Detailed report
PDF version
Insolvency Statistics in Canada - May 2014
618 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.
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2014 | Apr. 2014 | May 2013 | Apr. 2014 to May 2014 | May 2013 to May 2014 | 05-31-2014 | 05-31-2013 | % Change | |
Newfoundland and Labrador | 153 | 146 | 184 | 4.8 | -16.8 | 1,618 | 1,769 | -8.5 |
Bankruptcies | 136 | 134 | 163 | 1.5 | -16.6 | 1,453 | 1,625 | -10.6 |
Proposals | 17 | 12 | 21 | 41.7 | -19.0 | 165 | 144 | 14.6 |
Prince Edward Island | 67 | 55 | 49 | 21.8 | 36.7 | 701 | 613 | 14.4 |
Bankruptcies | 48 | 43 | 34 | 11.6 | 41.2 | 485 | 471 | 3.0 |
Proposals | 19 | 12 | 15 | 58.3 | 26.7 | 216 | 142 | 52.1 |
Nova Scotia | 524 | 500 | 445 | 4.8 | 17.8 | 5,003 | 4,384 | 14.1 |
Bankruptcies | 394 | 359 | 325 | 9.7 | 21.2 | 3,494 | 3,203 | 9.1 |
Proposals | 130 | 141 | 120 | -7.8 | 8.3 | 1,509 | 1,181 | 27.8 |
New Brunswick | 416 | 430 | 372 | -3.3 | 11.8 | 4,245 | 3,811 | 11.4 |
Bankruptcies | 298 | 304 | 277 | -2.0 | 7.6 | 2,974 | 2,852 | 4.3 |
Proposals | 118 | 126 | 95 | -6.3 | 24.2 | 1,271 | 959 | 32.5 |
Quebec | 3,921 | 3,953 | 3,944 | -0.8 | -0.6 | 42,673 | 39,510 | 8.0 |
Bankruptcies | 2,393 | 2,431 | 2,537 | -1.6 | -5.7 | 26,463 | 26,074 | 1.5 |
Proposals | 1,528 | 1,522 | 1,407 | 0.4 | 8.6 | 16,210 | 13,436 | 20.6 |
Ontario | 3,806 | 3,871 | 4,271 | -1.7 | -10.9 | 43,821 | 47,193 | -7.1 |
Bankruptcies | 1,883 | 1,846 | 2,163 | 2.0 | -12.9 | 21,602 | 23,592 | -8.4 |
Proposals | 1,923 | 2,025 | 2,108 | -5.0 | -8.8 | 22,219 | 23,601 | -5.9 |
Manitoba | 172 | 176 | 180 | -2.3 | -4.4 | 1,903 | 1,871 | 1.7 |
Bankruptcies | 105 | 116 | 118 | -9.5 | -11.0 | 1,242 | 1,267 | -2.0 |
Proposals | 67 | 60 | 62 | 11.7 | 8.1 | 661 | 604 | 9.4 |
Saskatchewan | 179 | 196 | 169 | -8.7 | 5.9 | 1,936 | 1,783 | 8.6 |
Bankruptcies | 112 | 109 | 98 | 2.8 | 14.3 | 1,172 | 1,070 | 9.5 |
Proposals | 67 | 87 | 71 | -23.0 | -5.6 | 764 | 713 | 7.2 |
Alberta | 785 | 790 | 790 | -0.6 | -0.6 | 8,271 | 9,142 | -9.5 |
Bankruptcies | 382 | 376 | 445 | 1.6 | -14.2 | 4,364 | 5,468 | -20.2 |
Proposals | 403 | 414 | 345 | -2.7 | 16.8 | 3,907 | 3,674 | 6.3 |
British Columbia | 1,118 | 1,008 | 1,168 | 10.9 | -4.3 | 11,794 | 11,850 | -0.5 |
Bankruptcies | 655 | 625 | 700 | 4.8 | -6.4 | 7,029 | 7,512 | -6.4 |
Proposals | 463 | 383 | 468 | 20.9 | -1.1 | 4,765 | 4,338 | 9.8 |
Northwest Territories | 4 | 2 | 2 | 100.0 | 100.0 | 56 | 45 | 24.4 |
Bankruptcies | 3 | 0 | 1 | -- | 200.0 | 34 | 23 | 47.8 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 22 | 22 | 0.0 |
Yukon | 4 | 6 | 3 | -33.3 | 33.3 | 37 | 43 | -14.0 |
Bankruptcies | 2 | 3 | 2 | -33.3 | 0.0 | 26 | 25 | 4.0 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 11 | 18 | -38.9 |
Nunavut | 0 | 0 | 0 | -- | -- | 7 | 4 | 75.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 2 | 100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
Canada | 11,149 | 11,133 | 11,577 | 0.1 | -3.7 | 122,065 | 122,018 | 0.0 |
Bankruptcies | 6,411 | 6,346 | 6,863 | 1.0 | -6.6 | 70,342 | 73,184 | -3.9 |
Proposals | 4,738 | 4,787 | 4,714 | -1.0 | 0.5 | 51,723 | 48,834 | 5.9 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2014 | Apr. 2014 | May 2013 | Apr. 2014 to May 2014 | May 2013 to May 2014 | 05-31-2014 | 05-31-2013 | % Change | |
Newfoundland and Labrador | 150 | 145 | 179 | 3.4 | -16.2 | 1,586 | 1,745 | -9.1 |
Bankruptcies | 134 | 133 | 159 | 0.8 | -15.7 | 1,432 | 1,608 | -10.9 |
Proposals | 16 | 12 | 20 | 33.3 | -20.0 | 154 | 137 | 12.4 |
Prince Edward Island | 66 | 55 | 49 | 20.0 | 34.7 | 682 | 598 | 14.0 |
Bankruptcies | 47 | 43 | 34 | 9.3 | 38.2 | 472 | 458 | 3.1 |
Proposals | 19 | 12 | 15 | 58.3 | 26.7 | 210 | 140 | 50.0 |
Nova Scotia | 512 | 493 | 437 | 3.9 | 17.2 | 4,902 | 4,273 | 14.7 |
Bankruptcies | 384 | 354 | 319 | 8.5 | 20.4 | 3,423 | 3,115 | 9.9 |
Proposals | 128 | 139 | 118 | -7.9 | 8.5 | 1,479 | 1,158 | 27.7 |
New Brunswick | 410 | 423 | 366 | -3.1 | 12.0 | 4,151 | 3,747 | 10.8 |
Bankruptcies | 293 | 300 | 272 | -2.3 | 7.7 | 2,902 | 2,804 | 3.5 |
Proposals | 117 | 123 | 94 | -4.9 | 24.5 | 1,249 | 943 | 32.4 |
Quebec | 3,723 | 3,716 | 3,735 | 0.2 | -0.3 | 40,437 | 37,436 | 8.0 |
Bankruptcies | 2,256 | 2,251 | 2,384 | 0.2 | -5.4 | 24,809 | 24,541 | 1.1 |
Proposals | 1,467 | 1,465 | 1,351 | 0.1 | 8.6 | 15,628 | 12,895 | 21.2 |
Ontario | 3,713 | 3,775 | 4,166 | -1.6 | -10.9 | 42,683 | 45,902 | -7.0 |
Bankruptcies | 1,808 | 1,777 | 2,085 | 1.7 | -13.3 | 20,733 | 22,587 | -8.2 |
Proposals | 1,905 | 1,998 | 2,081 | -4.7 | -8.5 | 21,950 | 23,315 | -5.9 |
Manitoba | 167 | 167 | 178 | 0.0 | -6.2 | 1,830 | 1,819 | 0.6 |
Bankruptcies | 102 | 107 | 117 | -4.7 | -12.8 | 1,181 | 1,225 | -3.6 |
Proposals | 65 | 60 | 61 | 8.3 | 6.6 | 649 | 594 | 9.3 |
Saskatchewan | 169 | 186 | 159 | -9.1 | 6.3 | 1,809 | 1,667 | 8.5 |
Bankruptcies | 105 | 103 | 91 | 1.9 | 15.4 | 1,094 | 1,004 | 9.0 |
Proposals | 64 | 83 | 68 | -22.9 | -5.9 | 715 | 663 | 7.8 |
Alberta | 768 | 780 | 773 | -1.5 | -0.6 | 8,105 | 8,889 | -8.8 |
Bankruptcies | 369 | 367 | 434 | 0.5 | -15.0 | 4,243 | 5,288 | -19.8 |
Proposals | 399 | 413 | 339 | -3.4 | 17.7 | 3,862 | 3,601 | 7.2 |
