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Insolvency Statistics in Canada—February 2013
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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 | |||||
|---|---|---|---|---|---|---|---|---|
| Feb. 2013 | Jan. 2013 | Feb. 2012 | Jan. 2013 to Feb. 2013 | Feb. 2012 to Feb. 2013 | 02-28-2013 | 02-29-2012 | % Change | |
| Newfoundland and Labrador | 149 | 143 | 154 | 4.2 | -3.2 | 1,789 | 2,070 | -13.6 |
| Bankruptcies | 136 | 134 | 143 | 1.5 | -4.9 | 1,647 | 1,938 | -15.0 |
| Proposals | 13 | 9 | 11 | 44.4 | 18.2 | 142 | 132 | 7.6 |
| Prince Edward Island | 47 | 50 | 55 | -6.0 | -14.5 | 628 | 645 | -2.6 |
| Bankruptcies | 35 | 42 | 44 | -16.7 | -20.5 | 481 | 528 | -8.9 |
| Proposals | 12 | 8 | 11 | 50.0 | 9.1 | 147 | 117 | 25.6 |
| Nova Scotia | 340 | 320 | 404 | 6.3 | -15.8 | 4,346 | 4,605 | -5.6 |
| Bankruptcies | 232 | 225 | 299 | 3.1 | -22.4 | 3,223 | 3,621 | -11.0 |
| Proposals | 108 | 95 | 105 | 13.7 | 2.9 | 1,123 | 984 | 14.1 |
| New Brunswick | 315 | 293 | 337 | 7.5 | -6.5 | 3,884 | 3,732 | 4.1 |
| Bankruptcies | 233 | 226 | 244 | 3.1 | -4.5 | 2,938 | 2,985 | -1.6 |
| Proposals | 82 | 67 | 93 | 22.4 | -11.8 | 946 | 747 | 26.6 |
| Quebec | 3,460 | 3,320 | 3,389 | 4.2 | 2.1 | 38,421 | 37,879 | 1.4 |
| Bankruptcies | 2,209 | 2,155 | 2,328 | 2.5 | -5.1 | 25,883 | 27,048 | -4.3 |
| Proposals | 1,251 | 1,165 | 1,061 | 7.4 | 17.9 | 12,538 | 10,831 | 15.8 |
| Ontario | 3,406 | 3,604 | 4,254 | -5.5 | -19.9 | 47,884 | 52,099 | -8.1 |
| Bankruptcies | 1,621 | 1,691 | 2,028 | -4.1 | -20.1 | 23,828 | 26,698 | -10.7 |
| Proposals | 1,785 | 1,913 | 2,226 | -6.7 | -19.8 | 24,056 | 25,401 | -5.3 |
| Manitoba | 125 | 124 | 162 | 0.8 | -22.8 | 1,867 | 2,178 | -14.3 |
| Bankruptcies | 76 | 87 | 106 | -12.6 | -28.3 | 1,271 | 1,529 | -16.9 |
| Proposals | 49 | 37 | 56 | 32.4 | -12.5 | 596 | 649 | -8.2 |
| Saskatchewan | 126 | 132 | 153 | -4.5 | -17.6 | 1,789 | 2,172 | -17.6 |
| Bankruptcies | 77 | 83 | 86 | -7.2 | -10.5 | 1,059 | 1,334 | -20.6 |
| Proposals | 49 | 49 | 67 | 0.0 | -26.9 | 730 | 838 | -12.9 |
| Alberta | 713 | 751 | 827 | -5.1 | -13.8 | 9,346 | 10,279 | -9.1 |
| Bankruptcies | 426 | 456 | 558 | -6.6 | -23.7 | 5,776 | 7,122 | -18.9 |
| Proposals | 287 | 295 | 269 | -2.7 | 6.7 | 3,570 | 3,157 | 13.1 |
| British Columbia | 984 | 927 | 1,110 | 6.1 | -11.4 | 11,877 | 11,994 | -1.0 |
| Bankruptcies | 601 | 605 | 726 | -0.7 | -17.2 | 7,666 | 8,105 | -5.4 |
| Proposals | 383 | 322 | 384 | 18.9 | -0.3 | 4,211 | 3,889 | 8.3 |
| Northwest Territories | 4 | 2 | 4 | 100.0 | 0.0 | 52 | 46 | 13.0 |
| Bankruptcies | 3 | 1 | 4 | 200.0 | -25.0 | 28 | 34 | -17.6 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 24 | 12 | 100.0 |
