Detailed report
PDF version
Insolvency Statistics in Canada—January 2014
495 KB, 7 pages
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.
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Jan. 2014 | Dec. 2013 | Jan. 2013 | Dec. 2013 to Jan. 2014 | Jan. 2013 to Jan. 2014 | 01-31-2014 | 01-31-2013 | % Change | |
Newfoundland and Labrador | 110 | 88 | 143 | 25.0 | -23.1 | 1,677 | 1,794 | -6.5 |
Bankruptcies | 101 | 78 | 134 | 29.5 | -24.6 | 1,512 | 1,654 | -8.6 |
Proposals | 9 | 10 | 9 | -10.0 | 0.0 | 165 | 140 | 17.9 |
Prince Edward Island | 64 | 56 | 50 | 14.3 | 28.0 | 654 | 636 | 2.8 |
Bankruptcies | 48 | 34 | 42 | 41.2 | 14.3 | 464 | 490 | -5.3 |
Proposals | 16 | 22 | 8 | -27.3 | 100.0 | 190 | 146 | 30.1 |
Nova Scotia | 302 | 319 | 320 | -5.3 | -5.6 | 4,753 | 4,410 | 7.8 |
Bankruptcies | 198 | 239 | 225 | -17.2 | -12.0 | 3,352 | 3,290 | 1.9 |
Proposals | 104 | 80 | 95 | 30.0 | 9.5 | 1,401 | 1,120 | 25.1 |
New Brunswick | 310 | 265 | 293 | 17.0 | 5.8 | 4,054 | 3,906 | 3.8 |
Bankruptcies | 215 | 190 | 226 | 13.2 | -4.9 | 2,899 | 2,949 | -1.7 |
Proposals | 95 | 75 | 67 | 26.7 | 41.8 | 1,155 | 957 | 20.7 |
Quebec | 3,451 | 2,888 | 3,320 | 19.5 | 3.9 | 42,258 | 38,350 | 10.2 |
Bankruptcies | 2,097 | 1,760 | 2,155 | 19.1 | -2.7 | 26,754 | 26,002 | 2.9 |
Proposals | 1,354 | 1,128 | 1,165 | 20.0 | 16.2 | 15,504 | 12,348 | 25.6 |
Ontario | 3,113 | 3,160 | 3,604 | -1.5 | -13.6 | 44,863 | 48,732 | -7.9 |
Bankruptcies | 1,415 | 1,651 | 1,691 | -14.3 | -16.3 | 22,455 | 24,235 | -7.3 |
Proposals | 1,698 | 1,509 | 1,913 | 12.5 | -11.2 | 22,408 | 24,497 | -8.5 |
Manitoba | 122 | 177 | 124 | -31.1 | -1.6 | 1,917 | 1,904 | 0.7 |
Bankruptcies | 76 | 124 | 87 | -38.7 | -12.6 | 1,258 | 1,301 | -3.3 |
Proposals | 46 | 53 | 37 | -13.2 | 24.3 | 659 | 603 | 9.3 |
Saskatchewan | 166 | 125 | 132 | 32.8 | 25.8 | 1,839 | 1,816 | 1.3 |
Bankruptcies | 99 | 77 | 83 | 28.6 | 19.3 | 1,122 | 1,068 | 5.1 |
Proposals | 67 | 48 | 49 | 39.6 | 36.7 | 717 | 748 | -4.1 |
Alberta | 644 | 556 | 751 | 15.8 | -14.2 | 8,345 | 9,460 | -11.8 |
Bankruptcies | 343 | 298 | 456 | 15.1 | -24.8 | 4,713 | 5,908 | -20.2 |
Proposals | 301 | 258 | 295 | 16.7 | 2.0 | 3,632 | 3,552 | 2.3 |
British Columbia | 859 | 816 | 927 | 5.3 | -7.3 | 11,989 | 12,003 | -0.1 |
Bankruptcies | 499 | 525 | 605 | -5.0 | -17.5 | 7,213 | 7,791 | -7.4 |
Proposals | 360 | 291 | 322 | 23.7 | 11.8 | 4,776 | 4,212 | 13.4 |
Northwest Territories | 0 | 5 | 2 | -100.0 | -100.0 | 49 | 52 | -5.8 |
Bankruptcies | 0 | 4 | 1 | -100.0 | -100.0 | 30 | 29 | 3.4 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 19 | 23 | -17.4 |
