Insolvency Statistics in Canada—November 2013

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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 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.
Table 1: Total Insolvencies
Volume% Change12-Month Period Ending
Nov. 2013Oct. 2013Nov. 2012Oct. 2013
to
Nov. 2013
Nov. 2012
to
Nov. 2013
11-30-201311-30-2012% Change
Newfoundland and Labrador1471431242.818.51,7191,783-3.6
Bankruptcies1281261121.614.31,5591,636-4.7
Proposals19171211.858.31601478.8
Prince Edward Island63515423.516.7628633-0.8
Bankruptcies45354128.69.8462474-2.5
Proposals18161312.538.51661594.4
Nova Scotia362463397-21.8-8.84,7044,4844.9
Bankruptcies265333277-20.4-4.33,3223,405-2.4
Proposals97130120-25.4-19.21,3821,07928.1
New Brunswick363387315-6.215.24,0143,9431.8
Bankruptcies254269248-5.62.42,9092,987-2.6
Proposals10911867-7.662.71,10595615.6
Quebec3,5324,0103,505-11.90.841,60338,3068.6
Bankruptcies2,1542,5142,334-14.3-7.726,63526,2281.6
Proposals1,3781,4961,171-7.917.714,96812,07823.9
Ontario3,7254,0754,183-8.6-10.945,50949,526-8.1
Bankruptcies1,8872,0712,078-8.9-9.222,79324,768-8.0
Proposals1,8382,0042,105-8.3-12.722,71624,758-8.2
Manitoba17015318411.1-7.61,8701,959-4.5
Bankruptcies1131031309.7-13.11,2361,340-7.8
Proposals57505414.05.66346192.4
Saskatchewan1581551281.923.41,7991,869-3.7
Bankruptcies909575-5.320.01,0981,103-0.5
Proposals68605313.328.3701766-8.5
Alberta629731765-14.0-17.88,5119,638-11.7
Bankruptcies331398435-16.8-23.94,8906,128-20.2
Proposals298333330-10.5-9.73,6213,5103.2
British Columbia1,0101,109949-8.96.412,05412,061-0.1
Bankruptcies587683606-14.1-3.17,3257,812-6.2
Proposals423426343-0.723.34,7294,24911.3
Northwest Territories582-37.5150.05155-7.3
Bankruptcies342-25.050.03032-6.3
Proposals240-50.0--2123-8.7
Yukon626200.00.02941-29.3
Bankruptcies515400.00.02126-19.2
Proposals1110.00.0815-46.7
Nunavut1100.0--5425.0
Bankruptcies100----31200.0
Proposals010-100.0--23-33.3
Canada10,17111,28810,612-9.9-4.2122,496124,302-1.5
Bankruptcies5,8636,6326,343-11.6-7.672,28375,940-4.8
Proposals4,3084,6564,269-7.50.950,21348,3623.8
Table 2: Insolvencies Filed by Consumers
Volume% Change12-Month Period Ending
Nov. 2013Oct. 2013Nov. 2012Oct. 2013
to
Nov. 2013
Nov. 2012
to
Nov. 2013
11-30-201311-30-2012% Change
Newfoundland and Labrador1461411233.518.71,6901,764-4.2
Bankruptcies1271241112.414.41,5411,621-4.9
Proposals19171211.858.31491434.2
Prince Edward Island62495426.514.8607617-1.6
Bankruptcies44334133.37.3445462-3.7
Proposals18161312.538.51621554.5
Nova Scotia351452382-22.3-8.14,5934,3755.0
Bankruptcies259326267-20.6-3.03,2383,316-2.4
Proposals92126115-27.0-20.01,3551,05928.0
New Brunswick348383312-9.111.53,9363,8761.5
Bankruptcies242266245-9.0-1.22,8492,938-3.0
Proposals10611767-9.458.21,08793815.9
Quebec3,3603,8113,330-11.80.939,45036,3038.7
Bankruptcies2,0342,3632,204-13.9-7.725,05524,7571.2
Proposals1,3261,4481,126-8.417.814,39511,54624.7
Ontario3,6403,9684,061-8.3-10.444,30748,106-7.9
Bankruptcies1,8181,9891,983-8.6-8.321,84623,681-7.7
Proposals1,8221,9792,078-7.9-12.322,46124,425-8.0
Manitoba16514617913.0-7.81,8051,906-5.3
Bankruptcies1119812613.3-11.91,1831,301-9.1
Proposals54485312.51.96226052.8
Saskatchewan140150121-6.715.71,6801,738-3.3
Bankruptcies839169-8.820.31,0301,0210.9
Proposals575952-3.49.6650717-9.3
Alberta619711738-12.9-16.18,3189,325-10.8
Bankruptcies323383420-15.7-23.14,7515,896-19.4
Proposals296328318-9.8-6.93,5673,4294.0
British Columbia9861,089924-9.56.711,79311,7880.0
Bankruptcies568672590-15.5-3.77,1317,618-6.4
Proposals4184173340.225.14,6624,17011.8
Northwest Territories582-37.5150.05154-5.6
Bankruptcies342-25.050.03032-6.3
Proposals240-50.0--2122-4.5
Yukon626200.00.02740-32.5
Bankruptcies515400.00.01925-24.0
Proposals1110.00.0815-46.7
Nunavut1100.0--5366.7
Bankruptcies100----30--
Proposals010-100.0--23-33.3
Canada9,82910,91110,232-9.9-3.9118,262119,895-1.4
Bankruptcies5,6186,3506,063-11.5-7.369,12172,668-4.9
Proposals4,2114,5614,169-7.71.049,14147,2274.1
Table 3: Insolvencies Filed by Businesses
Volume% Change12-Month Period Ending
Nov. 2013Oct. 2013Nov. 2012Oct. 2013
to
Nov. 2013
