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Insolvency Statistics–Third Quarter of 2013
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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
- Table 5: Insolvencies Filed by Consumers by ER
- Table 6: Insolvencies Filed by Businesses by ER
- Table 7: Insolvencies Filed by Consumers by CMA
- Table 8: Insolvencies Filed by Businesses by CMA
Definitions
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
- Bankruptcy:
- The state of a consumer or business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
- 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.
- NAICS:
- North American Industry Classification System.
- Economic Region (ER):
- Standard geographic units created for analysis of regional economic activity (Statistics Canada's geographical definitions of ERs).
- Census Metropolitan Area (CMA):
- Each census metropolitan area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000 (Statistics Canada's geographical definitions of CMAs).
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q3 2013 | Q2 2013 | Q3 2012 | Q2 2013 to Q3 2013 | Q3 2012 to Q3 2013 | 09-30-2013 | 09-30-2012 | % Change | |
Newfoundland and Labrador | 414 | 481 | 428 | −13.9 | −3.3 | 1,734 | 1,827 | −5.1 |
Bankruptcies | 368 | 439 | 394 | −16.2 | −6.6 | 1,589 | 1,681 | −5.5 |
Proposals | 46 | 42 | 34 | 9.5 | 35.3 | 145 | 146 | −0.7 |
Prince Edward Island | 188 | 148 | 151 | 27.0 | 24.5 | 641 | 603 | 6.3 |
Bankruptcies | 127 | 111 | 114 | 14.4 | 11.4 | 480 | 457 | 5.0 |
Proposals | 61 | 37 | 37 | 64.9 | 64.9 | 161 | 146 | 10.3 |
Nova Scotia | 1,278 | 1,303 | 1,032 | −1.9 | 23.8 | 4,670 | 4,421 | 5.6 |
Bankruptcies | 864 | 932 | 763 | −7.3 | 13.2 | 3,293 | 3,379 | −2.5 |
Proposals | 414 | 371 | 269 | 11.6 | 53.9 | 1,377 | 1,042 | 32.1 |
New Brunswick | 1,077 | 1,039 | 981 | 3.7 | 9.8 | 3,905 | 3,928 | −0.6 |
Bankruptcies | 753 | 776 | 718 | −3.0 | 4.9 | 2,857 | 3,008 | −5.0 |
Proposals | 324 | 263 | 263 | 23.2 | 23.2 | 1,048 | 920 | 13.9 |
Quebec | 10,275 | 11,107 | 8,836 | −7.5 | 16.3 | 41,266 | 37,725 | 9.4 |
Bankruptcies | 6,687 | 7,166 | 6,087 | −6.7 | 9.9 | 26,747 | 26,140 | 2.3 |
Proposals | 3,588 | 3,941 | 2,749 | −9.0 | 30.5 | 14,519 | 11,585 | 25.3 |
Ontario | 11,031 | 12,327 | 11,561 | −10.5 | −4.6 | 46,149 | 49,918 | −7.6 |
Bankruptcies | 5,553 | 6,279 | 5,846 | −11.6 | −5.0 | 23,073 | 25,038 | −7.8 |
