PDF version
Insolvency Statistics in Canada - March 2011
174 KB, 7 pages
Archived
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 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.
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2011 | Feb. 2011 | March 2010 | Feb. 2011 to March 2011 | March 2010 to March 2011 | 03-31-2011 | 03-31-2010 | % Change | |
Newfoundland and Labrador | 242 | 157 | 278 | 54.1 | -12.9 | 2,424 | 2,698 | -10.2 |
Bankruptcies | 226 | 147 | 266 | 53.7 | -15.0 | 2,280 | 2,575 | -11.5 |
Proposals | 16 | 10 | 12 | 60.0 | 33.3 | 144 | 123 | 17.1 |
Prince Edward Island | 86 | 47 | 53 | 83.0 | 62.3 | 644 | 599 | 7.5 |
Bankruptcies | 77 | 40 | 48 | 92.5 | 60.4 | 575 | 548 | 4.9 |
Proposals | 9 | 7 | 5 | 28.6 | 80.0 | 69 | 51 | 35.3 |
Nova Scotia | 521 | 422 | 494 | 23.5 | 5.5 | 5,287 | 5,540 | -4.6 |
Bankruptcies | 412 | 321 | 422 | 28.3 | -2.4 | 4,256 | 4,764 | -10.7 |
Proposals | 109 | 101 | 72 | 7.9 | 51.4 | 1,031 | 776 | 32.9 |
New Brunswick | 321 | 266 | 331 | 20.7 | -3.0 | 3,694 | 4,023 | -8.2 |
Bankruptcies | 258 | 224 | 283 | 15.2 | -8.8 | 3,088 | 3,426 | -9.9 |
Proposals | 63 | 42 | 48 | 50.0 | 31.3 | 606 | 597 | 1.5 |
Quebec | 3,599 | 3,337 | 3,650 | 7.9 | -1.4 | 39,642 | 43,124 | -8.1 |
Bankruptcies | 2,541 | 2,384 | 2,657 | 6.6 | -4.4 | 29,216 | 34,239 | -14.7 |
Proposals | 1,058 | 953 | 993 | 11.0 | 6.5 | 10,426 | 8,885 | 17.3 |
Ontario | 5,310 | 4,136 | 5,633 | 28.4 | -5.7 | 57,066 | 68,239 | -16.4 |
Bankruptcies | 2,698 | 2,021 | 3,339 | 33.5 | -19.2 | 32,350 | 46,341 | -30.2 |
Proposals | 2,612 | 2,115 | 2,294 | 23.5 | 13.9 | 24,716 | 21,898 | 12.9 |
Manitoba | 241 | 201 | 285 | 19.9 | -15.4 | 2,665 | 3,119 | -14.6 |
Bankruptcies | 171 | 131 | 205 | 30.5 | -16.6 | 1,964 | 2,434 | -19.3 |
Proposals | 70 | 70 | 80 | 0.0 | -12.5 | 701 | 685 | 2.3 |
Saskatchewan | 233 | 162 | 236 | 43.8 | -1.3 | 2,403 | 2,715 | -11.5 |
Bankruptcies | 149 | 96 | 162 | 55.2 | -8.0 | 1,543 | 1,959 | -21.2 |
Proposals | 84 | 66 | 74 | 27.3 | 13.5 | 860 | 756 | 13.8 |
Alberta | 963 | 886 | 1,077 | 8.7 | -10.6 | 11,114 | 12,596 | -11.8 |
Bankruptcies | 706 | 658 | 824 | 7.3 | -14.3 | 8,298 | 10,126 | -18.1 |
Proposals | 257 | 228 | 253 | 12.7 | 1.6 | 2,816 | 2,470 | 14.0 |
British Columbia | 1,144 | 1,012 | 1,277 | 13.0 | -10.4 | 12,769 | 13,644 | -6.4 |
Bankruptcies | 828 | 749 | 974 | 10.5 | -15.0 | 9,628 | 10,819 | -11.0 |
Proposals | 316 | 263 | 303 | 20.2 | 4.3 | 3,141 | 2,825 | 11.2 |
Northwest Territories | 6 | 5 | 4 | 20.0 | 50.0 | 48 | 47 | 2.1 |
Bankruptcies | 4 | 2 | 3 | 100.0 | 33.3 | 31 | 40 | -22.5 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 17 | 7 | 142.9 |
