Insolvency Statistics in Canada—January 2014

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Detailed report

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
Jan. 2014Dec. 2013Jan. 2013Dec. 2013
to
Jan. 2014
Jan. 2013
to
Jan. 2014
01-31-201401-31-2013% Change
Newfoundland and Labrador1108814325.0-23.11,6771,794-6.5
Bankruptcies1017813429.5-24.61,5121,654-8.6
Proposals9109-10.00.016514017.9
Prince Edward Island64565014.328.06546362.8
Bankruptcies48344241.214.3464490-5.3
Proposals16228-27.3100.019014630.1
Nova Scotia302319320-5.3-5.64,7534,4107.8
Bankruptcies198239225-17.2-12.03,3523,2901.9
Proposals104809530.09.51,4011,12025.1
New Brunswick31026529317.05.84,0543,9063.8
Bankruptcies21519022613.2-4.92,8992,949-1.7
Proposals95756726.741.81,15595720.7
Quebec3,4512,8883,32019.53.942,25838,35010.2
Bankruptcies2,0971,7602,15519.1-2.726,75426,0022.9
Proposals1,3541,1281,16520.016.215,50412,34825.6
Ontario3,1133,1603,604-1.5-13.644,86348,732-7.9
Bankruptcies1,4151,6511,691-14.3-16.322,45524,235-7.3
Proposals1,6981,5091,91312.5-11.222,40824,497-8.5
Manitoba122177124-31.1-1.61,9171,9040.7
Bankruptcies7612487-38.7-12.61,2581,301-3.3
Proposals465337-13.224.36596039.3
Saskatchewan16612513232.825.81,8391,8161.3
Bankruptcies99778328.619.31,1221,0685.1
Proposals67484939.636.7717748-4.1
Alberta64455675115.8-14.28,3459,460-11.8
Bankruptcies34329845615.1-24.84,7135,908-20.2
Proposals30125829516.72.03,6323,5522.3
British Columbia8598169275.3-7.311,98912,003-0.1
Bankruptcies499525605-5.0-17.57,2137,791-7.4
Proposals36029132223.711.84,7764,21213.4
Northwest Territories052-100.0-100.04952-5.8
Bankruptcies041-100.0-100.030293.4
Proposals011-100.0-100.01923-17.4
Yukon53066.7--36360.0
Bankruptcies520150.0--272317.4
Proposals010-100.0--913-30.8
Nunavut200----7475.0
Bankruptcies200----51400.0
Proposals000----23-33.3
Canada9,1488,4589,6668.2-5.4122,441123,103-0.5
Bankruptcies5,0984,9825,7052.3-10.671,80474,741-3.9
Proposals4,0503,4763,96116.52.250,63748,3624.7
Table 2: Insolvencies Filed by Consumers
Volume% Change12-Month Period Ending
Jan. 2014Dec. 2013Jan. 2013Dec. 2013
to
Jan. 2014
Jan. 2013
to
Jan. 2014
01-31-201401-31-2013% Change
Newfoundland and Labrador1068513824.7-23.21,6461,772-7.1
Bankruptcies987513130.7-25.21,4911,638-9.0
Proposals8107-20.014.315513415.7
Prince Edward Island64534720.836.26346192.4
Bankruptcies48323950.023.1449474-5.3
Proposals16218-23.8100.018514527.6
Nova Scotia298314309-5.1-3.64,6494,2998.1
Bankruptcies195234216-16.7-9.73,2743,1992.3
Proposals103809328.810.81,3751,10025.0
New Brunswick30525728718.76.33,9733,8373.5
Bankruptcies21018222215.4-5.42,8342,899-2.2
Proposals95756526.746.21,13993821.4
Quebec3,2862,6953,17021.93.740,06336,35110.2
Bankruptcies1,9701,6172,04621.8-3.725,14524,5262.5
Proposals1,3161,0781,12422.117.114,91811,82526.2
Ontario3,0133,0503,509-1.2-14.143,63847,394-7.9
Bankruptcies1,3421,5651,613-14.2-16.821,50223,206-7.3
Proposals1,6711,4851,89612.5-11.922,13624,188-8.5
Manitoba118171118-31.00.01,8521,853-0.1
Bankruptcies7211882-39.0-12.21,2041,263-4.7
Proposals465336-13.227.86485909.8
Saskatchewan14812512618.417.51,7121,6990.8
Bankruptcies87778013.08.71,0451,0004.5
Proposals61484627.132.6667699-4.6
Alberta63653173519.8-13.58,1599,157-10.9
Bankruptcies33628444618.3-24.74,5795,688-19.5
Proposals30024728921.53.83,5803,4693.2
British Columbia8448019065.4-6.811,74011,7310.1
Bankruptcies486512589-5.1-17.57,0277,596-7.5
Proposals35828931723.912.94,7134,13514.0
Northwest Territories052-100.0-100.04951-3.9
Bankruptcies041-100.0-100.030293.4
Proposals011-100.0-100.01922-13.6
Yukon53066.7--3435-2.9
Bankruptcies520150.0--252213.6
Proposals010-100.0--913-30.8
Nunavut200----73133.3
Bankruptcies200----50--
Proposals000----23-33.3
Canada8,8258,0909,3479.1-5.6118,156118,801-0.5
Bankruptcies4,8514,7025,4653.2-11.268,61071,540-4.1
Proposals3,9743,3883,88217.32.449,54647,2614.8
Table 3: Insolvencies Filed by Businesses
Volume% Change12-Month Period Ending
Jan. 2014Dec. 2013Jan. 2013Dec. 2013
