Detailed report
PDF Version
Insolvency Statistics in Canada
April 2015
241 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 | |||||
|---|---|---|---|---|---|---|---|---|
| April 2015 | March 2015 | April 2014 | March 2015 to April 2015 | April 2014 to April 2015 | 04-30-2015 | 04-30-2014 | % change | |
| Newfoundland and Labrador | 180 | 143 | 146 | 25.9 | 23.3 | 1,620 | 1,649 | -1.8 |
| Bankruptcies | 152 | 119 | 134 | 27.7 | 13.4 | 1,380 | 1,480 | -6.8 |
| Proposals | 28 | 24 | 12 | 16.7 | 133.3 | 240 | 169 | 42.0 |
| Prince Edward Island | 83 | 78 | 55 | 6.4 | 50.9 | 775 | 683 | 13.5 |
| Bankruptcies | 50 | 46 | 43 | 8.7 | 16.3 | 526 | 471 | 11.7 |
| Proposals | 33 | 32 | 12 | 3.1 | 175.0 | 249 | 212 | 17.5 |
| Nova Scotia | 495 | 461 | 500 | 7.4 | -1.0 | 5,388 | 4,924 | 9.4 |
| Bankruptcies | 383 | 306 | 359 | 25.2 | 6.7 | 3,847 | 3,425 | 12.3 |
| Proposals | 112 | 155 | 141 | -27.7 | -20.6 | 1,541 | 1,499 | 2.8 |
| New Brunswick | 394 | 382 | 430 | 3.1 | -8.4 | 4,355 | 4,201 | 3.7 |
| Bankruptcies | 250 | 258 | 304 | -3.1 | -17.8 | 3,001 | 2,953 | 1.6 |
| Proposals | 144 | 124 | 126 | 16.1 | 14.3 | 1,354 | 1,248 | 8.5 |
| Quebec | 4,275 | 4,309 | 3,953 | -0.8 | 8.1 | 45,128 | 42,696 | 5.7 |
| Bankruptcies | 2,475 | 2,379 | 2,431 | 4.0 | 1.8 | 26,139 | 26,607 | -1.8 |
| Proposals | 1,800 | 1,930 | 1,522 | -6.7 | 18.3 | 18,989 | 16,089 | 18.0 |
| Ontario | 3,841 | 4,061 | 3,871 | -5.4 | -0.8 | 41,851 | 44,286 | -5.5 |
| Bankruptcies | 1,812 | 1,814 | 1,846 | -0.1 | -1.8 | 19,746 | 21,882 | -9.8 |
| Proposals | 2,029 | 2,247 | 2,025 | -9.7 | 0.2 | 22,105 | 22,404 | -1.3 |
| Manitoba | 165 | 194 | 176 | -14.9 | -6.3 | 2,028 | 1,911 | 6.1 |
| Bankruptcies | 120 | 118 | 116 | 1.7 | 3.4 | 1,287 | 1,255 | 2.5 |
| Proposals | 45 | 76 | 60 | -40.8 | -25.0 | 741 | 656 | 13.0 |
| Saskatchewan | 199 | 212 | 196 | -6.1 | 1.5 | 2,070 | 1,926 | 7.5 |
| Bankruptcies | 118 | 111 | 109 | 6.3 | 8.3 | 1,139 | 1,158 | -1.6 |
| Proposals | 81 | 101 | 87 | -19.8 | -6.9 | 931 | 768 | 21.2 |
| Alberta | 781 | 858 | 790 | -9.0 | -1.1 | 8,585 | 8,276 | 3.7 |
| Bankruptcies | 376 | 394 | 376 | -4.6 | 0.0 | 3,954 | 4,427 | -10.7 |
| Proposals | 405 | 464 | 414 | -12.7 | -2.2 | 4,631 | 3,849 | 20.3 |
| British Columbia | 989 | 1,079 | 1,008 | -8.3 | -1.9 | 11,772 | 11,844 | -0.6 |
| Bankruptcies | 522 | 490 | 625 | 6.5 | -16.5 | 6,333 | 7,074 | -10.5 |
| Proposals | 467 | 589 | 383 | -20.7 | 21.9 | 5,439 | 4,770 | 14.0 |
| Northwest Territories | 2 | 5 | 2 | -60.0 | 0.0 | 43 | 54 | -20.4 |
| Bankruptcies | 1 | 3 | 0 | -66.7 | -- | 24 | 32 | -25.0 |
| Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 19 | 22 | -13.6 |
| Yukon | 1 | 4 | 6 | -75.0 | -83.3 | 37 | 36 | 2.8 |
| Bankruptcies | 0 | 2 | 3 | -100.0 | -100.0 | 19 | 26 | -26.9 |
| Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 18 | 10 | 80.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 5 | 7 | -28.6 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 4 | -25.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Canada | 11,405 | 11,786 | 11,133 | -3.2 | 2.4 | 123,657 | 122,493 | 1.0 |
| Bankruptcies | 6,259 | 6,040 | 6,346 | 3.6 | -1.4 | 67,398 | 70,794 | -4.8 |
| Proposals | 5,146 | 5,746 | 4,787 | -10.4 | 7.5 | 56,259 | 51,699 | 8.8 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| April 2015 | March 2015 | April 2014 | March 2015 to April 2015 | April 2014 to April 2015 | 04-30-2015 | 04-30-2014 | % change | |
| Newfoundland and Labrador | 178 | 141 | 145 | 26.2 | 22.8 | 1,592 | 1,615 | -1.4 |
| Bankruptcies | 150 | 118 | 133 | 27.1 | 12.8 | 1,355 | 1,457 | -7.0 |
| Proposals | 28 | 23 | 12 | 21.7 | 133.3 | 237 | 158 | 50.0 |
| Prince Edward Island | 80 | 76 | 55 | 5.3 | 45.5 | 753 | 665 | 13.2 |
| Bankruptcies | 47 | 45 | 43 | 4.4 | 9.3 | 509 | 459 | 10.9 |
| Proposals | 33 | 31 | 12 | 6.5 | 175.0 | 244 | 206 | 18.4 |
| Nova Scotia | 486 | 456 | 493 | 6.6 | -1.4 | 5,307 | 4,827 | 9.9 |
| Bankruptcies | 376 | 304 | 354 | 23.7 | 6.2 | 3,792 | 3,358 | 12.9 |
| Proposals | 110 | 152 | 139 | -27.6 | -20.9 | 1,515 | 1,469 | 3.1 |
| New Brunswick | 390 | 373 | 423 | 4.6 | -7.8 | 4,274 | 4,107 | 4.1 |
| Bankruptcies | 248 | 252 | 300 | -1.6 | -17.3 | 2,943 | 2,881 | 2.2 |
| Proposals | 142 | 121 | 123 | 17.4 | 15.4 | 1,331 | 1,226 | 8.6 |
| Quebec | 4,066 | 4,069 | 3,716 | -0.1 | 9.4 | 42,762 | 40,449 | 5.7 |
| Bankruptcies | 2,324 | 2,187 | 2,251 | 6.3 | 3.2 | 24,441 | 24,937 | -2.0 |
| Proposals | 1,742 | 1,882 | 1,465 | -7.4 | 18.9 | 18,321 | 15,512 | 18.1 |
| Ontario | 3,724 | 3,948 | 3,775 | -5.7 | -1.4 | 40,703 | 43,136 | -5.6 |
| Bankruptcies | 1,724 | 1,726 | 1,777 | -0.1 | -3.0 | 18,846 | 21,010 | -10.3 |
| Proposals | 2,000 | 2,222 | 1,998 | -10.0 | 0.1 | 21,857 | 22,126 | -1.2 |
| Manitoba | 162 | 190 | 167 | -14.7 | -3.0 | 1,987 | 1,841 | 7.9 |
| Bankruptcies | 117 | 115 | 107 | 1.7 | 9.3 | 1,257 | 1,196 | 5.1 |
| Proposals | 45 | 75 | 60 | -40.0 | -25.0 | 730 | 645 | 13.2 |
| Saskatchewan | 190 | 207 | 186 | -8.2 | 2.2 | 1,972 | 1,799 | 9.6 |
| Bankruptcies | 111 | 108 | 103 | 2.8 | 7.8 | 1,078 | 1,080 | -0.2 |
| Proposals | 79 | 99 | 83 | -20.2 | -4.8 | 894 | 719 | 24.3 |
| Alberta | 767 | 847 | 780 | -9.4 | -1.7 | 8,444 | 8,110 | 4.1 |
