Insolvency Statistics in Canada—November 2011

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Tables

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.
Table 1: Total Insolvencies
Province Volume % Change 12-Month Period Ending
Nov. 2011 Oct. 2011 Nov. 2010 Oct. 2011 to Nov. 2011 Nov. 2010 to Nov. 2011 11-30-2011 11-30-2010 % Change
Newfoundland and Labrador 170 179 220 -5.0 -22.7 2,179 2,520 -13.5
Bankruptcies 156 173 213 -9.8 -26.8 2,045 2,383 -14.2
Proposals 14 6 7 133.3 100.0 134 137 -2.2
Prince Edward Island 42 55 51 -23.6 -17.6 648 600 8.0
Bankruptcies 37 44 50 -15.9 -26.0 554 534 3.7
Proposals 5 11 1 -54.5 400.0 94 66 42.4
Nova Scotia 365 363 472 0.6 -22.7 4,710 5,319 -11.4
Bankruptcies 265 278 373 -4.7 -29.0 3,716 4,333 -14.2
Proposals 100 85 99 17.6 1.0 994 986 0.8
New Brunswick 280 346 335 -19.1 -16.4 3,569 3,778 -5.5
Bankruptcies 226 266 285 -15.0 -20.7 2,907 3,169 -8.3
Proposals 54 80 50 -32.5 8.0 662 609 8.7
Quebec 3,474 3,150 3,710 10.3 -6.4 37,933 40,059 -5.3
Bankruptcies 2,414 2,278 2,675 6.0 -9.8 27,368 29,765 -8.1
Proposals 1,060 872 1,035 21.6 2.4 10,565 10,294 2.6
Ontario 4,685 4,147 5,144 13.0 -8.9 52,441 59,131 -11.3
Bankruptcies 2,379 2,129 2,801 11.7 -15.1 27,182 35,337 -23.1
Proposals 2,306 2,018 2,343 14.3 -1.6 25,259 23,794 6.2
Manitoba 174 202 251 -13.9 -30.7 2,273 2,771 -18.0
Bankruptcies 120 138 183 -13.0 -34.4 1,620 2,086 -22.3
Proposals 54 64 68 -15.6 -20.6 653 685 -4.7
Saskatchewan 172 174 193 -1.1 -10.9 2,260 2,504 -9.7
Bankruptcies 92 103 121 -10.7 -24.0 1,399 1,651 -15.3
Proposals 80 71 72 12.7 11.1 861 853 0.9
Alberta 873 836 932 4.4 -6.3 10,432 11,411 -8.6
Bankruptcies 596 545 686 9.4 -13.1 7,355 8,631 -14.8
Proposals 277 291 246 -4.8 12.6 3,077 2,780 10.7
British Columbia 1,037 915 1,114 13.3 -6.9 12,041 12,934 -6.9
Bankruptcies 649 604 838 7.5 -22.6 8,410 9,869 -14.8
Proposals 388 311 276 24.8 40.6 3,631 3,065 18.5
Northwest Territories 1 1 1 0.0 0.0 43 44 -2.3
Bankruptcies 1 1 1 0.0 0.0 28 32 -12.5
Proposals 0 0 0 15 12 25.0
Yukon 2 1 4 100.0 -50.0 44 36 22.2
Bankruptcies 2 1 2 100.0 0.0 40 27 48.1
Proposals 0 0 2 -100.0 4 9 -55.6
Nunavut 0 0 0 8 4 100.0
Bankruptcies 0 0 0 7 3 133.3
Proposals 0 0 0 1 1 0.0
Canada 11,275 10,369 12,427 8.7 -9.3 128,581 141,111 -8.9
Bankruptcies 6,937 6,560 8,228 5.7 -15.7 82,631 97,820 -15.5
Proposals 4,338 3,809 4,199 13.9 3.3 45,950 43,291 6.1