| Yukon | 6 | 0 | 2 | -- | 200.0 | 40 | 35 | 14.3 |
| Bankruptcies | 3 | 0 | 2 | -- | 50.0 | 24 | 30 | -20.0 |
| Proposals | 3 | 0 | 0 | -- | -- | 16 | 5 | 220.0 |
| Nunavut | 0 | 0 | 1 | -- | -100.0 | 3 | 7 | -57.1 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 5 | -80.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 2 | 2 | 0.0 |
| Canada | 9,675 | 9,666 | 10,852 | 0.1 | -10.8 | 121,926 | 127,741 | -4.6 |
| Bankruptcies | 5,652 | 5,705 | 6,568 | -0.9 | -13.9 | 73,825 | 80,977 | -8.8 |
| Proposals | 4,023 | 3,961 | 4,284 | 1.6 | -6.1 | 48,101 | 46,764 | 2.9 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Feb. 2013 | Jan. 2013 | Feb. 2012 | Jan. 2013 to Feb. 2013 | Feb. 2012 to Feb. 2013 | 02-28-2013 | 02-29-2012 | % Change | |
| Newfoundland and Labrador | 148 | 138 | 153 | 7.2 | -3.3 | 1,767 | 2,045 | -13.6 |
| Bankruptcies | 135 | 131 | 142 | 3.1 | -4.9 | 1,631 | 1,915 | -14.8 |
| Proposals | 13 | 7 | 11 | 85.7 | 18.2 | 136 | 130 | 4.6 |
| Prince Edward Island | 44 | 47 | 51 | -6.4 | -13.7 | 612 | 622 | -1.6 |
| Bankruptcies | 32 | 39 | 40 | -17.9 | -20.0 | 466 | 510 | -8.6 |
| Proposals | 12 | 8 | 11 | 50.0 | 9.1 | 146 | 112 | 30.4 |
| Nova Scotia | 328 | 309 | 391 | 6.1 | -16.1 | 4,236 | 4,498 | -5.8 |
| Bankruptcies | 224 | 216 | 288 | 3.7 | -22.2 | 3,135 | 3,531 | -11.2 |
| Proposals | 104 | 93 | 103 | 11.8 | 1.0 | 1,101 | 967 | 13.9 |
| New Brunswick | 308 | 287 | 328 | 7.3 | -6.1 | 3,817 | 3,664 | 4.2 |
| Bankruptcies | 228 | 222 | 237 | 2.7 | -3.8 | 2,890 | 2,932 | -1.4 |
| Proposals | 80 | 65 | 91 | 23.1 | -12.1 | 927 | 732 | 26.6 |
| Quebec | 3,246 | 3,170 | 3,214 | 2.4 | 1.0 | 36,383 | 35,734 | 1.8 |
| Bankruptcies | 2,058 | 2,046 | 2,195 | 0.6 | -6.2 | 24,389 | 25,480 | -4.3 |
| Proposals | 1,188 | 1,124 | 1,019 | 5.7 | 16.6 | 11,994 | 10,254 | 17.0 |
| Ontario | 3,317 | 3,509 | 4,140 | -5.5 | -19.9 | 46,571 | 50,478 | -7.7 |
| Bankruptcies | 1,556 | 1,613 | 1,938 | -3.5 | -19.7 | 22,824 | 25,421 | -10.2 |
| Proposals | 1,761 | 1,896 | 2,202 | -7.1 | -20.0 | 23,747 | 25,057 | -5.2 |
| Manitoba | 119 | 118 | 155 | 0.8 | -23.2 | 1,817 | 2,104 | -13.6 |
| Bankruptcies | 70 | 82 | 102 | -14.6 | -31.4 | 1,231 | 1,469 | -16.2 |
| Proposals | 49 | 36 | 53 | 36.1 | -7.5 | 586 | 635 | -7.7 |
| Saskatchewan | 114 | 126 | 144 | -9.5 | -20.8 | 1,669 | 2,017 | -17.3 |
| Bankruptcies | 73 | 80 | 81 | -8.8 | -9.9 | 992 | 1,229 | -19.3 |
| Proposals | 41 | 46 | 63 | -10.9 | -34.9 | 677 | 788 | -14.1 |
| Alberta | 694 | 735 | 789 | -5.6 | -12.0 | 9,062 | 9,937 | -8.8 |
| Bankruptcies | 412 | 446 | 533 | -7.6 | -22.7 | 5,567 | 6,865 | -18.9 |
