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Insolvency Statistics in Canada - June 2012
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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 a 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 | |||||
---|---|---|---|---|---|---|---|---|
June 2012 | May 2012 | June 2011 | May 2012 to June 2012 | June 2011 to June 2012 | 06-30-2012 | 06-30-2011 | % Change | |
Newfoundland and Labrador | 161 | 178 | 168 | -9.6 | -4.2 | 1,922 | 2,282 | -15.8 |
Bankruptcies | 146 | 157 | 161 | -7.0 | -9.3 | 1,779 | 2,147 | -17.1 |
Proposals | 15 | 21 | 7 | -28.6 | 114.3 | 143 | 135 | 5.9 |
Prince Edward Island | 55 | 52 | 61 | 5.8 | -9.8 | 606 | 655 | -7.5 |
Bankruptcies | 40 | 38 | 52 | 5.3 | -23.1 | 464 | 578 | -19.7 |
Proposals | 15 | 14 | 9 | 7.1 | 66.7 | 142 | 77 | 84.4 |
Nova Scotia | 379 | 420 | 418 | -9.8 | -9.3 | 4,516 | 5,073 | -11.0 |
Bankruptcies | 284 | 333 | 338 | -14.7 | -16.0 | 3,487 | 4,080 | -14.5 |
Proposals | 95 | 87 | 80 | 9.2 | 18.8 | 1,029 | 993 | 3.6 |
New Brunswick | 349 | 366 | 350 | -4.6 | -0.3 | 3,846 | 3,629 | 6.0 |
Bankruptcies | 271 | 302 | 303 | -10.3 | -10.6 | 2,998 | 3,036 | -1.3 |
Proposals | 78 | 64 | 47 | 21.9 | 66.0 | 848 | 593 | 43.0 |
Quebec | 2,941 | 3,494 | 3,087 | -15.8 | -4.7 | 37,728 | 39,052 | -3.4 |
Bankruptcies | 2,039 | 2,430 | 2,265 | -16.1 | -10.0 | 26,450 | 28,623 | -7.6 |
Proposals | 902 | 1,064 | 822 | -15.2 | 9.7 | 11,278 | 10,429 | 8.1 |
Ontario | 4,174 | 4,641 | 4,573 | -10.1 | -8.7 | 50,603 | 55,411 | -8.7 |
Bankruptcies | 2,094 | 2,264 | 2,398 | -7.5 | -12.7 | 25,539 | 30,104 | -15.2 |
Proposals | 2,080 | 2,377 | 2,175 | -12.5 | -4.4 | 25,064 | 25,307 | -1.0 |
Manitoba | 163 | 179 | 212 | -8.9 | -23.1 | 2,058 | 2,499 | -17.6 |
Bankruptcies | 107 | 116 | 157 | -7.8 | -31.8 | 1,403 | 1,820 | -22.9 |
Proposals | 56 | 63 | 55 | -11.1 | 1.8 | 655 | 679 | -3.5 |
Saskatchewan | 168 | 167 | 181 | 0.6 | -7.2 | 2,033 | 2,353 | -13.6 |
Bankruptcies | 100 | 97 | 112 | 3.1 | -10.7 | 1,221 | 1,491 | -18.1 |
Proposals | 68 | 70 | 69 | -2.9 | -1.4 | 812 | 862 | -5.8 |
Alberta | 840 | 826 | 952 | 1.7 | -11.8 | 9,988 | 10,874 | -8.1 |
Bankruptcies | 506 | 543 | 665 | -6.8 | -23.9 | 6,634 | 7,970 | -16.8 |
Proposals | 334 | 283 | 287 | 18.0 | 16.4 | 3,354 | 2,904 | 15.5 |
British Columbia | 1,013 | 1,072 | 1,011 | -5.5 | 0.2 | 12,162 | 12,375 | -1.7 |
Bankruptcies | 652 | 711 | 678 | -8.3 | -3.8 | 7,982 | 9,106 | -12.3 |
Proposals | 361 | 361 | 333 | 0.0 | 8.4 | 4,180 | 3,269 | 27.9 |
Northwest Territories | 3 | 1 | 4 | 200.0 | -25.0 | 47 | 43 | 9.3 |
Bankruptcies | 2 | 1 | 3 | 100.0 | -33.3 | 32 | 26 | 23.1 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 15 | 17 | -11.8 |
