Insolvency Statistics in Canada—April 2017

Highlights

Read the report Insolvency Statistics in Canada—April 2017.

The total number of insolvencies (bankruptcies and proposals) in Canada decreased by 14.4% in April 2017 from the previous month. Bankruptcies decreased by 10.0% and proposals decreased by 18.7%.

The total number of insolvencies in April 2017 was 12.8% lower than the total number of insolvencies in April 2016. Consumer insolvencies decreased by 12.7%, while business insolvencies decreased by 14.1%.

For the 12-month period ending April 30, 2017, the total number of insolvencies increased by 0.3% compared with the 12-month period ending April 30, 2016.

Consumer insolvencies for the 12-month period ending April 30, 2017, increased by 0.5% compared with the 12-month period ending April 30, 2016. Consumer bankruptcies decreased by 3.7%, while consumer proposals increased by 5.1 %. The proportion of proposals in consumer insolvencies increased to 50.5% during the 12-month period ending April 30, 2017, up from 48.4% during the 12-month period ending April 30, 2016. For the 12-month period ending April 30, 2017, consumer insolvency filings accounted for 97.1% of total insolvency filings.

Business insolvencies for the 12-month period ending April 30, 2017, decreased by 8.0% compared with the 12-month period ending April 30, 2016. The two sectors that registered the biggest decrease in the number of insolvencies were construction; and retail trade. Transportation and warehousing; and mining and oil and gas extraction experienced the biggest increase in insolvencies.

Two Companies’ Creditors Arrangement Act (CCAA) proceedings were filed with the OSB in April 2017. Please refer to the CCAA Records List for additional details. Note: The Insolvency Statistics in Canada—April 2017 report, which pertains to bankruptcies and proposals filed under the Bankruptcy and Insolvency Act, does not include CCAA filings.

Read the report Insolvency Statistics in Canada—April 2017.

Date modified: