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Insolvency Statistics in Canada
November 2015
734 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 annualstatistics can be more indicative of the evolution of insolvency volumes.
Definitions
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumergoods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individualwho 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 inbankruptcy or against whom a bankruptcy order has been made.
- Proposal:
- An offer to creditors to settle debts under conditions other than the existingterms. 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 | |||||
|---|---|---|---|---|---|---|---|---|
| November 2015 | October 2015 | November 2014 | Oct. 2015 to Nov. 2015 | Nov. 2014 to Nov. 2015 | 11-30-2015 | 11-30-2014 | % Change | |
| Newfoundland and Labrador | 161 | 191 | 131 | -15.7 | 22.9 | 1,821 | 1,571 | 15.9 |
| Bankruptcies | 110 | 142 | 110 | -22.5 | 0.0 | 1,489 | 1,379 | 8.0 |
| Proposals | 51 | 49 | 21 | 4.1 | 142.9 | 332 | 192 | 72.9 |
| Prince Edward Island | 81 | 79 | 55 | 2.5 | 47.3 | 818 | 740 | 10.5 |
| Bankruptcies | 58 | 51 | 35 | 13.7 | 65.7 | 522 | 522 | 0.0 |
| Proposals | 23 | 28 | 20 | -17.9 | 15.0 | 296 | 218 | 35.8 |
| Nova Scotia | 456 | 494 | 375 | -7.7 | 21.6 | 5,327 | 5,207 | 2.3 |
| Bankruptcies | 313 | 354 | 285 | -11.6 | 9.8 | 3,730 | 3,718 | 0.3 |
| Proposals | 143 | 140 | 90 | 2.1 | 58.9 | 1,597 | 1,489 | 7.3 |
| New Brunswick | 346 | 364 | 356 | -4.9 | -2.8 | 4,444 | 4,303 | 3.3 |
| Bankruptcies | 221 | 238 | 247 | -7.1 | -10.5 | 2,914 | 3,025 | -3.7 |
| Proposals | 125 | 126 | 109 | -0.8 | 14.7 | 1,530 | 1,278 | 19.7 |
| Quebec | 3,793 | 4,061 | 3,724 | -6.6 | 1.9 | 45,881 | 43,503 | 5.5 |
| Bankruptcies | 2,135 | 2,287 | 2,185 | -6.6 | -2.3 | 26,086 | 26,026 | 0.2 |
| Proposals | 1,658 | 1,774 | 1,539 | -6.5 | 7.7 | 19,795 | 17,477 | 13.3 |
| Ontario | 3,277 | 3,481 | 3,248 | -5.9 | 0.9 | 40,904 | 42,108 | -2.9 |
| Bankruptcies | 1,493 | 1,554 | 1,531 | -3.9 | -2.5 | 18,919 | 20,017 | -5.5 |
| Proposals | 1,784 | 1,927 | 1,717 | -7.4 | 3.9 | 21,985 | 22,091 | -0.5 |
| Manitoba | 199 | 187 | 166 | 6.4 | 19.9 | 2,140 | 1,946 | 10.0 |
| Bankruptcies | 104 | 110 | 117 | -5.5 | -11.1 | 1,320 | 1,244 | 6.1 |
| Proposals | 95 | 77 | 49 | 23.4 | 93.9 | 820 | 702 | 16.8 |
| Saskatchewan | 195 | 201 | 130 | -3.0 | 50.0 | 2,267 | 2,018 | 12.3 |
| Bankruptcies | 114 | 108 | 63 | 5.6 | 81.0 | 1,208 | 1,160 | 4.1 |
| Proposals | 81 | 93 | 67 | -12.9 | 20.9 | 1,059 | 858 | 23.4 |
| Alberta | 918 | 924 | 654 | -0.6 | 40.4 | 9,780 | 8,312 | 17.7 |
| Bankruptcies | 370 | 387 | 302 | -4.4 | 22.5 | 4,263 | 3,991 | 6.8 |
| Proposals | 548 | 537 | 352 | 2.0 | 55.7 | 5,517 | 4,321 | 27.7 |
