Detailed report
PDF version
Insolvency Statistics in Canada - July 2014
301 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 | |||||
|---|---|---|---|---|---|---|---|---|
| July 2014 | June 2014 | July 2013 | June 2014 to July 2014 | July 2013 to July 2014 | 07-31-2014 | 07-31-2013 | % Change | |
| Newfoundland and Labrador | 126 | 134 | 156 | -6.0 | -19.2 | 1,582 | 1,764 | -10.3 |
| Bankruptcies | 111 | 121 | 140 | -8.3 | -20.7 | 1,409 | 1,629 | -13.5 |
| Proposals | 15 | 13 | 16 | 15.4 | -6.3 | 173 | 135 | 28.1 |
| Prince Edward Island | 73 | 58 | 73 | 25.9 | 0.0 | 713 | 616 | 15.7 |
| Bankruptcies | 53 | 44 | 53 | 20.5 | 0.0 | 493 | 475 | 3.8 |
| Proposals | 20 | 14 | 20 | 42.9 | 0.0 | 220 | 141 | 56.0 |
| Nova Scotia | 499 | 445 | 395 | 12.1 | 26.3 | 5,133 | 4,465 | 15.0 |
| Bankruptcies | 356 | 303 | 264 | 17.5 | 34.8 | 3,616 | 3,190 | 13.4 |
| Proposals | 143 | 142 | 131 | 0.7 | 9.2 | 1,517 | 1,275 | 19.0 |
| New Brunswick | 358 | 333 | 369 | 7.5 | -3.0 | 4,220 | 3,866 | 9.2 |
| Bankruptcies | 254 | 231 | 267 | 10.0 | -4.9 | 2,951 | 2,876 | 2.6 |
| Proposals | 104 | 102 | 102 | 2.0 | 2.0 | 1,269 | 990 | 28.2 |
| Quebec | 3,495 | 3,321 | 3,368 | 5.2 | 3.8 | 42,863 | 40,408 | 6.1 |
| Bankruptcies | 2,095 | 2,038 | 2,219 | 2.8 | -5.6 | 26,265 | 26,446 | -0.7 |
| Proposals | 1,400 | 1,283 | 1,149 | 9.1 | 21.8 | 16,598 | 13,962 | 18.9 |
| Ontario | 3,634 | 3,451 | 3,681 | 5.3 | -1.3 | 43,565 | 46,544 | -6.4 |
| Bankruptcies | 1,714 | 1,591 | 1,906 | 7.7 | -10.1 | 21,133 | 23,317 | -9.4 |
| Proposals | 1,920 | 1,860 | 1,775 | 3.2 | 8.2 | 22,432 | 23,227 | -3.4 |
| Manitoba | 156 | 171 | 164 | -8.8 | -4.9 | 1,913 | 1,881 | 1.7 |
| Bankruptcies | 107 | 99 | 107 | 8.1 | 0.0 | 1,234 | 1,271 | -2.9 |
| Proposals | 49 | 72 | 57 | -31.9 | -14.0 | 679 | 610 | 11.3 |
| Saskatchewan | 182 | 158 | 145 | 15.2 | 25.5 | 1,997 | 1,748 | 14.2 |
| Bankruptcies | 99 | 88 | 97 | 12.5 | 2.1 | 1,189 | 1,051 | 13.1 |
| Proposals | 83 | 70 | 48 | 18.6 | 72.9 | 808 | 697 | 15.9 |
| Alberta | 655 | 712 | 678 | -8.0 | -3.4 | 8,279 | 8,857 | -6.5 |
| Bankruptcies | 303 | 332 | 394 | -8.7 | -23.1 | 4,221 | 5,235 | -19.4 |
| Proposals | 352 | 380 | 284 | -7.4 | 23.9 | 4,058 | 3,622 | 12.0 |
| British Columbia | 1,044 | 1,031 | 1,037 | 1.3 | 0.7 | 11,818 | 11,897 | -0.7 |
| Bankruptcies | 581 | 593 | 594 | -2.0 | -2.2 | 7,014 | 7,404 | -5.3 |
| Proposals | 463 | 438 | 443 | 5.7 | 4.5 | 4,804 | 4,493 | 6.9 |
| Northwest Territories | 2 | 5 | 8 | -60.0 | -75.0 | 50 | 51 | -2.0 |
| Bankruptcies | 2 | 3 | 6 | -33.3 | -66.7 | 29 | 29 | 0.0 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 21 | 22 | -4.5 |