Yukon | 5 | 3 | 0 | 66.7 | -- | 36 | 36 | 0.0 |
Bankruptcies | 5 | 2 | 0 | 150.0 | -- | 27 | 23 | 17.4 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 9 | 13 | -30.8 |
Nunavut | 2 | 0 | 0 | -- | -- | 7 | 4 | 75.0 |
Bankruptcies | 2 | 0 | 0 | -- | -- | 5 | 1 | 400.0 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
Canada | 9,148 | 8,458 | 9,666 | 8.2 | -5.4 | 122,441 | 123,103 | -0.5 |
Bankruptcies | 5,098 | 4,982 | 5,705 | 2.3 | -10.6 | 71,804 | 74,741 | -3.9 |
Proposals | 4,050 | 3,476 | 3,961 | 16.5 | 2.2 | 50,637 | 48,362 | 4.7 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Jan. 2014 | Dec. 2013 | Jan. 2013 | Dec. 2013 to Jan. 2014 | Jan. 2013 to Jan. 2014 | 01-31-2014 | 01-31-2013 | % Change | |
Newfoundland and Labrador | 106 | 85 | 138 | 24.7 | -23.2 | 1,646 | 1,772 | -7.1 |
Bankruptcies | 98 | 75 | 131 | 30.7 | -25.2 | 1,491 | 1,638 | -9.0 |
Proposals | 8 | 10 | 7 | -20.0 | 14.3 | 155 | 134 | 15.7 |
Prince Edward Island | 64 | 53 | 47 | 20.8 | 36.2 | 634 | 619 | 2.4 |
Bankruptcies | 48 | 32 | 39 | 50.0 | 23.1 | 449 | 474 | -5.3 |
Proposals | 16 | 21 | 8 | -23.8 | 100.0 | 185 | 145 | 27.6 |
Nova Scotia | 298 | 314 | 309 | -5.1 | -3.6 | 4,649 | 4,299 | 8.1 |
Bankruptcies | 195 | 234 | 216 | -16.7 | -9.7 | 3,274 | 3,199 | 2.3 |
Proposals | 103 | 80 | 93 | 28.8 | 10.8 | 1,375 | 1,100 | 25.0 |
New Brunswick | 305 | 257 | 287 | 18.7 | 6.3 | 3,973 | 3,837 | 3.5 |
Bankruptcies | 210 | 182 | 222 | 15.4 | -5.4 | 2,834 | 2,899 | -2.2 |
Proposals | 95 | 75 | 65 | 26.7 | 46.2 | 1,139 | 938 | 21.4 |
Quebec | 3,286 | 2,695 | 3,170 | 21.9 | 3.7 | 40,063 | 36,351 | 10.2 |
Bankruptcies | 1,970 | 1,617 | 2,046 | 21.8 | -3.7 | 25,145 | 24,526 | 2.5 |
Proposals | 1,316 | 1,078 | 1,124 | 22.1 | 17.1 | 14,918 | 11,825 | 26.2 |
Ontario | 3,013 | 3,050 | 3,509 | -1.2 | -14.1 | 43,638 | 47,394 | -7.9 |
Bankruptcies | 1,342 | 1,565 | 1,613 | -14.2 | -16.8 | 21,502 | 23,206 | -7.3 |
Proposals | 1,671 | 1,485 | 1,896 | 12.5 | -11.9 | 22,136 | 24,188 | -8.5 |
Manitoba | 118 | 171 | 118 | -31.0 | 0.0 | 1,852 | 1,853 | -0.1 |
Bankruptcies | 72 | 118 | 82 | -39.0 | -12.2 | 1,204 | 1,263 | -4.7 |
Proposals | 46 | 53 | 36 | -13.2 | 27.8 | 648 | 590 | 9.8 |
Saskatchewan | 148 | 125 | 126 | 18.4 | 17.5 | 1,712 | 1,699 | 0.8 |
Bankruptcies | 87 | 77 | 80 | 13.0 | 8.7 | 1,045 | 1,000 | 4.5 |
Proposals | 61 | 48 | 46 | 27.1 | 32.6 | 667 | 699 | -4.6 |
Alberta | 636 | 531 | 735 | 19.8 | -13.5 | 8,159 | 9,157 | -10.9 |
Bankruptcies | 336 | 284 | 446 | 18.3 | -24.7 | 4,579 | 5,688 | -19.5 |