Yukon | 3 | 1 | 2 | 200.0 | 50.0 | 30 | 41 | -26.8 |
Bankruptcies | 2 | 1 | 2 | 100.0 | 0.0 | 25 | 37 | -32.4 |
Proposals | 1 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
Nunavut | 0 | 0 | 2 | -- | -100.0 | 3 | 8 | -62.5 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 1 | 8 | -87.5 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 0 | -- |
Canada | 10,249 | 11,397 | 11,021 | -10.1 | -7.0 | 125,542 | 134,295 | -6.5 |
Bankruptcies | 6,243 | 6,993 | 7,136 | -10.7 | -12.5 | 78,015 | 89,026 | -12.4 |
Proposals | 4,006 | 4,404 | 3,885 | -9.0 | 3.1 | 47,527 | 45,269 | 5.0 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2012 | May 2012 | June 2011 | May 2012 to June 2012 | June 2011 to June 2012 | 06-30-2012 | 06-30-2011 | % Change | |
Newfoundland and Labrador | 161 | 178 | 165 | -9.6 | -2.4 | 1,905 | 2,254 | -15.5 |
Bankruptcies | 146 | 157 | 158 | -7.0 | -7.6 | 1,764 | 2,121 | -16.8 |
Proposals | 15 | 21 | 7 | -28.6 | 114.3 | 141 | 133 | 6.0 |
Prince Edward Island | 52 | 52 | 60 | 0.0 | -13.3 | 583 | 634 | -8.0 |
Bankruptcies | 38 | 38 | 51 | 0.0 | -25.5 | 445 | 565 | -21.2 |
Proposals | 14 | 14 | 9 | 0.0 | 55.6 | 138 | 69 | 100.0 |
Nova Scotia | 370 | 411 | 406 | -10.0 | -8.9 | 4,427 | 4,913 | -9.9 |
Bankruptcies | 275 | 325 | 328 | -15.4 | -16.2 | 3,412 | 3,945 | -13.5 |
Proposals | 95 | 86 | 78 | 10.5 | 21.8 | 1,015 | 968 | 4.9 |
New Brunswick | 346 | 360 | 346 | -3.9 | 0.0 | 3,783 | 3,562 | 6.2 |
Bankruptcies | 268 | 296 | 301 | -9.5 | -11.0 | 2,949 | 2,983 | -1.1 |
Proposals | 78 | 64 | 45 | 21.9 | 73.3 | 834 | 579 | 44.0 |
Quebec | 2,778 | 3,292 | 2,920 | -15.6 | -4.9 | 35,671 | 36,965 | -3.5 |
Bankruptcies | 1,911 | 2,295 | 2,143 | -16.7 | -10.8 | 24,948 | 27,063 | -7.8 |
Proposals | 867 | 997 | 777 | -13.0 | 11.6 | 10,723 | 9,902 | 8.3 |
Ontario | 4,063 | 4,528 | 4,407 | -10.3 | -7.8 | 49,117 | 53,718 | -8.6 |
Bankruptcies | 2,010 | 2,186 | 2,260 | -8.1 | -11.1 | 24,396 | 28,753 | -15.2 |
Proposals | 2,053 | 2,342 | 2,147 | -12.3 | -4.4 | 24,721 | 24,965 | -1.0 |
Manitoba | 158 | 175 | 208 | -9.7 | -24.0 | 1,990 | 2,434 | -18.2 |
Bankruptcies | 106 | 112 | 153 | -5.4 | -30.7 | 1,350 | 1,770 | -23.7 |
Proposals | 52 | 63 | 55 | -17.5 | -5.5 | 640 | 664 | -3.6 |
Saskatchewan | 160 | 153 | 167 | 4.6 | -4.2 | 1,887 | 2,205 | -14.4 |
Bankruptcies | 94 | 89 | 104 | 5.6 | -9.6 | 1,118 | 1,394 | -19.8 |
Proposals | 66 | 64 | 63 | 3.1 | 4.8 | 769 | 811 | -5.2 |
Alberta | 809 | 791 | 919 | 2.3 | -12.0 | 9,641 | 10,486 | -8.1 |
Bankruptcies | 484 | 515 | 649 | -6.0 | -25.4 | 6,369 | 7,659 | -16.8 |
Proposals | 325 | 276 | 270 | 17.8 | 20.4 | 3,272 | 2,827 | 15.7 |