Nov. 2012
to
Nov. 2013
11-30-201311-30-2012% Change
Newfoundland and Labrador121-50.00.0291952.6
Bankruptcies121-50.00.0181520.0
Proposals000----114175.0
Prince Edward Island120-50.0--211631.3
Bankruptcies120-50.0--171241.7
Proposals000----440.0
Nova Scotia1111150.0-26.71111091.8
Bankruptcies6710-14.3-40.08489-5.6
Proposals54525.00.0272035.0
New Brunswick1543275.0400.0786716.4
Bankruptcies1233300.0300.0604922.4
Proposals310200.0--18180.0
Quebec172199175-13.6-1.72,1532,0037.5
Bankruptcies120151130-20.5-7.71,5801,4717.4
Proposals5248458.315.65735327.7
Ontario85107122-20.6-30.31,2021,420-15.4
Bankruptcies698295-15.9-27.49471,087-12.9
Proposals162527-36.0-40.7255333-23.4
Manitoba575-28.60.0655322.6
Bankruptcies254-60.0-50.0533935.9
Proposals32150.0200.01214-14.3
Saskatchewan1857260.0157.1119131-9.2
Bankruptcies74675.016.76882-17.1
Proposals11111,000.01,000.051494.1
Alberta102027-50.0-63.0193313-38.3
Bankruptcies81515-46.7-46.7139232-40.1
Proposals2512-60.0-83.35481-33.3
British Columbia24202520.0-4.0261273-4.4
Bankruptcies19111672.718.81941940.0
Proposals599-44.4-44.46779-15.2
Northwest Territories000----01-100.0
Bankruptcies000----00--
Proposals000----01-100.0
Yukon000----21100.0
Bankruptcies000----21100.0
Proposals000----00--
Nunavut000----01-100.0
Bankruptcies000----01-100.0
Proposals000----00--
Canada342377380-9.3-10.04,2344,407-3.9
Bankruptcies245282280-13.1-12.53,1623,272-3.4
Proposals97951002.1-3.01,0721,135-5.6
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Volume% Change12-Month Period Ending
Nov. 2013Oct. 2013Nov. 2012Oct. 2013
to
Nov. 2013
Nov. 2012
to
Nov. 2013
11-30-201311-30-2012% Change
Agriculture, Forestry, Fishing and Hunting13101030.030.012611311.5
Bankruptcies87614.333.387843.6
Proposals53466.725.0392934.5
Mining and Oil and Gas Extraction634100.050.0383026.7
Bankruptcies022-100.0-100.01823-21.7
Proposals612500.0200.0207185.7
Utilities011-100.0-100.0918-50.0
Bankruptcies000----311-72.7
Proposals011-100.0-100.067-14.3
Construction5757750.0-24.0735840-12.5
Bankruptcies414352-4.7-21.2551615-10.4
Proposals16142314.3-30.4184225-18.2
Manufacturing274237-35.7-27.0414455-9.0
Bankruptcies223230-31.3-26.7293325-9.8
Proposals5107-50.0-28.6121130-6.9
Wholesale Trade202622-23.1-9.1230237-3.0
Bankruptcies121918-36.8-33.3164175-6.3
Proposals87414.3100.066626.5
Retail Trade4845436.711.6521585-10.9
Bankruptcies363735-2.72.9412439-6.2
Proposals128850.050.0109146-25.3
Transportation and Warehousing21142650.0-19.2244259-5.8
Bankruptcies17122441.7-29.2193208-7.2
Proposals422100.0100.051510.0
Information and Cultural Industries315200.0-40.05258-10.3
Bankruptcies1150.0-80.04450-12.0
Proposals200----880.0
Finance and Insurance577-28.6-28.680756.7
Bankruptcies4470.0-42.966643.1
Proposals130-66.7--141127.3
Real Estate and Rental and Leasing16228-27.3100.014810738.3
Bankruptcies12143-14.3300.01146965.2
Proposals485-50.0-20.03438-10.5
Professional, Scientific and Technical Services232929-20.7-20.730427510.5
Bankruptcies142321-39.1-33.322119612.8
Proposals96850.012.583795.1
Management of Companies and Enterprises53566.70.067661.5
Bankruptcies32250.050.04753-11.3
Proposals213100.0-33.3201353.8
Administrative and Support, Waste Management and Remediation Services91617-43.8-47.1194207-6.3
Bankruptcies71011-30.0-36.4145147-1.4
Proposals266-66.7-66.74960-18.3
Educational Services152-80.0-50.0363212.5
Bankruptcies142-75.0-50.027270.0
Proposals010-100.0--9580.0
Health Care and Social Assistance106266.7400.0645418.5
Bankruptcies932200.0350.0504316.3
Proposals130-66.7--141127.3
Arts, Entertainment and Recreation44110.0-63.680782.6
Bankruptcies348-25.0-62.5696211.3
Proposals103---66.71116-31.3
Accommodation and Food Services525548-5.58.3640645-0.8
Bankruptcies3838340.011.84614580.7
Proposals141714-17.60.0179187-4.3
Other Services (except Public Administration)223128-29.0-21.4252270-6.7
Bankruptcies172718-37.0-5.6197221-10.9
Proposals541025.0-50.0554912.2
Public Administration000----03-100.0
Bankruptcies000----02-100.0
Proposals000----01-100.0
Total342377380-9.3-10.04,2344,407-3.9
Bankruptcies245282280-13.1-12.53,1623,272-3.4
Proposals97951002.1-3.01,0721,135-5.6