Proposals | 300 | 247 | 289 | 21.5 | 3.8 | 3,580 | 3,469 | 3.2 |
British Columbia | 844 | 801 | 906 | 5.4 | -6.8 | 11,740 | 11,731 | 0.1 |
Bankruptcies | 486 | 512 | 589 | -5.1 | -17.5 | 7,027 | 7,596 | -7.5 |
Proposals | 358 | 289 | 317 | 23.9 | 12.9 | 4,713 | 4,135 | 14.0 |
Northwest Territories | 0 | 5 | 2 | -100.0 | -100.0 | 49 | 51 | -3.9 |
Bankruptcies | 0 | 4 | 1 | -100.0 | -100.0 | 30 | 29 | 3.4 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 19 | 22 | -13.6 |
Yukon | 5 | 3 | 0 | 66.7 | -- | 34 | 35 | -2.9 |
Bankruptcies | 5 | 2 | 0 | 150.0 | -- | 25 | 22 | 13.6 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 9 | 13 | -30.8 |
Nunavut | 2 | 0 | 0 | -- | -- | 7 | 3 | 133.3 |
Bankruptcies | 2 | 0 | 0 | -- | -- | 5 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
Canada | 8,825 | 8,090 | 9,347 | 9.1 | -5.6 | 118,156 | 118,801 | -0.5 |
Bankruptcies | 4,851 | 4,702 | 5,465 | 3.2 | -11.2 | 68,610 | 71,540 | -4.1 |
Proposals | 3,974 | 3,388 | 3,882 | 17.3 | 2.4 | 49,546 | 47,261 | 4.8 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Jan. 2014 | Dec. 2013 | Jan. 2013 | Dec. 2013 to Jan. 2014 | Jan. 2013 to Jan. 2014 | 01-31-2014 | 01-31-2013 | % Change | |
Newfoundland and Labrador | 4 | 3 | 5 | 33.3 | -20.0 | 31 | 22 | 40.9 |
Bankruptcies | 3 | 3 | 3 | 0.0 | 0.0 | 21 | 16 | 31.3 |
Proposals | 1 | 0 | 2 | -- | -50.0 | 10 | 6 | 66.7 |
Prince Edward Island | 0 | 3 | 3 | -100.0 | -100.0 | 20 | 17 | 17.6 |
Bankruptcies | 0 | 2 | 3 | -100.0 | -100.0 | 15 | 16 | -6.3 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 5 | 1 | 400.0 |
Nova Scotia | 4 | 5 | 11 | -20.0 | -63.6 | 104 | 111 | -6.3 |
Bankruptcies | 3 | 5 | 9 | -40.0 | -66.7 | 78 | 91 | -14.3 |
Proposals | 1 | 0 | 2 | -- | -50.0 | 26 | 20 | 30.0 |
New Brunswick | 5 | 8 | 6 | -37.5 | -16.7 | 81 | 69 | 17.4 |
Bankruptcies | 5 | 8 | 4 | -37.5 | 25.0 | 65 | 50 | 30.0 |
Proposals | 0 | 0 | 2 | -- | -100.0 | 16 | 19 | -15.8 |
Quebec | 165 | 193 | 150 | -14.5 | 10.0 | 2,195 | 1,999 | 9.8 |
Bankruptcies | 127 | 143 | 109 | -11.2 | 16.5 | 1,609 | 1,476 | 9.0 |
Proposals | 38 | 50 | 41 | -24.0 | -7.3 | 586 | 523 | 12.0 |
Ontario | 100 | 110 | 95 | -9.1 | 5.3 | 1,225 | 1,338 | -8.4 |
Bankruptcies | 73 | 86 | 78 | -15.1 | -6.4 | 953 | 1,029 | -7.4 |
Proposals | 27 | 24 | 17 | 12.5 | 58.8 | 272 | 309 | -12.0 |
Manitoba | 4 | 6 | 6 | -33.3 | -33.3 | 65 | 51 | 27.5 |
Bankruptcies | 4 | 6 | 5 | -33.3 | -20.0 | 54 | 38 | 42.1 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 11 | 13 | -15.4 |
Saskatchewan | 18 | 0 | 6 | -- | 200.0 | 127 | 117 | 8.5 |
