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Insolvency Statistics in Canada - May 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
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
- 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 a 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.
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| May 2013 | Apr. 2013 | May 2012 | Apr. 2013 to May 2013 | May 2012 to May 2013 | 05-31-2013 | 05-31-2012 | % Change | |
| Newfoundland and Labrador | 184 | 157 | 178 | 17.2 | 3.4 | 1,769 | 1,929 | -8.3 |
| Bankruptcies | 163 | 140 | 157 | 16.4 | 3.8 | 1,625 | 1,794 | -9.4 |
| Proposals | 21 | 17 | 21 | 23.5 | 0.0 | 144 | 135 | 6.7 |
| Prince Edward Island | 49 | 53 | 52 | -7.5 | -5.8 | 613 | 612 | 0.2 |
| Bankruptcies | 34 | 41 | 38 | -17.1 | -10.5 | 471 | 476 | -1.1 |
| Proposals | 15 | 12 | 14 | 25.0 | 7.1 | 142 | 136 | 4.4 |
| Nova Scotia | 445 | 439 | 420 | 1.4 | 6.0 | 4,384 | 4,555 | -3.8 |
| Bankruptcies | 325 | 334 | 333 | -2.7 | -2.4 | 3,203 | 3,541 | -9.5 |
| Proposals | 120 | 105 | 87 | 14.3 | 37.9 | 1,181 | 1,014 | 16.5 |
| New Brunswick | 372 | 320 | 366 | 16.3 | 1.6 | 3,811 | 3,847 | -0.9 |
| Bankruptcies | 277 | 258 | 302 | 7.4 | -8.3 | 2,852 | 3,030 | -5.9 |
| Proposals | 95 | 62 | 64 | 53.2 | 48.4 | 959 | 817 | 17.4 |
| Quebec | 3,944 | 3,905 | 3,494 | 1.0 | 12.9 | 39,510 | 37,874 | 4.3 |
| Bankruptcies | 2,537 | 2,517 | 2,430 | 0.8 | 4.4 | 26,074 | 26,676 | -2.3 |
| Proposals | 1,407 | 1,388 | 1,064 | 1.4 | 32.2 | 13,436 | 11,198 | 20.0 |
| Ontario | 4,271 | 4,396 | 4,641 | -2.8 | -8.0 | 47,193 | 51,002 | -7.5 |
| Bankruptcies | 2,163 | 2,248 | 2,264 | -3.8 | -4.5 | 23,592 | 25,843 | -8.7 |
| Proposals | 2,108 | 2,148 | 2,377 | -1.9 | -11.3 | 23,601 | 25,159 | -6.2 |
| Manitoba | 180 | 181 | 179 | -0.6 | 0.6 | 1,871 | 2,107 | -11.2 |
| Bankruptcies | 118 | 115 | 116 | 2.6 | 1.7 | 1,267 | 1,453 | -12.8 |
| Proposals | 62 | 66 | 63 | -6.1 | -1.6 | 604 | 654 | -7.6 |
| Saskatchewan | 169 | 176 | 167 | -4.0 | 1.2 | 1,783 | 2,046 | -12.9 |
| Bankruptcies | 98 | 110 | 97 | -10.9 | 1.0 | 1,070 | 1,233 | -13.2 |
| Proposals | 71 | 66 | 70 | 7.6 | 1.4 | 713 | 813 | -12.3 |
| Alberta | 790 | 810 | 826 | -2.5 | -4.4 | 9,142 | 10,100 | -9.5 |
| Bankruptcies | 445 | 479 | 543 | -7.1 | -18.0 | 5,468 | 6,793 | -19.5 |
| Proposals | 345 | 331 | 283 | 4.2 | 21.9 | 3,674 | 3,307 | 11.1 |
| British Columbia | 1,168 | 1,113 | 1,072 | 4.9 | 9.0 | 11,850 | 12,160 | -2.5 |
| Bankruptcies | 700 | 689 | 711 | 1.6 | -1.5 | 7,512 | 8,008 | -6.2 |
| Proposals | 468 | 424 | 361 | 10.4 | 29.6 | 4,338 | 4,152 | 4.5 |
| Northwest Territories | 2 | 4 | 1 | -50.0 | 100.0 | 45 | 48 | -6.3 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 23 | 33 | -30.3 |
| Proposals | 1 | 3 | 0 | -66.7 | -- | 22 | 15 | 46.7 |
| Yukon | 3 | 3 | 1 | 0.0 | 200.0 | 43 | 29 | 48.3 |
| Bankruptcies | 2 | 2 | 1 | 0.0 | 100.0 | 25 | 25 | 0.0 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 18 | 4 | 350.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 4 | 5 | -20.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
