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Insolvency Statistics in Canada — May 2009
Printable Version: Insolvency Statistics in Canada — May 2009 (PDF Format 123 KB)
Note:
Monthly statistics for insolvency volumes tend to vary widely. Quarterly and annual statistics can be more indicative of the evolution of insolvency volumes.
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 | ||||||
|---|---|---|---|---|---|---|---|---|
| May 2009 | April 2009 | May 2008 | Apr. 2009 to May 2009 | May 2008 to May 2009 | 05-31-2009 | 05-31-2008 | % Change | |
| Newfoundland and Labrador | 238 | 282 | 209 | -15.6 | 13.9 | 2 467 | 2 151 | 14.7 |
| Bankruptcies | 231 | 270 | 205 | -14.4 | 12.7 | 2 381 | 2 080 | 14.5 |
| Proposals | 7 | 12 | 4 | -41.7 | 75.0 | 86 | 71 | 21.1 |
| Prince Edward Island | 37 | 64 | 24 | -42.2 | 54.2 | 515 | 394 | 30.7 |
| Bankruptcies | 33 | 61 | 23 | -45.9 | 43.5 | 490 | 360 | 36.1 |
| Proposals | 4 | 3 | 1 | 33.3 | 300.0 | 25 | 34 | -26.5 |
| Nova Scotia | 420 | 510 | 365 | -17.6 | 15.1 | 4 938 | 4 349 | 13.5 |
| Bankruptcies | 376 | 446 | 305 | -15.7 | 23.3 | 4 302 | 3 756 | 14.5 |
| Proposals | 44 | 64 | 60 | -31.3 | -26.7 | 636 | 593 | 7.3 |
| New Brunswick | 307 | 385 | 310 | -20.3 | -1.0 | 3 538 | 2 983 | 18.6 |
| Bankruptcies | 259 | 337 | 273 | -23.1 | -5.1 | 3 007 | 2 602 | 15.6 |
| Proposals | 48 | 48 | 37 | 0.0 | 29.7 | 531 | 381 | 39.4 |
| Quebec | 3 672 | 4 024 | 3 187 | -8.7 | 15.2 | 40 292 | 33 995 | 18.5 |
| Bankruptcies | 3 036 | 3 349 | 2 581 | -9.3 | 17.6 | 33 190 | 28 164 | 17.8 |
| Proposals | 636 | 675 | 606 | -5.8 | 5.0 | 7 102 | 5 831 | 21.8 |
| Ontario | 5 874 | 6 414 | 4 329 | -8.4 | 35.7 | 60 633 | 47 799 | 26.8 |
| Bankruptcies | 4 238 | 4 689 | 3 142 | -9.6 | 34.9 | 43 642 | 34 970 | 24.8 |
| Proposals | 1 636 | 1 725 | 1 187 | -5.2 | 37.8 | 16 991 | 12 829 | 32.4 |
| Manitoba | 272 | 299 | 221 | -9.0 | 23.1 | 2 959 | 2 591 | 14.2 |
| Bankruptcies | 228 | 243 | 177 | -6.2 | 28.8 | 2 332 | 2 078 | 12.2 |
| Proposals | 44 | 56 | 44 | -21.4 | 0.0 | 627 | 513 | 22.2 |
| Saskatchewan | 215 | 233 | 153 | -7.7 | 40.5 | 2 257 | 2 042 | 10.5 |
| Bankruptcies | 173 | 187 | 127 | -7.5 | 36.2 | 1 748 | 1 535 | 13.9 |
| Proposals | 42 | 46 | 26 | -8.7 | 61.5 | 509 | 507 | 0.4 |
| Alberta | 1 030 | 1 025 | 600 | 0.5 | 71.7 | 9 873 | 6 641 | 48.7 |
| Bankruptcies | 881 | 862 | 483 | 2.2 | 82.4 | 8 317 | 5 339 | 55.8 |
| Proposals | 149 | 163 | 117 | -8.6 | 27.4 | 1 556 | 1 302 | 19.5 |
| British Columbia | 1 143 | 1 207 | 733 | -5.3 | 55.9 | 11 452 | 8 403 | 36.3 |
| Bankruptcies | 904 | 1 010 | 596 | -10.5 | 51.7 | 9 427 | 6 901 | 36.6 |
| Proposals | 239 | 197 | 137 | 21.3 | 74.5 | 2 025 | 1 502 | 34.8 |
