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Insolvency Statistics in Canada – March 2009
Printable Version: Insolvency Statistics in Canada — March 2009 (PDF Format, 123 KB, 5 pages)
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
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.
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| March 2009 | February 2009 | March 2008 | Feb. 2009 to Mar. 2009 | Mar. 2008 to Mar. 2009 | 03-31-2009 | 03-31-2008 | % Change | |
| Newfoundland and Labrador | 278 | 237 | 145 | 17.3 | 91.7 | 2 372 | 2 171 | 9.3 |
| Bankruptcies | 258 | 223 | 137 | 15.7 | 88.3 | 2 297 | 2 095 | 9.6 |
| Proposals | 20 | 14 | 8 | 42.9 | 150.0 | 75 | 76 | -1.3 |
| Prince Edward Island | 38 | 47 | 38 | -19.1 | 0.0 | 482 | 388 | 24.2 |
| Bankruptcies | 38 | 46 | 35 | -17.4 | 8.6 | 459 | 349 | 31.5 |
| Proposals | 0 | 1 | 3 | -100.0 | -100.0 | 23 | 39 | -41.0 |
| Nova Scotia | 464 | 409 | 397 | 13.4 | 16.9 | 4 849 | 4 273 | 13.5 |
| Bankruptcies | 399 | 323 | 342 | 23.5 | 16.7 | 4 204 | 3 687 | 14.0 |
| Proposals | 65 | 86 | 55 | -24.4 | 18.2 | 645 | 586 | 10.1 |
| New Brunswick | 330 | 257 | 252 | 28.4 | 31.0 | 3 421 | 2 950 | 16.0 |
| Bankruptcies | 280 | 211 | 219 | 32.7 | 27.9 | 2 921 | 2 593 | 12.6 |
| Proposals | 50 | 46 | 33 | 8.7 | 51.5 | 500 | 357 | 40.1 |
| Quebec | 4 025 | 3 785 | 2 829 | 6.3 | 42.3 | 39 133 | 33 174 | 18.0 |
| Bankruptcies | 3 286 | 3 075 | 2 297 | 6.9 | 43.1 | 32 155 | 27 609 | 16.5 |
| Proposals | 739 | 710 | 532 | 4.1 | 38.9 | 6 978 | 5 565 | 25.4 |
| Ontario | 6 300 | 5 088 | 4 024 | 23.8 | 56.6 | 57 505 | 46 818 | 22.8 |
| Bankruptcies | 4 448 | 3 572 | 2 873 | 24.5 | 54.8 | 41 390 | 34 297 | 20.7 |
| Proposals | 1 852 | 1 516 | 1 151 | 22.2 | 60.9 | 16 115 | 12 521 | 28.7 |
| Manitoba | 295 | 233 | 208 | 26.6 | 41.8 | 2 840 | 2 621 | 8.4 |
| Bankruptcies | 236 | 187 | 169 | 26.2 | 39.6 | 2 221 | 2 107 | 5.4 |
| Proposals | 59 | 46 | 39 | 28.3 | 51.3 | 619 | 514 | 20.4 |
| Saskatchewan | 208 | 224 | 188 | -7.1 | 10.6 | 2 128 | 2 143 | -0.7 |
| Bankruptcies | 159 | 167 | 139 | -4.8 | 14.4 | 1 640 | 1 597 | 2.7 |
| Proposals | 49 | 57 | 49 | -14.0 | 0.0 | 488 | 546 | -10.6 |
| Alberta | 1 125 | 893 | 640 | 26.0 | 75.8 | 9 020 | 6 568 | 37.3 |
| Bankruptcies | 982 | 750 | 514 | 30.9 | 91.1 | 7 552 | 5 280 | 43.0 |
| Proposals | 143 | 143 | 126 | 0.0 | 13.5 | 1 468 | 1 288 | 14.0 |
| British Columbia | 1 176 | 1 140 | 689 | 3.2 | 70.7 | 10 580 | 8 446 | 25.3 |
| Bankruptcies | 995 | 937 | 570 | 6.2 | 74.6 | 8 717 | 6 961 | 25.2 |
| Proposals | 181 | 203 | 119 | -10.8 | 52.1 | 1 863 | 1 485 | 25.5 |
| Northwest Territories | 1 | 7 | 1 | -85.7 | 0.0 | 33 | 36 | -8.3 |
| Bankruptcies | 1 | 4 | 1 | -75.0 | 0.0 | 28 | 32 | -12.5 |