| Proposals | 282 | 289 | 256 | -2.4 | 10.2 | 3,495 | 3,072 | 13.8 |
| British Columbia | 953 | 906 | 1,077 | 5.2 | -11.5 | 11,607 | 11,736 | -1.1 |
| Bankruptcies | 582 | 589 | 702 | -1.2 | -17.1 | 7,476 | 7,906 | -5.4 |
| Proposals | 371 | 317 | 375 | 17.0 | -1.1 | 4,131 | 3,830 | 7.9 |
| Northwest Territories | 4 | 2 | 4 | 100.0 | 0.0 | 51 | 45 | 13.3 |
| Bankruptcies | 3 | 1 | 4 | 200.0 | -25.0 | 28 | 34 | -17.6 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 23 | 11 | 109.1 |
| Yukon | 4 | 0 | 2 | -- | 100.0 | 37 | 34 | 8.8 |
| Bankruptcies | 1 | 0 | 2 | -- | -50.0 | 21 | 29 | -27.6 |
| Proposals | 3 | 0 | 0 | -- | -- | 16 | 5 | 220.0 |
| Nunavut | 0 | 0 | 1 | -- | -100.0 | 2 | 7 | -71.4 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 2 | 2 | 0.0 |
| Canada | 9,279 | 9,347 | 10,449 | -0.7 | -11.2 | 117,631 | 122,921 | -4.3 |
| Bankruptcies | 5,374 | 5,465 | 6,264 | -1.7 | -14.2 | 70,650 | 77,326 | -8.6 |
| Proposals | 3,905 | 3,882 | 4,185 | 0.6 | -6.7 | 46,981 | 45,595 | 3.0 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Feb. 2013 | Jan. 2013 | Feb. 2012 | Jan. 2013 to Feb. 2013 | Feb. 2012 to Feb. 2013 | 02-28-2013 | 02-29-2012 | % Change | |
| Newfoundland and Labrador | 1 | 5 | 1 | -80.0 | 0.0 | 22 | 25 | -12.0 |
| Bankruptcies | 1 | 3 | 1 | -66.7 | 0.0 | 16 | 23 | -30.4 |
| Proposals | 0 | 2 | 0 | -100.0 | -- | 6 | 2 | 200.0 |
| Prince Edward Island | 3 | 3 | 4 | 0.0 | -25.0 | 16 | 23 | -30.4 |
| Bankruptcies | 3 | 3 | 4 | 0.0 | -25.0 | 15 | 18 | -16.7 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 5 | -80.0 |
| Nova Scotia | 12 | 11 | 13 | 9.1 | -7.7 | 110 | 107 | 2.8 |
| Bankruptcies | 8 | 9 | 11 | -11.1 | -27.3 | 88 | 90 | -2.2 |
| Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 22 | 17 | 29.4 |
| New Brunswick | 7 | 6 | 9 | 16.7 | -22.2 | 67 | 68 | -1.5 |
| Bankruptcies | 5 | 4 | 7 | 25.0 | -28.6 | 48 | 53 | -9.4 |
| Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 19 | 15 | 26.7 |
| Quebec | 214 | 150 | 175 | 42.7 | 22.3 | 2,038 | 2,145 | -5.0 |
| Bankruptcies | 151 | 109 | 133 | 38.5 | 13.5 | 1,494 | 1,568 | -4.7 |
| Proposals | 63 | 41 | 42 | 53.7 | 50.0 | 544 | 577 | -5.7 |
| Ontario | 89 | 95 | 114 | -6.3 | -21.9 | 1,313 | 1,621 | -19.0 |
| Bankruptcies | 65 | 78 | 90 | -16.7 | -27.8 | 1,004 | 1,277 | -21.4 |
| Proposals | 24 | 17 | 24 | 41.2 | 0.0 | 309 | 344 | -10.2 |
| Manitoba | 6 | 6 | 7 | 0.0 | -14.3 | 50 | 74 | -32.4 |
| Bankruptcies | 6 | 5 | 4 | 20.0 | 50.0 | 40 | 60 | -33.3 |
| Proposals | 0 | 1 | 3 | -100.0 | -100.0 | 10 | 14 | -28.6 |
| Saskatchewan | 12 | 6 | 9 | 100.0 | 33.3 | 120 | 155 | -22.6 |
| Bankruptcies | 4 | 3 | 5 | 33.3 | -20.0 | 67 | 105 | -36.2 |