Proposals | 5,478 | 6,048 | 5,715 | −9.4 | −4.1 | 23,076 | 24,880 | −7.3 |
Manitoba | 491 | 514 | 464 | −4.5 | 5.8 | 1,888 | 1,994 | −5.3 |
Bankruptcies | 316 | 340 | 330 | −7.1 | −4.2 | 1,253 | 1,365 | −8.2 |
Proposals | 175 | 174 | 134 | 0.6 | 30.6 | 635 | 629 | 1.0 |
Saskatchewan | 468 | 479 | 465 | −2.3 | 0.6 | 1,752 | 1,949 | −10.1 |
Bankruptcies | 300 | 281 | 278 | 6.8 | 7.9 | 1,065 | 1,146 | −7.1 |
Proposals | 168 | 198 | 187 | −15.2 | −10.2 | 687 | 803 | −14.4 |
Alberta | 2,017 | 2,281 | 2,243 | −11.6 | −10.1 | 8,757 | 9,741 | −10.1 |
Bankruptcies | 1,168 | 1,308 | 1,411 | −10.7 | −17.2 | 5,103 | 6,327 | −19.3 |
Proposals | 849 | 973 | 832 | −12.7 | 2.0 | 3,654 | 3,414 | 7.0 |
British Columbia | 2,918 | 3,295 | 2,875 | −11.4 | 1.5 | 11,894 | 12,054 | −1.3 |
Bankruptcies | 1,715 | 1,984 | 1,860 | −13.6 | −7.8 | 7,310 | 7,810 | −6.4 |
Proposals | 1,203 | 1,311 | 1,015 | −8.2 | 18.5 | 4,584 | 4,244 | 8.0 |
Northwest Territories | 13 | 11 | 9 | 18.2 | 44.4 | 51 | 44 | 15.9 |
Bankruptcies | 9 | 6 | 3 | 50.0 | 200.0 | 31 | 26 | 19.2 |
Proposals | 4 | 5 | 6 | −20.0 | −33.3 | 20 | 18 | 11.1 |
Yukon | 4 | 9 | 12 | −55.6 | −66.7 | 35 | 30 | 16.7 |
Bankruptcies | 3 | 7 | 5 | −57.1 | −40.0 | 24 | 20 | 20.0 |
Proposals | 1 | 2 | 7 | −50.0 | −85.7 | 11 | 10 | 10.0 |
Nunavut | 1 | 1 | 2 | 0.0 | −50.0 | 4 | 3 | 33.3 |
Bankruptcies | 1 | 0 | 1 | -- | 0.0 | 2 | 1 | 100.0 |
Proposals | 0 | 1 | 1 | −100.0 | −100.0 | 2 | 2 | 0.0 |
Canada | 30,175 | 32,995 | 29,059 | −8.5 | 3.8 | 122,746 | 124,237 | −1.2 |
Bankruptcies | 17,864 | 19,629 | 17,810 | −9.0 | 0.3 | 72,827 | 76,398 | −4.7 |
Proposals | 12,311 | 13,366 | 11,249 | −7.9 | 9.4 | 49,919 | 47,839 | 4.3 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q3 2013 | Q2 2013 | Q3 2012 | Q2 2013 to Q3 2013 | Q3 2012 to Q3 2013 | 09-30-2013 | 09-30-2012 | % Change | |
Newfoundland and Labrador | 402 | 473 | 420 | −15.0 | −4.3 | 1,705 | 1,807 | −5.6 |
Bankruptcies | 364 | 432 | 390 | −15.7 | −6.7 | 1,571 | 1,667 | −5.8 |
Proposals | 38 | 41 | 30 | −7.3 | 26.7 | 134 | 140 | −4.3 |
Prince Edward Island | 180 | 145 | 148 | 24.1 | 21.6 | 623 | 581 | 7.2 |
Bankruptcies | 121 | 110 | 111 | 10.0 | 9.0 | 466 | 439 | 6.2 |
Proposals | 59 | 35 | 37 | 68.6 | 59.5 | 157 | 142 | 10.6 |
Nova Scotia | 1,251 | 1,275 | 1,010 | −1.9 | 23.9 | 4,552 | 4,328 | 5.2 |
Bankruptcies | 842 | 911 | 747 | −7.6 | 12.7 | 3,200 | 3,302 | −3.1 |
Proposals | 409 | 364 | 263 | 12.4 | 55.5 | 1,352 | 1,026 | 31.8 |
