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Insolvency Statistics in Canada—December 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 | ||||||
|---|---|---|---|---|---|---|---|---|
| Dec. 2013 | Nov. 2013 | Dec. 2012 | Nov. 2013 to Dec. 2013 | Dec. 2012 to Dec. 2013 | 12-31-2013 | 12-31-2012 | % Change | |
| Newfoundland and Labrador | 88 | 147 | 97 | -40.1 | -9.3 | 1,710 | 1,769 | -3.3 |
| Bankruptcies | 78 | 128 | 92 | -39.1 | -15.2 | 1,545 | 1,626 | -5.0 |
| Proposals | 10 | 19 | 5 | -47.4 | 100.0 | 165 | 143 | 15.4 |
| Prince Edward Island | 56 | 63 | 44 | -11.1 | 27.3 | 640 | 635 | 0.8 |
| Bankruptcies | 34 | 45 | 38 | -24.4 | -10.5 | 458 | 485 | -5.6 |
| Proposals | 22 | 18 | 6 | 22.2 | 266.7 | 182 | 150 | 21.3 |
| Nova Scotia | 319 | 362 | 252 | -11.9 | 26.6 | 4,771 | 4,388 | 8.7 |
| Bankruptcies | 239 | 265 | 182 | -9.8 | 31.3 | 3,379 | 3,307 | 2.2 |
| Proposals | 80 | 97 | 70 | -17.5 | 14.3 | 1,392 | 1,081 | 28.8 |
| New Brunswick | 265 | 363 | 242 | -27.0 | 9.5 | 4,037 | 3,913 | 3.2 |
| Bankruptcies | 190 | 254 | 189 | -25.2 | 0.5 | 2,910 | 2,959 | -1.7 |
| Proposals | 75 | 109 | 53 | -31.2 | 41.5 | 1,127 | 954 | 18.1 |
| Quebec | 2,888 | 3,532 | 2,364 | -18.2 | 22.2 | 42,127 | 37,944 | 11.0 |
| Bankruptcies | 1,760 | 2,154 | 1,583 | -18.3 | 11.2 | 26,812 | 25,887 | 3.6 |
| Proposals | 1,128 | 1,378 | 781 | -18.1 | 44.4 | 15,315 | 12,057 | 27.0 |
| Ontario | 3,160 | 3,725 | 3,315 | -15.2 | -4.7 | 45,354 | 48,742 | -7.0 |
| Bankruptcies | 1,651 | 1,887 | 1,713 | -12.5 | -3.6 | 22,731 | 24,278 | -6.4 |
| Proposals | 1,509 | 1,838 | 1,602 | -17.9 | -5.8 | 22,623 | 24,464 | -7.5 |
| Manitoba | 177 | 170 | 128 | 4.1 | 38.3 | 1,919 | 1,926 | -0.4 |
| Bankruptcies | 124 | 113 | 91 | 9.7 | 36.3 | 1,269 | 1,312 | -3.3 |
| Proposals | 53 | 57 | 37 | -7.0 | 43.2 | 650 | 614 | 5.9 |
| Saskatchewan | 125 | 158 | 119 | -20.9 | 5.0 | 1,805 | 1,860 | -3.0 |
| Bankruptcies | 77 | 90 | 69 | -14.4 | 11.6 | 1,106 | 1,080 | 2.4 |
| Proposals | 48 | 68 | 50 | -29.4 | -4.0 | 699 | 780 | -10.4 |
| Alberta | 556 | 629 | 615 | -11.6 | -9.6 | 8,452 | 9,514 | -11.2 |
| Bankruptcies | 298 | 331 | 362 | -10.0 | -17.7 | 4,826 | 5,989 | -19.4 |
| Proposals | 258 | 298 | 253 | -13.4 | 2.0 | 3,626 | 3,525 | 2.9 |
| British Columbia | 816 | 1,010 | 813 | -19.2 | 0.4 | 12,057 | 11,964 | 0.8 |
| Bankruptcies | 525 | 587 | 531 | -10.6 | -1.1 | 7,319 | 7,754 | -5.6 |
| Proposals | 291 | 423 | 282 | -31.2 | 3.2 | 4,738 | 4,210 | 12.5 |
| Northwest Territories | 5 | 5 | 5 | 0.0 | 0.0 | 51 | 54 | -5.6 |
| Bankruptcies | 4 | 3 | 3 | 33.3 | 33.3 | 31 | 29 | 6.9 |
| Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 20 | 25 | -20.0 |
| Yukon | 3 | 6 | 1 | -50.0 | 200.0 | 31 | 38 | -18.4 |
| Bankruptcies | 2 | 5 | 1 | -60.0 | 100.0 | 22 | 24 | -8.3 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 9 | 14 | -35.7 |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 5 | 4 | 25.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 3 | 1 | 200.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Canada | 8,458 | 10,171 | 7,995 | -16.8 | 5.8 | 122,959 | 122,751 | 0.2 |
| Bankruptcies | 4,982 | 5,863 | 4,854 | -15.0 | 2.6 | 72,411 | 74,731 | -3.1 |
| Proposals | 3,476 | 4,308 | 3,141 | -19.3 | 10.7 | 50,548 | 48,020 | 5.3 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| Dec. 2013 | Nov. 2013 | Dec. 2012 | Nov. 2013 to Dec. 2013 | Dec. 2012 to Dec. 2013 | 12-31-2013 | 12-31-2012 | % Change | |
| Newfoundland and Labrador | 85 | 146 | 97 | -41.8 | -12.4 | 1,678 | 1,750 | -4.1 |
| Bankruptcies | 75 | 127 | 92 | -40.9 | -18.5 | 1,524 | 1,611 | -5.4 |
| Proposals | 10 | 19 | 5 | -47.4 | 100.0 | 154 | 139 | 10.8 |
| Prince Edward Island | 53 | 62 | 43 | -14.5 | 23.3 | 617 | 618 | -0.2 |
| Bankruptcies | 32 | 44 | 37 | -27.3 | -13.5 | 440 | 472 | -6.8 |
| Proposals | 21 | 18 | 6 | 16.7 | 250.0 | 177 | 146 | 21.2 |
| Nova Scotia | 314 | 351 | 247 | -10.5 | 27.1 | 4,660 | 4,282 | 8.8 |
| Bankruptcies | 234 | 259 | 177 | -9.7 | 32.2 | 3,295 | 3,221 | 2.3 |
| Proposals | 80 | 92 | 70 | -13.0 | 14.3 | 1,365 | 1,061 | 28.7 |
| New Brunswick | 257 | 348 | 238 | -26.1 | 8.0 | 3,955 | 3,843 | 2.9 |
| Bankruptcies | 182 | 242 | 185 | -24.8 | -1.6 | 2,846 | 2,906 | -2.1 |
| Proposals | 75 | 106 | 53 | -29.2 | 41.5 | 1,109 | 937 | 18.4 |
| Quebec | 2,695 | 3,360 | 2,198 | -19.8 | 22.6 | 39,947 | 35,925 | 11.2 |
| Bankruptcies | 1,617 | 2,034 | 1,451 | -20.5 | 11.4 | 25,221 | 24,399 | 3.4 |
| Proposals | 1,078 | 1,326 | 747 | -18.7 | 44.3 | 14,726 | 11,526 | 27.8 |
| Ontario | 3,050 | 3,640 | 3,223 | -16.2 | -5.4 | 44,134 | 47,381 | -6.9 |
| Bankruptcies | 1,565 | 1,818 | 1,638 | -13.9 | -4.5 | 21,773 | 23,236 | -6.3 |
| Proposals | 1,485 | 1,822 | 1,585 | -18.5 | -6.3 | 22,361 | 24,145 | -7.4 |
| Manitoba | 171 | 165 | 124 | 3.6 | 37.9 | 1,852 | 1,877 | -1.3 |
| Bankruptcies | 118 | 111 | 87 | 6.3 | 35.6 | 1,214 | 1,276 | -4.9 |
| Proposals | 53 | 54 | 37 | -1.9 | 43.2 | 638 | 601 | 6.2 |
| Saskatchewan | 125 | 140 | 115 | -10.7 | 8.7 | 1,690 | 1,731 | -2.4 |
| Bankruptcies | 77 | 83 | 69 | -7.2 | 11.6 | 1,038 | 1,001 | 3.7 |
| Proposals | 48 | 57 | 46 | -15.8 | 4.3 | 652 | 730 | -10.7 |
| Alberta | 531 | 619 | 591 | -14.2 | -10.2 | 8,258 | 9,202 | -10.3 |