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Nov. 2011 Oct. 2011 Nov. 2010 Oct. 2011 to Nov. 2011 Nov. 2010 to Nov. 2011 11-30-2011 11-30-2010 % Change
Newfoundland and Labrador 170 175 218 -2.9 -22.0 2,148 2,500 -14.1
Bankruptcies 156 171 211 -8.8 -26.1 2,018 2,363 -14.6
Proposals 14 4 7 250.0 100.0 130 137 -5.1
Prince Edward Island 40 51 50 -21.6 -20.0 630 578 9.0
Bankruptcies 35 40 49 -12.5 -28.6 539 517 4.3
Proposals 5 11 1 -54.5 400.0 91 61 49.2
Nova Scotia 360 355 459 1.4 -21.6 4,587 5,154 -11.0
Bankruptcies 262 271 360 -3.3 -27.2 3,614 4,198 -13.9
Proposals 98 84 99 16.7 -1.0 973 956 1.8
New Brunswick 276 345 329 -20.0 -16.1 3,508 3,692 -5.0
Bankruptcies 222 265 279 -16.2 -20.4 2,862 3,098 -7.6
Proposals 54 80 50 -32.5 8.0 646 594 8.8
Quebec 3,262 2,964 3,530 10.1 -7.6 35,768 37,969 -5.8
Bankruptcies 2,261 2,140 2,537 5.7 -10.9 25,762 28,266 -8.9
Proposals 1,001 824 993 21.5 0.8 10,006 9,703 3.1
Ontario 4,555 4,028 4,988 13.1 -8.7 50,840 57,234 -11.2
Bankruptcies 2,277 2,045 2,681 11.3 -15.1 25,908 33,774 -23.3
Proposals 2,278 1,983 2,307 14.9 -1.3 24,932 23,460 6.3
Manitoba 164 192 245 -14.6 -33.1 2,203 2,688 -18.0
Bankruptcies 112 129 177 -13.2 -36.7 1,563 2,016 -22.5
Proposals 52 63 68 -17.5 -23.5 640 672 -4.8
Saskatchewan 159 165 182 -3.6 -12.6 2,098 2,351 -10.8
Bankruptcies 83 97 113 -14.4 -26.5 1,290 1,547 -16.6
Proposals 76 68 69 11.8 10.1 808 804 0.5
Alberta 847 798 909 6.1 -6.8 10,066 10,961 -8.2
Bankruptcies 577 515 667 12.0 -13.5 7,065 8,265 -14.5
Proposals 270 283 242 -4.6 11.6 3,001 2,696 11.3
British Columbia 1,027 893 1,089 15.0 -5.7 11,806 12,646 -6.6
Bankruptcies 641 584 816 9.8 -21.4 8,225 9,633 -14.6
Proposals 386 309 273 24.9 41.4 3,581 3,013 18.9
Northwest Territories 1 1 1 0.0 0.0 41 43 -4.7
Bankruptcies 1 1 1 0.0 0.0 28 32 -12.5
Proposals 0 0 0 13 11 18.2
Yukon 2 1 3 100.0 -33.3 43 34 26.5
Bankruptcies 2 1 2 100.0 0.0 39 27 44.4
Proposals 0 0 1 -100.0 4 7 -42.9
Nunavut 0 0 0 8 4 100.0
Bankruptcies 0 0 0 7 3 133.3
Proposals 0 0 0 1 1 0.0
Canada 10,863 9,968 12,003 9.0 -9.5 123,746 135,854 -8.9
Bankruptcies 6,629 6,259 7,893 5.9 -16.0 78,920 93,739 -15.8
Proposals 4,234 3,709 4,110 14.2 3.0 44,826 42,115 6.4
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Nov. 2011 Oct. 2011 Nov. 2010 Oct. 2011 to Nov. 2011 Nov. 2010 to Nov. 2011 11-30-2011 11-30-2010 % Change
Newfoundland and Labrador 0 4 2 -100.0 -100.0 31 20 55.0