| Bankruptcies | 368 | 387 | 367 | -4.9 | 0.3 | 3,854 | 4,308 | -10.5 |
| Proposals | 399 | 460 | 413 | -13.3 | -3.4 | 4,590 | 3,802 | 20.7 |
| British Columbia | 974 | 1,065 | 991 | -8.5 | -1.7 | 11,542 | 11,597 | -0.5 |
| Bankruptcies | 510 | 484 | 611 | 5.4 | -16.5 | 6,156 | 6,893 | -10.7 |
| Proposals | 464 | 581 | 380 | -20.1 | 22.1 | 5,386 | 4,704 | 14.5 |
| Northwest Territories | 2 | 5 | 2 | -60.0 | 0.0 | 43 | 54 | -20.4 |
| Bankruptcies | 1 | 3 | 0 | -66.7 | -- | 24 | 32 | -25.0 |
| Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 19 | 22 | -13.6 |
| Yukon | 1 | 4 | 6 | -75.0 | -83.3 | 36 | 36 | 0.0 |
| Bankruptcies | 0 | 2 | 3 | -100.0 | -100.0 | 19 | 26 | -26.9 |
| Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 17 | 10 | 70.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 4 | 7 | -42.9 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 4 | -50.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Canada | 11,020 | 11,381 | 10,739 | -3.2 | 2.6 | 119,419 | 118,243 | 1.0 |
| Bankruptcies | 5,976 | 5,731 | 6,049 | 4.3 | -1.2 | 64,276 | 67,641 | -5.0 |
| Proposals | 5,044 | 5,650 | 4,690 | -10.7 | 7.5 | 55,143 | 50,602 | 9.0 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| April 2015 | March 2015 | April 2014 | March 2015 to April 2015 | April 2014 to April 2015 | 04-30-2015 | 04-30-2014 | % change | |
| Newfoundland and Labrador | 2 | 2 | 1 | 0.0 | 100.0 | 28 | 34 | -17.6 |
| Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 25 | 23 | 8.7 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 3 | 11 | -72.7 |
| Prince Edward Island | 3 | 2 | 0 | 50.0 | -- | 22 | 18 | 22.2 |
| Bankruptcies | 3 | 1 | 0 | 200.0 | -- | 17 | 12 | 41.7 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 5 | 6 | -16.7 |
| Nova Scotia | 9 | 5 | 7 | 80.0 | 28.6 | 81 | 97 | -16.5 |
| Bankruptcies | 7 | 2 | 5 | 250.0 | 40.0 | 55 | 67 | -17.9 |
| Proposals | 2 | 3 | 2 | -33.3 | 0.0 | 26 | 30 | -13.3 |
| New Brunswick | 4 | 9 | 7 | -55.6 | -42.9 | 81 | 94 | -13.8 |
| Bankruptcies | 2 | 6 | 4 | -66.7 | -50.0 | 58 | 72 | -19.4 |
| Proposals | 2 | 3 | 3 | -33.3 | -33.3 | 23 | 22 | 4.5 |
| Quebec | 209 | 240 | 237 | -12.9 | -11.8 | 2,366 | 2,247 | 5.3 |
| Bankruptcies | 151 | 192 | 180 | -21.4 | -16.1 | 1,698 | 1,670 | 1.7 |
| Proposals | 58 | 48 | 57 | 20.8 | 1.8 | 668 | 577 | 15.8 |
| Ontario | 117 | 113 | 96 | 3.5 | 21.9 | 1,148 | 1,150 | -0.2 |
| Bankruptcies | 88 | 88 | 69 | 0.0 | 27.5 | 900 | 872 | 3.2 |
| Proposals | 29 | 25 | 27 | 16.0 | 7.4 | 248 | 278 | -10.8 |
| Manitoba | 3 | 4 | 9 | -25.0 | -66.7 | 41 | 70 | -41.4 |