Bankruptcies | 12 | 0 | 3 | -- | 300.0 | 77 | 68 | 13.2 |
Proposals | 6 | 0 | 3 | -- | 100.0 | 50 | 49 | 2.0 |
Alberta | 8 | 25 | 16 | -68.0 | -50.0 | 186 | 303 | -38.6 |
Bankruptcies | 7 | 14 | 10 | -50.0 | -30.0 | 134 | 220 | -39.1 |
Proposals | 1 | 11 | 6 | -90.9 | -83.3 | 52 | 83 | -37.3 |
British Columbia | 15 | 15 | 21 | 0.0 | -28.6 | 249 | 272 | -8.5 |
Bankruptcies | 13 | 13 | 16 | 0.0 | -18.8 | 186 | 195 | -4.6 |
Proposals | 2 | 2 | 5 | 0.0 | -60.0 | 63 | 77 | -18.2 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Yukon | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Nunavut | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 323 | 368 | 319 | -12.2 | 1.3 | 4,285 | 4,302 | -0.4 |
Bankruptcies | 247 | 280 | 240 | -11.8 | 2.9 | 3,194 | 3,201 | -0.2 |
Proposals | 76 | 88 | 79 | -13.6 | -3.8 | 1,091 | 1,101 | -0.9 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Jan. 2014 | Dec. 2013 | Jan. 2013 | Dec. 2013 to Jan. 2014 | Jan. 2013 to Jan. 2014 | 01-31-2014 | 01-31-2013 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 9 | 13 | 10 | -30.8 | -10.0 | 132 | 116 | 13.8 |
Bankruptcies | 8 | 11 | 6 | -27.3 | 33.3 | 95 | 85 | 11.8 |
Proposals | 1 | 2 | 4 | -50.0 | -75.0 | 37 | 31 | 19.4 |
Mining and Oil and Gas Extraction | 3 | 2 | 0 | 50.0 | -- | 36 | 34 | 5.9 |
Bankruptcies | 2 | 2 | 0 | 0.0 | -- | 17 | 26 | -34.6 |
Proposals | 1 | 0 | 0 | -- | -- | 19 | 8 | 137.5 |
Utilities | 1 | 3 | 1 | -66.7 | 0.0 | 10 | 18 | -44.4 |
Bankruptcies | 1 | 2 | 0 | -50.0 | -- | 6 | 9 | -33.3 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 4 | 9 | -55.6 |
Construction | 65 | 62 | 51 | 4.8 | 27.5 | 762 | 807 | -5.6 |
Bankruptcies | 50 | 51 | 38 | -2.0 | 31.6 | 576 | 590 | -2.4 |
Proposals | 15 | 11 | 13 | 36.4 | 15.4 | 186 | 217 | -14.3 |
Manufacturing | 32 | 39 | 35 | -17.9 | -8.6 | 420 | 428 | -1.9 |
Bankruptcies | 24 | 25 | 22 | -4.0 | 9.1 | 297 | 299 | -0.7 |
Proposals | 8 | 14 | 13 | -42.9 | -38.5 | 123 | 129 | -4.7 |
Wholesale Trade | 21 | 23 | 15 | -8.7 | 40.0 | 237 | 233 | 1.7 |
Bankruptcies | 16 | 12 | 13 | 33.3 | 23.1 | 164 | 171 | -4.1 |
Proposals | 5 | 11 | 2 | -54.5 | 150.0 | 73 | 62 | 17.7 |
Retail Trade | 45 | 46 | 43 | -2.2 | 4.7 | 530 | 560 | -5.4 |
Bankruptcies | 39 | 41 | 36 | -4.9 | 8.3 | 424 | 433 | -2.1 |
Proposals | 6 | 5 | 7 | 20.0 | -14.3 | 106 | 127 | -16.5 |
Transportation and Warehousing | 15 | 16 | 24 | -6.3 | -37.5 | 228 | 260 | -12.3 |
Bankruptcies | 11 | 15 | 19 | -26.7 | -42.1 | 179 | 213 | -16.0 |
Proposals | 4 | 1 | 5 | 300.0 | -20.0 | 49 | 47 | 4.3 |