Bankruptcies 0 2 2 -100.0 -100.0 27 20 35.0
Proposals 0 2 0 -100.0 4 0
Prince Edward Island 2 4 1 -50.0 100.0 18 22 -18.2
Bankruptcies 2 4 1 -50.0 100.0 15 17 -11.8
Proposals 0 0 0 3 5 -40.0
Nova Scotia 5 8 13 -37.5 -61.5 123 165 -25.5
Bankruptcies 3 7 13 -57.1 -76.9 102 135 -24.4
Proposals 2 1 0 100.0 21 30 -30.0
New Brunswick 4 1 6 300.0 -33.3 61 86 -29.1
Bankruptcies 4 1 6 300.0 -33.3 45 71 -36.6
Proposals 0 0 0 16 15 6.7
Quebec 212 186 180 14.0 17.8 2,165 2,090 3.6
Bankruptcies 153 138 138 10.9 10.9 1,606 1,499 7.1
Proposals 59 48 42 22.9 40.5 559 591 -5.4
Ontario 130 119 156 9.2 -16.7 1,601 1,897 -15.6
Bankruptcies 102 84 120 21.4 -15.0 1,274 1,563 -18.5
Proposals 28 35 36 -20.0 -22.2 327 334 -2.1
Manitoba 10 10 6 0.0 66.7 70 83 -15.7
Bankruptcies 8 9 6 -11.1 33.3 57 70 -18.6
Proposals 2 1 0 100.0 13 13 0.0
Saskatchewan 13 9 11 44.4 18.2 162 153 5.9
Bankruptcies 9 6 8 50.0 12.5 109 104 4.8
Proposals 4 3 3 33.3 33.3 53 49 8.2
Alberta 26 38 23 -31.6 13.0 366 450 -18.7
Bankruptcies 19 30 19 -36.7 0.0 290 366 -20.8
Proposals 7 8 4 -12.5 75.0 76 84 -9.5
British Columbia 10 22 25 -54.5 -60.0 235 288 -18.4
Bankruptcies 8 20 22 -60.0 -63.6 185 236 -21.6
Proposals 2 2 3 0.0 -33.3 50 52 -3.8
Northwest Territories 0 0 0 2 1 100.0
Bankruptcies 0 0 0 0 0
Proposals 0 0 0 2 1 100.0
Yukon 0 0 1 -100.0 1 2 -50.0
Bankruptcies 0 0 0 1 0
Proposals 0 0 1 -100.0 0 2 -100.0
Nunavut 0 0 0 0 0
Bankruptcies 0 0 0 0 0
Proposals 0 0 0 0 0
Canada 412 401 424 2.7 -2.8 4,835 5,257 -8.0
Bankruptcies 308 301 335 2.3 -8.1 3,711 4,081 -9.1
Proposals 104 100 89 4.0 16.9 1,124 1,176 -4.4
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Sector Volume % Change 12-Month Period Ending
Nov. 2011 Oct. 2011 Nov. 2010 Oct. 2011 to Nov. 2011 Nov. 2010 to Nov. 2011 11-30-2011 11-30-2010 % Change
Agriculture, Forestry, Fishing and Hunting 15 7 9 114.3 66.7 141 150 -6.0
Bankruptcies 10 7 8 42.9 25.0 95 110 -13.6
Proposals 5 0 1 400.0 46 40 15.0
Mining and Oil and Gas Extraction 1 3 4 -66.7 -75.0 28 64 -56.3
Bankruptcies 1 1 2 0.0 -50.0 21 39 -46.2
Proposals 0 2 2 -100.0 -100.0 7 25 -72.0
Utilities 2 1 0 100.0 14 13 7.7
Bankruptcies 2 1 0 100.0 10 13 -23.1
Proposals 0 0 0 4 0
Construction 44 74 72 -40.5 -38.9 798 868 -8.1
Bankruptcies 36 55 56 -34.5 -35.7 634 689 -8.0
Proposals 8 19 16 -57.9 -50.0 164 179 -8.4
Manufacturing 39 66 48 -40.9 -18.8 536 574 -6.6
