Insolvency Statistics in Canada — November 2008
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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 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.
Table 1: Total Bankruptcies
| |
Volume |
% Change |
12-Month Period Ending |
| November 2008
|
October 2008 |
November 2007 |
Oct. 2008 to Nov. 2008 |
Nov. 2007 to Nov. 2008 |
11-30-2008 |
11-30-2007 |
% Change |
| Newfoundland and Labrador |
149 |
213 |
149 |
-30.0 |
0.0 |
2 192 |
2 193 |
0.0 |
| Prince Edward Island |
40 |
51 |
27 |
-21.6 |
48.1 |
426 |
339 |
25.7 |
| Nova Scotia |
325 |
412 |
275 |
-21.1 |
18.2 |
4 026 |
3 708 |
8.6 |
| New Brunswick |
236 |
259 |
208 |
-8.9 |
13.5 |
2 769 |
2 629 |
5.3 |
| Quebec |
2 766 |
2 934 |
2 487 |
-5.7 |
11.2 |
29 772 |
27 187 |
9.5 |
| Ontario |
3 470 |
3 783 |
3 072 |
-8.3 |
13.0 |
37 504 |
34 042 |
10.2 |
| Manitoba |
168 |
199 |
183 |
-15.6 |
-8.2 |
2 076 |
2 181 |
-4.8 |
| Saskatchewan |
124 |
158 |
121 |
-21.5 |
2.5 |
1 572 |
1 721 |
-8.7 |
| Alberta |
640 |
667 |
466 |
-4.0 |
37.3 |
6 198 |
5 242 |
18.2 |
| British Columbia |
745 |
786 |
626 |
-5.2 |
19.0 |
7 541 |
7 077 |
6.6 |
| Northwest Territories |
2 |
2 |
4 |
0.0 |
-50.0 |
23 |
32 |
-28.1 |
| Yukon |
3 |
3 |
2 |
0.0 |
50.0 |
29 |
25 |
16.0 |
| Nunavut |
1 |
1 |
0 |
0.0 |
— |
6 |
5 |
20.0 |
| Canada |
8 669 |
9 468 |
7 620 |
-8.4 |
13.8 |
94 134 |
86 381 |
9.0 |
Table 2: Total Proposals
| |
Volume |
% Change |
12-Month Period Ending |
| November 2008
|
October 2008 |
November 2007 |
Oct. 2008 to Nov. 2008 |
Nov. 2007 to Nov. 2008 |
11-30-2008 |
11-30-2007 |
% Change |
| Newfoundland and Labrador |
3 |
9 |
10 |
-66.7 |
-70.0 |
53 |
98 |
-45.9 |
| Prince Edward Island |
4 |
2 |
4 |
100.0 |
0.0 |
26 |
35 |
-25.7 |
| Nova Scotia |
56 |
54 |
46 |
3.7 |
21.7 |
614 |
549 |
11.8 |
| New Brunswick |
59 |
40 |
42 |
47.5 |
40.5 |
441 |
332 |
32.8 |
| Quebec |
587 |
630 |
522 |
-6.8 |
12.5 |
6 441 |
5 341 |
20.6 |
| Ontario |
1 446 |
1 509 |
1 125 |
-4.2 |
28.5 |
14 246 |
12 408 |
14.8 |
| Manitoba |
42 |
80 |
57 |
-47.5 |
-26.3 |
580 |
558 |
3.9 |
| Saskatchewan |
43 |
41 |
46 |
4.9 |
-6.5 |
464 |
610 |
-23.9 |
| Alberta |
135 |
133 |
102 |
1.5 |
32.4 |
1 374 |
1 286 |
6.8 |
| British Columbia |
150 |
148 |
136 |
1.4 |
10.3 |
1 602 |
1 514 |
5.8 |
| Northwest Territories |
0 |
0 |
0 |
— |
— |
3 |
5 |
-40.0 |
| Yukon |
0 |
0 |
0 |
— |
— |
2 |
2 |
0.0 |
| Nunavut |
0 |
0 |
0 |
— |
— |
2 |
0 |
— |
| Canada |
2 525 |
2 646 |
2 090 |
-4.6 |
20.8 |
25 848 |
22 738 |
13.7 |
Table 3:
Bankruptcies Filed by Consumers
| |
Volume |
% Change |
12-Month Period Ending |
| November 2008
|
October 2008 |
November 2007 |
Oct. 2008 to Nov. 2008 |
Nov. 2007 to Nov. 2008 |
11-30-2008 |