| Canada | 11,577 | 11,557 | 11,397 | 0.2 | 1.6 | 122,018 | 126,314 | -3.4 |
| Bankruptcies | 6,863 | 6,934 | 6,993 | -1.0 | -1.9 | 73,184 | 78,908 | -7.3 |
| Proposals | 4,714 | 4,623 | 4,404 | 2.0 | 7.0 | 48,834 | 47,406 | 3.0 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| May 2013 | Apr. 2013 | May 2012 | Apr. 2013 to May 2013 | May 2012 to May 2013 | 05-31-2013 | 05-31-2012 | % Change | |
| Newfoundland and Labrador | 179 | 155 | 178 | 15.5 | 0.6 | 1,745 | 1,909 | -8.6 |
| Bankruptcies | 159 | 138 | 157 | 15.2 | 1.3 | 1,608 | 1,776 | -9.5 |
| Proposals | 20 | 17 | 21 | 17.6 | -4.8 | 137 | 133 | 3.0 |
| Prince Edward Island | 49 | 51 | 52 | -3.9 | -5.8 | 598 | 591 | 1.2 |
| Bankruptcies | 34 | 40 | 38 | -15.0 | -10.5 | 458 | 458 | 0.0 |
| Proposals | 15 | 11 | 14 | 36.4 | 7.1 | 140 | 133 | 5.3 |
| Nova Scotia | 437 | 430 | 411 | 1.6 | 6.3 | 4,273 | 4,463 | -4.3 |
| Bankruptcies | 319 | 327 | 325 | -2.4 | -1.8 | 3,115 | 3,465 | -10.1 |
| Proposals | 118 | 103 | 86 | 14.6 | 37.2 | 1,158 | 998 | 16.0 |
| New Brunswick | 366 | 314 | 360 | 16.6 | 1.7 | 3,747 | 3,783 | -1.0 |
| Bankruptcies | 272 | 253 | 296 | 7.5 | -8.1 | 2,804 | 2,982 | -6.0 |
| Proposals | 94 | 61 | 64 | 54.1 | 46.9 | 943 | 801 | 17.7 |
| Quebec | 3,735 | 3,715 | 3,292 | 0.5 | 13.5 | 37,436 | 35,813 | 4.5 |
| Bankruptcies | 2,384 | 2,384 | 2,295 | 0.0 | 3.9 | 24,541 | 25,180 | -2.5 |
| Proposals | 1,351 | 1,331 | 997 | 1.5 | 35.5 | 12,895 | 10,633 | 21.3 |
| Ontario | 4,166 | 4,258 | 4,528 | -2.2 | -8.0 | 45,902 | 49,461 | -7.2 |
| Bankruptcies | 2,085 | 2,136 | 2,186 | -2.4 | -4.6 | 22,587 | 24,646 | -8.4 |
| Proposals | 2,081 | 2,122 | 2,342 | -1.9 | -11.1 | 23,315 | 24,815 | -6.0 |
| Manitoba | 178 | 174 | 175 | 2.3 | 1.7 | 1,819 | 2,040 | -10.8 |
| Bankruptcies | 117 | 109 | 112 | 7.3 | 4.5 | 1,225 | 1,397 | -12.3 |
| Proposals | 61 | 65 | 63 | -6.2 | -3.2 | 594 | 643 | -7.6 |
| Saskatchewan | 159 | 166 | 153 | -4.2 | 3.9 | 1,667 | 1,894 | -12.0 |
| Bankruptcies | 91 | 104 | 89 | -12.5 | 2.2 | 1,004 | 1,128 | -11.0 |
| Proposals | 68 | 62 | 64 | 9.7 | 6.3 | 663 | 766 | -13.4 |
| Alberta | 773 | 793 | 791 | -2.5 | -2.3 | 8,889 | 9,751 | -8.8 |
| Bankruptcies | 434 | 464 | 515 | -6.5 | -15.7 | 5,288 | 6,534 | -19.1 |
| Proposals | 339 | 329 | 276 | 3.0 | 22.8 | 3,601 | 3,217 | 11.9 |
| British Columbia | 1,140 | 1,094 | 1,053 | 4.2 | 8.3 | 11,583 | 11,891 | -2.6 |
| Bankruptcies | 678 | 676 | 695 | 0.3 | -2.4 | 7,321 | 7,800 | -6.1 |
| Proposals | 462 | 418 | 358 | 10.5 | 29.1 | 4,262 | 4,091 | 4.2 |
| Northwest Territories | 2 | 4 | 1 | -50.0 | 100.0 | 45 | 47 | -4.3 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 23 | 33 | -30.3 |
| Proposals | 1 | 3 | 0 | -66.7 | -- | 22 | 14 | 57.1 |
| Yukon | 3 | 3 | 0 | 0.0 | -- | 41 | 27 | 51.9 |
| Bankruptcies | 2 | 2 | 0 | 0.0 | -- | 23 | 23 | 0.0 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 18 | 4 | 350.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 3 | 5 | -40.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 3 | -66.7 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