| Yukon | 6 | 1 | 2 | 500.0 | 200.0 | 39 | 41 | -4.9 |
| Bankruptcies | 3 | 1 | 2 | 200.0 | 50.0 | 25 | 26 | -3.8 |
| Proposals | 3 | 0 | 0 | -- | -- | 14 | 15 | -6.7 |
| Nunavut | 0 | 0 | 0 | -- | -- | 6 | 3 | 100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 1 | 300.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
| Canada | 10,230 | 9,820 | 10,076 | 4.2 | 1.5 | 122,178 | 122,141 | 0.0 |
| Bankruptcies | 5,678 | 5,444 | 6,049 | 4.3 | -6.1 | 69,583 | 72,950 | -4.6 |
| Proposals | 4,552 | 4,376 | 4,027 | 4.0 | 13.0 | 52,595 | 49,191 | 6.9 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2014 | June 2014 | July 2013 | June 2014 to July 2014 | July 2013 to July 2014 | 07-31-2014 | 07-31-2013 | % Change | |
| Newfoundland and Labrador | 126 | 132 | 154 | -4.5 | -18.2 | 1,551 | 1,739 | -10.8 |
| Bankruptcies | 111 | 119 | 140 | -6.7 | -20.7 | 1,387 | 1,612 | -14.0 |
| Proposals | 15 | 13 | 14 | 15.4 | 7.1 | 164 | 127 | 29.1 |
| Prince Edward Island | 69 | 53 | 73 | 30.2 | -5.5 | 686 | 604 | 13.6 |
| Bankruptcies | 51 | 40 | 53 | 27.5 | -3.8 | 474 | 465 | 1.9 |
| Proposals | 18 | 13 | 20 | 38.5 | -10.0 | 212 | 139 | 52.5 |
| Nova Scotia | 490 | 441 | 389 | 11.1 | 26.0 | 5,036 | 4,355 | 15.6 |
| Bankruptcies | 350 | 301 | 259 | 16.3 | 35.1 | 3,550 | 3,105 | 14.3 |
| Proposals | 140 | 140 | 130 | 0.0 | 7.7 | 1,486 | 1,250 | 18.9 |
| New Brunswick | 352 | 325 | 364 | 8.3 | -3.3 | 4,127 | 3,796 | 8.7 |
| Bankruptcies | 250 | 224 | 262 | 11.6 | -4.6 | 2,880 | 2,823 | 2.0 |
| Proposals | 102 | 101 | 102 | 1.0 | 0.0 | 1,247 | 973 | 28.2 |
| Quebec | 3,327 | 3,155 | 3,192 | 5.5 | 4.2 | 40,634 | 38,297 | 6.1 |
| Bankruptcies | 1,967 | 1,918 | 2,081 | 2.6 | -5.5 | 24,613 | 24,904 | -1.2 |
| Proposals | 1,360 | 1,237 | 1,111 | 9.9 | 22.4 | 16,021 | 13,393 | 19.6 |
| Ontario | 3,552 | 3,369 | 3,592 | 5.4 | -1.1 | 42,448 | 45,275 | -6.2 |
| Bankruptcies | 1,644 | 1,532 | 1,835 | 7.3 | -10.4 | 20,271 | 22,337 | -9.2 |
| Proposals | 1,908 | 1,837 | 1,757 | 3.9 | 8.6 | 22,177 | 22,938 | -3.3 |
| Manitoba | 153 | 166 | 157 | -7.8 | -2.5 | 1,842 | 1,828 | 0.8 |
| Bankruptcies | 105 | 94 | 104 | 11.7 | 1.0 | 1,172 | 1,228 | -4.6 |
| Proposals | 48 | 72 | 53 | -33.3 | -9.4 | 670 | 600 | 11.7 |
| Saskatchewan | 175 | 143 | 133 | 22.4 | 31.6 | 1,872 | 1,625 | 15.2 |
| Bankruptcies | 95 | 81 | 89 | 17.3 | 6.7 | 1,116 | 977 | 14.2 |
| Proposals | 80 | 62 | 44 | 29.0 | 81.8 | 756 | 648 | 16.7 |
| Alberta | 642 | 708 | 669 | -9.3 | -4.0 | 8,117 | 8,633 | -6.0 |
| Bankruptcies | 296 | 329 | 385 | -10.0 | -23.1 | 4,108 | 5,075 | -19.1 |
| Proposals | 346 | 379 | 284 | -8.7 | 21.8 | 4,009 | 3,558 | 12.7 |
| British Columbia | 1,017 | 1,003 | 1,024 | 1.4 | -0.7 | 11,553 | 11,632 | -0.7 |
| Bankruptcies | 559 | 568 | 586 | -1.6 | -4.6 | 6,812 | 7,217 | -5.6 |
| Proposals | 458 | 435 | 438 | 5.3 | 4.6 | 4,741 | 4,415 | 7.4 |
| Northwest Territories | 2 | 5 | 8 | -60.0 | -75.0 | 50 | 51 | -2.0 |
| Bankruptcies | 2 | 3 | 6 | -33.3 | -66.7 | 29 | 29 | 0.0 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 21 | 22 | -4.5 |
| Yukon | 6 | 1 | 2 | 500.0 | 200.0 | 39 | 39 | 0.0 |
| Bankruptcies | 3 | 1 | 2 | 200.0 | 50.0 | 25 | 24 | 4.2 |
| Proposals | 3 | 0 | 0 | -- | -- | 14 | 15 | -6.7 |
| Nunavut | 0 | 0 | 0 | -- | -- | 6 | 3 | 100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 1 | 300.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
| Canada | 9,911 | 9,501 | 9,757 | 4.3 | 1.6 | 117,961 | 117,877 | 0.1 |
| Bankruptcies | 5,433 | 5,210 | 5,802 | 4.3 | -6.4 | 66,441 | 69,797 | -4.8 |
| Proposals | 4,478 | 4,291 | 3,955 | 4.4 | 13.2 | 51,520 | 48,080 | 7.2 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2014 | June 2014 | July 2013 | June 2014 to July 2014 | July 2013 to July 2014 | 07-31-2014 | 07-31-2013 | % Change | |
| Newfoundland and Labrador | 0 | 2 | 2 | -100.0 | -100.0 | 31 | 25 | 24.0 |
| Bankruptcies | 0 | 2 | 0 | -100.0 | -- | 22 | 17 | 29.4 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 9 | 8 | 12.5 |
| Prince Edward Island | 4 | 5 | 0 | -20.0 | -- | 27 | 12 | 125.0 |
| Bankruptcies | 2 | 4 | 0 | -50.0 | -- | 19 | 10 | 90.0 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 8 | 2 | 300.0 |
| Nova Scotia | 9 | 4 | 6 | 125.0 | 50.0 | 97 | 110 | -11.8 |
| Bankruptcies | 6 | 2 | 5 | 200.0 | 20.0 | 66 | 85 | -22.4 |
| Proposals | 3 | 2 | 1 | 50.0 | 200.0 | 31 | 25 | 24.0 |
| New Brunswick | 6 | 8 | 5 | -25.0 | 20.0 | 93 | 70 | 32.9 |
| Bankruptcies | 4 | 7 | 5 | -42.9 | -20.0 | 71 | 53 | 34.0 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 22 | 17 | 29.4 |
| Quebec | 168 | 166 | 176 | 1.2 | -4.5 | 2,229 | 2,111 | 5.6 |
| Bankruptcies | 128 | 120 | 138 | 6.7 | -7.2 | 1,652 | 1,542 | 7.1 |
| Proposals | 40 | 46 | 38 | -13.0 | 5.3 | 577 | 569 | 1.4 |
| Ontario | 82 | 82 | 89 | 0.0 | -7.9 | 1,117 | 1,269 | -12.0 |
| Bankruptcies | 70 | 59 | 71 | 18.6 | -1.4 | 862 | 980 | -12.0 |
| Proposals | 12 | 23 | 18 | -47.8 | -33.3 | 255 | 289 | -11.8 |
| Manitoba | 3 | 5 | 7 | -40.0 | -57.1 | 71 | 53 | 34.0 |
| Bankruptcies | 2 | 5 | 3 | -60.0 | -33.3 | 62 | 43 | 44.2 |
| Proposals | 1 | 0 | 4 | -- | -75.0 | 9 | 10 | -10.0 |
| Saskatchewan | 7 | 15 | 12 | -53.3 | -41.7 | 125 | 123 | 1.6 |