| Bankruptcies | 284 | 323 | 346 | -12.1 | -17.9 | 4,689 | 5,759 | -18.6 |
| Proposals | 247 | 296 | 245 | -16.6 | 0.8 | 3,569 | 3,443 | 3.7 |
| British Columbia | 801 | 986 | 792 | -18.8 | 1.1 | 11,802 | 11,696 | 0.9 |
| Bankruptcies | 512 | 568 | 513 | -9.9 | -0.2 | 7,130 | 7,562 | -5.7 |
| Proposals | 289 | 418 | 279 | -30.9 | 3.6 | 4,672 | 4,134 | 13.0 |
| Northwest Territories | 5 | 5 | 5 | 0.0 | 0.0 | 51 | 53 | -3.8 |
| Bankruptcies | 4 | 3 | 3 | 33.3 | 33.3 | 31 | 29 | 6.9 |
| Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 20 | 24 | -16.7 |
| Yukon | 3 | 6 | 1 | -50.0 | 200.0 | 29 | 37 | -21.6 |
| Bankruptcies | 2 | 5 | 1 | -60.0 | 100.0 | 20 | 23 | -13.0 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 9 | 14 | -35.7 |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 5 | 3 | 66.7 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 3 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Canada | 8,090 | 9,829 | 7,674 | -17.7 | 5.4 | 118,678 | 118,398 | 0.2 |
| Bankruptcies | 4,702 | 5,618 | 4,599 | -16.3 | 2.2 | 69,224 | 71,495 | -3.2 |
| Proposals | 3,388 | 4,211 | 3,075 | -19.5 | 10.2 | 49,454 | 46,903 | 5.4 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| Dec. 2013 | Nov. 2013 | Dec. 2012 | Nov. 2013 to Dec. 2013 | Dec. 2012 to Dec. 2013 | 12-31-2013 | 12-31-2012 | % Change | |
| Newfoundland and Labrador | 3 | 1 | 0 | 200.0 | -- | 32 | 19 | 68.4 |
| Bankruptcies | 3 | 1 | 0 | 200.0 | -- | 21 | 15 | 40.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 11 | 4 | 175.0 |
| Prince Edward Island | 3 | 1 | 1 | 200.0 | 200.0 | 23 | 17 | 35.3 |
| Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 18 | 13 | 38.5 |
| Proposals | 1 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
| Nova Scotia | 5 | 11 | 5 | -54.5 | 0.0 | 111 | 106 | 4.7 |
| Bankruptcies | 5 | 6 | 5 | -16.7 | 0.0 | 84 | 86 | -2.3 |
| Proposals | 0 | 5 | 0 | -100.0 | -- | 27 | 20 | 35.0 |
| New Brunswick | 8 | 15 | 4 | -46.7 | 100.0 | 82 | 70 | 17.1 |
| Bankruptcies | 8 | 12 | 4 | -33.3 | 100.0 | 64 | 53 | 20.8 |
| Proposals | 0 | 3 | 0 | -100.0 | -- | 18 | 17 | 5.9 |
| Quebec | 193 | 172 | 166 | 12.2 | 16.3 | 2,180 | 2,019 | 8.0 |
| Bankruptcies | 143 | 120 | 132 | 19.2 | 8.3 | 1,591 | 1,488 | 6.9 |
| Proposals | 50 | 52 | 34 | -3.8 | 47.1 | 589 | 531 | 10.9 |
| Ontario | 110 | 85 | 92 | 29.4 | 19.6 | 1,220 | 1,361 | -10.4 |
| Bankruptcies | 86 | 69 | 75 | 24.6 | 14.7 | 958 | 1,042 | -8.1 |
| Proposals | 24 | 16 | 17 | 50.0 | 41.2 | 262 | 319 | -17.9 |
| Manitoba | 6 | 5 | 4 | 20.0 | 50.0 | 67 | 49 | 36.7 |
| Bankruptcies | 6 | 2 | 4 | 200.0 | 50.0 | 55 | 36 | 52.8 |