| Northwest Territories | 1 | 6 | 2 | -83.3 | -50.0 | 35 | 30 | 16.7 |
| Bankruptcies | 1 | 5 | 2 | -80.0 | -50.0 | 30 | 25 | 20.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 5 | 5 | 0.0 |
| Yukon | 2 | 6 | 3 | -66.7 | -33.3 | 36 | 27 | 33.3 |
| Bankruptcies | 2 | 6 | 3 | -66.7 | -33.3 | 31 | 27 | 14.8 |
| Proposals | 0 | 0 | 0 | -- | -- | 5 | 0 | -- |
| Nunavut | 2 | 0 | 1 | -- | 100.0 | 8 | 4 | 100.0 |
| Bankruptcies | 2 | 0 | 1 | -- | 100.0 | 8 | 2 | 300.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Canada | 13 213 | 14 455 | 10 137 | -8.6 | 30.3 | 139 003 | 111 409 | 24.8 |
| Bankruptcies | 10 364 | 11 465 | 7 918 | -9.6 | 30.9 | 108 905 | 87 839 | 24.0 |
| Proposals | 2 849 | 2 990 | 2 219 | -4.7 | 28.4 | 30 098 | 23 570 | 27.7 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| May 2009 | April 2009 | May 2008 | Apr. 2009 to May 2009 | May 2008 to May 2009 | 05-31-2009 | 05-31-2008 | % Change | |
| Newfoundland and Labrador | 230 | 281 | 206 | -18.1 | 11.7 | 2 433 | 2 101 | 15.8 |
| Bankruptcies | 223 | 269 | 202 | -17.1 | 10.4 | 2 348 | 2 031 | 15.6 |
| Proposals | 7 | 12 | 4 | -41.7 | 75.0 | 85 | 70 | 21.4 |
| Prince Edward Island | 37 | 60 | 23 | -38.3 | 60.9 | 494 | 368 | 34.2 |
| Bankruptcies | 33 | 57 | 22 | -42.1 | 50.0 | 473 | 339 | 39.5 |
| Proposals | 4 | 3 | 1 | 33.3 | 300.0 | 21 | 29 | -27.6 |
| Nova Scotia | 408 | 488 | 341 | -16.4 | 19.6 | 4 771 | 4 136 | 15.4 |
| Bankruptcies | 366 | 425 | 286 | -13.9 | 28.0 | 4 160 | 3 566 | 16.7 |
| Proposals | 42 | 63 | 55 | -33.3 | -23.6 | 611 | 570 | 7.2 |
| New Brunswick | 293 | 371 | 279 | -21.0 | 5.0 | 3 349 | 2 764 | 21.2 |
| Bankruptcies | 248 | 326 | 244 | -23.9 | 1.6 | 2 860 | 2 418 | 18.3 |
| Proposals | 45 | 45 | 35 | 0.0 | 28.6 | 489 | 346 | 41.3 |
| Quebec | 3 457 | 3 811 | 2 937 | -9.3 | 17.7 | 37 627 | 31 334 | 20.1 |
| Bankruptcies | 2 876 | 3 186 | 2 376 | -9.7 | 21.0 | 31 142 | 26 024 | 19.7 |
| Proposals | 581 | 625 | 561 | -7.0 | 3.6 | 6 485 | 5 310 | 22.1 |
| Ontario | 5 681 | 6 134 | 4 086 | -7.4 | 39.0 | 58 006 | 44 761 | 29.6 |
| Bankruptcies | 4 067 | 4 450 | 2 929 | -8.6 | 38.9 | 41 395 | 32 377 | 27.9 |
| Proposals | 1 614 | 1 684 | 1 157 | -4.2 | 39.5 | 16 611 | 12 384 | 34.1 |
| Manitoba | 258 | 290 | 210 | -11.0 | 22.9 | 2 865 | 2 492 | 15.0 |
| Bankruptcies | 214 | 236 | 167 | -9.3 | 28.1 | 2 252 | 1 988 | 13.3 |
| Proposals | 44 | 54 | 43 | -18.5 | 2.3 | 613 | 504 | 21.6 |
| Saskatchewan | 190 | 216 | 135 | -12.0 | 40.7 | 2 065 | 1 798 | 14.8 |
| Bankruptcies | 152 | 170 | 114 | -10.6 | 33.3 | 1 594 | 1 355 | 17.6 |
| Proposals | 38 | 46 | 21 | -17.4 | 81.0 | 471 | 443 | 6.3 |
| Alberta | 982 | 996 | 564 | -1.4 | 74.1 | 9 358 | 6 160 | 51.9 |
| Bankruptcies | 847 | 838 | 455 | 1.1 | 86.2 | 7 873 | 4 952 | 59.0 |