British Columbia | 1,004 | 1,053 | 986 | -4.7 | 1.8 | 11,909 | 12,133 | -1.8 |
Bankruptcies | 644 | 695 | 658 | -7.3 | -2.1 | 7,786 | 8,912 | -12.6 |
Proposals | 360 | 358 | 328 | 0.6 | 9.8 | 4,123 | 3,221 | 28.0 |
Northwest Territories | 3 | 1 | 4 | 200.0 | -25.0 | 46 | 40 | 15.0 |
Bankruptcies | 2 | 1 | 3 | 100.0 | -33.3 | 32 | 26 | 23.1 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 14 | 14 | 0.0 |
Yukon | 3 | 0 | 2 | -- | 50.0 | 28 | 40 | -30.0 |
Bankruptcies | 2 | 0 | 2 | -- | 0.0 | 23 | 37 | -37.8 |
Proposals | 1 | 0 | 0 | -- | -- | 5 | 3 | 66.7 |
Nunavut | 0 | 0 | 2 | -- | -100.0 | 3 | 8 | -62.5 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 1 | 8 | -87.5 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 0 | -- |
Canada | 9,907 | 10,994 | 10,592 | -9.9 | -6.5 | 120,990 | 129,392 | -6.5 |
Bankruptcies | 5,980 | 6,709 | 6,812 | -10.9 | -12.2 | 74,593 | 85,236 | -12.5 |
Proposals | 3,927 | 4,285 | 3,780 | -8.4 | 3.9 | 46,397 | 44,156 | 5.1 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2012 | May 2012 | June 2011 | May 2012 to June 2012 | June 2011 to June 2012 | 06-30-2012 | 06-30-2011 | % Change | |
Newfoundland and Labrador | 0 | 0 | 3 | -- | -100.0 | 17 | 28 | -39.3 |
Bankruptcies | 0 | 0 | 3 | -- | -100.0 | 15 | 26 | -42.3 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Prince Edward Island | 3 | 0 | 1 | -- | 200.0 | 23 | 21 | 9.5 |
Bankruptcies | 2 | 0 | 1 | -- | 100.0 | 19 | 13 | 46.2 |
Proposals | 1 | 0 | 0 | -- | -- | 4 | 8 | -50.0 |
Nova Scotia | 9 | 9 | 12 | 0.0 | -25.0 | 89 | 160 | -44.4 |
Bankruptcies | 9 | 8 | 10 | 12.5 | -10.0 | 75 | 135 | -44.4 |
Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 14 | 25 | -44.0 |
New Brunswick | 3 | 6 | 4 | -50.0 | -25.0 | 63 | 67 | -6.0 |
Bankruptcies | 3 | 6 | 2 | -50.0 | 50.0 | 49 | 53 | -7.5 |
Proposals | 0 | 0 | 2 | -- | -100.0 | 14 | 14 | 0.0 |
Quebec | 163 | 202 | 167 | -19.3 | -2.4 | 2,057 | 2,087 | -1.4 |
Bankruptcies | 128 | 135 | 122 | -5.2 | 4.9 | 1,502 | 1,560 | -3.7 |
Proposals | 35 | 67 | 45 | -47.8 | -22.2 | 555 | 527 | 5.3 |
Ontario | 111 | 113 | 166 | -1.8 | -33.1 | 1,486 | 1,693 | -12.2 |
Bankruptcies | 84 | 78 | 138 | 7.7 | -39.1 | 1,143 | 1,351 | -15.4 |
Proposals | 27 | 35 | 28 | -22.9 | -3.6 | 343 | 342 | 0.3 |
Manitoba | 5 | 4 | 4 | 25.0 | 25.0 | 68 | 65 | 4.6 |
Bankruptcies | 1 | 4 | 4 | -75.0 | -75.0 | 53 | 50 | 6.0 |
Proposals | 4 | 0 | 0 | -- | -- | 15 | 15 | 0.0 |
Saskatchewan | 8 | 14 | 14 | -42.9 | -42.9 | 146 | 148 | -1.4 |
Bankruptcies | 6 | 8 | 8 | -25.0 | -25.0 | 103 | 97 | 6.2 |
Proposals | 2 | 6 | 6 | -66.7 | -66.7 | 43 | 51 | -15.7 |