Yukon | 4 | 1 | 3 | 300.0 | 33.3 | 43 | 48 | -10.4 |
Bankruptcies | 3 | 0 | 3 | — | 0.0 | 37 | 41 | -9.8 |
Proposals | 1 | 1 | 0 | 0.0 | — | 6 | 7 | -14.3 |
Nunavut | 1 | 1 | 1 | 0.0 | 0.0 | 5 | 10 | -50.0 |
Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 5 | 8 | -37.5 |
Proposals | 0 | 0 | 0 | — | — | 0 | 2 | -100.0 |
Canada | 12,671 | 10,633 | 13,322 | 19.2 | -4.9 | 137,804 | 156,402 | -11.9 |
Bankruptcies | 8,074 | 6,774 | 9,187 | 19.2 | -12.1 | 93,271 | 117,320 | -20.5 |
Proposals | 4,597 | 3,859 | 4,135 | 19.1 | 11.2 | 44,533 | 39,082 | 13.9 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2011 | Feb. 2011 | March 2010 | Feb. 2011 to March 2011 | March 2010 to March 2011 | 03-31-2011 | 03-31-2010 | % Change | |
Newfoundland and Labrador | 236 | 154 | 277 | 53.2 | -14.8 | 2,396 | 2,665 | -10.1 |
Bankruptcies | 220 | 144 | 265 | 52.8 | -17.0 | 2,254 | 2,543 | -11.4 |
Proposals | 16 | 10 | 12 | 60.0 | 33.3 | 142 | 122 | 16.4 |
Prince Edward Island | 84 | 46 | 51 | 82.6 | 64.7 | 624 | 567 | 10.1 |
Bankruptcies | 75 | 39 | 46 | 92.3 | 63.0 | 561 | 520 | 7.9 |
Proposals | 9 | 7 | 5 | 28.6 | 80.0 | 63 | 47 | 34.0 |
Nova Scotia | 505 | 409 | 482 | 23.5 | 4.8 | 5,106 | 5,385 | -5.2 |
Bankruptcies | 396 | 310 | 414 | 27.7 | -4.3 | 4,104 | 4,630 | -11.4 |
Proposals | 109 | 99 | 68 | 10.1 | 60.3 | 1,002 | 755 | 32.7 |
New Brunswick | 316 | 261 | 327 | 21.1 | -3.4 | 3,622 | 3,898 | -7.1 |
Bankruptcies | 255 | 221 | 279 | 15.4 | -8.6 | 3,029 | 3,331 | -9.1 |
Proposals | 61 | 40 | 48 | 52.5 | 27.1 | 593 | 567 | 4.6 |
Quebec | 3,376 | 3,163 | 3,455 | 6.7 | -2.3 | 37,543 | 40,787 | -8.0 |
Bankruptcies | 2,386 | 2,245 | 2,515 | 6.3 | -5.1 | 27,680 | 32,493 | -14.8 |
Proposals | 990 | 918 | 940 | 7.8 | 5.3 | 9,863 | 8,294 | 18.9 |
Ontario | 5,105 | 4,020 | 5,442 | 27.0 | -6.2 | 55,300 | 65,802 | -16.0 |
Bankruptcies | 2,539 | 1,932 | 3,188 | 31.4 | -20.4 | 30,902 | 44,258 | -30.2 |
Proposals | 2,566 | 2,088 | 2,254 | 22.9 | 13.8 | 24,398 | 21,544 | 13.2 |
Manitoba | 231 | 194 | 274 | 19.1 | -15.7 | 2,593 | 3,022 | -14.2 |
Bankruptcies | 164 | 128 | 196 | 28.1 | -16.3 | 1,907 | 2,355 | -19.0 |
Proposals | 67 | 66 | 78 | 1.5 | -14.1 | 686 | 667 | 2.8 |
Saskatchewan | 211 | 151 | 222 | 39.7 | -5.0 | 2,257 | 2,500 | -9.7 |
Bankruptcies | 139 | 88 | 150 | 58.0 | -7.3 | 1,449 | 1,803 | -19.6 |
Proposals | 72 | 63 | 72 | 14.3 | 0.0 | 808 | 697 | 15.9 |
Alberta | 935 | 860 | 1,013 | 8.7 | -7.7 | 10,700 | 12,099 | -11.6 |
Bankruptcies | 680 | 636 | 776 | 6.9 | -12.4 | 7,947 | 9,730 | -18.3 |
Proposals | 255 | 224 | 237 | 13.8 | 7.6 | 2,753 | 2,369 | 16.2 |
