4,061 | -8.3 | -10.4 | 44,307 | 48,106 | -7.9 |
Bankruptcies | 1,818 | 1,989 | 1,983 | -8.6 | -8.3 | 21,846 | 23,681 | -7.7 |
Proposals | 1,822 | 1,979 | 2,078 | -7.9 | -12.3 | 22,461 | 24,425 | -8.0 |
Manitoba | 165 | 146 | 179 | 13.0 | -7.8 | 1,805 | 1,906 | -5.3 |
Bankruptcies | 111 | 98 | 126 | 13.3 | -11.9 | 1,183 | 1,301 | -9.1 |
Proposals | 54 | 48 | 53 | 12.5 | 1.9 | 622 | 605 | 2.8 |
Saskatchewan | 140 | 150 | 121 | -6.7 | 15.7 | 1,680 | 1,738 | -3.3 |
Bankruptcies | 83 | 91 | 69 | -8.8 | 20.3 | 1,030 | 1,021 | 0.9 |
Proposals | 57 | 59 | 52 | -3.4 | 9.6 | 650 | 717 | -9.3 |
Alberta | 619 | 711 | 738 | -12.9 | -16.1 | 8,318 | 9,325 | -10.8 |
Bankruptcies | 323 | 383 | 420 | -15.7 | -23.1 | 4,751 | 5,896 | -19.4 |
Proposals | 296 | 328 | 318 | -9.8 | -6.9 | 3,567 | 3,429 | 4.0 |
British Columbia | 986 | 1,089 | 924 | -9.5 | 6.7 | 11,793 | 11,788 | 0.0 |
Bankruptcies | 568 | 672 | 590 | -15.5 | -3.7 | 7,131 | 7,618 | -6.4 |
Proposals | 418 | 417 | 334 | 0.2 | 25.1 | 4,662 | 4,170 | 11.8 |
Northwest Territories | 5 | 8 | 2 | -37.5 | 150.0 | 51 | 54 | -5.6 |
Bankruptcies | 3 | 4 | 2 | -25.0 | 50.0 | 30 | 32 | -6.3 |
Proposals | 2 | 4 | 0 | -50.0 | -- | 21 | 22 | -4.5 |
Yukon | 6 | 2 | 6 | 200.0 | 0.0 | 27 | 40 | -32.5 |
Bankruptcies | 5 | 1 | 5 | 400.0 | 0.0 | 19 | 25 | -24.0 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 8 | 15 | -46.7 |
Nunavut | 1 | 1 | 0 | 0.0 | -- | 5 | 3 | 66.7 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 3 | 0 | -- |
Proposals | 0 | 1 | 0 | -100.0 | -- | 2 | 3 | -33.3 |
Canada | 9,829 | 10,911 | 10,232 | -9.9 | -3.9 | 118,262 | 119,895 | -1.4 |
Bankruptcies | 5,618 | 6,350 | 6,063 | -11.5 | -7.3 | 69,121 | 72,668 | -4.9 |
Proposals | 4,211 | 4,561 | 4,169 | -7.7 | 1.0 | 49,141 | 47,227 | 4.1 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Nov. 2013 | Oct. 2013 | Nov. 2012 | Oct. 2013 to Nov. 2013 | Nov. 2012 to Nov. 2013 | 11-30-2013 | 11-30-2012 | % Change | |
Newfoundland and Labrador | 1 | 2 | 1 | -50.0 | 0.0 | 29 | 19 | 52.6 |
Bankruptcies | 1 | 2 | 1 | -50.0 | 0.0 | 18 | 15 | 20.0 |
Proposals | 0 | 0 | 0 | -- | -- | 11 | 4 | 175.0 |
Prince Edward Island | 1 | 2 | 0 | -50.0 | -- | 21 | 16 | 31.3 |
Bankruptcies | 1 | 2 | 0 | -50.0 | -- | 17 | 12 | 41.7 |
Proposals | 0 | 0 | 0 | -- | -- | 4 | 4 | 0.0 |
Nova Scotia | 11 | 11 | 15 | 0.0 | -26.7 | 111 | 109 | 1.8 |
Bankruptcies | 6 | 7 | 10 | -14.3 | -40.0 | 84 | 89 | -5.6 |
Proposals | 5 | 4 | 5 | 25.0 | 0.0 | 27 | 20 | 35.0 |
New Brunswick | 15 | 4 | 3 | 275.0 | 400.0 | 78 | 67 | 16.4 |
Bankruptcies | 12 | 3 | 3 | 300.0 | 300.0 | 60 | 49 | 22.4 |
Proposals | 3 | 1 | 0 | 200.0 | -- | 18 | 18 | 0.0 |
Quebec | 172 | 199 | 175 | -13.6 | -1.7 | 2,153 | 2,003 | 7.5 |
Bankruptcies | 120 | 151 | 130 | -20.5 | -7.7 | 1,580 | 1,471 | 7.4 |
