Detailed report
PDF Version
Insolvency Statistics in Canada
October 2014
620 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 | |||||
|---|---|---|---|---|---|---|---|---|
| Oct. 2014 | Sept. 2014 | Oct. 2013 | Sept. 2014 to Oct. 2014 | Oct. 2013 to Oct. 2014 | 10-31-2014 | 10-31-2013 | % Change | |
| Newfoundland and Labrador | 151 | 127 | 143 | 18.9 | 5.6 | 1,587 | 1,696 | -6.4 |
| Bankruptcies | 128 | 111 | 126 | 15.3 | 1.6 | 1,397 | 1,543 | -9.5 |
| Proposals | 23 | 16 | 17 | 43.8 | 35.3 | 190 | 153 | 24.2 |
| Prince Edward Island | 57 | 62 | 51 | -8.1 | 11.8 | 748 | 619 | 20.8 |
| Bankruptcies | 44 | 43 | 35 | 2.3 | 25.7 | 532 | 458 | 16.2 |
| Proposals | 13 | 19 | 16 | -31.6 | -18.8 | 216 | 161 | 34.2 |
| Nova Scotia | 511 | 500 | 463 | 2.2 | 10.4 | 5,194 | 4,739 | 9.6 |
| Bankruptcies | 372 | 360 | 333 | 3.3 | 11.7 | 3,698 | 3,334 | 10.9 |
| Proposals | 139 | 140 | 130 | -0.7 | 6.9 | 1,496 | 1,405 | 6.5 |
| New Brunswick | 394 | 393 | 387 | 0.3 | 1.8 | 4,310 | 3,966 | 8.7 |
| Bankruptcies | 285 | 275 | 269 | 3.6 | 5.9 | 3,032 | 2,903 | 4.4 |
| Proposals | 109 | 118 | 118 | -7.6 | -7.6 | 1,278 | 1,063 | 20.2 |
| Quebec | 4,210 | 3,694 | 4,010 | 14.0 | 5.0 | 43,311 | 41,576 | 4.2 |
| Bankruptcies | 2,490 | 2,200 | 2,514 | 13.2 | -1.0 | 25,995 | 26,815 | -3.1 |
| Proposals | 1,720 | 1,494 | 1,496 | 15.1 | 15.0 | 17,316 | 14,761 | 17.3 |
| Ontario | 3,776 | 3,537 | 4,075 | 6.8 | -7.3 | 42,585 | 45,967 | -7.4 |
| Bankruptcies | 1,765 | 1,706 | 2,071 | 3.5 | -14.8 | 20,373 | 22,984 | -11.4 |
| Proposals | 2,011 | 1,831 | 2,004 | 9.8 | 0.3 | 22,212 | 22,983 | -3.4 |
| Manitoba | 165 | 186 | 153 | -11.3 | 7.8 | 1,950 | 1,884 | 3.5 |
| Bankruptcies | 91 | 130 | 103 | -30.0 | -11.7 | 1,240 | 1,253 | -1.0 |
| Proposals | 74 | 56 | 50 | 32.1 | 48.0 | 710 | 631 | 12.5 |
| Saskatchewan | 183 | 181 | 155 | 1.1 | 18.1 | 2,046 | 1,769 | 15.7 |
| Bankruptcies | 107 | 104 | 95 | 2.9 | 12.6 | 1,187 | 1,083 | 9.6 |
| Proposals | 76 | 77 | 60 | -1.3 | 26.7 | 859 | 686 | 25.2 |
| Alberta | 727 | 707 | 731 | 2.8 | -0.5 | 8,287 | 8,647 | -4.2 |
| Bankruptcies | 353 | 318 | 398 | 11.0 | -11.3 | 4,020 | 4,994 | -19.5 |
| Proposals | 374 | 389 | 333 | -3.9 | 12.3 | 4,267 | 3,653 | 16.8 |
| British Columbia | 1,022 | 988 | 1,109 | 3.4 | -7.8 | 11,682 | 11,993 | -2.6 |
| Bankruptcies | 508 | 519 | 683 | -2.1 | -25.6 | 6,691 | 7,344 | -8.9 |
| Proposals | 514 | 469 | 426 | 9.6 | 20.7 | 4,991 | 4,649 | 7.4 |
| Northwest Territories | 4 | 1 | 8 | 300.0 | -50.0 | 47 | 48 | -2.1 |
| Bankruptcies | 4 | 0 | 4 | -- | 0.0 | 27 | 29 | -6.9 |
| Proposals | 0 | 1 | 4 | -100.0 | -100.0 | 20 | 19 | 5.3 |
