Insolvency Statistics in Canada—December 2018 (br04038)

Tables

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

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.

Business: Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business.

Consumer: An individual with more than 50% of total liabilities related to consumer goods and services.

North American Industry Classification System (NAICS): System that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.

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.

Table 1: Total Insolvencies
ProvinceVolume% Change12-Month Period Ending
December
2018
November
2018
December
2017
Nov. 2018
to
Dec. 2018
Dec. 2017
to
Dec. 2018
12-31-201812-31-2017% Change
Newfoundland and Labrador193273164-29.317.72,8262,51512.4
Bankruptcies10312994-20.29.61,3961,3900.4
Proposals9014470-37.528.61,4301,12527.1
Prince Edward Island626342-1.647.67356857.3
Bankruptcies343521-2.961.94293978.1
Proposals2828210.033.33062886.3
Nova Scotia387490375-21.03.25,6425,773-2.3
Bankruptcies241299261-19.4-7.73,5163,850-8.7
Proposals146191114-23.628.12,1261,92310.6
New Brunswick338436362-22.5-6.64,5174,4182.2
Bankruptcies179216192-17.1-6.82,2942,500-8.2
Proposals159220170-27.7-6.52,2231,91815.9
Quebec2,8703,8803,063-26.0-6.343,83143,7310.2
Bankruptcies1,5541,8891,699-17.7-8.522,76724,210-6.0
Proposals1,3161,9911,364-33.9-3.521,06419,5217.9
Ontario2,9983,6612,687-18.111.639,79339,0451.9
Bankruptcies1,1311,2761,180-11.4-4.215,34815,968-3.9
Proposals1,8672,3851,507-21.723.924,44523,0775.9
Manitoba220267190-17.615.82,8522,6437.9
Bankruptcies90138117-34.8-23.11,3901,408-1.3
Proposals130129730.878.11,4621,23518.4
Saskatchewan252303247-16.82.03,4983,2587.4
Bankruptcies108113124-4.4-12.91,3391,472-9.0
Proposals144190123-24.217.12,1591,78620.9
Alberta1,1091,376973-19.414.014,76113,4819.5
Bankruptcies363456359-20.41.15,0875,139-1.0
Proposals746920614-18.921.59,6748,34216.0
British Columbia786903770-13.02.110,27510,1361.4
Bankruptcies278330299-15.8-7.04,1474,263-2.7
Proposals508573471-11.37.96,1285,8734.3
Northwest Territories458-20.0-50.07881-3.7
Bankruptcies4440.00.04252-19.2
Proposals014-100.0-100.0362924.1
Yukon64550.020.03537-5.4
Bankruptcies2220.00.01318-27.8
Proposals423100.033.3221915.8
Nunavut003n/a-100.034-25.0
Bankruptcies002n/a-100.002-100.0
Proposals001n/a-100.03250.0
Canada9,22511,6618,889-20.93.8128,846125,8072.4
Bankruptcies4,0874,8874,354-16.4-6.157,76860,669-4.8
Proposals5,1386,7744,535-24.213.371,07865,1389.1
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
December
2018
November
2018
December
2017
Nov. 2018
to
Dec. 2018
Dec. 2017
to
Dec. 2018
12-31-201812-31-2017% Change
Newfoundland and Labrador190268164-29.115.92,8022,47913.0
Bankruptcies10112694-19.87.41,3761,3670.7
Proposals8914270-37.327.11,4261,11228.2
Prince Edward Island626342-1.647.67316738.6
Bankruptcies343521-2.961.942638710.1
Proposals2828210.033.33052866.6
Nova Scotia386485372-20.43.85,5955,724-2.3
Bankruptcies240295259-18.6-7.33,4833,807-8.5
Proposals146190113-23.229.22,1121,91710.2
New Brunswick337433351-22.2-4.04,4804,3612.7
Bankruptcies178214189-16.8-5.82,2622,457-7.9
Proposals159219162-27.4-1.92,2181,90416.5
Quebec2,6873,6902,898-27.2-7.341,73641,6700.2
Bankruptcies1,4011,7541,567-20.1-10.621,18822,647-6.4
Proposals1,2861,9361,331-33.6-3.420,54819,0238.0
Ontario2,9333,5622,613-17.712.238,85638,1671.8
Bankruptcies1,0831,2121,133-10.6-4.414,66015,336-4.4
Proposals1,8502,3501,480-21.325.024,19622,8316.0
Manitoba219265187-17.417.12,8242,6048.4
Bankruptcies89136114-34.6-21.91,3641,375-0.8
Proposals130129730.878.11,4601,22918.8
Saskatchewan249289236-13.85.53,3993,1228.9
Bankruptcies105107115-1.9-8.71,2801,368-6.4
Proposals144182121-20.919.02,1191,75420.8
Alberta1,0861,360958-20.113.414,55513,2869.6
Bankruptcies342440350-22.3-2.34,9255,008-1.7
Proposals744920608-19.122.49,6308,27816.3
British Columbia780896754-12.93.410,1729,9911.8
Bankruptcies273325292-16.0-6.54,0724,146-1.8
Proposals507571462-11.29.76,1005,8454.4
Northwest Territories458-20.0-50.07880-2.5
Bankruptcies4440.00.04251-17.6
Proposals014-100.0-100.0362924.1
Yukon64550.020.03537-5.4
Bankruptcies2220.00.01318-27.8
Proposals423100.033.3221915.8
Nunavut003n/a-100.034-25.0
Bankruptcies002n/a-100.002-100.0
Proposals001n/a-100.03250.0