| Bankruptcies | 4 | 7 | 8 | -42.9 | -50.0 | 73 | 74 | -1.4 |
| Proposals | 3 | 8 | 4 | -62.5 | -25.0 | 52 | 49 | 6.1 |
| Alberta | 13 | 4 | 9 | 225.0 | 44.4 | 162 | 224 | -27.7 |
| Bankruptcies | 7 | 3 | 9 | 133.3 | -22.2 | 113 | 160 | -29.4 |
| Proposals | 6 | 1 | 0 | 500.0 | -- | 49 | 64 | -23.4 |
| British Columbia | 27 | 28 | 13 | -3.6 | 107.7 | 265 | 265 | 0.0 |
| Bankruptcies | 22 | 25 | 8 | -12.0 | 175.0 | 202 | 187 | 8.0 |
| Proposals | 5 | 3 | 5 | 66.7 | 0.0 | 63 | 78 | -19.2 |
| 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 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 319 | 319 | 319 | 0.0 | 0.0 | 4,217 | 4,264 | -1.1 |
| Bankruptcies | 245 | 234 | 247 | 4.7 | -0.8 | 3,142 | 3,153 | -0.3 |
| Proposals | 74 | 85 | 72 | -12.9 | 2.8 | 1,075 | 1,111 | -3.2 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2014 | June 2014 | July 2013 | June 2014 to July 2014 | July 2013 to July 2014 | 07-31-2014 | 07-31-2013 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 8 | 12 | 9 | -33.3 | -11.1 | 129 | 104 | 24.0 |
| Bankruptcies | 6 | 6 | 6 | 0.0 | 0.0 | 89 | 75 | 18.7 |
| Proposals | 2 | 6 | 3 | -66.7 | -33.3 | 40 | 29 | 37.9 |
| Mining and Oil and Gas Extraction | 2 | 2 | 1 | 0.0 | 100.0 | 39 | 39 | 0.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 18 | 23 | -21.7 |
| Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 21 | 16 | 31.3 |
| Utilities | 3 | 0 | 0 | -- | -- | 13 | 11 | 18.2 |
| Bankruptcies | 2 | 0 | 0 | -- | -- | 8 | 5 | 60.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 5 | 6 | -16.7 |
| Construction | 54 | 63 | 60 | -14.3 | -10.0 | 753 | 755 | -0.3 |
| Bankruptcies | 44 | 48 | 46 | -8.3 | -4.3 | 565 | 557 | 1.4 |
| Proposals | 10 | 15 | 14 | -33.3 | -28.6 | 188 | 198 | -5.1 |
| Manufacturing | 33 | 33 | 25 | 0.0 | 32.0 | 410 | 420 | -2.4 |
| Bankruptcies | 23 | 25 | 21 | -8.0 | 9.5 | 293 | 289 | 1.4 |
| Proposals | 10 | 8 | 4 | 25.0 | 150.0 | 117 | 131 | -10.7 |
| Wholesale Trade | 21 | 15 | 16 | 40.0 | 31.3 | 239 | 226 | 5.8 |
| Bankruptcies | 19 | 7 | 16 | 171.4 | 18.8 | 162 | 161 | 0.6 |
| Proposals | 2 | 8 | 0 | -75.0 | -- | 77 | 65 | 18.5 |
| Retail Trade | 41 | 39 | 35 | 5.1 | 17.1 | 509 | 541 | -5.9 |
| Bankruptcies | 28 | 28 | 28 | 0.0 | 0.0 | 402 | 421 | -4.5 |
| Proposals | 13 | 11 | 7 | 18.2 | 85.7 | 107 | 120 | -10.8 |
| Transportation and Warehousing | 18 | 17 | 16 | 5.9 | 12.5 | 235 | 258 | -8.9 |
| Bankruptcies | 17 | 13 | 12 | 30.8 | 41.7 | 187 | 205 | -8.8 |
| Proposals | 1 | 4 | 4 | -75.0 | -75.0 | 48 | 53 | -9.4 |