| Yukon | 3 | 2 | 2 | 50.0 | 50.0 | 43 | 29 | 48.3 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 28 | 21 | 33.3 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 15 | 8 | 87.5 |
| Nunavut | 2 | 0 | 1 | -- | 100.0 | 7 | 4 | 75.0 |
| Bankruptcies | 2 | 0 | 0 | -- | -- | 5 | 2 | 150.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 2 | 2 | 0.0 |
| Canada | 11,205 | 10,378 | 11,288 | 8.0 | -0.7 | 121,797 | 122,937 | -0.9 |
| Bankruptcies | 6,150 | 5,767 | 6,632 | 6.6 | -7.3 | 68,225 | 72,763 | -6.2 |
| Proposals | 5,055 | 4,611 | 4,656 | 9.6 | 8.6 | 53,572 | 50,174 | 6.8 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Oct. 2014 | Sept. 2014 | Oct. 2013 | Sept. 2014 to Oct. 2014 | Oct. 2013 to Oct. 2014 | 10-31-2014 | 10-31-2013 | % Change | |
| Newfoundland and Labrador | 143 | 126 | 141 | 13.5 | 1.4 | 1,557 | 1,667 | -6.6 |
| Bankruptcies | 120 | 110 | 124 | 9.1 | -3.2 | 1,370 | 1,525 | -10.2 |
| Proposals | 23 | 16 | 17 | 43.8 | 35.3 | 187 | 142 | 31.7 |
| Prince Edward Island | 57 | 61 | 49 | -6.6 | 16.3 | 730 | 599 | 21.9 |
| Bankruptcies | 44 | 42 | 33 | 4.8 | 33.3 | 520 | 442 | 17.6 |
| Proposals | 13 | 19 | 16 | -31.6 | -18.8 | 210 | 157 | 33.8 |
| Nova Scotia | 507 | 497 | 452 | 2.0 | 12.2 | 5,115 | 4,624 | 10.6 |
| Bankruptcies | 368 | 357 | 326 | 3.1 | 12.9 | 3,645 | 3,246 | 12.3 |
| Proposals | 139 | 140 | 126 | -0.7 | 10.3 | 1,470 | 1,378 | 6.7 |
| New Brunswick | 384 | 386 | 383 | -0.5 | 0.3 | 4,216 | 3,900 | 8.1 |
| Bankruptcies | 276 | 268 | 266 | 3.0 | 3.8 | 2,955 | 2,852 | 3.6 |
| Proposals | 108 | 118 | 117 | -8.5 | -7.7 | 1,261 | 1,048 | 20.3 |
| Quebec | 3,984 | 3,506 | 3,811 | 13.6 | 4.5 | 41,038 | 39,420 | 4.1 |
| Bankruptcies | 2,326 | 2,057 | 2,363 | 13.1 | -1.6 | 24,317 | 25,225 | -3.6 |
| Proposals | 1,658 | 1,449 | 1,448 | 14.4 | 14.5 | 16,721 | 14,195 | 17.8 |
| Ontario | 3,656 | 3,458 | 3,968 | 5.7 | -7.9 | 41,473 | 44,728 | -7.3 |
| Bankruptcies | 1,671 | 1,636 | 1,989 | 2.1 | -16.0 | 19,514 | 22,011 | -11.3 |
| Proposals | 1,985 | 1,822 | 1,979 | 8.9 | 0.3 | 21,959 | 22,717 | -3.3 |
| Manitoba | 162 | 184 | 146 | -12.0 | 11.0 | 1,892 | 1,819 | 4.0 |
| Bankruptcies | 89 | 128 | 98 | -30.5 | -9.2 | 1,193 | 1,198 | -0.4 |
| Proposals | 73 | 56 | 48 | 30.4 | 52.1 | 699 | 621 | 12.6 |
| Saskatchewan | 177 | 173 | 150 | 2.3 | 18.0 | 1,918 | 1,661 | 15.5 |
| Bankruptcies | 103 | 100 | 91 | 3.0 | 13.2 | 1,114 | 1,016 | 9.6 |
| Proposals | 74 | 73 | 59 | 1.4 | 25.4 | 804 | 645 | 24.7 |
| Alberta | 711 | 698 | 711 | 1.9 | 0.0 | 8,134 | 8,437 | -3.6 |
| Bankruptcies | 339 | 313 | 383 | 8.3 | -11.5 | 3,912 | 4,848 | -19.3 |