Bankruptcies 27 49 33 -44.9 -18.2 379 439 -13.7
Proposals 12 17 15 -29.4 -20.0 157 135 16.3
Wholesale Trade 26 19 28 36.8 -7.1 271 291 -6.9
Bankruptcies 18 15 20 20.0 -10.0 210 228 -7.9
Proposals 8 4 8 100.0 0.0 61 63 -3.2
Retail Trade 56 56 52 0.0 7.7 662 746 -11.3
Bankruptcies 37 46 36 -19.6 2.8 528 595 -11.3
Proposals 19 10 16 90.0 18.8 134 151 -11.3
Transportation and Warehousing 27 13 24 107.7 12.5 322 409 -21.3
Bankruptcies 22 9 21 144.4 4.8 265 338 -21.6
Proposals 5 4 3 25.0 66.7 57 71 -19.7
Information and Cultural Industries 7 6 9 16.7 -22.2 83 83 0.0
Bankruptcies 6 5 7 20.0 -14.3 54 54 0.0
Proposals 1 1 2 0.0 -50.0 29 29 0.0
Finance and Insurance 9 6 11 50.0 -18.2 107 108 -0.9
Bankruptcies 6 3 9 100.0 -33.3 78 88 -11.4
Proposals 3 3 2 0.0 50.0 29 20 45.0
Real Estate and Rental and Leasing 11 11 17 0.0 -35.3 145 189 -23.3
Bankruptcies 6 8 16 -25.0 -62.5 109 135 -19.3
Proposals 5 3 1 66.7 400.0 36 54 -33.3
Professional, Scientific and Technical Services 35 28 28 25.0 25.0 301 323 -6.8
Bankruptcies 24 22 25 9.1 -4.0 210 236 -11.0
Proposals 11 6 3 83.3 266.7 91 87 4.6
Management of Companies and Enterprises 4 4 5 0.0 -20.0 54 68 -20.6
Bankruptcies 3 4 5 -25.0 -40.0 44 49 -10.2
Proposals 1 0 0 10 19 -47.4
Administrative and Support, Waste Management and Remediation Services 26 21 24 23.8 8.3 216 219 -1.4
Bankruptcies 18 18 22 0.0 -18.2 173 170 1.8
Proposals 8 3 2 166.7 300.0 43 49 -12.2
Educational Services 2 3 4 -33.3 -50.0 33 41 -19.5
Bankruptcies 2 3 4 -33.3 -50.0 23 33 -30.3
Proposals 0 0 0 10 8 25.0
Health Care and Social Assistance 5 5 3 0.0 66.7 83 66 25.8
Bankruptcies 3 2 0 50.0 63 47 34.0
Proposals 2 3 3 -33.3 -33.3 20 19 5.3
Arts, Entertainment and Recreation 9 4 14 125.0 -35.7 86 108 -20.4
Bankruptcies 9 3 13 200.0 -30.8 74 89 -16.9
Proposals 0 1 1 -100.0 -100.0 12 19 -36.8
Accommodation and Food Services 61 57 50 7.0 22.0 648 643 0.8
Bankruptcies 50 37 41 35.1 22.0 499 481 3.7
Proposals 11 20 9 -45.0 22.2 149 162 -8.0
Other Services (except Public Administration) 32 17 22 88.2 45.5 300 287 4.5
Bankruptcies 27 13 17 107.7 58.8 238 243 -2.1
Proposals 5 4 5 25.0 0.0 62 44 40.9
Public Administration 1 0 0 6 7 -14.3
Bankruptcies 1 0 0 3 5 -40.0
Proposals 0 0 0 3 2 50.0
Total 412 401 424 2.7 -2.8 4,835 5,257 -8.0
Bankruptcies 308 301 335 2.3 -8.1 3,711 4,081 -9.1
Proposals 104 100 89 4.0 16.9 1,124 1,176 -4.4