New Brunswick | 1,059 | 1,017 | 964 | 4.1 | 9.9 | 3,833 | 3,869 | −0.9 |
Bankruptcies | 740 | 759 | 709 | −2.5 | 4.4 | 2,801 | 2,965 | −5.5 |
Proposals | 319 | 258 | 255 | 23.6 | 25.1 | 1,032 | 904 | 14.2 |
Quebec | 9,768 | 10,543 | 8,357 | −7.4 | 16.9 | 39,162 | 35,646 | 9.9 |
Bankruptcies | 6,305 | 6,768 | 5,726 | −6.8 | 10.1 | 25,209 | 24,607 | 2.4 |
Proposals | 3,463 | 3,775 | 2,631 | −8.3 | 31.6 | 13,953 | 11,039 | 26.4 |
Ontario | 10,754 | 11,988 | 11,249 | −10.3 | −4.4 | 44,908 | 48,480 | −7.4 |
Bankruptcies | 5,323 | 6,024 | 5,606 | −11.6 | −5.0 | 22,097 | 23,945 | −7.7 |
Proposals | 5,431 | 5,964 | 5,643 | −8.9 | −3.8 | 22,811 | 24,535 | −7.0 |
Manitoba | 469 | 502 | 456 | −6.6 | 2.9 | 1,824 | 1,932 | −5.6 |
Bankruptcies | 298 | 330 | 322 | −9.7 | −7.5 | 1,199 | 1,317 | −9.0 |
Proposals | 171 | 172 | 134 | −0.6 | 27.6 | 625 | 615 | 1.6 |
Saskatchewan | 442 | 447 | 432 | −1.1 | 2.3 | 1,639 | 1,813 | −9.6 |
Bankruptcies | 284 | 260 | 262 | 9.2 | 8.4 | 997 | 1,060 | −5.9 |
Proposals | 158 | 187 | 170 | −15.5 | −7.1 | 642 | 753 | −14.7 |
Alberta | 1,979 | 2,235 | 2,186 | −11.5 | −9.5 | 8,542 | 9,416 | −9.3 |
Bankruptcies | 1,139 | 1,273 | 1,364 | −10.5 | −16.5 | 4,954 | 6,079 | −18.5 |
Proposals | 840 | 962 | 822 | −12.7 | 2.2 | 3,588 | 3,337 | 7.5 |
British Columbia | 2,867 | 3,226 | 2,806 | −11.1 | 2.2 | 11,632 | 11,794 | −1.4 |
Bankruptcies | 1,678 | 1,932 | 1,811 | −13.1 | −7.3 | 7,122 | 7,612 | −6.4 |
Proposals | 1,189 | 1,294 | 995 | −8.1 | 19.5 | 4,510 | 4,182 | 7.8 |
Northwest Territories | 13 | 11 | 9 | 18.2 | 44.4 | 51 | 43 | 18.6 |
Bankruptcies | 9 | 6 | 3 | 50.0 | 200.0 | 31 | 26 | 19.2 |
Proposals | 4 | 5 | 6 | −20.0 | −33.3 | 20 | 17 | 17.6 |
Yukon | 4 | 9 | 12 | −55.6 | −66.7 | 33 | 29 | 13.8 |
Bankruptcies | 3 | 7 | 5 | −57.1 | −40.0 | 22 | 19 | 15.8 |
Proposals | 1 | 2 | 7 | −50.0 | −85.7 | 11 | 10 | 10.0 |
Nunavut | 1 | 1 | 1 | 0.0 | 0.0 | 4 | 2 | 100.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 2 | 0 | -- |
Proposals | 0 | 1 | 1 | −100.0 | −100.0 | 2 | 2 | 0.0 |
Canada | 29,189 | 31,872 | 28,050 | −8.4 | 4.1 | 118,508 | 119,740 | −1.0 |
Bankruptcies | 17,107 | 18,812 | 17,056 | −9.1 | 0.3 | 69,671 | 73,038 | −4.6 |
Proposals | 12,082 | 13,060 | 10,994 | −7.5 | 9.9 | 48,837 | 46,702 | 4.6 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q3 2013 | Q2 2013 | Q3 2012 | Q2 2013 to Q3 2013 | Q3 2012 to Q3 2013 | 09-30-2013 | 09-30-2012 | % Change | |