| Proposals | 0 | 3 | 0 | -100.0 | -- | 5 | 4 | 25.0 |
| Yukon | 3 | 0 | 5 | -- | -40.0 | 34 | 30 | 13.3 |
| Bankruptcies | 2 | 0 | 5 | -- | -60.0 | 29 | 28 | 3.6 |
| Proposals | 1 | 0 | 0 | -- | -- | 5 | 2 | 150.0 |
| Nunavut | 1 | 0 | 1 | -- | 0.0 | 8 | 4 | 100.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 8 | 2 | 300.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 0 | 2 | -100.0 |
| Canada | 14 244 | 12 320 | 9 417 | 15.6 | 51.3 | 132 405 | 109 622 | 20.8 |
| Bankruptcies | 11 085 | 9 495 | 7 301 | 16.7 | 51.8 | 103 621 | 86 637 | 19.6 |
| Proposals | 3 159 | 2 825 | 2 116 | 11.8 | 49.3 | 28 784 | 22 985 | 25.2 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| March 2009 | February 2009 | March 2008 | Feb. 2009 to Mar. 2009 | Mar. 2008 to Mar. 2009 | 03-31-2009 | 03-31-2008 | % Change | |
| Newfoundland and Labrador | 275 | 235 | 143 | 17.0 | 92.3 | 2 342 | 2 118 | 10.6 |
| Bankruptcies | 255 | 221 | 135 | 15.4 | 88.9 | 2 268 | 2 043 | 11.0 |
| Proposals | 20 | 14 | 8 | 42.9 | 150.0 | 74 | 75 | -1.3 |
| Prince Edward Island | 37 | 45 | 38 | -17.8 | -2.6 | 463 | 357 | 29.7 |
| Bankruptcies | 37 | 44 | 35 | -15.9 | 5.7 | 444 | 325 | 36.6 |
| Proposals | 0 | 1 | 3 | -100.0 | -100.0 | 19 | 32 | -40.6 |
| Nova Scotia | 450 | 398 | 377 | 13.1 | 19.4 | 4 671 | 4 063 | 15.0 |
| Bankruptcies | 385 | 312 | 323 | 23.4 | 19.2 | 4 058 | 3 497 | 16.0 |
| Proposals | 65 | 86 | 54 | -24.4 | 20.4 | 613 | 566 | 8.3 |
| New Brunswick | 320 | 250 | 239 | 28.0 | 33.9 | 3 205 | 2 755 | 16.3 |
| Bankruptcies | 271 | 207 | 211 | 30.9 | 28.4 | 2 747 | 2 431 | 13.0 |
| Proposals | 49 | 43 | 28 | 14.0 | 75.0 | 458 | 324 | 41.4 |
| Quebec | 3 786 | 3 535 | 2 574 | 7.1 | 47.1 | 36 367 | 30 600 | 18.8 |
| Bankruptcies | 3 107 | 2 895 | 2 095 | 7.3 | 48.3 | 30 004 | 25 555 | 17.4 |
| Proposals | 679 | 640 | 479 | 6.1 | 41.8 | 6 363 | 5 045 | 26.1 |
| Ontario | 6 058 | 4 885 | 3 734 | 24.0 | 62.2 | 54 828 | 43 792 | 25.2 |
| Bankruptcies | 4 233 | 3 404 | 2 641 | 24.4 | 60.3 | 39 099 | 31 738 | 23.2 |
| Proposals | 1 825 | 1 481 | 1 093 | 23.2 | 67.0 | 15 729 | 12 054 | 30.5 |
| Manitoba | 288 | 228 | 193 | 26.3 | 49.2 | 2 746 | 2 518 | 9.1 |
| Bankruptcies | 232 | 185 | 154 | 25.4 | 50.6 | 2 142 | 2 012 | 6.5 |
| Proposals | 56 | 43 | 39 | 30.2 | 43.6 | 604 | 506 | 19.4 |
| Saskatchewan | 187 | 202 | 162 | -7.4 | 15.4 | 1 942 | 1 891 | 2.7 |
| Bankruptcies | 143 | 153 | 125 | -6.5 | 14.4 | 1 497 | 1 414 | 5.9 |
| Proposals | 44 | 49 | 37 | -10.2 | 18.9 | 445 | 477 | -6.7 |
| Alberta | 1 090 | 841 | 589 | 29.6 | 85.1 | 8 504 | 6 055 | 40.4 |
| Bankruptcies | 951 | 706 | 476 | 34.7 | 99.8 | 7 101 | 4 860 | 46.1 |
| Proposals | 139 | 135 | 113 | 3.0 | 23.0 | 1 403 | 1 195 | 17.4 |
| British Columbia | 1 133 | 1 080 | 649 | 4.9 | 74.6 | 10 044 | 7 879 | 27.5 |
