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Companies' Creditors Arrangement Act Statistics in Canada—Fourth Quarter of 2011
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Archived
Tables
- Table 1: Total CCAA Proceedings
- Table 2: CCAA Proceedings Filed by Province
- Table 3: CCAA Proceedings Filed by NAICS Economic Sector, Canada
Definitions
- CCAA:
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The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.
- Cross-Border Proceedings:
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When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.
- North American Industry Classification System (NAICS):
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The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
type of proceeding | Volume | +/- Change | |||||
---|---|---|---|---|---|---|---|
October 2011 | November 2011 | December 2011 | Total Q4 2011 | Total Q4 2010 | Q3 2011 – Q4 2011 | Q4 2010 – Q4 2011 | |
Proceedings FiledFootnote 1 | |||||||
Number of Proceedings Filed | 2 | 4 | 10 | 16 | 8 | +6 | +8 |
Number of Filing Affiliates | 6 | 50 | 20 | 76 | 155 | +55 | -79 |
Total of Debtor Companies and Filing Affiliates | 8 | 54 | 30 | 92 | 163 | +61 | -71 |
Public/Private | |||||||
Proceedings by Publicly Traded Debtor Companies | 1 | 2 | 1 | 4 | 1 | 0 | +3 |
Proceedings by Privately Held Debtor Companies | 1 | 2 | 9 | 12 | 7 | +6 | +5 |
Cross-Border Proceedings | |||||||
Foreign Main Proceedings | 0 | 0 | 1 | 1 | 3 | 0 | -2 |
Foreign Non-Main Proceedings | 0 | 0 | 0 | 0 | 0 | – | 0 |
Liabilities ($millions)Footnote 2 | |||||||
Book Value of Total Consolidated LiabilitiesFootnote 3 | 72.871 | 345.981 | 470.469 | 889.321 | 22,995.71 | -5,949.207 | -22,106.389 |
% of Secured Liabilities | 26.00 | 58.11 | 40.25 | 45.99 | 72.53 | – | – |
% of Unsecured Liabilities | 74.00 | 41.89 | 59.75 | 54.01 | 22.22 | – | – |
Assets ($millions) | |||||||
Book Value of Total Consolidated Assets | 87.896 | 489.477 | 322.288 | 899.661 | 24,838.87 | -4,013.936 | -23,939.209 |
Month | Volume | +/- Change | |||||
---|---|---|---|---|---|---|---|
October 2011 | November 2011 | December 2011 | Total Q4 2011 | Total Q4 2010 | Q3 2011 – Q4 2011 | Q4 2010 – Q4 2011 | |
Newfoundland and Labrador | – | – | – | – | – | – | – |
Prince Edward Island | – | – | – | – | – | – | – |
Nova Scotia | – | – | – | – | – | -1 | – |
New Brunswick | – | – | – | – | – | – | – |
Quebec | – | 1 | 2 | 3 | 2 | -1 | +1 |
Ontario | – | 1 | 4 | 5 | 3 | +3 | +2 |
Manitoba | – | – | – | – | – | – | – |
Saskatchewan | – | – | – | – | – | – | – |
Alberta | – | 1 | 2 | 3 | 1 | +1 | +2 |
British Columbia | 2 | 1 | 2 | 5 | 2 | +4 | +3 |
Northwest Territories | – | – | – | – | – | – | – |
Yukon | – | – | – | – | – | – | – |
Nunavut | – | – | – | – | – | – | – |
Economic sector | Volume | +/- Change Q3 2011 – Q4 2011 | |||
---|---|---|---|---|---|
October 2011 | November 2011 | December 2011 | Total Q4 2011 | ||
Agriculture, Forestry, Fishing and Hunting | 1 | – | 1 | 2 | +2 |
Mining and Oil and Gas Extraction | – | 1 | 1 | 2 | 0 |
Utilities | – | – | – | – | – |
Construction | – | – | 1 | 1 | +1 |
Manufacturing | – | 1 | 3 | 4 | +2 |
Wholesale Trade | – | – | – | – | -1 |
Retail Trade | 1 | – | 2 | 3 | +2 |
Transportation and Warehousing | – | – | – | – | – |
Information and Cultural Industries | – | – | – | – | – |
Finance and Insurance | – | – | – | – | -1 |
Real Estate, Rental and Leasing | – | 2 | – | 2 | +1 |
Professional, Scientific and Technical Services | – | – | – | – | -2 |
Management of Companies and Enterprises | 1 | – | – | 1 | +1 |
Administrative and Support, Waste Management and Remediation Services | – | – | – | – | – |
Educational Services | – | – | – | – | – |
Health Care and Social Assistance | – | – | – | – | – |
Arts, Entertainment and Recreation | – | – | 1 | 1 | +1 |
Accommodation and Food Services | – | – | – | – | -1 |
Other Services (except Public Administration) | – | – | 1 | 1 | +1 |
Public Administration | – | – | – | – | – |