| Bankruptcies | 3 | 3 | 9 | 0.0 | -66.7 | 30 | 59 | -49.2 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 11 | 11 | 0.0 |
| Saskatchewan | 9 | 5 | 10 | 80.0 | -10.0 | 98 | 127 | -22.8 |
| Bankruptcies | 7 | 3 | 6 | 133.3 | 16.7 | 61 | 78 | -21.8 |
| Proposals | 2 | 2 | 4 | 0.0 | -50.0 | 37 | 49 | -24.5 |
| Alberta | 14 | 11 | 10 | 27.3 | 40.0 | 141 | 166 | -15.1 |
| Bankruptcies | 8 | 7 | 9 | 14.3 | -11.1 | 100 | 119 | -16.0 |
| Proposals | 6 | 4 | 1 | 50.0 | 500.0 | 41 | 47 | -12.8 |
| British Columbia | 15 | 14 | 17 | 7.1 | -11.8 | 230 | 247 | -6.9 |
| Bankruptcies | 12 | 6 | 14 | 100.0 | -14.3 | 177 | 181 | -2.2 |
| Proposals | 3 | 8 | 3 | -62.5 | 0.0 | 53 | 66 | -19.7 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 385 | 405 | 394 | -4.9 | -2.3 | 4,238 | 4,250 | -0.3 |
| Bankruptcies | 283 | 309 | 297 | -8.4 | -4.7 | 3,122 | 3,153 | -1.0 |
| Proposals | 102 | 96 | 97 | 6.3 | 5.2 | 1,116 | 1,097 | 1.7 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| April 2015 | March 2015 | April 2014 | March 2015 to April 2015 | April 2014 to April 2015 | 04-30-2015 | 04-30-2014 | % change | |
| Agriculture, Forestry, Fishing and Hunting | 10 | 10 | 5 | 0.0 | 100.0 | 93 | 128 | -27.3 |
| Bankruptcies | 6 | 2 | 3 | 200.0 | 100.0 | 53 | 90 | -41.1 |
| Proposals | 4 | 8 | 2 | -50.0 | 100.0 | 40 | 38 | 5.3 |
| Mining and Oil and Gas Extraction | 7 | 2 | 6 | 250.0 | 16.7 | 36 | 43 | -16.3 |
| Bankruptcies | 5 | 2 | 4 | 150.0 | 25.0 | 17 | 21 | -19.0 |
| Proposals | 2 | 0 | 2 | -- | 0.0 | 19 | 22 | -13.6 |
| Utilities | 2 | 0 | 0 | -- | -- | 12 | 9 | 33.3 |
| Bankruptcies | 2 | 0 | 0 | -- | -- | 8 | 6 | 33.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
| Construction | 82 | 73 | 69 | 12.3 | 18.8 | 739 | 741 | -0.3 |
| Bankruptcies | 56 | 58 | 49 | -3.4 | 14.3 | 539 | 555 | -2.9 |
| Proposals | 26 | 15 | 20 | 73.3 | 30.0 | 200 | 186 | 7.5 |
| Manufacturing | 41 | 36 | 28 | 13.9 | 46.4 | 397 | 401 | -1.0 |
| Bankruptcies | 27 | 25 | 21 | 8.0 | 28.6 | 277 | 284 | -2.5 |
| Proposals | 14 | 11 | 7 | 27.3 | 100.0 | 120 | 117 | 2.6 |
| Wholesale Trade | 19 | 23 | 26 | -17.4 | -26.9 | 229 | 228 | 0.4 |
| Bankruptcies | 16 | 20 | 18 | -20.0 | -11.1 | 164 | 153 | 7.2 |
| Proposals | 3 | 3 | 8 | 0.0 | -62.5 | 65 | 75 | -13.3 |
| Retail Trade | 41 | 52 | 39 | -21.2 | 5.1 | 514 | 507 | 1.4 |
| Bankruptcies | 35 | 36 | 30 | -2.8 | 16.7 | 380 | 405 | -6.2 |
| Proposals | 6 | 16 | 9 | -62.5 | -33.3 | 134 | 102 | 31.4 |
| Transportation and Warehousing | 21 | 28 | 27 | -25.0 | -22.2 | 264 | 248 | 6.5 |
| Bankruptcies | 14 | 24 | 20 | -41.7 | -30.0 | 180 | 191 | -5.8 |
| Proposals | 7 | 4 | 7 | 75.0 | 0.0 | 84 | 57 | 47.4 |