| Bankruptcies | 960 | 889 | 538 | 8.0 | 78.4 | 8 262 | 6 502 | 27.1 |
| Proposals | 173 | 191 | 111 | -9.4 | 55.9 | 1 782 | 1 377 | 29.4 |
| Northwest Territories | 1 | 7 | 0 | -85.7 | -- | 33 | 31 | 6.5 |
| Bankruptcies | 1 | 4 | 0 | -75.0 | -- | 28 | 29 | -3.4 |
| Proposals | 0 | 3 | 0 | -100.0 | -- | 5 | 2 | 150.0 |
| Yukon | 3 | 0 | 3 | -- | 0.0 | 33 | 24 | 37.5 |
| Bankruptcies | 2 | 0 | 3 | -- | -33.3 | 28 | 22 | 27.3 |
| Proposals | 1 | 0 | 0 | -- | -- | 5 | 2 | 150.0 |
| Nunavut | 1 | 0 | 1 | -- | 0.0 | 8 | 4 | 100.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 8 | 2 | 300.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 0 | 2 | -100.0 |
| Canada | 13 629 | 11 706 | 8 702 | 16.4 | 56.6 | 125 186 | 102 087 | 22.6 |
| Bankruptcies | 10 578 | 9 020 | 6 736 | 17.3 | 57.0 | 97 686 | 80 430 | 21.5 |
| Proposals | 3 051 | 2 686 | 1 966 | 13.6 | 55.2 | 27 500 | 21 657 | 27.0 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| March 2009 | February 2009 | March 2008 | Feb. 2009 to Mar. 2009 | Mar. 2008 to Mar. 2009 | 03-31-2009 | 03-31-2008 | % Change | |
| Newfoundland and Labrador | 3 | 2 | 2 | 50.0 | 50.0 | 30 | 53 | -43.4 |
| Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 29 | 52 | -44.2 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Prince Edward Island | 1 | 2 | 0 | -50.0 | -- | 19 | 31 | -38.7 |
| Bankruptcies | 1 | 2 | 0 | -50.0 | -- | 15 | 24 | -37.5 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 7 | -42.9 |
| Nova Scotia | 14 | 11 | 20 | 27.3 | -30.0 | 178 | 210 | -15.2 |
| Bankruptcies | 14 | 11 | 19 | 27.3 | -26.3 | 146 | 190 | -23.2 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 32 | 20 | 60.0 |
| New Brunswick | 10 | 7 | 13 | 42.9 | -23.1 | 216 | 195 | 10.8 |
| Bankruptcies | 9 | 4 | 8 | 125.0 | 12.5 | 174 | 162 | 7.4 |
| Proposals | 1 | 3 | 5 | -66.7 | -80.0 | 42 | 33 | 27.3 |
| Quebec | 239 | 250 | 255 | -4.4 | -6.3 | 2 766 | 2 574 | 7.5 |
| Bankruptcies | 179 | 180 | 202 | -0.6 | -11.4 | 2 151 | 2 054 | 4.7 |
| Proposals | 60 | 70 | 53 | -14.3 | 13.2 | 615 | 520 | 18.3 |
| Ontario | 242 | 203 | 290 | 19.2 | -16.6 | 2 677 | 3 026 | -11.5 |
| Bankruptcies | 215 | 168 | 232 | 28.0 | -7.3 | 2 291 | 2 559 | -10.5 |
| Proposals | 27 | 35 | 58 | -22.9 | -53.4 | 386 | 467 | -17.3 |
| Manitoba | 7 | 5 | 15 | 40.0 | -53.3 | 94 | 103 | -8.7 |
| Bankruptcies | 4 | 2 | 15 | 100.0 | -73.3 | 79 | 95 | -16.8 |
| Proposals | 3 | 3 | 0 | 0.0 | -- | 15 | 8 | 87.5 |
| Saskatchewan | 21 | 22 | 26 | -4.5 | -19.2 | 186 | 252 | -26.2 |
| Bankruptcies | 16 | 14 | 14 | 14.3 | 14.3 | 143 | 183 | -21.9 |
| Proposals | 5 | 8 | 12 | -37.5 | -58.3 | 43 | 69 | -37.7 |
| Alberta | 35 | 52 | 51 | -32.7 | -31.4 | 516 | 513 | 0.6 |