British Columbia | 1,124 | 1,000 | 1,245 | 12.4 | -9.7 | 12,525 | 13,197 | -5.1 |
Bankruptcies | 813 | 741 | 948 | 9.7 | -14.2 | 9,426 | 10,475 | -10.0 |
Proposals | 311 | 259 | 297 | 20.1 | 4.7 | 3,099 | 2,722 | 13.9 |
Northwest Territories | 5 | 5 | 4 | 0.0 | 25.0 | 45 | 47 | -4.3 |
Bankruptcies | 4 | 2 | 3 | 100.0 | 33.3 | 31 | 40 | -22.5 |
Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 14 | 7 | 100.0 |
Yukon | 4 | 1 | 3 | 300.0 | 33.3 | 41 | 46 | -10.9 |
Bankruptcies | 3 | 0 | 3 | — | 0.0 | 37 | 41 | -9.8 |
Proposals | 1 | 1 | 0 | 0.0 | — | 4 | 5 | -20.0 |
Nunavut | 1 | 1 | 1 | 0.0 | 0.0 | 5 | 9 | -44.4 |
Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 5 | 8 | -37.5 |
Proposals | 0 | 0 | 0 | — | — | 0 | 1 | -100.0 |
Canada | 12,133 | 10,265 | 12,796 | 18.2 | -5.2 | 132,757 | 150,024 | -11.5 |
Bankruptcies | 7,675 | 6,487 | 8,784 | 18.3 | -12.6 | 89,332 | 112,227 | -20.4 |
Proposals | 4,458 | 3,778 | 4,012 | 18.0 | 11.1 | 43,425 | 37,797 | 14.9 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2011 | Feb. 2011 | March 2010 | Feb. 2011 to March 2011 | March 2010 to March 2011 | 03-31-2011 | 03-31-2010 | % Change | |
Newfoundland and Labrador | 6 | 3 | 1 | 100.0 | 500.0 | 28 | 33 | -15.2 |
Bankruptcies | 6 | 3 | 1 | 100.0 | 500.0 | 26 | 32 | -18.8 |
Proposals | 0 | 0 | 0 | — | — | 2 | 1 | 100.0 |
Prince Edward Island | 2 | 1 | 2 | 100.0 | 0.0 | 20 | 32 | -37.5 |
Bankruptcies | 2 | 1 | 2 | 100.0 | 0.0 | 14 | 28 | -50.0 |
Proposals | 0 | 0 | 0 | — | — | 6 | 4 | 50.0 |
Nova Scotia | 16 | 13 | 12 | 23.1 | 33.3 | 181 | 155 | 16.8 |
Bankruptcies | 16 | 11 | 8 | 45.5 | 100.0 | 152 | 134 | 13.4 |
Proposals | 0 | 2 | 4 | -100.0 | -100.0 | 29 | 21 | 38.1 |
New Brunswick | 5 | 5 | 4 | 0.0 | 25.0 | 72 | 125 | -42.4 |
Bankruptcies | 3 | 3 | 4 | 0.0 | -25.0 | 59 | 95 | -37.9 |
Proposals | 2 | 2 | 0 | 0.0 | — | 13 | 30 | -56.7 |
Quebec | 223 | 174 | 195 | 28.2 | 14.4 | 2,099 | 2,337 | -10.2 |
Bankruptcies | 155 | 139 | 142 | 11.5 | 9.2 | 1,536 | 1,746 | -12.0 |
Proposals | 68 | 35 | 53 | 94.3 | 28.3 | 563 | 591 | -4.7 |
Ontario | 205 | 116 | 191 | 76.7 | 7.3 | 1,766 | 2,437 | -27.5 |
Bankruptcies | 159 | 89 | 151 | 78.7 | 5.3 | 1,448 | 2,083 | -30.5 |
Proposals | 46 | 27 | 40 | 70.4 | 15.0 | 318 | 354 | -10.2 |
Manitoba | 10 | 7 | 11 | 42.9 | -9.1 | 72 | 97 | -25.8 |
Bankruptcies | 7 | 3 | 9 | 133.3 | -22.2 | 57 | 79 | -27.8 |
Proposals | 3 | 4 | 2 | -25.0 | 50.0 | 15 | 18 | -16.7 |
Saskatchewan | 22 | 11 | 14 | 100.0 | 57.1 | 146 | 215 | -32.1 |
Bankruptcies | 10 | 8 | 12 | 25.0 | -16.7 | 94 | 156 | -39.7 |
Proposals | 12 | 3 | 2 | 300.0 | 500.0 | 52 | 59 | -11.9 |
Alberta | 28 | 26 | 64 | 7.7 | -56.3 | 414 | 497 | -16.7 |