| Information and Cultural Industries | 9 | 5 | 7 | 80.0 | 28.6 | 74 | 57 | 29.8 |
| Bankruptcies | 5 | 4 | 5 | 25.0 | 0.0 | 52 | 41 | 26.8 |
| Proposals | 4 | 1 | 2 | 300.0 | 100.0 | 22 | 16 | 37.5 |
| Finance and Insurance | 7 | 4 | 4 | 75.0 | 75.0 | 82 | 76 | 7.9 |
| Bankruptcies | 5 | 4 | 3 | 25.0 | 66.7 | 66 | 58 | 13.8 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 16 | 18 | -11.1 |
| Real Estate and Rental and Leasing | 10 | 17 | 19 | -41.2 | -47.4 | 128 | 152 | -15.8 |
| Bankruptcies | 7 | 16 | 14 | -56.3 | -50.0 | 98 | 114 | -14.0 |
| Proposals | 3 | 1 | 5 | 200.0 | -40.0 | 30 | 38 | -21.1 |
| Professional, Scientific and Technical Services | 28 | 18 | 30 | 55.6 | -6.7 | 297 | 292 | 1.7 |
| Bankruptcies | 24 | 14 | 27 | 71.4 | -11.1 | 236 | 211 | 11.8 |
| Proposals | 4 | 4 | 3 | 0.0 | 33.3 | 61 | 81 | -24.7 |
| Management of Companies and Enterprises | 8 | 7 | 6 | 14.3 | 33.3 | 65 | 67 | -3.0 |
| Bankruptcies | 2 | 7 | 5 | -71.4 | -60.0 | 46 | 46 | 0.0 |
| Proposals | 6 | 0 | 1 | -- | 500.0 | 19 | 21 | -9.5 |
| Administrative and Support, Waste Management and Remediation Services | 16 | 22 | 26 | -27.3 | -38.5 | 220 | 200 | 10.0 |
| Bankruptcies | 15 | 17 | 19 | -11.8 | -21.1 | 163 | 141 | 15.6 |
| Proposals | 1 | 5 | 7 | -80.0 | -85.7 | 57 | 59 | -3.4 |
| Educational Services | 4 | 4 | 7 | 0.0 | -42.9 | 49 | 43 | 14.0 |
| Bankruptcies | 3 | 3 | 7 | 0.0 | -57.1 | 40 | 37 | 8.1 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 9 | 6 | 50.0 |
| Health Care and Social Assistance | 7 | 7 | 7 | 0.0 | 0.0 | 92 | 75 | 22.7 |
| Bankruptcies | 4 | 7 | 6 | -42.9 | -33.3 | 69 | 56 | 23.2 |
| Proposals | 3 | 0 | 1 | -- | 200.0 | 23 | 19 | 21.1 |
| Arts, Entertainment and Recreation | 6 | 13 | 7 | -53.8 | -14.3 | 83 | 81 | 2.5 |
| Bankruptcies | 4 | 7 | 6 | -42.9 | -33.3 | 61 | 69 | -11.6 |
| Proposals | 2 | 6 | 1 | -66.7 | 100.0 | 22 | 12 | 83.3 |
| Accommodation and Food Services | 52 | 62 | 56 | -16.1 | -7.1 | 661 | 649 | 1.8 |
| Bankruptcies | 41 | 45 | 36 | -8.9 | 13.9 | 513 | 473 | 8.5 |
| Proposals | 11 | 17 | 20 | -35.3 | -45.0 | 148 | 176 | -15.9 |
| Other Services (except Public Administration) | 15 | 22 | 24 | -31.8 | -37.5 | 203 | 252 | -19.4 |
| Bankruptcies | 12 | 18 | 23 | -33.3 | -47.8 | 160 | 201 | -20.4 |
| Proposals | 3 | 4 | 1 | -25.0 | 200.0 | 43 | 51 | -15.7 |
| Public Administration | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 385 | 405 | 394 | -4.9 | -2.3 | 4,238 | 4,250 | -0.3 |
| Bankruptcies | 283 | 309 | 297 | -8.4 | -4.7 | 3,122 | 3,153 | -1.0 |
| Proposals | 102 | 96 | 97 | 6.3 | 5.2 | 1,116 | 1,097 | 1.7 |