| Bankruptcies | 31 | 44 | 38 | -29.5 | -18.4 | 451 | 420 | 7.4 |
| Proposals | 4 | 8 | 13 | -50.0 | -69.2 | 65 | 93 | -30.1 |
| British Columbia | 43 | 60 | 40 | -28.3 | 7.5 | 536 | 567 | -5.5 |
| Bankruptcies | 35 | 48 | 32 | -27.1 | 9.4 | 455 | 459 | -0.9 |
| Proposals | 8 | 12 | 8 | -33.3 | 0.0 | 81 | 108 | -25.0 |
| Northwest Territories | 0 | 0 | 1 | -- | -100.0 | 0 | 5 | -100.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 0 | 3 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Yukon | 0 | 0 | 2 | -- | -100.0 | 1 | 6 | -83.3 |
| Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 1 | 6 | -83.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 615 | 614 | 715 | 0.2 | -14.0 | 7 219 | 7 535 | -4.2 |
| Bankruptcies | 507 | 475 | 565 | 6.7 | -10.3 | 5 935 | 6 207 | -4.4 |
| Proposals | 108 | 139 | 150 | -22.3 | -28.0 | 1 284 | 1 328 | -3.3 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| March 2009 | February 2009 | March 2008 | Feb. 2009 to Mar. 2009 | Mar. 2008 to Mar. 2009 | 03-31-2009 | 03-31-2008 | % Change | |
| Agriculture, Forestry Fishing and Hunting | 24 | 33 | 46 | -27.3 | -47.8 | 306 | 372 | -17.7 |
| Bankruptcies | 21 | 22 | 33 | -4.5 | -36.4 | 251 | 299 | -16.1 |
| Proposals | 3 | 11 | 13 | -72.7 | -76.9 | 55 | 73 | -24.7 |
| Mining and Oil and Gas Extraction | 4 | 6 | 6 | -33.3 | -33.3 | 52 | 39 | 33.3 |
| Bankruptcies | 2 | 2 | 4 | 0.0 | -50.0 | 32 | 27 | 18.5 |
| Proposals | 2 | 4 | 2 | -50.0 | 0.0 | 20 | 12 | 66.7 |
| Utilities | 1 | 2 | 0 | -50.0 | -- | 12 | 5 | 140.0 |
| Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 9 | 4 | 125.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 3 | 1 | 200.0 |
| Construction | 96 | 94 | 113 | 2.1 | -15.0 | 1 179 | 1 247 | -5.5 |
| Bankruptcies | 85 | 78 | 90 | 9.0 | -5.6 | 1 025 | 1 050 | -2.4 |
| Proposals | 11 | 16 | 23 | -31.3 | -52.2 | 154 | 197 | -21.8 |
| Manufacturing | 80 | 55 | 73 | 45.5 | 9.6 | 793 | 782 | 1.4 |
| Bankruptcies | 66 | 45 | 65 | 46.7 | 1.5 | 610 | 604 | 1.0 |
| Proposals | 14 | 10 | 8 | 40.0 | 75.0 | 183 | 178 | 2.8 |
| Wholesale Trade | 27 | 43 | 34 | -37.2 | -20.6 | 401 | 366 | 9.6 |
| Bankruptcies | 20 | 29 | 26 | -31.0 | -23.1 | 297 | 293 | 1.4 |
| Proposals | 7 | 14 | 8 | -50.0 | -12.5 | 104 | 73 | 42.5 |
| Retail Trade | 88 | 104 | 95 | -15.4 | -7.4 | 970 | 1 064 | -8.8 |
| Bankruptcies | 70 | 86 | 79 | -18.6 | -11.4 | 821 | 880 | -6.7 |
| Proposals | 18 | 18 | 16 | 0.0 | 12.5 | 149 | 184 | -19.0 |
| Transportation and Warehousing | 52 | 58 | 74 | -10.3 | -29.7 | 725 | 722 | 0.4 |
| Bankruptcies | 42 | 45 | 54 | -6.7 | -22.2 | 601 | 608 | -1.2 |
| Proposals | 10 | 13 | 20 | -23.1 | -50.0 | 124 | 114 | 8.8 |
| Information and Cultural Industries | 13 | 8 | 14 | 62.5 | -7.1 | 129 | 137 | -5.8 |