Alberta | 31 | 35 | 33 | -11.4 | -6.1 | 347 | 388 | -10.6 |
Bankruptcies | 22 | 28 | 16 | -21.4 | 37.5 | 265 | 311 | -14.8 |
Proposals | 9 | 7 | 17 | 28.6 | -47.1 | 82 | 77 | 6.5 |
British Columbia | 9 | 19 | 25 | -52.6 | -64.0 | 253 | 242 | 4.5 |
Bankruptcies | 8 | 16 | 20 | -50.0 | -60.0 | 196 | 194 | 1.0 |
Proposals | 1 | 3 | 5 | -66.7 | -80.0 | 57 | 48 | 18.8 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 1 | 3 | -66.7 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 1 | 3 | -66.7 |
Yukon | 0 | 1 | 0 | -100.0 | -- | 2 | 1 | 100.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 2 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Nunavut | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 342 | 403 | 429 | -15.1 | -20.3 | 4,552 | 4,903 | -7.2 |
Bankruptcies | 263 | 284 | 324 | -7.4 | -18.8 | 3,422 | 3,790 | -9.7 |
Proposals | 79 | 119 | 105 | -33.6 | -24.8 | 1,130 | 1,113 | 1.5 |
Economic Sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2012 | May 2012 | June 2011 | May 2012 to June 2012 | June 2011 to June 2012 | 06-30-2012 | 06-30-2011 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 13 | 14 | 5 | -7.1 | 160.0 | 133 | 125 | 6.4 |
Bankruptcies | 10 | 10 | 5 | 0.0 | 100.0 | 103 | 80 | 28.8 |
Proposals | 3 | 4 | 0 | -25.0 | -- | 30 | 45 | -33.3 |
Mining and Oil and Gas Extraction | 3 | 2 | 1 | 50.0 | 200.0 | 20 | 41 | -51.2 |
Bankruptcies | 2 | 2 | 1 | 0.0 | 100.0 | 14 | 26 | -46.2 |
Proposals | 1 | 0 | 0 | -- | -- | 6 | 15 | -60.0 |
Utilities | 2 | 1 | 2 | 100.0 | 0.0 | 16 | 11 | 45.5 |
Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 13 | 8 | 62.5 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 3 | 3 | 0.0 |
Construction | 78 | 76 | 85 | 2.6 | -8.2 | 797 | 823 | -3.2 |
Bankruptcies | 56 | 55 | 62 | 1.8 | -9.7 | 607 | 660 | -8.0 |
Proposals | 22 | 21 | 23 | 4.8 | -4.3 | 190 | 163 | 16.6 |
Manufacturing | 25 | 39 | 45 | -35.9 | -44.4 | 505 | 527 | -4.2 |
Bankruptcies | 17 | 23 | 29 | -26.1 | -41.4 | 364 | 364 | 0.0 |
Proposals | 8 | 16 | 16 | -50.0 | -50.0 | 141 | 163 | -13.5 |
Wholesale Trade | 24 | 19 | 22 | 26.3 | 9.1 | 251 | 284 | -11.6 |
Bankruptcies | 18 | 12 | 15 | 50.0 | 20.0 | 188 | 223 | -15.7 |
Proposals | 6 | 7 | 7 | -14.3 | -14.3 | 63 | 61 | 3.3 |
Retail Trade | 47 | 50 | 34 | -6.0 | 38.2 | 631 | 687 | -8.2 |
Bankruptcies | 34 | 38 | 27 | -10.5 | 25.9 | 474 | 543 | -12.7 |
Proposals | 13 | 12 | 7 | 8.3 | 85.7 | 157 | 144 | 9.0 |
Transportation and Warehousing | 24 | 19 | 34 | 26.3 | -29.4 | 271 | 327 | -17.1 |
Bankruptcies | 20 | 15 | 30 | 33.3 | -33.3 | 213 | 274 | -22.3 |
Proposals | 4 | 4 | 4 | 0.0 | 0.0 | 58 | 53 | 9.4 |
Information and Cultural Industries | 6 | 6 | 8 | 0.0 | -25.0 | 66 | 82 | -19.5 |