11-30-2007 |
% Change |
| Newfoundland and Labrador |
149 |
210 |
148 |
-29.0 |
0.7 |
2 156 |
2 143 |
0.6 |
| Prince Edward Island |
39 |
51 |
26 |
-23.5 |
50.0 |
413 |
302 |
36.8 |
| Nova Scotia |
316 |
404 |
256 |
-21.8 |
23.4 |
3 860 |
3 499 |
10.3 |
| New Brunswick |
224 |
248 |
194 |
-9.7 |
15.5 |
2 576 |
2 470 |
4.3 |
| Quebec |
2 561 |
2 766 |
2 281 |
-7.4 |
12.3 |
27 626 |
25 159 |
9.8 |
| Ontario |
3 283 |
3 566 |
2 877 |
-7.9 |
14.1 |
35 051 |
31 455 |
11.4 |
| Manitoba |
161 |
197 |
180 |
-18.3 |
-10.6 |
1 976 |
2 074 |
-4.7 |
| Saskatchewan |
114 |
147 |
109 |
-22.4 |
4.6 |
1 427 |
1 502 |
-5.0 |
| Alberta |
595 |
632 |
437 |
-5.9 |
36.2 |
5 754 |
4 783 |
20.3 |
| British Columbia |
715 |
745 |
580 |
-4.0 |
23.3 |
7 090 |
6 608 |
7.3 |
| Northwest Territories |
2 |
2 |
3 |
0.0 |
-33.3 |
21 |
30 |
-30.0 |
| Yukon |
3 |
3 |
2 |
0.0 |
50.0 |
25 |
22 |
13.6 |
| Nunavut |
1 |
1 |
0 |
0.0 |
— |
6 |
3 |
100.0 |
| Canada |
8 163 |
8 972 |
7 093 |
-9.0 |
15.1 |
87 981 |
80 050 |
9.9 |
Table 4: Bankruptcies Filed by Businesses
| |
Volume |
% Change |
12-Month Period Ending |
| November 2008
|
October 2008 |
November 2007 |
Oct. 2008 to Nov. 2008 |
Nov. 2007 to Nov. 2008 |
11-30-2008 |
11-30-2007 |
% Change |
| Newfoundland and Labrador |
0 |
3 |
1 |
-100.0 |
-100.0 |
36 |
50 |
-28.0 |
| Prince Edward Island |
1 |
0 |
1 |
— |
0.0 |
13 |
37 |
-64.9 |
| Nova Scotia |
9 |
8 |
19 |
12.5 |
-52.6 |
166 |
209 |
-20.6 |
| New Brunswick |
12 |
11 |
14 |
9.1 |
-14.3 |
193 |
159 |
21.4 |
| Quebec |
205 |
168 |
206 |
22.0 |
-0.5 |
2 146 |
2 028 |
5.8 |
| Ontario |
187 |
217 |
195 |
-13.8 |
-4.1 |
2 453 |
2 587 |
-5.2 |
| Manitoba |
7 |
2 |
3 |
250.0 |
133.3 |
100 |
107 |
-6.5 |
| Saskatchewan |
10 |
11 |
12 |
-9.1 |
-16.7 |
145 |
219 |
-33.8 |
| Alberta |
45 |
35 |
29 |
28.6 |
55.2 |
444 |
459 |
-3.3 |
| British Columbia |
30 |
41 |
46 |
-26.8 |
-34.8 |
451 |
469 |
-3.8 |
| Northwest Territories |
0 |
0 |
0 |
— |
-100.0 |
2 |
2 |
0.0 |
| Yukon |
0 |
0 |
0 |
— |
— |
4 |
3 |
33.3 |
| Nunavut |
0 |
0 |
0 |
— |
— |
0 |
2 |
-100.0 |
| Canada |
506 |
496 |
527 |
2.0 |
-4.0 |
6 153 |
6 331 |
-2.8 |
Table 5: Proposals Filed by Consumers
| |
Volume |
% Change |
12-Month Period Ending |
| November 2008
|
October 2008 |
November 2007 |
Oct. 2008 to Nov. 2008 |
Nov. 2007 to Nov. 2008 |
11-30-2008 |
11-30-2007 |
% Change |
| Newfoundland and Labrador |
3 |
9 |
10 |
-66.7 |
-70.0 |
52 |
96 |
-45.8 |
| Prince Edward Island |
2 |
2 |
4 |
0.0 |
-50.0 |
21 |
30 |
-30.0 |
| Nova Scotia |
54 |
51 |
45 |
5.9 |
20.0 |
587 |
524 |
12.0 |
| New Brunswick |
50 |
36 |
39 |
38.9 |
28.2 |
396 |
296 |
33.8 |
| Quebec |
551 |
565 |
469 |
-2.5 |
17.5 |
5 872 |
4 842 |
21.3 |
| Ontario |
1 411 |
1 466 |
1 091 |
-3.8 |