Proposals | 52 | 48 | 45 | 8.3 | 15.6 | 573 | 532 | 7.7 |
Ontario | 85 | 107 | 122 | -20.6 | -30.3 | 1,202 | 1,420 | -15.4 |
Bankruptcies | 69 | 82 | 95 | -15.9 | -27.4 | 947 | 1,087 | -12.9 |
Proposals | 16 | 25 | 27 | -36.0 | -40.7 | 255 | 333 | -23.4 |
Manitoba | 5 | 7 | 5 | -28.6 | 0.0 | 65 | 53 | 22.6 |
Bankruptcies | 2 | 5 | 4 | -60.0 | -50.0 | 53 | 39 | 35.9 |
Proposals | 3 | 2 | 1 | 50.0 | 200.0 | 12 | 14 | -14.3 |
Saskatchewan | 18 | 5 | 7 | 260.0 | 157.1 | 119 | 131 | -9.2 |
Bankruptcies | 7 | 4 | 6 | 75.0 | 16.7 | 68 | 82 | -17.1 |
Proposals | 11 | 1 | 1 | 1,000.0 | 1,000.0 | 51 | 49 | 4.1 |
Alberta | 10 | 20 | 27 | -50.0 | -63.0 | 193 | 313 | -38.3 |
Bankruptcies | 8 | 15 | 15 | -46.7 | -46.7 | 139 | 232 | -40.1 |
Proposals | 2 | 5 | 12 | -60.0 | -83.3 | 54 | 81 | -33.3 |
British Columbia | 24 | 20 | 25 | 20.0 | -4.0 | 261 | 273 | -4.4 |
Bankruptcies | 19 | 11 | 16 | 72.7 | 18.8 | 194 | 194 | 0.0 |
Proposals | 5 | 9 | 9 | -44.4 | -44.4 | 67 | 79 | -15.2 |
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 | 342 | 377 | 380 | -9.3 | -10.0 | 4,234 | 4,407 | -3.9 |
Bankruptcies | 245 | 282 | 280 | -13.1 | -12.5 | 3,162 | 3,272 | -3.4 |
Proposals | 97 | 95 | 100 | 2.1 | -3.0 | 1,072 | 1,135 | -5.6 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Nov. 2013 | Oct. 2013 | Nov. 2012 | Oct. 2013 to Nov. 2013 | Nov. 2012 to Nov. 2013 | 11-30-2013 | 11-30-2012 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 13 | 10 | 10 | 30.0 | 30.0 | 126 | 113 | 11.5 |
Bankruptcies | 8 | 7 | 6 | 14.3 | 33.3 | 87 | 84 | 3.6 |
Proposals | 5 | 3 | 4 | 66.7 | 25.0 | 39 | 29 | 34.5 |
Mining and Oil and Gas Extraction | 6 | 3 | 4 | 100.0 | 50.0 | 38 | 30 | 26.7 |
Bankruptcies | 0 | 2 | 2 | -100.0 | -100.0 | 18 | 23 | -21.7 |
Proposals | 6 | 1 | 2 | 500.0 | 200.0 | 20 | 7 | 185.7 |
Utilities | 0 | 1 | 1 | -100.0 | -100.0 | 9 | 18 | -50.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 11 | -72.7 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 6 | 7 | -14.3 |
Construction | 57 | 57 | 75 | 0.0 | -24.0 | 735 | 840 | -12.5 |
Bankruptcies | 41 | 43 | 52 | -4.7 | -21.2 | 551 | 615 | -10.4 |
Proposals | 16 | 14 | 23 | 14.3 | -30.4 | 184 | 225 | -18.2 |
Manufacturing | 27 | 42 | 37 | -35.7 | -27.0 | 414 | 455 | -9.0 |
Bankruptcies | 22 | 32 | 30 | -31.3 | -26.7 | 293 | 325 | -9.8 |
Proposals | 5 | 10 | 7 | -50.0 | -28.6 | 121 | 130 | -6.9 |
Wholesale Trade | 20 | 26 | 22 | -23.1 | -9.1 | 230 | 237 | -3.0 |
Bankruptcies | 12 | 19 | 18 | -36.8 | -33.3 | 164 | 175 | -6.3 |
Proposals | 8 | 7 | 4 | 14.3 | 100.0 | 66 | 62 | 6.5 |
Retail Trade | 48 | 45 | 43 | 6.7 | 11.6 | 521 | 585 | -10.9 |
Bankruptcies | 36 | 37 | 35 | -2.7 | 2.9 | 412 | 439 | -6.2 |
Proposals | 12 | 8 | 8 | 50.0 | 50.0 | 109 | 146 | -25.3 |