Bankruptcies | 5 | 5 | 7 | 0.0 | -28.6 | 53 | 53 | 0.0 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 13 | 29 | -55.2 |
Finance and Insurance | 4 | 8 | 14 | -50.0 | -71.4 | 83 | 116 | -28.4 |
Bankruptcies | 4 | 7 | 7 | -42.9 | -42.9 | 62 | 93 | -33.3 |
Proposals | 0 | 1 | 7 | -100.0 | -100.0 | 21 | 23 | -8.7 |
Real Estate and Rental and Leasing | 3 | 9 | 10 | -66.7 | -70.0 | 113 | 164 | -31.1 |
Bankruptcies | 3 | 4 | 8 | -25.0 | -62.5 | 76 | 133 | -42.9 |
Proposals | 0 | 5 | 2 | -100.0 | -100.0 | 37 | 31 | 19.4 |
Professional, Scientific and Technical Services | 20 | 26 | 28 | -23.1 | -28.6 | 287 | 290 | -1.0 |
Bankruptcies | 15 | 18 | 21 | -16.7 | -28.6 | 205 | 209 | -1.9 |
Proposals | 5 | 8 | 7 | -37.5 | -28.6 | 82 | 81 | 1.2 |
Management of Companies and Enterprises | 5 | 7 | 4 | -28.6 | 25.0 | 58 | 51 | 13.7 |
Bankruptcies | 5 | 5 | 2 | 0.0 | 150.0 | 46 | 43 | 7.0 |
Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 12 | 8 | 50.0 |
Administrative and Support, Waste Management and Remediation Services | 20 | 23 | 13 | -13.0 | 53.8 | 232 | 201 | 15.4 |
Bankruptcies | 15 | 16 | 12 | -6.3 | 25.0 | 170 | 164 | 3.7 |
Proposals | 5 | 7 | 1 | -28.6 | 400.0 | 62 | 37 | 67.6 |
Educational Services | 2 | 5 | 5 | -60.0 | -60.0 | 32 | 39 | -17.9 |
Bankruptcies | 2 | 3 | 1 | -33.3 | 100.0 | 26 | 27 | -3.7 |
Proposals | 0 | 2 | 4 | -100.0 | -100.0 | 6 | 12 | -50.0 |
Health Care and Social Assistance | 3 | 6 | 8 | -50.0 | -62.5 | 57 | 78 | -26.9 |
Bankruptcies | 3 | 4 | 5 | -25.0 | -40.0 | 41 | 60 | -31.7 |
Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 16 | 18 | -11.1 |
Arts, Entertainment and Recreation | 6 | 6 | 14 | 0.0 | -57.1 | 77 | 91 | -15.4 |
Bankruptcies | 5 | 5 | 12 | 0.0 | -58.3 | 66 | 81 | -18.5 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 11 | 10 | 10.0 |
Accommodation and Food Services | 46 | 64 | 66 | -28.1 | -30.3 | 657 | 650 | 1.1 |
Bankruptcies | 37 | 41 | 54 | -9.8 | -31.5 | 480 | 491 | -2.2 |
Proposals | 9 | 23 | 12 | -60.9 | -25.0 | 177 | 159 | 11.3 |
Other Services (except Public Administration) | 11 | 23 | 30 | -52.2 | -63.3 | 259 | 311 | -16.7 |
Bankruptcies | 10 | 20 | 24 | -50.0 | -58.3 | 216 | 255 | -15.3 |
Proposals | 1 | 3 | 6 | -66.7 | -83.3 | 43 | 56 | -23.2 |
Public Administration | 0 | 0 | 0 | -- | -- | 7 | 4 | 75.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 5 | 2 | 150.0 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Total | 342 | 403 | 429 | -15.1 | -20.3 | 4,552 | 4,903 | -7.2 |
Bankruptcies | 263 | 284 | 324 | -7.4 | -18.8 | 3,422 | 3,790 | -9.7 |
Proposals | 79 | 119 | 105 | -33.6 | -24.8 | 1,130 | 1,113 | 1.5 |