29.3 |
13 824 |
11 954 |
15.6 |
| Manitoba |
41 |
78 |
55 |
-47.4 |
-25.5 |
571 |
546 |
4.6 |
| Saskatchewan |
38 |
39 |
43 |
-2.6 |
-11.6 |
407 |
537 |
-24.2 |
| Alberta |
135 |
124 |
94 |
8.9 |
43.6 |
1 299 |
1 176 |
105 |
| British Columbia |
141 |
142 |
124 |
-0.7 |
13.7 |
1 518 |
1 497 |
7.9 |
| Northwest Territories |
0 |
0 |
0 |
— |
— |
3 |
3 |
0.0 |
| Yukon |
0 |
0 |
0 |
— |
— |
2 |
2 |
0.0 |
| Nunavut |
0 |
0 |
0 |
— |
— |
2 |
0 |
— |
| Canada |
2 426 |
2 512 |
1 974 |
-3.4 |
22.9 |
24 554 |
21 413 |
14.7 |
Table 6: Proposals Filed by Businesses
| |
Volume |
% Change |
12-Month Period Ending |
| November 2008
|
October 2008 |
November 2007 |
Oct. 2008 to Nov. 2008 |
Nov. 2007 to Nov. 2008 |
11-30-2008 |
11-30-2007 |
% Change |
| Newfoundland and Labrador |
0 |
0 |
0 |
— |
— |
1 |
2 |
-50.0 |
| Prince Edward Island |
2 |
0 |
0 |
— |
— |
5 |
5 |
0.0 |
| Nova Scotia |
2 |
3 |
1 |
-33.3 |
100.0 |
27 |
25 |
8.0 |
| New Brunswick |
9 |
4 |
3 |
125.0 |
200.0 |
45 |
36 |
25.0 |
| Quebec |
36 |
65 |
53 |
-44.6 |
-32.1 |
569 |
499 |
14.0 |
| Ontario |
35 |
43 |
34 |
-18.6 |
2.9 |
422 |
454 |
-7.0 |
| Manitoba |
1 |
2 |
2 |
-50.0 |
-50.0 |
9 |
12 |
-25.0 |
| Saskatchewan |
5 |
2 |
3 |
150.0 |
66.7 |
57 |
73 |
-21.9 |
| Alberta |
0 |
9 |
8 |
-100.0 |
-100.0 |
75 |
110 |
-31.8 |
| British Columbia |
9 |
6 |
12 |
50.0 |
-25.0 |
84 |
107 |
-21.5 |
| Northwest Territories |
0 |
0 |
0 |
— |
— |
0 |
2 |
-100.0 |
| Yukon |
0 |
0 |
0 |
— |
— |
0 |
0 |
— |
| Nunavut |
0 |
0 |
0 |
— |
— |
0 |
0 |
— |
| Canada |
99 |
134 |
116 |
-26.1 |
-14.7 |
1 294 |
1 325 |
-2.3 |
Table 7: Bankruptcies by
NAICS
Economic Sectors, Canada
| |
Volume |
% Change |
12-Month Period Ending |
| November 2008
|
October 2008 |
November 2007 |
Oct. 2008 to Nov. 2008 |
Nov. 2007 to Nov. 2008 |
11-30-2008 |
11-30-2007 |
% Change |
| Agriculture, Forestry, Fishing and Hunting |
16 |
14 |
30 |
14.3 |
-46.7 |
263 |
317 |
-17.0 |
| Mining and Oil and Gas Extraction |
3 |
2 |
3 |
50.0 |
0.0 |
33 |
27 |
22.2 |
| Utilities |
2 |
0 |
0 |
— |
— |
6 |
7 |
-14.3 |
| Construction |
84 |
97 |
88 |
-13.4 |
-4.5 |
1 082 |
1 078 |
0.4 |
| Manufacturing |
57 |
59 |
51 |
-3.4 |
11.8 |
620 |
579 |
7.1 |
| Wholesale Trade |
26 |
18 |
24 |
44.4 |
8.3 |
282 |
333 |
-15.3 |
| Retail Trade |
71 |
68 |
77 |
4.4 |
-7.8 |
862 |
886 |
-2.7 |
| Transportation and Warehousing |
52 |
43 |
53 |
20.9 |
-1.9 |
666 |
590 |
12.9 |
| Information and Cultural Industries |
9 |
6 |
6 |
50.0 |
50.0 |
96 |
104 |
-7.7 |
| Finance and Insurance |
12 |
6 |
11 |
100.0 |
9.1 |
98 |
89 |
10.1 |
| Real Estate and Rental and Leasing |
10 |
13 |
10 |
-23.1 |
0.0 |
133 |
161 |
-17.4 |
| Professional, Scientific and Technical Services |
32 |
34 |
32 |
-5.9 |
0.0 |
350 |