Transportation and Warehousing | 21 | 14 | 26 | 50.0 | -19.2 | 244 | 259 | -5.8 |
Bankruptcies | 17 | 12 | 24 | 41.7 | -29.2 | 193 | 208 | -7.2 |
Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 51 | 51 | 0.0 |
Information and Cultural Industries | 3 | 1 | 5 | 200.0 | -40.0 | 52 | 58 | -10.3 |
Bankruptcies | 1 | 1 | 5 | 0.0 | -80.0 | 44 | 50 | -12.0 |
Proposals | 2 | 0 | 0 | -- | -- | 8 | 8 | 0.0 |
Finance and Insurance | 5 | 7 | 7 | -28.6 | -28.6 | 80 | 75 | 6.7 |
Bankruptcies | 4 | 4 | 7 | 0.0 | -42.9 | 66 | 64 | 3.1 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 14 | 11 | 27.3 |
Real Estate and Rental and Leasing | 16 | 22 | 8 | -27.3 | 100.0 | 148 | 107 | 38.3 |
Bankruptcies | 12 | 14 | 3 | -14.3 | 300.0 | 114 | 69 | 65.2 |
Proposals | 4 | 8 | 5 | -50.0 | -20.0 | 34 | 38 | -10.5 |
Professional, Scientific and Technical Services | 23 | 29 | 29 | -20.7 | -20.7 | 304 | 275 | 10.5 |
Bankruptcies | 14 | 23 | 21 | -39.1 | -33.3 | 221 | 196 | 12.8 |
Proposals | 9 | 6 | 8 | 50.0 | 12.5 | 83 | 79 | 5.1 |
Management of Companies and Enterprises | 5 | 3 | 5 | 66.7 | 0.0 | 67 | 66 | 1.5 |
Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 47 | 53 | -11.3 |
Proposals | 2 | 1 | 3 | 100.0 | -33.3 | 20 | 13 | 53.8 |
Administrative and Support, Waste Management and Remediation Services | 9 | 16 | 17 | -43.8 | -47.1 | 194 | 207 | -6.3 |
Bankruptcies | 7 | 10 | 11 | -30.0 | -36.4 | 145 | 147 | -1.4 |
Proposals | 2 | 6 | 6 | -66.7 | -66.7 | 49 | 60 | -18.3 |
Educational Services | 1 | 5 | 2 | -80.0 | -50.0 | 36 | 32 | 12.5 |
Bankruptcies | 1 | 4 | 2 | -75.0 | -50.0 | 27 | 27 | 0.0 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 9 | 5 | 80.0 |
Health Care and Social Assistance | 10 | 6 | 2 | 66.7 | 400.0 | 64 | 54 | 18.5 |
Bankruptcies | 9 | 3 | 2 | 200.0 | 350.0 | 50 | 43 | 16.3 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 14 | 11 | 27.3 |
Arts, Entertainment and Recreation | 4 | 4 | 11 | 0.0 | -63.6 | 80 | 78 | 2.6 |
Bankruptcies | 3 | 4 | 8 | -25.0 | -62.5 | 69 | 62 | 11.3 |
Proposals | 1 | 0 | 3 | -- | -66.7 | 11 | 16 | -31.3 |
Accommodation and Food Services | 52 | 55 | 48 | -5.5 | 8.3 | 640 | 645 | -0.8 |
Bankruptcies | 38 | 38 | 34 | 0.0 | 11.8 | 461 | 458 | 0.7 |
Proposals | 14 | 17 | 14 | -17.6 | 0.0 | 179 | 187 | -4.3 |
Other Services (except Public Administration) | 22 | 31 | 28 | -29.0 | -21.4 | 252 | 270 | -6.7 |
Bankruptcies | 17 | 27 | 18 | -37.0 | -5.6 | 197 | 221 | -10.9 |
Proposals | 5 | 4 | 10 | 25.0 | -50.0 | 55 | 49 | 12.2 |
Public Administration | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Total | 342 | 377 | 380 | -9.3 | -10.0 | 4,234 | 4,407 | -3.9 |
Bankruptcies | 245 | 282 | 280 | -13.1 | -12.5 | 3,162 | 3,272 | -3.4 |
Proposals | 97 | 95 | 100 | 2.1 | -3.0 | 1,072 | 1,135 | -5.6 |