Bankruptcies | 26 | 22 | 48 | 18.2 | -45.8 | 351 | 396 | -11.4 |
Proposals | 2 | 4 | 16 | -50.0 | -87.5 | 63 | 101 | -37.6 |
British Columbia | 20 | 12 | 32 | 66.7 | -37.5 | 244 | 447 | -45.4 |
Bankruptcies | 15 | 8 | 26 | 87.5 | -42.3 | 202 | 344 | -41.3 |
Proposals | 5 | 4 | 6 | 25.0 | -16.7 | 42 | 103 | -59.2 |
Northwest Territories | 1 | 0 | 0 | — | — | 3 | 0 | — |
Bankruptcies | 0 | 0 | 0 | — | — | 0 | 0 | — |
Proposals | 1 | 0 | 0 | — | — | 3 | 0 | — |
Yukon | 0 | 0 | 0 | — | — | 2 | 2 | 0.0 |
Bankruptcies | 0 | 0 | 0 | — | — | 0 | 0 | — |
Proposals | 0 | 0 | 0 | — | — | 2 | 2 | 0.0 |
Nunavut | 0 | 0 | 0 | — | — | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | — | — | 0 | 0 | — |
Proposals | 0 | 0 | 0 | — | — | 0 | 1 | -100.0 |
Canada | 538 | 368 | 526 | 46.2 | 2.3 | 5,047 | 6,378 | -20.9 |
Bankruptcies | 399 | 287 | 403 | 39.0 | -1.0 | 3,939 | 5,093 | -22.7 |
Proposals | 139 | 81 | 123 | 71.6 | 13.0 | 1,108 | 1,285 | -13.8 |
Sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2011 | Feb. 2011 | March 2010 | Feb. 2011 to March 2011 | March 2010 to March 2011 | 03-31-2011 | 03-31-2010 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 20 | 13 | 13 | 53.8 | 53.8 | 142 | 220 | -35.5 |
Bankruptcies | 13 | 10 | 7 | 30.0 | 85.7 | 99 | 174 | -43.1 |
Proposals | 7 | 3 | 6 | 133.3 | 16.7 | 43 | 46 | -6.5 |
Mining and Oil and Gas Extraction | 1 | 1 | 7 | 0.0 | -85.7 | 46 | 76 | -39.5 |
Bankruptcies | 1 | 0 | 5 | — | -80.0 | 30 | 54 | -44.4 |
Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 16 | 22 | -27.3 |
Utilities | 3 | 0 | 3 | — | 0.0 | 8 | 22 | -63.6 |
Bankruptcies | 2 | 0 | 3 | — | -33.3 | 7 | 19 | -63.2 |
Proposals | 1 | 0 | 0 | — | — | 1 | 3 | -66.7 |
Construction | 96 | 76 | 91 | 26.3 | 5.5 | 838 | 972 | -13.8 |
Bankruptcies | 75 | 62 | 77 | 21.0 | -2.6 | 679 | 793 | -14.4 |
Proposals | 21 | 14 | 14 | 50.0 | 50.0 | 159 | 179 | -11.2 |
Manufacturing | 62 | 32 | 54 | 93.8 | 14.8 | 539 | 707 | -23.8 |
Bankruptcies | 37 | 21 | 40 | 76.2 | -7.5 | 393 | 554 | -29.1 |
Proposals | 25 | 11 | 14 | 127.3 | 78.6 | 146 | 153 | -4.6 |
Wholesale Trade | 29 | 21 | 30 | 38.1 | -3.3 | 295 | 340 | -13.2 |
Bankruptcies | 20 | 16 | 26 | 25.0 | -23.1 | 230 | 285 | -19.3 |
Proposals | 9 | 5 | 4 | 80.0 | 125.0 | 65 | 55 | 18.2 |
Retail Trade | 79 | 50 | 74 | 58.0 | 6.8 | 725 | 894 | -18.9 |
Bankruptcies | 66 | 40 | 56 | 65.0 | 17.9 | 592 | 728 | -18.7 |
Proposals | 13 | 10 | 18 | 30.0 | -27.8 | 133 | 166 | -19.9 |
Transportation and Warehousing | 26 | 18 | 44 | 44.4 | -40.9 | 341 | 578 | -41.0 |
Bankruptcies | 24 | 16 | 36 | 50.0 | -33.3 | 285 | 466 | -38.8 |
Proposals | 2 | 2 | 8 | 0.0 | -75.0 | 56 | 112 | -50.0 |