Canada8,93911,3208,591-21.04.1125,266122,1982.5
Bankruptcies3,8524,6504,142-17.2-7.055,09157,969-5.0
Proposals5,0876,6704,449-23.714.370,17564,2299.3
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
December
2018
November
2018
December
2017
Nov. 2018
to
Dec. 2018
Dec. 2017
to
Dec. 2018
12-31-201812-31-2017% Change
Newfoundland and Labrador350-40.0n/a2436-33.3
Bankruptcies230-33.3n/a2023-13.0
Proposals120-50.0n/a413-69.2
Prince Edward Island000n/an/a412-66.7
Bankruptcies000n/an/a310-70.0
Proposals000n/an/a12-50.0
Nova Scotia153-80.0-66.74749-4.1
Bankruptcies142-75.0-50.03343-23.3
Proposals011-100.0-100.0146133.3
New Brunswick1311-66.7-90.93757-35.1
Bankruptcies123-50.0-66.73243-25.6
Proposals018-100.0-100.0514-64.3
Quebec183190165-3.710.92,0952,0611.6
Bankruptcies15313513213.315.91,5791,5631.0
Proposals305533-45.5-9.15164983.6
Ontario659974-34.3-12.29378786.7
Bankruptcies486447-25.02.16886328.9
Proposals173527-51.4-37.02492461.2
Manitoba123-50.0-66.72839-28.2
Bankruptcies123-50.0-66.72633-21.2
Proposals000n/an/a26-66.7
Saskatchewan31411-78.6-72.799136-27.2
Bankruptcies369-50.0-66.759104-43.3
Proposals082-100.0-100.0403225.0
Alberta23161543.853.32061955.6
Bankruptcies2116931.3133.316213123.7
Proposals206n/a-66.74464-31.3
British Columbia6716-14.3-62.5103145-29.0
Bankruptcies5570.0-28.675117-35.9
Proposals129-50.0-88.928280.0
Northwest Territories000n/an/a01-100.0
Bankruptcies000n/an/a01-100.0
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Canada286341298-16.1-4.03,5803,609-0.8
Bankruptcies235237212-0.810.82,6772,700-0.9
Proposals5110486-51.0-40.7903909-0.7
Table 4: Insolvencies byNAICSEconomic Sectors, Canada
sectorVolume% Change12-Month Period Ending
December
2018
November
2018
December
2017
Nov. 2018
to
Dec. 2018
Dec. 2017
to
Dec. 2018
12-31-201812-31-2017% Change
Agriculture, Forestry, Fishing and Hunting727250.00.06468-5.9
Bankruptcies525150.00.04649-6.1
Proposals202n/a0.01819-5.3
Mining and Oil and Gas Extraction636100.00.02447-48.9
Bankruptcies53366.766.71530-50.0
Proposals103n/a-66.7917-47.1
Utilities1110.00.08633.3
Bankruptcies101n/a0.056-16.7
Proposals010-100.0n/a30n/a
Construction526459-18.8-11.97236609.5
Bankruptcies4644444.54.552747910.0
Proposals62015-70.0-60.01961818.3
Manufacturing272930-6.9-10.0297343-13.4
Bankruptcies2120155.040.0213238-10.5
Proposals6915-33.3-60.084105-20.0
Wholesale Trade141716-17.6-12.5157172-8.7
Bankruptcies101312-23.1-16.7121122-0.8
Proposals4440.00.03650-28.0
Retail Trade273835-28.9-22.94094031.5
Bankruptcies242633-7.7-27.33223190.9
Proposals3122-75.050.087843.6
Transportation and Warehousing101913-47.4-23.12302233.1
Bankruptcies10139-23.111.11781714.1
Proposals064-100.0-100.052520.0
Information and Cultural Industries465-33.3-20.063613.3
Bankruptcies345-25.0-40.049466.5
Proposals120-50.0n/a1415-6.7
Finance and Insurance4115-63.6-20.06466-3.0
Bankruptcies484-50.00.04852-7.7
Proposals031-100.0-100.0161414.3
Real Estate and Rental and Leasing8187-55.614.31491369.6
Bankruptcies795-22.240.0105987.1
Proposals192-88.9-50.0443815.8
Professional, Scientific and Technical Services172822-39.3-22.7249256-2.7
Bankruptcies132215-40.9-13.3190199-4.5
Proposals467-33.3-42.959573.5
Management of Companies and Enterprises108725.042.98182-1.2
Bankruptcies685-25.020.066643.1
Proposals402n/a100.01518-16.7
Administrative and Support, Waste Management and Remediation Services81410-42.9-20.01571504.7
Bankruptcies7790.0-22.2109110-0.9
Proposals171-85.70.0484020.0
Educational Services242-50.00.02937-21.6
Bankruptcies2210.0100.02231-29.0
Proposals021-100.0-100.07616.7
Health Care and Social Assistance61010-40.0-40.08081-1.2
Bankruptcies246-50.0-66.74862-22.6
Proposals464-33.30.0321968.4
Arts, Entertainment and Recreation4470.0-42.96879-13.9
Bankruptcies416300.0-33.35259-11.9
Proposals031-100.0-100.01620-20.0
Accommodation and Food Services53483710.443.2537544-1.3
Bankruptcies43382113.2104.84114041.7
Proposals1010160.0-37.5126140-10.0
Other Services (except Public Administration)25171947.131.6187190-1.6
Bankruptcies21131361.561.5147157-6.4
Proposals4460.0-33.3403321.2
Public Administration100n/an/a45-20.0
Bankruptcies100n/an/a34-25.0
Proposals000n/an/a110.0
Total286341298-16.1-4.03,5803,609-0.8
Bankruptcies235237212-0.810.82,6772,700-0.9
Proposals5110486-51.0-40.7903909-0.7