| British Columbia | 980 | 933 | 892 | 5.0 | 9.9 | 11,762 | 11,564 | 1.7 |
| Bankruptcies | 482 | 440 | 478 | 9.5 | 0.8 | 5,907 | 6,582 | -10.3 |
| Proposals | 498 | 493 | 414 | 1.0 | 20.3 | 5,855 | 4,982 | 17.5 |
| Northwest Territories | 8 | 5 | 5 | 60.0 | 60.0 | 49 | 47 | 4.3 |
| Bankruptcies | 5 | 4 | 1 | 25.0 | 400.0 | 29 | 25 | 16.0 |
| Proposals | 3 | 1 | 4 | 200.0 | -25.0 | 20 | 22 | -9.1 |
| Yukon | 1 | 1 | 2 | 0.0 | -50.0 | 36 | 39 | -7.7 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 18 | 23 | -21.7 |
| Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 18 | 16 | 12.5 |
| Nunavut | 2 | 1 | 0 | 100.0 | -- | 6 | 6 | 0.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 3 | 4 | -25.0 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 3 | 2 | 50.0 |
| Canada | 10,417 | 10,922 | 9,738 | -4.6 | 7.0 | 125,235 | 121,364 | 3.2 |
| Bankruptcies | 5,407 | 5,675 | 5,354 | -4.7 | 1.0 | 66,408 | 67,716 | -1.9 |
| Proposals | 5,010 | 5,247 | 4,384 | -4.5 | 14.3 | 58,827 | 53,648 | 9.7 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| November 2015 | October 2015 | November 2014 | Oct. 2015 to Nov. 2015 | Nov. 2014 to Nov. 2015 | 11-30-2015 | 11-30-2014 | % Change | |
| Newfoundland and Labrador | 156 | 190 | 129 | -17.9 | 20.9 | 1,793 | 1,540 | 16.4 |
| Bankruptcies | 106 | 141 | 108 | -24.8 | -1.9 | 1,466 | 1,351 | 8.5 |
| Proposals | 50 | 49 | 21 | 2.0 | 138.1 | 327 | 189 | 73.0 |
| Prince Edward Island | 80 | 77 | 53 | 3.9 | 50.9 | 800 | 721 | 11.0 |
| Bankruptcies | 57 | 49 | 33 | 16.3 | 72.7 | 508 | 509 | -0.2 |
| Proposals | 23 | 28 | 20 | -17.9 | 15.0 | 292 | 212 | 37.7 |
| Nova Scotia | 449 | 490 | 368 | -8.4 | 22.0 | 5,233 | 5,132 | 2.0 |
| Bankruptcies | 306 | 351 | 280 | -12.8 | 9.3 | 3,662 | 3,666 | -0.1 |
| Proposals | 143 | 139 | 88 | 2.9 | 62.5 | 1,571 | 1,466 | 7.2 |
| New Brunswick | 343 | 357 | 348 | -3.9 | -1.4 | 4,367 | 4,216 | 3.6 |
| Bankruptcies | 218 | 232 | 243 | -6.0 | -10.3 | 2,859 | 2,956 | -3.3 |
| Proposals | 125 | 125 | 105 | 0.0 | 19.0 | 1,508 | 1,260 | 19.7 |
| Quebec | 3,600 | 3,877 | 3,516 | -7.1 | 2.4 | 43,627 | 41,194 | 5.9 |
| Bankruptcies | 1,979 | 2,151 | 2,039 | -8.0 | -2.9 | 24,428 | 24,322 | 0.4 |
| Proposals | 1,621 | 1,726 | 1,477 | -6.1 | 9.7 | 19,199 | 16,872 | 13.8 |
| Ontario | 3,188 | 3,402 | 3,156 | -6.3 | 1.0 | 39,769 | 40,989 | -3.0 |
| Bankruptcies | 1,418 | 1,496 | 1,458 | -5.2 | -2.7 | 18,046 | 19,154 | -5.8 |
| Proposals | 1,770 | 1,906 | 1,698 | -7.1 | 4.2 | 21,723 | 21,835 | -0.5 |
| Manitoba | 197 | 183 | 160 | 7.7 | 23.1 | 2,103 | 1,887 | 11.4 |
| Bankruptcies | 102 | 107 | 111 | -4.7 | -8.1 | 1,295 | 1,193 | 8.5 |
| Proposals | 95 | 76 | 49 | 25.0 | 93.9 | 808 | 694 | 16.4 |
| Saskatchewan | 181 | 189 | 126 | -4.2 | 43.7 | 2,143 | 1,904 | 12.6 |