Information and Cultural Industries | 9 | 4 | 12 | 125.0 | -25.0 | 77 | 106 | -27.4 |
Bankruptcies | 7 | 3 | 8 | 133.3 | -12.5 | 50 | 75 | -33.3 |
Proposals | 2 | 1 | 4 | 100.0 | -50.0 | 27 | 31 | -12.9 |
Finance and Insurance | 11 | 2 | 10 | 450.0 | 10.0 | 103 | 137 | -24.8 |
Bankruptcies | 10 | 2 | 9 | 400.0 | 11.1 | 83 | 119 | -30.3 |
Proposals | 1 | 0 | 1 | — | 0.0 | 20 | 18 | 11.1 |
Real Estate and Rental and Leasing | 14 | 20 | 22 | -30.0 | -36.4 | 182 | 200 | -9.0 |
Bankruptcies | 8 | 14 | 14 | -42.9 | -42.9 | 136 | 132 | 3.0 |
Proposals | 6 | 6 | 8 | 0.0 | -25.0 | 46 | 68 | -32.4 |
Professional, Scientific and Technical Services | 38 | 25 | 34 | 52.0 | 11.8 | 307 | 416 | -26.2 |
Bankruptcies | 19 | 21 | 23 | -9.5 | -17.4 | 223 | 325 | -31.4 |
Proposals | 19 | 4 | 11 | 375.0 | 72.7 | 84 | 91 | -7.7 |
Management of Companies and Enterprises | 5 | 2 | 3 | 150.0 | 66.7 | 70 | 37 | 89.2 |
Bankruptcies | 5 | 1 | 3 | 400.0 | 66.7 | 49 | 30 | 63.3 |
Proposals | 0 | 1 | 0 | -100.0 | — | 21 | 7 | 200.0 |
Administrative and Support, Waste Management and Remediation Services | 20 | 14 | 20 | 42.9 | 0.0 | 211 | 282 | -25.2 |
Bankruptcies | 15 | 9 | 10 | 66.7 | 50.0 | 173 | 232 | -25.4 |
Proposals | 5 | 5 | 10 | 0.0 | -50.0 | 38 | 50 | -24.0 |
Educational Services | 4 | 0 | 7 | — | -42.9 | 39 | 45 | -13.3 |
Bankruptcies | 3 | 0 | 4 | — | -25.0 | 32 | 37 | -13.5 |
Proposals | 1 | 0 | 3 | — | -66.7 | 7 | 8 | -12.5 |
Health Care and Social Assistance | 13 | 4 | 5 | 225.0 | 160.0 | 67 | 79 | -15.2 |
Bankruptcies | 13 | 4 | 5 | 225.0 | 160.0 | 50 | 68 | -26.5 |
Proposals | 0 | 0 | 0 | — | — | 17 | 11 | 54.5 |
Arts, Entertainment and Recreation | 6 | 7 | 14 | -14.3 | -57.1 | 86 | 134 | -35.8 |
Bankruptcies | 5 | 6 | 8 | -16.7 | -37.5 | 75 | 107 | -29.9 |
Proposals | 1 | 1 | 6 | 0.0 | -83.3 | 11 | 27 | -59.3 |
Accommodation and Food Services | 72 | 50 | 62 | 44.0 | 16.1 | 659 | 762 | -13.5 |
Bankruptcies | 54 | 39 | 50 | 38.5 | 8.0 | 494 | 586 | -15.7 |
Proposals | 18 | 11 | 12 | 63.6 | 50.0 | 165 | 176 | -6.3 |
Other Services (except Public Administration) | 30 | 29 | 21 | 3.4 | 42.9 | 306 | 362 | -15.5 |
Bankruptcies | 22 | 23 | 19 | -4.3 | 15.8 | 256 | 302 | -15.2 |
Proposals | 8 | 6 | 2 | 33.3 | 300.0 | 50 | 60 | -16.7 |
Public Administration | 0 | 0 | 0 | — | — | 6 | 8 | -25.0 |
Bankruptcies | 0 | 0 | 0 | — | — | 3 | 6 | -50.0 |
Proposals | 0 | 0 | 0 | — | — | 3 | 2 | 50.0 |
Total | 538 | 368 | 526 | 46.2 | 2.3 | 5,047 | 6,378 | -20.9 |
Bankruptcies | 399 | 287 | 403 | 39.0 | -1.0 | 3,939 | 5,093 | -22.7 |
Proposals | 139 | 81 | 123 | 71.6 | 13.0 | 1,108 | 1,285 | -13.8 |