| Proposals | 372 | 385 | 328 | -3.4 | 13.4 | 4,222 | 3,589 | 17.6 |
| British Columbia | 1,012 | 971 | 1,089 | 4.2 | -7.1 | 11,427 | 11,731 | -2.6 |
| Bankruptcies | 498 | 505 | 672 | -1.4 | -25.9 | 6,489 | 7,153 | -9.3 |
| Proposals | 514 | 466 | 417 | 10.3 | 23.3 | 4,938 | 4,578 | 7.9 |
| Northwest Territories | 4 | 1 | 8 | 300.0 | -50.0 | 47 | 48 | -2.1 |
| Bankruptcies | 4 | 0 | 4 | -- | 0.0 | 27 | 29 | -6.9 |
| Proposals | 0 | 1 | 4 | -100.0 | -100.0 | 20 | 19 | 5.3 |
| Yukon | 3 | 2 | 2 | 50.0 | 50.0 | 43 | 27 | 59.3 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 28 | 19 | 47.4 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 15 | 8 | 87.5 |
| Nunavut | 1 | 0 | 1 | -- | 0.0 | 6 | 4 | 50.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 4 | 2 | 100.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 2 | 2 | 0.0 |
| Canada | 10,801 | 10,063 | 10,911 | 7.3 | -1.0 | 117,596 | 118,665 | -0.9 |
| Bankruptcies | 5,840 | 5,517 | 6,350 | 5.9 | -8.0 | 65,088 | 69,566 | -6.4 |
| Proposals | 4,961 | 4,546 | 4,561 | 9.1 | 8.8 | 52,508 | 49,099 | 6.9 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Oct. 2014 | Sept. 2014 | Oct. 2013 | Sept. 2014 to Oct. 2014 | Oct. 2013 to Oct. 2014 | 10-31-2014 | 10-31-2013 | % Change | |
| Newfoundland and Labrador | 8 | 1 | 2 | 700.0 | 300.0 | 30 | 29 | 3.4 |
| Bankruptcies | 8 | 1 | 2 | 700.0 | 300.0 | 27 | 18 | 50.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 3 | 11 | -72.7 |
| Prince Edward Island | 0 | 1 | 2 | -100.0 | -100.0 | 18 | 20 | -10.0 |
| Bankruptcies | 0 | 1 | 2 | -100.0 | -100.0 | 12 | 16 | -25.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 6 | 4 | 50.0 |
| Nova Scotia | 4 | 3 | 11 | 33.3 | -63.6 | 79 | 115 | -31.3 |
| Bankruptcies | 4 | 3 | 7 | 33.3 | -42.9 | 53 | 88 | -39.8 |
| Proposals | 0 | 0 | 4 | -- | -100.0 | 26 | 27 | -3.7 |
| New Brunswick | 10 | 7 | 4 | 42.9 | 150.0 | 94 | 66 | 42.4 |
| Bankruptcies | 9 | 7 | 3 | 28.6 | 200.0 | 77 | 51 | 51.0 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 17 | 15 | 13.3 |
| Quebec | 226 | 188 | 199 | 20.2 | 13.6 | 2,273 | 2,156 | 5.4 |
| Bankruptcies | 164 | 143 | 151 | 14.7 | 8.6 | 1,678 | 1,590 | 5.5 |
| Proposals | 62 | 45 | 48 | 37.8 | 29.2 | 595 | 566 | 5.1 |
| Ontario | 120 | 79 | 107 | 51.9 | 12.1 | 1,112 | 1,239 | -10.3 |
| Bankruptcies | 94 | 70 | 82 | 34.3 | 14.6 | 859 | 973 | -11.7 |
| Proposals | 26 | 9 | 25 | 188.9 | 4.0 | 253 | 266 | -4.9 |
| Manitoba | 3 | 2 | 7 | 50.0 | -57.1 | 58 | 65 | -10.8 |
| Bankruptcies | 2 | 2 | 5 | 0.0 | -60.0 | 47 | 55 | -14.5 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 11 | 10 | 10.0 |