| Proposals | 0 | 3 | 0 | -100.0 | -- | 12 | 13 | -7.7 |
| Saskatchewan | 0 | 18 | 4 | -100.0 | -100.0 | 115 | 129 | -10.9 |
| Bankruptcies | 0 | 7 | 0 | -100.0 | -- | 68 | 79 | -13.9 |
| Proposals | 0 | 11 | 4 | -100.0 | -100.0 | 47 | 50 | -6.0 |
| Alberta | 25 | 10 | 24 | 150.0 | 4.2 | 194 | 312 | -37.8 |
| Bankruptcies | 14 | 8 | 16 | 75.0 | -12.5 | 137 | 230 | -40.4 |
| Proposals | 11 | 2 | 8 | 450.0 | 37.5 | 57 | 82 | -30.5 |
| British Columbia | 15 | 24 | 21 | -37.5 | -28.6 | 255 | 268 | -4.9 |
| Bankruptcies | 13 | 19 | 18 | -31.6 | -27.8 | 189 | 192 | -1.6 |
| Proposals | 2 | 5 | 3 | -60.0 | -33.3 | 66 | 76 | -13.2 |
| 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 | 368 | 342 | 321 | 7.6 | 14.6 | 4,281 | 4,353 | -1.7 |
| Bankruptcies | 280 | 245 | 255 | 14.3 | 9.8 | 3,187 | 3,236 | -1.5 |
| Proposals | 88 | 97 | 66 | -9.3 | 33.3 | 1,094 | 1,117 | -2.1 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| Dec. 2013 | Nov. 2013 | Dec. 2012 | Nov. 2013 to Dec. 2013 | Dec. 2012 to Dec. 2013 | 12-31-2013 | 12-31-2012 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 13 | 13 | 6 | 0.0 | 116.7 | 133 | 115 | 15.7 |
| Bankruptcies | 11 | 8 | 5 | 37.5 | 120.0 | 93 | 86 | 8.1 |
| Proposals | 2 | 5 | 1 | -60.0 | 100.0 | 40 | 29 | 37.9 |
| Mining and Oil and Gas Extraction | 2 | 6 | 7 | -66.7 | -71.4 | 33 | 36 | -8.3 |
| Bankruptcies | 2 | 0 | 5 | -- | -60.0 | 15 | 27 | -44.4 |
| Proposals | 0 | 6 | 2 | -100.0 | -100.0 | 18 | 9 | 100.0 |
| Utilities | 3 | 0 | 2 | -- | 50.0 | 10 | 20 | -50.0 |
| Bankruptcies | 2 | 0 | 0 | -- | -- | 5 | 11 | -54.5 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 5 | 9 | -44.4 |
| Construction | 62 | 57 | 49 | 8.8 | 26.5 | 748 | 833 | -10.2 |
| Bankruptcies | 51 | 41 | 38 | 24.4 | 34.2 | 564 | 607 | -7.1 |
| Proposals | 11 | 16 | 11 | -31.3 | 0.0 | 184 | 226 | -18.6 |
| Manufacturing | 39 | 27 | 30 | 44.4 | 30.0 | 423 | 435 | -2.8 |
| Bankruptcies | 25 | 22 | 23 | 13.6 | 8.7 | 295 | 308 | -4.2 |
| Proposals | 14 | 5 | 7 | 180.0 | 100.0 | 128 | 127 | 0.8 |
| Wholesale Trade | 23 | 20 | 22 | 15.0 | 4.5 | 231 | 240 | -3.8 |
| Bankruptcies | 12 | 12 | 15 | 0.0 | -20.0 | 161 | 176 | -8.5 |
| Proposals | 11 | 8 | 7 | 37.5 | 57.1 | 70 | 64 | 9.4 |
| Retail Trade | 46 | 48 | 39 | -4.2 | 17.9 | 528 | 571 | -7.5 |
| Bankruptcies | 41 | 36 | 32 | 13.9 | 28.1 | 421 | 435 | -3.2 |
| Proposals | 5 | 12 | 7 | -58.3 | -28.6 | 107 | 136 | -21.3 |
| Transportation and Warehousing | 16 | 21 | 23 | -23.8 | -30.4 | 237 | 259 | -8.5 |
| Bankruptcies | 15 | 17 | 21 | -11.8 | -28.6 | 187 | 213 | -12.2 |