| Proposals | 8 | 3 | 4 | 166.7 | 100.0 | 53 | 50 | 6.0 |
| Alberta | 19 | 16 | 38 | 18.8 | -50.0 | 284 | 342 | -17.0 |
| Bankruptcies | 14 | 10 | 25 | 40.0 | -44.0 | 209 | 257 | -18.7 |
| Proposals | 5 | 6 | 13 | -16.7 | -61.5 | 75 | 85 | -11.8 |
| British Columbia | 31 | 21 | 33 | 47.6 | -6.1 | 270 | 258 | 4.7 |
| Bankruptcies | 19 | 16 | 24 | 18.8 | -20.8 | 190 | 199 | -4.5 |
| Proposals | 12 | 5 | 9 | 140.0 | 33.3 | 80 | 59 | 35.6 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Yukon | 2 | 0 | 0 | -- | -- | 3 | 1 | 200.0 |
| Bankruptcies | 2 | 0 | 0 | -- | -- | 3 | 1 | 200.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 396 | 319 | 403 | 24.1 | -1.7 | 4,295 | 4,820 | -10.9 |
| Bankruptcies | 278 | 240 | 304 | 15.8 | -8.6 | 3,175 | 3,651 | -13.0 |
| Proposals | 118 | 79 | 99 | 49.4 | 19.2 | 1,120 | 1,169 | -4.2 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Feb. 2013 | Jan. 2013 | Feb. 2012 | Jan. 2013 to Feb. 2013 | Feb. 2012 to Feb. 2013 | 02-28-2013 | 02-29-2012 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 9 | 10 | 13 | -10.0 | -30.8 | 112 | 136 | -17.6 |
| Bankruptcies | 7 | 6 | 11 | 16.7 | -36.4 | 81 | 96 | -15.6 |
| Proposals | 2 | 4 | 2 | -50.0 | 0.0 | 31 | 40 | -22.5 |
| Mining and Oil and Gas Extraction | 0 | 0 | 0 | -- | -- | 34 | 20 | 70.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 26 | 14 | 85.7 |
| Proposals | 0 | 0 | 0 | -- | -- | 8 | 6 | 33.3 |
| Utilities | 4 | 1 | 0 | 300.0 | -- | 22 | 17 | 29.4 |
| Bankruptcies | 3 | 0 | 0 | -- | -- | 12 | 12 | 0.0 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 10 | 5 | 100.0 |
| Construction | 87 | 51 | 70 | 70.6 | 24.3 | 824 | 797 | 3.4 |
| Bankruptcies | 57 | 38 | 48 | 50.0 | 18.8 | 599 | 615 | -2.6 |
| Proposals | 30 | 13 | 22 | 130.8 | 36.4 | 225 | 182 | 23.6 |
| Manufacturing | 35 | 35 | 40 | 0.0 | -12.5 | 423 | 568 | -25.5 |
| Bankruptcies | 22 | 22 | 31 | 0.0 | -29.0 | 290 | 407 | -28.7 |
| Proposals | 13 | 13 | 9 | 0.0 | 44.4 | 133 | 161 | -17.4 |
| Wholesale Trade | 26 | 15 | 21 | 73.3 | 23.8 | 238 | 267 | -10.9 |
| Bankruptcies | 18 | 13 | 15 | 38.5 | 20.0 | 174 | 203 | -14.3 |
| Proposals | 8 | 2 | 6 | 300.0 | 33.3 | 64 | 64 | 0.0 |
| Retail Trade | 50 | 43 | 41 | 16.3 | 22.0 | 569 | 633 | -10.1 |
| Bankruptcies | 36 | 36 | 31 | 0.0 | 16.1 | 438 | 485 | -9.7 |
| Proposals | 14 | 7 | 10 | 100.0 | 40.0 | 131 | 148 | -11.5 |
| Transportation and Warehousing | 18 | 24 | 20 | -25.0 | -10.0 | 258 | 309 | -16.5 |
| Bankruptcies | 12 | 19 | 16 | -36.8 | -25.0 | 209 | 253 | -17.4 |
| Proposals | 6 | 5 | 4 | 20.0 | 50.0 | 49 | 56 | -12.5 |
| Information and Cultural Industries | 4 | 2 | 5 | 100.0 | -20.0 | 61 | 74 | -17.6 |