| Bankruptcies | 102 | 101 | 60 | 1.0 | 70.0 | 1,119 | 1,091 | 2.6 |
| Proposals | 79 | 88 | 66 | -10.2 | 19.7 | 1,024 | 813 | 26.0 |
| Alberta | 906 | 916 | 643 | -1.1 | 40.9 | 9,643 | 8,158 | 18.2 |
| Bankruptcies | 362 | 380 | 292 | -4.7 | 24.0 | 4,167 | 3,881 | 7.4 |
| Proposals | 544 | 536 | 351 | 1.5 | 55.0 | 5,476 | 4,277 | 28.0 |
| British Columbia | 948 | 905 | 877 | 4.8 | 8.1 | 11,531 | 11,318 | 1.9 |
| Bankruptcies | 467 | 423 | 466 | 10.4 | 0.2 | 5,750 | 6,387 | -10.0 |
| Proposals | 481 | 482 | 411 | -0.2 | 17.0 | 5,781 | 4,931 | 17.2 |
| Northwest Territories | 8 | 5 | 5 | 60.0 | 60.0 | 49 | 47 | 4.3 |
| Bankruptcies | 5 | 4 | 1 | 25.0 | 400.0 | 29 | 25 | 16.0 |
| Proposals | 3 | 1 | 4 | 200.0 | -25.0 | 20 | 22 | -9.1 |
| Yukon | 1 | 1 | 2 | 0.0 | -50.0 | 35 | 39 | -10.3 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 18 | 23 | -21.7 |
| Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 17 | 16 | 6.3 |
| Nunavut | 2 | 1 | 0 | 100.0 | -- | 6 | 5 | 20.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 3 | 3 | 0.0 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 3 | 2 | 50.0 |
| Canada | 10,059 | 10,593 | 9,383 | -5.0 | 7.2 | 121,099 | 117,150 | 3.4 |
| Bankruptcies | 5,124 | 5,435 | 5,091 | -5.7 | 0.6 | 63,350 | 64,561 | -1.9 |
| Proposals | 4,935 | 5,158 | 4,292 | -4.3 | 15.0 | 57,749 | 52,589 | 9.8 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| November 2015 | October 2015 | November 2014 | Oct. 2015 to Nov. 2015 | Nov. 2014 to Nov. 2015 | 11-30-2015 | 11-30-2014 | % Change | |
| Newfoundland and Labrador | 5 | 1 | 2 | 400.0 | 150.0 | 28 | 31 | -9.7 |
| Bankruptcies | 4 | 1 | 2 | 300.0 | 100.0 | 23 | 28 | -17.9 |
| Proposals | 1 | 0 | 0 | -- | -- | 5 | 3 | 66.7 |
| Prince Edward Island | 1 | 2 | 2 | -50.0 | -50.0 | 18 | 19 | -5.3 |
| Bankruptcies | 1 | 2 | 2 | -50.0 | -50.0 | 14 | 13 | 7.7 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 6 | -33.3 |
| Nova Scotia | 7 | 4 | 7 | 75.0 | 0.0 | 94 | 75 | 25.3 |
| Bankruptcies | 7 | 3 | 5 | 133.3 | 40.0 | 68 | 52 | 30.8 |
| Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 26 | 23 | 13.0 |
| New Brunswick | 3 | 7 | 8 | -57.1 | -62.5 | 77 | 87 | -11.5 |
| Bankruptcies | 3 | 6 | 4 | -50.0 | -25.0 | 55 | 69 | -20.3 |
| Proposals | 0 | 1 | 4 | -100.0 | -100.0 | 22 | 18 | 22.2 |
| Quebec | 193 | 184 | 208 | 4.9 | -7.2 | 2,254 | 2,309 | -2.4 |
| Bankruptcies | 156 | 136 | 146 | 14.7 | 6.8 | 1,658 | 1,704 | -2.7 |
| Proposals | 37 | 48 | 62 | -22.9 | -40.3 | 596 | 605 | -1.5 |
| Ontario | 89 | 79 | 92 | 12.7 | -3.3 | 1,135 | 1,119 | 1.4 |
| Bankruptcies | 75 | 58 | 73 | 29.3 | 2.7 | 873 | 863 | 1.2 |
| Proposals | 14 | 21 | 19 | -33.3 | -26.3 | 262 | 256 | 2.3 |