British Columbia | 1,092 | 991 | 1,140 | 10.2 | -4.2 | 11,549 | 11,583 | -0.3 |
Bankruptcies | 634 | 611 | 678 | 3.8 | -6.5 | 6,849 | 7,321 | -6.4 |
Proposals | 458 | 380 | 462 | 20.5 | -0.9 | 4,700 | 4,262 | 10.3 |
Northwest Territories | 4 | 2 | 2 | 100.0 | 100.0 | 56 | 45 | 24.4 |
Bankruptcies | 3 | 0 | 1 | -- | 200.0 | 34 | 23 | 47.8 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 22 | 22 | 0.0 |
Yukon | 4 | 6 | 3 | -33.3 | 33.3 | 37 | 41 | -9.8 |
Bankruptcies | 2 | 3 | 2 | -33.3 | 0.0 | 26 | 23 | 13.0 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 11 | 18 | -38.9 |
Nunavut | 0 | 0 | 0 | -- | -- | 7 | 3 | 133.3 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 1 | 300.0 |
Proposals | 0 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
Canada | 10,778 | 10,739 | 11,187 | 0.4 | -3.7 | 117,834 | 117,748 | 0.1 |
Bankruptcies | 6,137 | 6,049 | 6,576 | 1.5 | -6.7 | 67,202 | 69,998 | -4.0 |
Proposals | 4,641 | 4,690 | 4,611 | -1.0 | 0.7 | 50,632 | 47,750 | 6.0 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2014 | Apr. 2014 | May 2013 | Apr. 2014 to May 2014 | May 2013 to May 2014 | 05-31-2014 | 05-31-2013 | % Change | |
Newfoundland and Labrador | 3 | 1 | 5 | 200.0 | -40.0 | 32 | 24 | 33.3 |
Bankruptcies | 2 | 1 | 4 | 100.0 | -50.0 | 21 | 17 | 23.5 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 11 | 7 | 57.1 |
Prince Edward Island | 1 | 0 | 0 | -- | -- | 19 | 15 | 26.7 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 13 | 13 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 6 | 2 | 200.0 |
Nova Scotia | 12 | 7 | 8 | 71.4 | 50.0 | 101 | 111 | -9.0 |
Bankruptcies | 10 | 5 | 6 | 100.0 | 66.7 | 71 | 88 | -19.3 |
Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 30 | 23 | 30.4 |
New Brunswick | 6 | 7 | 6 | -14.3 | 0.0 | 94 | 64 | 46.9 |
Bankruptcies | 5 | 4 | 5 | 25.0 | 0.0 | 72 | 48 | 50.0 |
Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 22 | 16 | 37.5 |
Quebec | 198 | 237 | 209 | -16.5 | -5.3 | 2,236 | 2,074 | 7.8 |
Bankruptcies | 137 | 180 | 153 | -23.9 | -10.5 | 1,654 | 1,533 | 7.9 |
Proposals | 61 | 57 | 56 | 7.0 | 8.9 | 582 | 541 | 7.6 |
Ontario | 93 | 96 | 105 | -3.1 | -11.4 | 1,138 | 1,291 | -11.9 |
Bankruptcies | 75 | 69 | 78 | 8.7 | -3.8 | 869 | 1,005 | -13.5 |
Proposals | 18 | 27 | 27 | -33.3 | -33.3 | 269 | 286 | -5.9 |
Manitoba | 5 | 9 | 2 | -44.4 | 150.0 | 73 | 52 | 40.4 |
Bankruptcies | 3 | 9 | 1 | -66.7 | 200.0 | 61 | 42 | 45.2 |
Proposals | 2 | 0 | 1 | -- | 100.0 | 12 | 10 | 20.0 |
Saskatchewan | 10 | 10 | 10 | 0.0 | 0.0 | 127 | 116 | 9.5 |