| Proposals | 1 | 4 | 2 | -75.0 | -50.0 | 50 | 46 | 8.7 |
| Information and Cultural Industries | 9 | 3 | 9 | 200.0 | 0.0 | 52 | 62 | -16.1 |
| Bankruptcies | 6 | 1 | 8 | 500.0 | -25.0 | 42 | 53 | -20.8 |
| Proposals | 3 | 2 | 1 | 50.0 | 200.0 | 10 | 9 | 11.1 |
| Finance and Insurance | 5 | 5 | 7 | 0.0 | -28.6 | 78 | 72 | 8.3 |
| Bankruptcies | 2 | 4 | 5 | -50.0 | -60.0 | 63 | 59 | 6.8 |
| Proposals | 3 | 1 | 2 | 200.0 | 50.0 | 15 | 13 | 15.4 |
| Real Estate and Rental and Leasing | 12 | 16 | 16 | -25.0 | -25.0 | 144 | 114 | 26.3 |
| Bankruptcies | 9 | 12 | 14 | -25.0 | -35.7 | 109 | 77 | 41.6 |
| Proposals | 3 | 4 | 2 | -25.0 | 50.0 | 35 | 37 | -5.4 |
| Professional, Scientific and Technical Services | 22 | 23 | 22 | -4.3 | 0.0 | 304 | 273 | 11.4 |
| Bankruptcies | 17 | 14 | 19 | 21.4 | -10.5 | 219 | 197 | 11.2 |
| Proposals | 5 | 9 | 3 | -44.4 | 66.7 | 85 | 76 | 11.8 |
| Management of Companies and Enterprises | 6 | 5 | 4 | 20.0 | 50.0 | 69 | 65 | 6.2 |
| Bankruptcies | 2 | 3 | 3 | -33.3 | -33.3 | 46 | 51 | -9.8 |
| Proposals | 4 | 2 | 1 | 100.0 | 300.0 | 23 | 14 | 64.3 |
| Administrative and Support, Waste Management and Remediation Services | 20 | 9 | 15 | 122.2 | 33.3 | 199 | 202 | -1.5 |
| Bankruptcies | 15 | 7 | 12 | 114.3 | 25.0 | 148 | 146 | 1.4 |
| Proposals | 5 | 2 | 3 | 150.0 | 66.7 | 51 | 56 | -8.9 |
| Educational Services | 1 | 1 | 2 | 0.0 | -50.0 | 35 | 31 | 12.9 |
| Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 26 | 26 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 9 | 5 | 80.0 |
| Health Care and Social Assistance | 7 | 10 | 4 | -30.0 | 75.0 | 67 | 53 | 26.4 |
| Bankruptcies | 4 | 9 | 3 | -55.6 | 33.3 | 51 | 44 | 15.9 |
| Proposals | 3 | 1 | 1 | 200.0 | 200.0 | 16 | 9 | 77.8 |
| Arts, Entertainment and Recreation | 7 | 4 | 6 | 75.0 | 16.7 | 81 | 77 | 5.2 |
| Bankruptcies | 5 | 3 | 6 | 66.7 | -16.7 | 68 | 62 | 9.7 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 13 | 15 | -13.3 |
| Accommodation and Food Services | 57 | 52 | 37 | 9.6 | 54.1 | 660 | 624 | 5.8 |
| Bankruptcies | 46 | 38 | 27 | 21.1 | 70.4 | 480 | 440 | 9.1 |
| Proposals | 11 | 14 | 10 | -21.4 | 10.0 | 180 | 184 | -2.2 |
| Other Services (except Public Administration) | 18 | 22 | 21 | -18.2 | -14.3 | 249 | 268 | -7.1 |
| Bankruptcies | 14 | 17 | 17 | -17.6 | -17.6 | 194 | 216 | -10.2 |
| Proposals | 4 | 5 | 4 | -20.0 | 0.0 | 55 | 52 | 5.8 |
| 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 | 368 | 342 | 321 | 7.6 | 14.6 | 4,281 | 4,353 | -1.7 |
| Bankruptcies | 280 | 245 | 255 | 14.3 | 9.8 | 3,187 | 3,236 | -1.5 |
| Proposals | 88 | 97 | 66 | -9.3 | 33.3 | 1,094 | 1,117 | -2.1 |