| Saskatchewan | 6 | 8 | 5 | -25.0 | 20.0 | 128 | 108 | 18.5 |
| Bankruptcies | 4 | 4 | 4 | 0.0 | 0.0 | 73 | 67 | 9.0 |
| Proposals | 2 | 4 | 1 | -50.0 | 100.0 | 55 | 41 | 34.1 |
| Alberta | 16 | 9 | 20 | 77.8 | -20.0 | 153 | 210 | -27.1 |
| Bankruptcies | 14 | 5 | 15 | 180.0 | -6.7 | 108 | 146 | -26.0 |
| Proposals | 2 | 4 | 5 | -50.0 | -60.0 | 45 | 64 | -29.7 |
| British Columbia | 10 | 17 | 20 | -41.2 | -50.0 | 255 | 262 | -2.7 |
| Bankruptcies | 10 | 14 | 11 | -28.6 | -9.1 | 202 | 191 | 5.8 |
| Proposals | 0 | 3 | 9 | -100.0 | -100.0 | 53 | 71 | -25.4 |
| 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 | 1 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 404 | 315 | 377 | 28.3 | 7.2 | 4,201 | 4,272 | -1.7 |
| Bankruptcies | 310 | 250 | 282 | 24.0 | 9.9 | 3,137 | 3,197 | -1.9 |
| Proposals | 94 | 65 | 95 | 44.6 | -1.1 | 1,064 | 1,075 | -1.0 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Oct. 2014 | Sept. 2014 | Oct. 2013 | Sept. 2014 to Oct. 2014 | Oct. 2013 to Oct. 2014 | 10-31-2014 | 10-31-2013 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 7 | 6 | 10 | 16.7 | -30.0 | 103 | 123 | -16.3 |
| Bankruptcies | 6 | 4 | 7 | 50.0 | -14.3 | 72 | 85 | -15.3 |
| Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 31 | 38 | -18.4 |
| Mining and Oil and Gas Extraction | 3 | 5 | 3 | -40.0 | 0.0 | 44 | 36 | 22.2 |
| Bankruptcies | 2 | 2 | 2 | 0.0 | 0.0 | 20 | 20 | 0.0 |
| Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 24 | 16 | 50.0 |
| Utilities | 0 | 2 | 1 | -100.0 | -100.0 | 14 | 10 | 40.0 |
| Bankruptcies | 0 | 2 | 0 | -100.0 | -- | 11 | 3 | 266.7 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 3 | 7 | -57.1 |
| Construction | 59 | 49 | 57 | 20.4 | 3.5 | 726 | 753 | -3.6 |
| Bankruptcies | 43 | 37 | 43 | 16.2 | 0.0 | 543 | 562 | -3.4 |
| Proposals | 16 | 12 | 14 | 33.3 | 14.3 | 183 | 191 | -4.2 |
| Manufacturing | 40 | 33 | 42 | 21.2 | -4.8 | 390 | 424 | -8.0 |
| Bankruptcies | 24 | 25 | 32 | -4.0 | -25.0 | 277 | 301 | -8.0 |
| Proposals | 16 | 8 | 10 | 100.0 | 60.0 | 113 | 123 | -8.1 |
| Wholesale Trade | 17 | 13 | 26 | 30.8 | -34.6 | 228 | 232 | -1.7 |
| Bankruptcies | 11 | 8 | 19 | 37.5 | -42.1 | 150 | 170 | -11.8 |
| Proposals | 6 | 5 | 7 | 20.0 | -14.3 | 78 | 62 | 25.8 |
| Retail Trade | 50 | 44 | 45 | 13.6 | 11.1 | 517 | 516 | 0.2 |
| Bankruptcies | 38 | 33 | 37 | 15.2 | 2.7 | 397 | 411 | -3.4 |
| Proposals | 12 | 11 | 8 | 9.1 | 50.0 | 120 | 105 | 14.3 |
| Transportation and Warehousing | 29 | 17 | 14 | 70.6 | 107.1 | 245 | 249 | -1.6 |
| Bankruptcies | 23 | 16 | 12 | 43.8 | 91.7 | 195 | 200 | -2.5 |
| Proposals | 6 | 1 | 2 | 500.0 | 200.0 | 50 | 49 | 2.0 |