| Bankruptcies | 4 | 1 | 5 | 300.0 | -20.0 | 51 | 53 | -3.8 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 10 | 21 | -52.4 |
| Finance and Insurance | 11 | 7 | 9 | 57.1 | 22.2 | 77 | 104 | -26.0 |
| Bankruptcies | 10 | 5 | 8 | 100.0 | 25.0 | 64 | 77 | -16.9 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 13 | 27 | -51.9 |
| Real Estate and Rental and Leasing | 13 | 4 | 16 | 225.0 | -18.8 | 109 | 128 | -14.8 |
| Bankruptcies | 10 | 2 | 11 | 400.0 | -9.1 | 73 | 95 | -23.2 |
| Proposals | 3 | 2 | 5 | 50.0 | -40.0 | 36 | 33 | 9.1 |
| Professional, Scientific and Technical Services | 25 | 17 | 30 | 47.1 | -16.7 | 260 | 308 | -15.6 |
| Bankruptcies | 20 | 13 | 21 | 53.8 | -4.8 | 191 | 207 | -7.7 |
| Proposals | 5 | 4 | 9 | 25.0 | -44.4 | 69 | 101 | -31.7 |
| Management of Companies and Enterprises | 4 | 1 | 7 | 300.0 | -42.9 | 58 | 60 | -3.3 |
| Bankruptcies | 3 | 1 | 5 | 200.0 | -40.0 | 47 | 49 | -4.1 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 11 | 11 | 0.0 |
| Administrative and Support, Waste Management and Remediation Services | 11 | 21 | 26 | -47.6 | -57.7 | 192 | 229 | -16.2 |
| Bankruptcies | 8 | 17 | 17 | -52.9 | -52.9 | 142 | 172 | -17.4 |
| Proposals | 3 | 4 | 9 | -25.0 | -66.7 | 50 | 57 | -12.3 |
| Educational Services | 3 | 3 | 6 | 0.0 | -50.0 | 31 | 34 | -8.8 |
| Bankruptcies | 1 | 3 | 5 | -66.7 | -80.0 | 25 | 25 | 0.0 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 6 | 9 | -33.3 |
| Health Care and Social Assistance | 6 | 3 | 3 | 100.0 | 100.0 | 53 | 83 | -36.1 |
| Bankruptcies | 4 | 2 | 2 | 100.0 | 100.0 | 42 | 61 | -31.1 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 11 | 22 | -50.0 |
| Arts, Entertainment and Recreation | 9 | 6 | 10 | 50.0 | -10.0 | 80 | 89 | -10.1 |
| Bankruptcies | 8 | 4 | 9 | 100.0 | -11.1 | 63 | 77 | -18.2 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 17 | 12 | 41.7 |
| Accommodation and Food Services | 59 | 53 | 57 | 11.3 | 3.5 | 626 | 668 | -6.3 |
| Bankruptcies | 40 | 37 | 45 | 8.1 | -11.1 | 434 | 513 | -15.4 |
| Proposals | 19 | 16 | 12 | 18.8 | 58.3 | 192 | 155 | 23.9 |
| Other Services (except Public Administration) | 22 | 23 | 29 | -4.3 | -24.1 | 265 | 291 | -8.9 |
| Bankruptcies | 15 | 21 | 24 | -28.6 | -37.5 | 212 | 233 | -9.0 |
| Proposals | 7 | 2 | 5 | 250.0 | 40.0 | 53 | 58 | -8.6 |
| Public Administration | 0 | 0 | 0 | -- | -- | 3 | 4 | -25.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
| Total | 396 | 319 | 403 | 24.1 | -1.7 | 4,295 | 4,820 | -10.9 |
| Bankruptcies | 278 | 240 | 304 | 15.8 | -8.6 | 3,175 | 3,651 | -13.0 |
| Proposals | 118 | 79 | 99 | 49.4 | 19.2 | 1,120 | 1,169 | -4.2 |