Information and Cultural Industries | 5 | 9 | 2 | -44.4 | 150.0 | 55 | 62 | -11.3 |
Bankruptcies | 3 | 6 | 1 | -50.0 | 200.0 | 44 | 52 | -15.4 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 11 | 10 | 10.0 |
Finance and Insurance | 3 | 5 | 7 | -40.0 | -57.1 | 74 | 75 | -1.3 |
Bankruptcies | 3 | 2 | 5 | 50.0 | -40.0 | 61 | 62 | -1.6 |
Proposals | 0 | 3 | 2 | -100.0 | -100.0 | 13 | 13 | 0.0 |
Real Estate and Rental and Leasing | 9 | 12 | 4 | -25.0 | 125.0 | 149 | 112 | 33.0 |
Bankruptcies | 6 | 9 | 2 | -33.3 | 200.0 | 113 | 74 | 52.7 |
Proposals | 3 | 3 | 2 | 0.0 | 50.0 | 36 | 38 | -5.3 |
Professional, Scientific and Technical Services | 15 | 22 | 17 | -31.8 | -11.8 | 302 | 265 | 14.0 |
Bankruptcies | 9 | 17 | 13 | -47.1 | -30.8 | 215 | 192 | 12.0 |
Proposals | 6 | 5 | 4 | 20.0 | 50.0 | 87 | 73 | 19.2 |
Management of Companies and Enterprises | 5 | 6 | 1 | -16.7 | 400.0 | 73 | 61 | 19.7 |
Bankruptcies | 5 | 2 | 1 | 150.0 | 400.0 | 50 | 49 | 2.0 |
Proposals | 0 | 4 | 0 | -100.0 | -- | 23 | 12 | 91.7 |
Administrative and Support, Waste Management and Remediation Services | 8 | 20 | 21 | -60.0 | -61.9 | 186 | 207 | -10.1 |
Bankruptcies | 5 | 15 | 17 | -66.7 | -70.6 | 136 | 151 | -9.9 |
Proposals | 3 | 5 | 4 | -40.0 | -25.0 | 50 | 56 | -10.7 |
Educational Services | 2 | 1 | 3 | 100.0 | -33.3 | 34 | 34 | 0.0 |
Bankruptcies | 2 | 1 | 3 | 100.0 | -33.3 | 25 | 29 | -13.8 |
Proposals | 0 | 0 | 0 | -- | -- | 9 | 5 | 80.0 |
Health Care and Social Assistance | 1 | 7 | 3 | -85.7 | -66.7 | 65 | 50 | 30.0 |
Bankruptcies | 1 | 4 | 2 | -75.0 | -50.0 | 50 | 40 | 25.0 |
Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 15 | 10 | 50.0 |
Arts, Entertainment and Recreation | 1 | 7 | 6 | -85.7 | -83.3 | 76 | 81 | -6.2 |
Bankruptcies | 1 | 5 | 4 | -80.0 | -75.0 | 65 | 64 | 1.6 |
Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 11 | 17 | -35.3 |
Accommodation and Food Services | 64 | 57 | 53 | 12.3 | 20.8 | 671 | 624 | 7.5 |
Bankruptcies | 47 | 46 | 37 | 2.2 | 27.0 | 490 | 439 | 11.6 |
Proposals | 17 | 11 | 16 | 54.5 | 6.3 | 181 | 185 | -2.2 |
Other Services (except Public Administration) | 19 | 18 | 23 | 5.6 | -17.4 | 245 | 272 | -9.9 |
Bankruptcies | 14 | 14 | 21 | 0.0 | -33.3 | 187 | 221 | -15.4 |
Proposals | 5 | 4 | 2 | 25.0 | 150.0 | 58 | 51 | 13.7 |
Public Administration | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Total | 323 | 368 | 319 | -12.2 | 1.3 | 4,285 | 4,302 | -0.4 |
Bankruptcies | 247 | 280 | 240 | -11.8 | 2.9 | 3,194 | 3,201 | -0.2 |
Proposals | 76 | 88 | 79 | -13.6 | -3.8 | 1,091 | 1,101 | -0.9 |