| Information and Cultural Industries | 9 | 7 | 1 | 28.6 | 800.0 | 68 | 54 | 25.9 |
| Bankruptcies | 5 | 6 | 1 | -16.7 | 400.0 | 46 | 48 | -4.2 |
| Proposals | 4 | 1 | 0 | 300.0 | -- | 22 | 6 | 266.7 |
| Finance and Insurance | 10 | 6 | 7 | 66.7 | 42.9 | 75 | 82 | -8.5 |
| Bankruptcies | 7 | 5 | 4 | 40.0 | 75.0 | 55 | 69 | -20.3 |
| Proposals | 3 | 1 | 3 | 200.0 | 0.0 | 20 | 13 | 53.8 |
| Real Estate and Rental and Leasing | 12 | 6 | 22 | 100.0 | -45.5 | 140 | 140 | 0.0 |
| Bankruptcies | 10 | 5 | 14 | 100.0 | -28.6 | 106 | 105 | 1.0 |
| Proposals | 2 | 1 | 8 | 100.0 | -75.0 | 34 | 35 | -2.9 |
| Professional, Scientific and Technical Services | 30 | 23 | 29 | 30.4 | 3.4 | 291 | 310 | -6.1 |
| Bankruptcies | 25 | 19 | 23 | 31.6 | 8.7 | 224 | 228 | -1.8 |
| Proposals | 5 | 4 | 6 | 25.0 | -16.7 | 67 | 82 | -18.3 |
| Management of Companies and Enterprises | 4 | 4 | 3 | 0.0 | 33.3 | 57 | 67 | -14.9 |
| Bankruptcies | 2 | 3 | 2 | -33.3 | 0.0 | 42 | 46 | -8.7 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 15 | 21 | -28.6 |
| Administrative and Support, Waste Management and Remediation Services | 22 | 17 | 16 | 29.4 | 37.5 | 209 | 202 | 3.5 |
| Bankruptcies | 18 | 15 | 10 | 20.0 | 80.0 | 156 | 149 | 4.7 |
| Proposals | 4 | 2 | 6 | 100.0 | -33.3 | 53 | 53 | 0.0 |
| Educational Services | 4 | 3 | 5 | 33.3 | -20.0 | 48 | 37 | 29.7 |
| Bankruptcies | 4 | 1 | 4 | 300.0 | 0.0 | 41 | 28 | 46.4 |
| Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 7 | 9 | -22.2 |
| Health Care and Social Assistance | 21 | 6 | 6 | 250.0 | 250.0 | 96 | 56 | 71.4 |
| Bankruptcies | 17 | 5 | 3 | 240.0 | 466.7 | 74 | 43 | 72.1 |
| Proposals | 4 | 1 | 3 | 300.0 | 33.3 | 22 | 13 | 69.2 |
| Arts, Entertainment and Recreation | 6 | 8 | 4 | -25.0 | 50.0 | 80 | 87 | -8.0 |
| Bankruptcies | 6 | 7 | 4 | -14.3 | 50.0 | 69 | 74 | -6.8 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 11 | 13 | -15.4 |
| Accommodation and Food Services | 63 | 47 | 55 | 34.0 | 14.5 | 650 | 636 | 2.2 |
| Bankruptcies | 53 | 39 | 38 | 35.9 | 39.5 | 480 | 457 | 5.0 |
| Proposals | 10 | 8 | 17 | 25.0 | -41.2 | 170 | 179 | -5.0 |
| Other Services (except Public Administration) | 18 | 19 | 31 | -5.3 | -41.9 | 219 | 258 | -15.1 |
| Bankruptcies | 16 | 18 | 27 | -11.1 | -40.7 | 178 | 198 | -10.1 |
| Proposals | 2 | 1 | 4 | 100.0 | -50.0 | 41 | 60 | -31.7 |
| Public Administration | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 404 | 315 | 377 | 28.3 | 7.2 | 4,201 | 4,272 | -1.7 |
| Bankruptcies | 310 | 250 | 282 | 24.0 | 9.9 | 3,137 | 3,197 | -1.9 |
| Proposals | 94 | 65 | 95 | 44.6 | -1.1 | 1,064 | 1,075 | -1.0 |