| Manitoba | 2 | 4 | 6 | -50.0 | -66.7 | 37 | 59 | -37.3 |
| Bankruptcies | 2 | 3 | 6 | -33.3 | -66.7 | 25 | 51 | -51.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 12 | 8 | 50.0 |
| Saskatchewan | 14 | 12 | 4 | 16.7 | 250.0 | 124 | 114 | 8.8 |
| Bankruptcies | 12 | 7 | 3 | 71.4 | 300.0 | 89 | 69 | 29.0 |
| Proposals | 2 | 5 | 1 | -60.0 | 100.0 | 35 | 45 | -22.2 |
| Alberta | 12 | 8 | 11 | 50.0 | 9.1 | 137 | 154 | -11.0 |
| Bankruptcies | 8 | 7 | 10 | 14.3 | -20.0 | 96 | 110 | -12.7 |
| Proposals | 4 | 1 | 1 | 300.0 | 300.0 | 41 | 44 | -6.8 |
| British Columbia | 32 | 28 | 15 | 14.3 | 113.3 | 231 | 246 | -6.1 |
| Bankruptcies | 15 | 17 | 12 | -11.8 | 25.0 | 157 | 195 | -19.5 |
| Proposals | 17 | 11 | 3 | 54.5 | 466.7 | 74 | 51 | 45.1 |
| 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 | -- | -- | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 358 | 329 | 355 | 8.8 | 0.8 | 4,136 | 4,214 | -1.9 |
| Bankruptcies | 283 | 240 | 263 | 17.9 | 7.6 | 3,058 | 3,155 | -3.1 |
| Proposals | 75 | 89 | 92 | -15.7 | -18.5 | 1,078 | 1,059 | 1.8 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| November 2015 | October 2015 | November 2014 | Oct. 2015 to Nov. 2015 | Nov. 2014 to Nov. 2015 | 11-30-2015 | 11-30-2014 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 5 | 6 | 5 | -16.7 | 0.0 | 85 | 95 | -10.5 |
| Bankruptcies | 5 | 4 | 5 | 25.0 | 0.0 | 41 | 69 | -40.6 |
| Proposals | 0 | 2 | 0 | -100.0 | -- | 44 | 26 | 69.2 |
| Mining and Oil and Gas Extraction | 5 | 3 | 1 | 66.7 | 400.0 | 41 | 39 | 5.1 |
| Bankruptcies | 4 | 1 | 1 | 300.0 | 300.0 | 26 | 21 | 23.8 |
| Proposals | 1 | 2 | 0 | -50.0 | -- | 15 | 18 | -16.7 |
| Utilities | 1 | 0 | 0 | -- | -- | 14 | 14 | 0.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 10 | 11 | -9.1 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
| Construction | 71 | 67 | 57 | 6.0 | 24.6 | 774 | 726 | 6.6 |
| Bankruptcies | 54 | 49 | 37 | 10.2 | 45.9 | 567 | 539 | 5.2 |
| Proposals | 17 | 18 | 20 | -5.6 | -15.0 | 207 | 187 | 10.7 |
| Manufacturing | 32 | 36 | 28 | -11.1 | 14.3 | 380 | 391 | -2.8 |
| Bankruptcies | 23 | 26 | 18 | -11.5 | 27.8 | 270 | 273 | -1.1 |
| Proposals | 9 | 10 | 10 | -10.0 | -10.0 | 110 | 118 | -6.8 |
| Wholesale Trade | 16 | 14 | 14 | 14.3 | 14.3 | 217 | 222 | -2.3 |
| Bankruptcies | 13 | 10 | 9 | 30.0 | 44.4 | 160 | 147 | 8.8 |
| Proposals | 3 | 4 | 5 | -25.0 | -40.0 | 57 | 75 | -24.0 |
| Retail Trade | 42 | 43 | 42 | -2.3 | 0.0 | 491 | 511 | -3.9 |
| Bankruptcies | 33 | 30 | 32 | 10.0 | 3.1 | 376 | 393 | -4.3 |
| Proposals | 9 | 13 | 10 | -30.8 | -10.0 | 115 | 118 | -2.5 |
| Transportation and Warehousing | 21 | 18 | 19 | 16.7 | 10.5 | 251 | 243 | 3.3 |
| Bankruptcies | 16 | 14 | 13 | 14.3 | 23.1 | 157 | 191 | -17.8 |