Bankruptcies | 7 | 6 | 7 | 16.7 | 0.0 | 78 | 66 | 18.2 |
Proposals | 3 | 4 | 3 | -25.0 | 0.0 | 49 | 50 | -2.0 |
Alberta | 17 | 10 | 17 | 70.0 | 0.0 | 166 | 253 | -34.4 |
Bankruptcies | 13 | 9 | 11 | 44.4 | 18.2 | 121 | 180 | -32.8 |
Proposals | 4 | 1 | 6 | 300.0 | -33.3 | 45 | 73 | -38.4 |
British Columbia | 26 | 17 | 28 | 52.9 | -7.1 | 245 | 267 | -8.2 |
Bankruptcies | 21 | 14 | 22 | 50.0 | -4.5 | 180 | 191 | -5.8 |
Proposals | 5 | 3 | 6 | 66.7 | -16.7 | 65 | 76 | -14.5 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Yukon | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 2 | -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 | 371 | 394 | 390 | -5.8 | -4.9 | 4,231 | 4,270 | -0.9 |
Bankruptcies | 274 | 297 | 287 | -7.7 | -4.5 | 3,140 | 3,186 | -1.4 |
Proposals | 97 | 97 | 103 | 0.0 | -5.8 | 1,091 | 1,084 | 0.6 |
Sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2014 | Apr. 2014 | May 2013 | Apr. 2014 to May 2014 | May 2013 to May 2014 | 05-31-2014 | 05-31-2013 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 6 | 5 | 10 | 20.0 | -40.0 | 124 | 107 | 15.9 |
Bankruptcies | 6 | 3 | 7 | 100.0 | -14.3 | 89 | 77 | 15.6 |
Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 35 | 30 | 16.7 |
Mining and Oil and Gas Extraction | 1 | 6 | 5 | -83.3 | -80.0 | 39 | 44 | -11.4 |
Bankruptcies | 1 | 4 | 3 | -75.0 | -66.7 | 19 | 30 | -36.7 |
Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 20 | 14 | 42.9 |
Utilities | 1 | 0 | 0 | -- | -- | 10 | 17 | -41.2 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 6 | 8 | -25.0 |
Proposals | 1 | 0 | 0 | -- | -- | 4 | 9 | -55.6 |
Construction | 76 | 69 | 64 | 10.1 | 18.8 | 753 | 782 | -3.7 |
Bankruptcies | 56 | 49 | 50 | 14.3 | 12.0 | 561 | 575 | -2.4 |
Proposals | 20 | 20 | 14 | 0.0 | 42.9 | 192 | 207 | -7.2 |
Manufacturing | 38 | 28 | 36 | 35.7 | 5.6 | 403 | 420 | -4.0 |
Bankruptcies | 27 | 21 | 24 | 28.6 | 12.5 | 287 | 290 | -1.0 |
Proposals | 11 | 7 | 12 | 57.1 | -8.3 | 116 | 130 | -10.8 |
Wholesale Trade | 22 | 26 | 20 | -15.4 | 10.0 | 230 | 237 | -3.0 |
Bankruptcies | 18 | 18 | 14 | 0.0 | 28.6 | 157 | 170 | -7.6 |
Proposals | 4 | 8 | 6 | -50.0 | -33.3 | 73 | 67 | 9.0 |
Retail Trade | 39 | 39 | 43 | 0.0 | -9.3 | 503 | 543 | -7.4 |
Bankruptcies | 29 | 30 | 32 | -3.3 | -9.4 | 402 | 420 | -4.3 |
Proposals | 10 | 9 | 11 | 11.1 | -9.1 | 101 | 123 | -17.9 |
Transportation and Warehousing | 9 | 27 | 21 | -66.7 | -57.1 | 236 | 261 | -9.6 |
Bankruptcies | 7 | 20 | 15 | -65.0 | -53.3 | 183 | 213 | -14.1 |
Proposals | 2 | 7 | 6 | -71.4 | -66.7 | 53 | 48 | 10.4 |