| Information and Cultural Industries | 6 | 1 | 6 | 500.0 | 0.0 | 49 | 64 | -23.4 |
| Bankruptcies | 4 | 1 | 5 | 300.0 | -20.0 | 32 | 55 | -41.8 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 17 | 9 | 88.9 |
| Finance and Insurance | 7 | 4 | 3 | 75.0 | 133.3 | 72 | 74 | -2.7 |
| Bankruptcies | 6 | 3 | 3 | 100.0 | 100.0 | 54 | 61 | -11.5 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 18 | 13 | 38.5 |
| Real Estate and Rental and Leasing | 9 | 17 | 14 | -47.1 | -35.7 | 149 | 130 | 14.6 |
| Bankruptcies | 7 | 13 | 11 | -46.2 | -36.4 | 108 | 100 | 8.0 |
| Proposals | 2 | 4 | 3 | -50.0 | -33.3 | 41 | 30 | 36.7 |
| Professional, Scientific and Technical Services | 21 | 18 | 22 | 16.7 | -4.5 | 295 | 290 | 1.7 |
| Bankruptcies | 15 | 14 | 16 | 7.1 | -6.3 | 216 | 215 | 0.5 |
| Proposals | 6 | 4 | 6 | 50.0 | 0.0 | 79 | 75 | 5.3 |
| Management of Companies and Enterprises | 6 | 4 | 5 | 50.0 | 20.0 | 64 | 66 | -3.0 |
| Bankruptcies | 5 | 4 | 4 | 25.0 | 25.0 | 47 | 48 | -2.1 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 17 | 18 | -5.6 |
| Administrative and Support, Waste Management and Remediation Services | 17 | 23 | 19 | -26.1 | -10.5 | 200 | 199 | 0.5 |
| Bankruptcies | 14 | 17 | 14 | -17.6 | 0.0 | 140 | 151 | -7.3 |
| Proposals | 3 | 6 | 5 | -50.0 | -40.0 | 60 | 48 | 25.0 |
| Educational Services | 1 | 5 | 5 | -80.0 | -80.0 | 46 | 32 | 43.8 |
| Bankruptcies | 0 | 5 | 5 | -100.0 | -100.0 | 42 | 23 | 82.6 |
| Proposals | 1 | 0 | 0 | -- | -- | 4 | 9 | -55.6 |
| Health Care and Social Assistance | 6 | 4 | 3 | 50.0 | 100.0 | 81 | 55 | 47.3 |
| Bankruptcies | 6 | 2 | 2 | 200.0 | 200.0 | 61 | 45 | 35.6 |
| Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 20 | 10 | 100.0 |
| Arts, Entertainment and Recreation | 4 | 1 | 10 | 300.0 | -60.0 | 78 | 86 | -9.3 |
| Bankruptcies | 4 | 1 | 8 | 300.0 | -50.0 | 67 | 70 | -4.3 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 11 | 16 | -31.3 |
| Accommodation and Food Services | 51 | 47 | 51 | 8.5 | 0.0 | 618 | 653 | -5.4 |
| Bankruptcies | 36 | 36 | 38 | 0.0 | -5.3 | 457 | 455 | 0.4 |
| Proposals | 15 | 11 | 13 | 36.4 | 15.4 | 161 | 198 | -18.7 |
| Other Services (except Public Administration) | 11 | 14 | 19 | -21.4 | -42.1 | 237 | 261 | -9.2 |
| Bankruptcies | 9 | 11 | 12 | -18.2 | -25.0 | 193 | 194 | -0.5 |
| Proposals | 2 | 3 | 7 | -33.3 | -71.4 | 44 | 67 | -34.3 |
| Public Administration | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 319 | 319 | 319 | 0.0 | 0.0 | 4,217 | 4,264 | -1.1 |
| Bankruptcies | 245 | 234 | 247 | 4.7 | -0.8 | 3,142 | 3,153 | -0.3 |
| Proposals | 74 | 85 | 72 | -12.9 | 2.8 | 1,075 | 1,111 | -3.2 |