Insolvency Statistics in Canada—2015 (Table 1)

Table 1: Total Insolvencies
Province Volume 2015
2015 2014 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 1,849 1,575 17.4 159,465,511 239,788,707
Bankruptcies 1,519 1,375 10.5 105,401,220 170,231,818
Proposals 330 200 65.0 54,064,291 69,556,889
Prince Edward Island 822 739 11.2 54,872,952 93,684,333
Bankruptcies 531 515 3.1 30,737,228 61,954,772
Proposals 291 224 29.9 24,135,724 31,729,561
Nova Scotia 5,325 5,304 0.4 477,390,782 687,973,356
Bankruptcies 3,717 3,778 -1.6 276,890,853 466,683,421
Proposals 1,608 1,526 5.4 200,499,929 221,289,935
New Brunswick 4,411 4,395 0.4 387,165,351 611,382,404
Bankruptcies 2,873 3,089 -7.0 195,054,695 374,530,376
Proposals 1,538 1,306 17.8 192,110,656 236,852,028
Quebec 45,942 43,891 4.7 3,601,685,134 6,039,548,169
Bankruptcies 26,223 26,137 0.3 1,262,615,548 3,065,461,539
Proposals 19,719 17,754 11.1 2,339,069,586 2,974,086,630
Ontario 41,076 42,198 -2.7 3,334,885,416 7,574,385,093
Bankruptcies 18,842 20,069 -6.1 979,688,472 4,791,785,436
Proposals 22,234 22,129 0.5 2,355,196,944 2,782,599,657
Manitoba 2,136 1,948 9.7 223,165,845 320,645,504
Bankruptcies 1,290 1,248 3.4 100,184,580 199,922,395
Proposals 846 700 20.9 122,981,265 120,723,109
Saskatchewan 2,317 2,062 12.4 342,449,227 403,604,650
Bankruptcies 1,240 1,182 4.9 130,577,695 202,439,490
Proposals 1,077 880 22.4 211,871,532 201,165,160
Alberta 9,944 8,422 18.1 1,399,366,168 1,991,889,122
Bankruptcies 4,375 3,964 10.4 505,244,514 1,053,207,541
Proposals 5,569 4,458 24.9 894,121,654 938,681,581
British Columbia 11,802 11,639 1.4 1,162,227,614 2,088,049,036
Bankruptcies 5,837 6,545 -10.8 415,805,173 1,165,622,981
Proposals 5,965 5,094 17.1 746,422,441 922,426,055
Northwest Territories 52 49 6.1 5,523,615 7,994,766
Bankruptcies 28 26 7.7 2,377,970 4,562,289
Proposals 24 23 4.3 3,145,645 3,432,477
Yukon 35 40 -12.5 6,917,885 11,566,723
Bankruptcies 18 22 -18.2 2,126,896 6,890,453
Proposals 17 18 -5.6 4,790,989 4,676,270
Nunavut 5 7 -28.6 37,703 292,193
Bankruptcies 2 5 -60.0 16,300 174,789
Proposals 3 2 50.0 21,403 117,404
Canada 125,716 122,269 2.8 11,155,153,203 20,070,804,056
Bankruptcies 66,495 67,955 -2.1 4,006,721,144 11,563,467,300
Proposals 59,221 54,314 9.0 7,148,432,059 8,507,336,756
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