Table 3: Insolvencies Filed by Businessesprovince | Volume | 2015 |
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2015 | 2014 | % Change | Assets Declared at the Time of Filing ($) | Liabilities Declared at the Time of Filing ($) |
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Newfoundland and Labrador | 27 | 30 | -10.0 | 3,366,691 | 18,987,245 |
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Bankruptcies | 21 | 27 | -22.2 | 3,286,999 | 7,205,911 |
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Proposals | 6 | 3 | 100.0 | 79,692 | 11,781,334 |
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Prince Edward Island | 16 | 18 | -11.1 | 1,558,566 | 6,022,409 |
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Bankruptcies | 12 | 13 | -7.7 | 1,474,820 | 5,317,689 |
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Proposals | 4 | 5 | -20.0 | 83,746 | 704,720 |
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Nova Scotia | 93 | 77 | 20.8 | 34,140,149 | 109,612,111 |
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Bankruptcies | 69 | 52 | 32.7 | 32,870,443 | 88,132,139 |
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Proposals | 24 | 25 | -4.0 | 1,269,706 | 21,479,972 |
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New Brunswick | 80 | 87 | -8.0 | 22,605,984 | 77,511,373 |
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Bankruptcies | 59 | 68 | -13.2 | 19,211,479 | 58,089,148 |
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Proposals | 21 | 19 | 10.5 | 3,394,505 | 19,422,225 |
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Quebec | 2,237 | 2,337 | -4.3 | 261,316,988 | 1,721,742,295 |
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Bankruptcies | 1,684 | 1,690 | -0.4 | 131,014,131 | 895,406,275 |
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Proposals | 553 | 647 | -14.5 | 130,302,857 | 826,336,020 |
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Ontario | 1,141 | 1,090 | 4.7 | 223,939,288 | 3,167,610,154 |
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Bankruptcies | 884 | 835 | 5.9 | 178,534,654 | 2,826,654,641 |
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Proposals | 257 | 255 | 0.8 | 45,404,634 | 340,955,513 |
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Manitoba | 38 | 57 | -33.3 | 8,318,211 | 26,348,323 |
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Bankruptcies | 26 | 48 | -45.8 | 4,602,489 | 20,995,329 |
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Proposals | 12 | 9 | 33.3 | 3,715,722 | 5,352,994 |
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Saskatchewan | 119 | 124 | -4.0 | 12,465,626 | 46,509,675 |
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Bankruptcies | 85 | 77 | 10.4 | 8,652,841 | 28,531,046 |
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Proposals | 34 | 47 | -27.7 | 3,812,785 | 17,978,629 |
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Alberta | 134 | 141 | -5.0 | 74,476,476 | 283,945,121 |
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Bankruptcies | 95 | 105 | -9.5 | 71,383,315 | 251,021,969 |
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Proposals | 39 | 36 | 8.3 | 3,093,161 | 32,923,152 |
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British Columbia | 222 | 256 | -13.3 | 38,476,145 | 486,635,393 |
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Bankruptcies | 154 | 200 | -23.0 | 27,293,393 | 350,953,843 |
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Proposals | 68 | 56 | 21.4 | 11,182,752 | 135,681,550 |
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Northwest Territories | 0 | 0 | -- | 0 | 0 |
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Bankruptcies | 0 | 0 | -- | 0 | 0 |
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Proposals | 0 | 0 | -- | 0 | 0 |
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Yukon | 0 | 1 | -100.0 | 0 | 0 |
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Bankruptcies | 0 | 0 | -- | 0 | 0 |
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Proposals | 0 | 1 | -100.0 | 0 | 0 |
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Nunavut | 0 | 1 | -100.0 | 0 | 0 |
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Bankruptcies | 0 | 1 | -100.0 | 0 | 0 |
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Proposals | 0 | 0 | -- | 0 | 0 |
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Canada | 4,107 | 4,219 | -2.7 | 680,664,124 | 5,944,924,099 |
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Bankruptcies | 3,089 | 3,116 | -0.9 | 478,324,564 | 4,532,307,990 |
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Proposals | 1,018 | 1,103 | -7.7 | 202,339,560 | 1,412,616,109 |
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