408 |
-14.2 |
| Management of Companies and Enterprises |
6 |
3 |
2 |
100.0 |
200.0 |
28 |
36 |
-22.2 |
| Administrative and Support, Waste Management and Remediation Services |
30 |
21 |
27 |
42.9 |
11.1 |
259 |
290 |
-10.7 |
| Educational Services |
4 |
2 |
4 |
100.0 |
0.0 |
38 |
41 |
-7.3 |
| Health Care and Social Assistance |
0 |
4 |
4 |
-100.0 |
-100.0 |
74 |
66 |
12.1 |
| Arts, Entertainment and Recreation |
13 |
8 |
15 |
62.5 |
-13.3 |
122 |
148 |
-17.6 |
| Accommodation and Food Services |
49 |
63 |
49 |
-22.2 |
0.0 |
740 |
716 |
3.4 |
| Other Services (except Public Administration) |
30 |
35 |
41 |
-14.3 |
-26.8 |
392 |
447 |
-12.3 |
| Public
Administration |
0 |
0 |
0 |
— |
— |
9 |
8 |
12.5 |
| Total |
506 |
496 |
527 |
2.0 |
-4.0 |
6 153 |
6 331 |
-2.8 |
Table 8: Proposals by
NAICS
Economic Sectors, Canada
| |
Volume |
% Change |
12-Month Period Ending |
| November 2008
|
October 2008 |
November 2007 |
Oct. 2008 to Nov. 2008 |
Nov. 2007 to Nov. 2008 |
11-30-2008 |
11-30-2007 |
% Change |
| Agriculture, Forestry, Fishing and Hunting |
6 |
4 |
4 |
50.0 |
50.0 |
65 |
60 |
8.3 |
| Mining and Oil and Gas Extraction |
0 |
1 |
2 |
-100.0 |
-100.0 |
17 |
13 |
30.8 |
| Utilities |
1 |
0 |
0 |
— |
— |
2 |
1 |
100.0 |
| Construction |
14 |
18 |
19 |
-22.2 |
-26.3 |
176 |
198 |
-11.1 |
| Manufacturing |
7 |
18 |
12 |
-61.1 |
-41.7 |
165 |
173 |
-4.6 |
| Wholesale Trade |
9 |
9 |
7 |
0.0 |
28.6 |
86 |
77 |
11.7 |
| Retail Trade |
12 |
14 |
14 |
-14.3 |
-14.3 |
157 |
185 |
-15.1 |
| Transportation and Warehousing |
9 |
17 |
11 |
-47.1 |
-18.2 |
128 |
114 |
12.3 |
| Information and Cultural Industries |
6 |
2 |
1 |
200.0 |
500.0 |
34 |
27 |
25.9 |
| Finance and Insurance |
4 |
2 |
3 |
100.0 |
33.3 |
17 |
17 |
0.0 |
| Real Estate and Rental and Leasing |
1 |
1 |
3 |
0.0 |
-66.7 |
33 |
25 |
32.0 |
| Professional, Scientific and Technical Services |
6 |
13 |
1 |
-53.8 |
500.0 |
104 |
85 |
22.4 |
| Management of Companies and Enterprises |
1 |
1 |
0 |
0.0 |
— |
13 |
15 |
-13.3 |
| Administrative and Support, Waste Management and Remediation Services |
2 |
4 |
4 |
-50.0 |
-50.0 |
47 |
61 |
-23.0 |
| Educational Services |
1 |
3 |
1 |
-66.7 |
0.0 |
10 |
12 |
-16.7 |
| Health Care and Social Assistance |
5 |
2 |
3 |
150.0 |
66.7 |
20 |
24 |
-16.7 |
| Arts, Entertainment and Recreation |
2 |
1 |
5 |
100.0 |
-60.0 |
24 |
29 |
-17.2 |
| Accommodation and Food Services |
6 |
18 |
13 |
-66.7 |
-53.8 |
128 |
134 |
-4.5 |
| Other Services (except Public Administration) |
7 |
6 |
13 |
16.7 |
-46.2 |
68 |
75 |
-9.3 |
| Public Administration |
0 |
0 |
0 |
— |
— |
0 |
0 |
— |
| Total |
99 |
134 |
116 |
-26.1 |
-14.7 |
1 294 |
1 325 |
-2.3 |
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