to
Jan. 2014
Jan. 2013
to
Jan. 2014
01-31-201401-31-2013% Change
Newfoundland and Labrador43533.3-20.0312240.9
Bankruptcies3330.00.0211631.3
Proposals102---50.010666.7
Prince Edward Island033-100.0-100.0201717.6
Bankruptcies023-100.0-100.01516-6.3
Proposals010-100.0--51400.0
Nova Scotia4511-20.0-63.6104111-6.3
Bankruptcies359-40.0-66.77891-14.3
Proposals102---50.0262030.0
New Brunswick586-37.5-16.7816917.4
Bankruptcies584-37.525.0655030.0
Proposals002---100.01619-15.8
Quebec165193150-14.510.02,1951,9999.8
Bankruptcies127143109-11.216.51,6091,4769.0
Proposals385041-24.0-7.358652312.0
Ontario10011095-9.15.31,2251,338-8.4
Bankruptcies738678-15.1-6.49531,029-7.4
Proposals27241712.558.8272309-12.0
Manitoba466-33.3-33.3655127.5
Bankruptcies465-33.3-20.0543842.1
Proposals001---100.01113-15.4
Saskatchewan1806--200.01271178.5
Bankruptcies1203--300.0776813.2
Proposals603--100.050492.0
Alberta82516-68.0-50.0186303-38.6
Bankruptcies71410-50.0-30.0134220-39.1
Proposals1116-90.9-83.35283-37.3
British Columbia1515210.0-28.6249272-8.5
Bankruptcies1313160.0-18.8186195-4.6
Proposals2250.0-60.06377-18.2
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--
Canada323368319-12.21.34,2854,302-0.4
Bankruptcies247280240-11.82.93,1943,201-0.2
Proposals768879-13.6-3.81,0911,101-0.9
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Volume% Change12-Month Period Ending
Jan. 2014Dec. 2013Jan. 2013Dec. 2013
to
Jan. 2014
Jan. 2013
to
Jan. 2014
01-31-201401-31-2013% Change
Agriculture, Forestry, Fishing and Hunting91310-30.8-10.013211613.8
Bankruptcies8116-27.333.3958511.8
Proposals124-50.0-75.0373119.4
Mining and Oil and Gas Extraction32050.0--36345.9
Bankruptcies2200.0--1726-34.6
Proposals100----198137.5
Utilities131-66.70.01018-44.4
Bankruptcies120-50.0--69-33.3
Proposals011-100.0-100.049-55.6
Construction6562514.827.5762807-5.6
Bankruptcies505138-2.031.6576590-2.4
Proposals15111336.415.4186217-14.3
Manufacturing323935-17.9-8.6420428-1.9
Bankruptcies242522-4.09.1297299-0.7
Proposals81413-42.9-38.5123129-4.7
Wholesale Trade212315-8.740.02372331.7
Bankruptcies16121333.323.1164171-4.1
Proposals5112-54.5150.0736217.7
Retail Trade454643-2.24.7530560-5.4
Bankruptcies394136-4.98.3424433-2.1
Proposals65720.0-14.3106127-16.5
Transportation and Warehousing151624-6.3-37.5228260-12.3
Bankruptcies111519-26.7-42.1179213-16.0
Proposals415300.0-20.049474.3
Information and Cultural Industries592-44.4150.05562-11.3
Bankruptcies361-50.0200.04452-15.4
Proposals231-33.3100.0111010.0
Finance and Insurance357-40.0-57.17475-1.3
Bankruptcies32550.0-40.06162-1.6
Proposals032-100.0-100.013130.0
Real Estate and Rental and Leasing9124-25.0125.014911233.0
Bankruptcies692-33.3200.01137452.7
Proposals3320.050.03638-5.3
Professional, Scientific and Technical Services152217-31.8-11.830226514.0
Bankruptcies91713-47.1-30.821519212.0
Proposals65420.050.0877319.2
Management of Companies and Enterprises561-16.7400.0736119.7
Bankruptcies521150.0400.050492.0
Proposals040-100.0--231291.7
Administrative and Support, Waste Management and Remediation Services82021-60.0-61.9186207-10.1
Bankruptcies51517-66.7-70.6136151-9.9
Proposals354-40.0-25.05056-10.7
Educational Services213100.0-33.334340.0
Bankruptcies213100.0-33.32529-13.8
Proposals000----9580.0
Health Care and Social Assistance173-85.7-66.7655030.0
Bankruptcies142-75.0-50.0504025.0
Proposals031-100.0-100.0151050.0
Arts, Entertainment and Recreation176-85.7-83.37681-6.2
Bankruptcies154-80.0-75.065641.6
Proposals022-100.0-100.01117-35.3
Accommodation and Food Services64575312.320.86716247.5
Bankruptcies4746372.227.049043911.6
Proposals17111654.56.3181185-2.2
Other Services (except Public Administration)1918235.6-17.4245272-9.9
Bankruptcies1414210.0-33.3187221-15.4
Proposals54225.0150.0585113.7
Public Administration000----03-100.0
Bankruptcies000----02-100.0
Proposals000----01-100.0
Total323368319-12.21.34,2854,302-0.4
Bankruptcies247280240-11.82.93,1943,201-0.2
Proposals768879-13.6-3.81,0911,101-0.9