| Proposals | 135 | 158 | 109 | -14.6 | 23.9 | 1 485 | 1 208 | 22.9 |
| British Columbia | 1 098 | 1 159 | 694 | -5.3 | 58.2 | 10 898 | 7 867 | 38.5 |
| Bankruptcies | 869 | 968 | 564 | -10.2 | 54.1 | 8 957 | 6 464 | 38.6 |
| Proposals | 229 | 191 | 130 | 19.9 | 76.2 | 1 941 | 1 403 | 38.3 |
| Northwest Territories | 1 | 6 | 2 | -83.3 | -50.0 | 35 | 25 | 40.0 |
| Bankruptcies | 1 | 5 | 2 | -80.0 | -50.0 | 30 | 22 | 36.4 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 5 | 3 | 66.7 |
| Yukon | 2 | 6 | 2 | -66.7 | 0.0 | 36 | 22 | 63.6 |
| Bankruptcies | 2 | 6 | 2 | -66.7 | 0.0 | 31 | 22 | 40.9 |
| Proposals | 0 | 0 | 0 | -- | -- | 5 | 0 | -- |
| Nunavut | 2 | 0 | 1 | -- | 100.0 | 8 | 4 | 100.0 |
| Bankruptcies | 2 | 0 | 1 | -- | 100.0 | 8 | 2 | 300.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Canada | 12 639 | 13 818 | 9 480 | -8.5 | 33.3 | 131 945 | 103 832 | 27.1 |
| Bankruptcies | 9 900 | 10 936 | 7 364 | -9.5 | 34.4 | 103 123 | 81 560 | 26.4 |
| Proposals | 2 739 | 2 882 | 2 116 | -5.0 | 29.4 | 28 822 | 22 272 | 29.4 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| May 2009 | April 2009 | May 2008 | Apr. 2009 to May 2009 | May 2008 to May 2009 | 05-31-2009 | 05-31-2008 | % Change | |
| Newfoundland and Labrador | 8 | 1 | 3 | 700.0 | 166.7 | 34 | 50 | -32.0 |
| Bankruptcies | 8 | 1 | 3 | 700.0 | 166.7 | 33 | 49 | -32.7 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Prince Edward Island | 0 | 4 | 1 | -100.0 | -100.0 | 21 | 26 | -19.2 |
| Bankruptcies | 0 | 4 | 1 | -100.0 | -100.0 | 17 | 21 | -19.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 5 | -20.0 |
| Nova Scotia | 12 | 22 | 24 | -45.5 | -50.0 | 167 | 213 | -21.6 |
| Bankruptcies | 10 | 21 | 19 | -52.4 | -47.4 | 142 | 190 | -25.3 |
| Proposals | 2 | 1 | 5 | 100.0 | -60.0 | 25 | 23 | 8.7 |
| New Brunswick | 14 | 14 | 31 | 0.0 | -54.8 | 189 | 219 | -13.7 |
| Bankruptcies | 11 | 11 | 29 | 0.0 | -62.1 | 147 | 184 | -20.1 |
| Proposals | 3 | 3 | 2 | 0.0 | 50.0 | 42 | 35 | 20.0 |
| Quebec | 215 | 213 | 250 | 0.9 | -14.0 | 2 665 | 2 661 | 0.2 |
| Bankruptcies | 160 | 163 | 205 | -1.8 | -22.0 | 2 048 | 2 140 | -4.3 |
| Proposals | 55 | 50 | 45 | 10.0 | 22.2 | 617 | 521 | 18.4 |
| Ontario | 193 | 280 | 243 | -31.1 | -20.6 | 2 627 | 3 038 | -13.5 |
| Bankruptcies | 171 | 239 | 213 | -28.5 | -19.7 | 2 247 | 2 593 | -13.3 |
| Proposals | 22 | 41 | 30 | -46.3 | -26.7 | 380 | 445 | -14.6 |
| Manitoba | 14 | 9 | 11 | 55.6 | 27.3 | 94 | 99 | -5.1 |
| Bankruptcies | 14 | 7 | 10 | 100.0 | 40.0 | 80 | 90 | -11.1 |
| Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 14 | 9 | 55.6 |
| Saskatchewan | 25 | 17 | 18 | 47.1 | 38.9 | 192 | 244 | -21.3 |
| Bankruptcies | 21 | 17 | 13 | 23.5 | 61.5 | 154 | 180 | -14.4 |