| Bankruptcies | 12 | 6 | 12 | 100.0 | 0.0 | 97 | 112 | -13.4 |
| Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 32 | 25 | 28.0 |
| Finance and Insurance | 9 | 15 | 17 | -40.0 | -47.1 | 121 | 117 | 3.4 |
| Bankruptcies | 7 | 8 | 16 | -12.5 | -56.3 | 96 | 102 | -5.9 |
| Proposals | 2 | 7 | 1 | -71.4 | 100.0 | 25 | 15 | 66.7 |
| Real Estate and Rental and Leasing | 21 | 22 | 13 | -4.5 | 61.5 | 194 | 163 | 19.0 |
| Bankruptcies | 17 | 11 | 10 | 54.5 | 70.0 | 154 | 136 | 13.2 |
| Proposals | 4 | 11 | 3 | -63.6 | 33.3 | 40 | 27 | 48.1 |
| Professional, Scientific and Technical Services | 47 | 31 | 45 | 51.6 | 4.4 | 462 | 453 | 2.0 |
| Bankruptcies | 42 | 25 | 31 | 68.0 | 35.5 | 380 | 365 | 4.1 |
| Proposals | 5 | 6 | 14 | -16.7 | -64.3 | 82 | 88 | -6.8 |
| Management of Companies and Enterprises | 4 | 2 | 3 | 100.0 | 33.3 | 44 | 44 | 0.0 |
| Bankruptcies | 3 | 1 | 2 | 200.0 | 50.0 | 32 | 31 | 3.2 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 12 | 13 | -7.7 |
| Administrative and Support, Waste Management and Remediation Services | 24 | 21 | 27 | 14.3 | -11.1 | 291 | 315 | -7.6 |
| Bankruptcies | 17 | 17 | 18 | 0.0 | -5.6 | 241 | 260 | -7.3 |
| Proposals | 7 | 4 | 9 | 75.0 | -22.2 | 50 | 55 | -9.1 |
| Educational Services | 2 | 4 | 5 | -50.0 | -60.0 | 48 | 48 | 0.0 |
| Bankruptcies | 2 | 3 | 5 | -33.3 | -60.0 | 38 | 37 | 2.7 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 10 | 11 | -9.1 |
| Health Care and Social Assistance | 9 | 6 | 8 | 50.0 | 12.5 | 83 | 96 | -13.5 |
| Bankruptcies | 6 | 6 | 3 | 0.0 | 100.0 | 65 | 73 | -11.0 |
| Proposals | 3 | 0 | 5 | -- | -40.0 | 18 | 23 | -21.7 |
| Arts, Entertainment and Recreation | 13 | 15 | 10 | -13.3 | 30.0 | 149 | 167 | -10.8 |
| Bankruptcies | 13 | 12 | 9 | 8.3 | 44.4 | 127 | 139 | -8.6 |
| Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 22 | 28 | -21.4 |
| Accommodation and Food Services | 63 | 61 | 88 | 3.3 | -28.4 | 812 | 888 | -8.6 |
| Bankruptcies | 47 | 49 | 76 | -4.1 | -38.2 | 675 | 754 | -10.5 |
| Proposals | 16 | 12 | 12 | 33.3 | 33.3 | 137 | 134 | 2.2 |
| Other Services (except Public Administration) | 37 | 34 | 44 | 8.8 | -15.9 | 437 | 504 | -13.3 |
| Bankruptcies | 34 | 29 | 32 | 17.2 | 6.3 | 374 | 427 | -12.4 |
| Proposals | 3 | 5 | 12 | -40.0 | -75.0 | 63 | 77 | -18.2 |
| Public Administration | 1 | 0 | 0 | -- | -- | 11 | 6 | 83.3 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 10 | 6 | 66.7 |
| Proposals | 1 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Total | 615 | 614 | 715 | 0.2 | -14.0 | 7 219 | 7 535 | -4.2 |
| Bankruptcies | 507 | 475 | 565 | 6.7 | -10.3 | 5 935 | 6 207 | -4.4 |
| Proposals | 108 | 139 | 150 | -22.3 | -28.0 | 1 284 | 1 328 | -3.3 |
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