Newfoundland and Labrador | 12 | 8 | 8 | 50.0 | 50.0 | 29 | 20 | 45.0 |
Bankruptcies | 4 | 7 | 4 | −42.9 | 0.0 | 18 | 14 | 28.6 |
Proposals | 8 | 1 | 4 | 700.0 | 100.0 | 11 | 6 | 83.3 |
Prince Edward Island | 8 | 3 | 3 | 166.7 | 166.7 | 18 | 22 | −18.2 |
Bankruptcies | 6 | 1 | 3 | 500.0 | 100.0 | 14 | 18 | −22.2 |
Proposals | 2 | 2 | 0 | 0.0 | -- | 4 | 4 | 0.0 |
Nova Scotia | 27 | 28 | 22 | −3.6 | 22.7 | 118 | 93 | 26.9 |
Bankruptcies | 22 | 21 | 16 | 4.8 | 37.5 | 93 | 77 | 20.8 |
Proposals | 5 | 7 | 6 | −28.6 | −16.7 | 25 | 16 | 56.3 |
New Brunswick | 18 | 22 | 17 | −18.2 | 5.9 | 72 | 59 | 22.0 |
Bankruptcies | 13 | 17 | 9 | −23.5 | 44.4 | 56 | 43 | 30.2 |
Proposals | 5 | 5 | 8 | 0.0 | −37.5 | 16 | 16 | 0.0 |
Quebec | 507 | 564 | 479 | −10.1 | 5.8 | 2,104 | 2,079 | 1.2 |
Bankruptcies | 382 | 398 | 361 | −4.0 | 5.8 | 1,538 | 1,533 | 0.3 |
Proposals | 125 | 166 | 118 | −24.7 | 5.9 | 566 | 546 | 3.7 |
Ontario | 277 | 339 | 312 | −18.3 | −11.2 | 1,241 | 1,438 | −13.7 |
Bankruptcies | 230 | 255 | 240 | −9.8 | −4.2 | 976 | 1,093 | −10.7 |
Proposals | 47 | 84 | 72 | −44.0 | −34.7 | 265 | 345 | −23.2 |
Manitoba | 22 | 12 | 8 | 83.3 | 175.0 | 64 | 62 | 3.2 |
Bankruptcies | 18 | 10 | 8 | 80.0 | 125.0 | 54 | 48 | 12.5 |
Proposals | 4 | 2 | 0 | 100.0 | -- | 10 | 14 | −28.6 |
Saskatchewan | 26 | 32 | 33 | −18.8 | −21.2 | 113 | 136 | −16.9 |
Bankruptcies | 16 | 21 | 16 | −23.8 | 0.0 | 68 | 86 | −20.9 |
Proposals | 10 | 11 | 17 | −9.1 | −41.2 | 45 | 50 | −10.0 |
Alberta | 38 | 46 | 57 | −17.4 | −33.3 | 215 | 325 | −33.8 |
Bankruptcies | 29 | 35 | 47 | −17.1 | −38.3 | 149 | 248 | −39.9 |
Proposals | 9 | 11 | 10 | −18.2 | −10.0 | 66 | 77 | −14.3 |
British Columbia | 51 | 69 | 69 | −26.1 | −26.1 | 262 | 260 | 0.8 |
Bankruptcies | 37 | 52 | 49 | −28.8 | −24.5 | 188 | 198 | −5.1 |
Proposals | 14 | 17 | 20 | −17.6 | −30.0 | 74 | 62 | 19.4 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 1 | −100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | −100.0 |
Yukon | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Nunavut | 0 | 0 | 1 | -- | −100.0 | 0 | 1 | −100.0 |
Bankruptcies | 0 | 0 | 1 | -- | −100.0 | 0 | 1 | −100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 986 | 1,123 | 1,009 | −12.2 | −2.3 | 4,238 | 4,497 | −5.8 |
Bankruptcies | 757 | 817 | 754 | −7.3 | 0.4 | 3,156 | 3,360 | −6.1 |
Proposals | 229 | 306 | 255 | −25.2 | −10.2 | 1,082 | 1,137 | −4.8 |