| Proposals | 4 | 0 | 5 | -- | -20.0 | 38 | 64 | -40.6 |
| Alberta | 48 | 29 | 36 | 65.5 | 33.3 | 515 | 481 | 7.1 |
| Bankruptcies | 34 | 24 | 28 | 41.7 | 21.4 | 444 | 387 | 14.7 |
| Proposals | 14 | 5 | 8 | 180.0 | 75.0 | 71 | 94 | -24.5 |
| British Columbia | 45 | 48 | 39 | -6.3 | 15.4 | 554 | 536 | 3.4 |
| Bankruptcies | 35 | 42 | 32 | -16.7 | 9.4 | 470 | 437 | 7.6 |
| Proposals | 10 | 6 | 7 | 66.7 | 42.9 | 84 | 99 | -15.2 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Yukon | 0 | 0 | 1 | -- | -100.0 | 0 | 5 | -100.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 0 | 5 | -100.0 |
| 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 | 574 | 637 | 657 | -9.9 | -12.6 | 7 058 | 7 577 | -6.8 |
| Bankruptcies | 464 | 529 | 554 | -12.3 | -16.2 | 5 782 | 6 279 | -7.9 |
| Proposals | 110 | 108 | 103 | 1.9 | 6.8 | 1 276 | 1 298 | -1.7 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| May 2009 | April 2009 | May 2008 | Apr. 2009 to May 2009 | May 2008 to May 2009 | 05-31-2009 | 05-31-2008 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 26 | 15 | 20 | 73.3 | 30.0 | 279 | 375 | -25.6 |
| Bankruptcies | 23 | 13 | 15 | 76.9 | 53.3 | 231 | 300 | -23.0 |
| Proposals | 3 | 2 | 5 | 50.0 | -40.0 | 48 | 75 | -36.0 |
| Mining and Oil and Gas Extraction | 8 | 0 | 2 | -- | 300.0 | 53 | 42 | 26.2 |
| Bankruptcies | 7 | 0 | 1 | -- | 600.0 | 35 | 28 | 25.0 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 18 | 14 | 28.6 |
| Utilities | 2 | 5 | 0 | -60.0 | -- | 19 | 3 | 533.3 |
| Bankruptcies | 1 | 5 | 0 | -80.0 | -- | 15 | 2 | 650.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 4 | 1 | 300.0 |
| Construction | 78 | 89 | 114 | -12.4 | -31.6 | 1 101 | 1 272 | -13.4 |
| Bankruptcies | 63 | 76 | 98 | -17.1 | -35.7 | 951 | 1 083 | -12.2 |
| Proposals | 15 | 13 | 16 | 15.4 | -6.3 | 150 | 189 | -20.6 |
| Manufacturing | 52 | 68 | 62 | -23.5 | -16.1 | 781 | 775 | 0.8 |
| Bankruptcies | 37 | 54 | 53 | -31.5 | -30.2 | 602 | 598 | 0.7 |
| Proposals | 15 | 14 | 9 | 7.1 | 66.7 | 179 | 177 | 1.1 |
| Wholesale Trade | 28 | 29 | 34 | -3.4 | -17.6 | 380 | 370 | 2.7 |
| Bankruptcies | 25 | 26 | 27 | -3.8 | -7.4 | 289 | 295 | -2.0 |
| Proposals | 3 | 3 | 7 | 0.0 | -57.1 | 91 | 75 | 21.3 |
| Retail Trade | 87 | 77 | 96 | 13.0 | -9.4 | 946 | 1 094 | -13.5 |
| Bankruptcies | 72 | 62 | 84 | 16.1 | -14.3 | 793 | 914 | -13.2 |
| Proposals | 15 | 15 | 12 | 0.0 | 25.0 | 153 | 180 | -15.0 |
| Transportation and Warehousing | 55 | 70 | 84 | -21.4 | -34.5 | 693 | 735 | -5.7 |
| Bankruptcies | 43 | 55 | 76 | -21.8 | -43.4 | 565 | 624 | -9.5 |
| Proposals | 12 | 15 | 8 | -20.0 | 50.0 | 128 | 111 | 15.3 |
| Information and Cultural Industries | 6 | 6 | 15 | 0.0 | -60.0 | 113 | 144 | -21.5 |
| Bankruptcies | 4 | 4 | 12 | 0.0 | -66.7 | 81 | 120 | -32.5 |
| Proposals | 2 | 2 | 3 | 0.0 | -33.3 | 32 | 24 | 33.3 |
| Finance and Insurance | 12 | 20 | 6 | -40.0 | 100.0 | 137 | 119 | 15.1 |
| Bankruptcies | 8 | 17 | 6 | -52.9 | 33.3 | 106 | 104 | 1.9 |
| Proposals | 4 | 3 | 0 | 33.3 | -- | 31 | 15 | 106.7 |
| Real Estate and Rental and Leasing | 19 | 15 | 20 | 26.7 | -5.0 | 198 | 149 | 32.9 |
| Bankruptcies | 11 | 11 | 15 | 0.0 | -26.7 | 152 | 121 | 25.6 |
| Proposals | 8 | 4 | 5 | 100.0 | 60.0 | 46 | 28 | 64.3 |
| Professional, Scientific and Technical Services | 42 | 35 | 48 | 20.0 | -12.5 | 451 | 464 | -2.8 |
| Bankruptcies | 33 | 29 | 37 | 13.8 | -10.8 | 373 | 374 | -0.3 |
| Proposals | 9 | 6 | 11 | 50.0 | -18.2 | 78 | 90 | -13.3 |
| Management of Companies and Enterprises | 3 | 0 | 2 | -- | 50.0 | 40 | 39 | 2.6 |
| Bankruptcies | 2 | 0 | 1 | -- | 100.0 | 30 | 28 | 7.1 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 10 | 11 | -9.1 |
| Administrative and Support, Waste Management and Remediation Services | 27 | 42 | 22 | -35.7 | 22.7 | 305 | 301 | 1.3 |
| Bankruptcies | 24 | 38 | 18 | -36.8 | 33.3 | 256 | 248 | 3.2 |
| Proposals | 3 | 4 | 4 | -25.0 | -25.0 | 49 | 53 | -7.5 |
| Educational Services | 4 | 7 | 4 | -42.9 | 0.0 | 50 | 47 | 6.4 |
| Bankruptcies | 3 | 5 | 4 | -40.0 | -25.0 | 38 | 37 | 2.7 |
| Proposals | 1 | 2 | 0 | -50.0 | -- | 12 | 10 | 20.0 |
| Health Care and Social Assistance | 5 | 14 | 8 | -64.3 | -37.5 | 89 | 99 | -10.1 |
| Bankruptcies | 5 | 12 | 6 | -58.3 | -16.7 | 71 | 74 | -4.1 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 18 | 25 | -28.0 |
| Arts, Entertainment and Recreation | 9 | 14 | 17 | -35.7 | -47.1 | 140 | 171 | -18.1 |
| Bankruptcies | 7 | 13 | 16 | -46.2 | -56.3 | 119 | 143 | -16.8 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 21 | 28 | -25.0 |
| Accommodation and Food Services | 62 | 91 | 63 | -31.9 | -1.6 | 824 | 886 | -7.0 |
| Bankruptcies | 51 | 73 | 46 | -30.1 | 10.9 | 684 | 754 | -9.3 |
| Proposals | 11 | 18 | 17 | -38.9 | -35.3 | 140 | 132 | 6.1 |
| Other Services (except Public Administration) | 48 | 40 | 38 | 20.0 | 26.3 | 450 | 485 | -7.2 |
| Bankruptcies | 44 | 36 | 37 | 22.2 | 18.9 | 383 | 425 | -9.9 |
| Proposals | 4 | 4 | 1 | 0.0 | 300.0 | 67 | 60 | 11.7 |
| Public Administration | 0 | 0 | 2 | -- | -100.0 | 8 | 7 | 14.3 |
| Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 7 | 7 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Total | 573 | 637 | 657 | -10.0 | -12.8 | 7 057 | 7 577 | -6.9 |
| Bankruptcies | 463 | 529 | 554 | -12.5 | -16.4 | 5 781 | 6 279 | -7.9 |
| Proposals | 110 | 108 | 103 | 1.9 | 6.8 | 1 276 | 1 298 | -1.7 |
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