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Insolvency Statistics in Canada - November 2011
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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 | |||||
---|---|---|---|---|---|---|---|---|
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 |
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 |
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 |
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 |