| Proposals | 5 | 4 | 6 | 25.0 | -16.7 | 94 | 52 | 80.8 |
| Information and Cultural Industries | 7 | 7 | 10 | 0.0 | -30.0 | 69 | 75 | -8.0 |
| Bankruptcies | 5 | 7 | 7 | -28.6 | -28.6 | 51 | 52 | -1.9 |
| Proposals | 2 | 0 | 3 | -- | -33.3 | 18 | 23 | -21.7 |
| Finance and Insurance | 7 | 4 | 7 | 75.0 | 0.0 | 76 | 77 | -1.3 |
| Bankruptcies | 6 | 4 | 7 | 50.0 | -14.3 | 57 | 58 | -1.7 |
| Proposals | 1 | 0 | 0 | -- | -- | 19 | 19 | 0.0 |
| Real Estate and Rental and Leasing | 17 | 15 | 15 | 13.3 | 13.3 | 135 | 139 | -2.9 |
| Bankruptcies | 12 | 12 | 10 | 0.0 | 20.0 | 110 | 104 | 5.8 |
| Proposals | 5 | 3 | 5 | 66.7 | 0.0 | 25 | 35 | -28.6 |
| Professional, Scientific and Technical Services | 24 | 21 | 31 | 14.3 | -22.6 | 296 | 299 | -1.0 |
| Bankruptcies | 21 | 19 | 24 | 10.5 | -12.5 | 234 | 234 | 0.0 |
| Proposals | 3 | 2 | 7 | 50.0 | -57.1 | 62 | 65 | -4.6 |
| Management of Companies and Enterprises | 5 | 4 | 6 | 25.0 | -16.7 | 58 | 58 | 0.0 |
| Bankruptcies | 5 | 2 | 5 | 150.0 | 0.0 | 41 | 44 | -6.8 |
| Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 17 | 14 | 21.4 |
| Administrative and Support, Waste Management and Remediation Services | 21 | 14 | 17 | 50.0 | 23.5 | 205 | 217 | -5.5 |
| Bankruptcies | 14 | 8 | 11 | 75.0 | 27.3 | 148 | 160 | -7.5 |
| Proposals | 7 | 6 | 6 | 16.7 | 16.7 | 57 | 57 | 0.0 |
| Educational Services | 3 | 2 | 3 | 50.0 | 0.0 | 35 | 50 | -30.0 |
| Bankruptcies | 2 | 1 | 3 | 100.0 | -33.3 | 28 | 43 | -34.9 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 7 | 7 | 0.0 |
| Health Care and Social Assistance | 6 | 6 | 10 | 0.0 | -40.0 | 83 | 96 | -13.5 |
| Bankruptcies | 5 | 5 | 7 | 0.0 | -28.6 | 59 | 72 | -18.1 |
| Proposals | 1 | 1 | 3 | 0.0 | -66.7 | 24 | 24 | 0.0 |
| Arts, Entertainment and Recreation | 8 | 7 | 10 | 14.3 | -20.0 | 73 | 86 | -15.1 |
| Bankruptcies | 8 | 4 | 3 | 100.0 | 166.7 | 55 | 69 | -20.3 |
| Proposals | 0 | 3 | 7 | -100.0 | -100.0 | 18 | 17 | 5.9 |
| Accommodation and Food Services | 54 | 42 | 70 | 28.6 | -22.9 | 640 | 668 | -4.2 |
| Bankruptcies | 45 | 29 | 63 | 55.2 | -28.6 | 502 | 505 | -0.6 |
| Proposals | 9 | 13 | 7 | -30.8 | 28.6 | 138 | 163 | -15.3 |
| Other Services (except Public Administration) | 13 | 19 | 10 | -31.6 | 30.0 | 209 | 207 | 1.0 |
| Bankruptcies | 11 | 14 | 8 | -21.4 | 37.5 | 162 | 169 | -4.1 |
| Proposals | 2 | 5 | 2 | -60.0 | 0.0 | 47 | 38 | 23.7 |
| Public Administration | 0 | 1 | 0 | -100.0 | -- | 4 | 1 | 300.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 4 | 1 | 300.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 358 | 329 | 355 | 8.8 | 0.8 | 4,136 | 4,214 | -1.9 |
| Bankruptcies | 283 | 240 | 263 | 17.9 | 7.6 | 3,058 | 3,155 | -3.1 |
| Proposals | 75 | 89 | 92 | -15.7 | -18.5 | 1,078 | 1,059 | 1.8 |