Information and Cultural Industries | 5 | 7 | 9 | -28.6 | -44.4 | 53 | 64 | -17.2 |
Bankruptcies | 4 | 5 | 9 | -20.0 | -55.6 | 36 | 54 | -33.3 |
Proposals | 1 | 2 | 0 | -50.0 | -- | 17 | 10 | 70.0 |
Finance and Insurance | 2 | 4 | 10 | -50.0 | -80.0 | 68 | 78 | -12.8 |
Bankruptcies | 2 | 3 | 9 | -33.3 | -77.8 | 51 | 66 | -22.7 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 17 | 12 | 41.7 |
Real Estate and Rental and Leasing | 12 | 19 | 12 | -36.8 | 0.0 | 152 | 113 | 34.5 |
Bankruptcies | 9 | 14 | 10 | -35.7 | -10.0 | 113 | 85 | 32.9 |
Proposals | 3 | 5 | 2 | -40.0 | 50.0 | 39 | 28 | 39.3 |
Professional, Scientific and Technical Services | 33 | 30 | 27 | 10.0 | 22.2 | 298 | 289 | 3.1 |
Bankruptcies | 22 | 27 | 20 | -18.5 | 10.0 | 213 | 218 | -2.3 |
Proposals | 11 | 3 | 7 | 266.7 | 57.1 | 85 | 71 | 19.7 |
Management of Companies and Enterprises | 8 | 6 | 7 | 33.3 | 14.3 | 68 | 62 | 9.7 |
Bankruptcies | 5 | 5 | 3 | 0.0 | 66.7 | 48 | 48 | 0.0 |
Proposals | 3 | 1 | 4 | 200.0 | -25.0 | 20 | 14 | 42.9 |
Administrative and Support, Waste Management and Remediation Services | 17 | 26 | 19 | -34.6 | -10.5 | 198 | 196 | 1.0 |
Bankruptcies | 11 | 19 | 14 | -42.1 | -21.4 | 138 | 147 | -6.1 |
Proposals | 6 | 7 | 5 | -14.3 | 20.0 | 60 | 49 | 22.4 |
Educational Services | 8 | 7 | 1 | 14.3 | 700.0 | 50 | 28 | 78.6 |
Bankruptcies | 7 | 7 | 0 | 0.0 | -- | 44 | 22 | 100.0 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 6 | 6 | 0.0 |
Health Care and Social Assistance | 10 | 7 | 5 | 42.9 | 100.0 | 80 | 55 | 45.5 |
Bankruptcies | 8 | 6 | 4 | 33.3 | 100.0 | 60 | 45 | 33.3 |
Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 20 | 10 | 100.0 |
Arts, Entertainment and Recreation | 13 | 7 | 6 | 85.7 | 116.7 | 88 | 83 | 6.0 |
Bankruptcies | 10 | 6 | 5 | 66.7 | 100.0 | 74 | 67 | 10.4 |
Proposals | 3 | 1 | 1 | 200.0 | 200.0 | 14 | 16 | -12.5 |
Accommodation and Food Services | 52 | 56 | 74 | -7.1 | -29.7 | 627 | 634 | -1.1 |
Bankruptcies | 37 | 36 | 50 | 2.8 | -26.0 | 460 | 453 | 1.5 |
Proposals | 15 | 20 | 24 | -25.0 | -37.5 | 167 | 181 | -7.7 |
Other Services (except Public Administration) | 19 | 24 | 21 | -20.8 | -9.5 | 250 | 257 | -2.7 |
Bankruptcies | 15 | 23 | 18 | -34.8 | -16.7 | 198 | 198 | 0.0 |
Proposals | 4 | 1 | 3 | 300.0 | 33.3 | 52 | 59 | -11.9 |
Public Administration | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Total | 371 | 394 | 390 | -5.8 | -4.9 | 4,231 | 4,270 | -0.9 |
Bankruptcies | 274 | 297 | 287 | -7.7 | -4.5 | 3,140 | 3,186 | -1.4 |
Proposals | 97 | 97 | 103 | 0.0 | -5.8 | 1,091 | 1,084 | 0.6 |