| Canada | 11,187 | 11,157 | 10,994 | 0.3 | 1.8 | 117,748 | 121,675 | -3.2 |
| Bankruptcies | 6,576 | 6,634 | 6,709 | -0.9 | -2.0 | 69,998 | 75,425 | -7.2 |
| Proposals | 4,611 | 4,523 | 4,285 | 1.9 | 7.6 | 47,750 | 46,250 | 3.2 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| May 2013 | Apr. 2013 | May 2012 | Apr. 2013 to May 2013 | May 2012 to May 2013 | 05-31-2013 | 05-31-2012 | % Change | |
| Newfoundland and Labrador | 5 | 2 | 0 | 150.0 | -- | 24 | 20 | 20.0 |
| Bankruptcies | 4 | 2 | 0 | 100.0 | -- | 17 | 18 | -5.6 |
| Proposals | 1 | 0 | 0 | -- | -- | 7 | 2 | 250.0 |
| Prince Edward Island | 0 | 2 | 0 | -100.0 | -- | 15 | 21 | -28.6 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 13 | 18 | -27.8 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 2 | 3 | -33.3 |
| Nova Scotia | 8 | 9 | 9 | -11.1 | -11.1 | 111 | 92 | 20.7 |
| Bankruptcies | 6 | 7 | 8 | -14.3 | -25.0 | 88 | 76 | 15.8 |
| Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 23 | 16 | 43.8 |
| New Brunswick | 6 | 6 | 6 | 0.0 | 0.0 | 64 | 64 | 0.0 |
| Bankruptcies | 5 | 5 | 6 | 0.0 | -16.7 | 48 | 48 | 0.0 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 16 | 16 | 0.0 |
| Quebec | 209 | 190 | 202 | 10.0 | 3.5 | 2,074 | 2,061 | 0.6 |
| Bankruptcies | 153 | 133 | 135 | 15.0 | 13.3 | 1,533 | 1,496 | 2.5 |
| Proposals | 56 | 57 | 67 | -1.8 | -16.4 | 541 | 565 | -4.2 |
| Ontario | 105 | 138 | 113 | -23.9 | -7.1 | 1,291 | 1,541 | -16.2 |
| Bankruptcies | 78 | 112 | 78 | -30.4 | 0.0 | 1,005 | 1,197 | -16.0 |
| Proposals | 27 | 26 | 35 | 3.8 | -22.9 | 286 | 344 | -16.9 |
| Manitoba | 2 | 7 | 4 | -71.4 | -50.0 | 52 | 67 | -22.4 |
| Bankruptcies | 1 | 6 | 4 | -83.3 | -75.0 | 42 | 56 | -25.0 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 10 | 11 | -9.1 |
| Saskatchewan | 10 | 10 | 14 | 0.0 | -28.6 | 116 | 152 | -23.7 |
| Bankruptcies | 7 | 6 | 8 | 16.7 | -12.5 | 66 | 105 | -37.1 |
| Proposals | 3 | 4 | 6 | -25.0 | -50.0 | 50 | 47 | 6.4 |
| Alberta | 17 | 17 | 35 | 0.0 | -51.4 | 253 | 349 | -27.5 |
| Bankruptcies | 11 | 15 | 28 | -26.7 | -60.7 | 180 | 259 | -30.5 |
| Proposals | 6 | 2 | 7 | 200.0 | -14.3 | 73 | 90 | -18.9 |
| British Columbia | 28 | 19 | 19 | 47.4 | 47.4 | 267 | 269 | -0.7 |
| Bankruptcies | 22 | 13 | 16 | 69.2 | 37.5 | 191 | 208 | -8.2 |
| Proposals | 6 | 6 | 3 | 0.0 | 100.0 | 76 | 61 | 24.6 |
| 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 | 1 | -- | -100.0 | 2 | 2 | 0.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 2 | 2 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 390 | 400 | 403 | -2.5 | -3.2 | 4,270 | 4,639 | -8.0 |
| Bankruptcies | 287 | 300 | 284 | -4.3 | 1.1 | 3,186 | 3,483 | -8.5 |
| Proposals | 103 | 100 | 119 | 3.0 | -13.4 | 1,084 | 1,156 | -6.2 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| May 2013 | Apr. 2013 | May 2012 | Apr. 2013 to May 2013 | May 2012 to May 2013 | 05-31-2013 | 05-31-2012 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 10 | 5 | 14 | 100.0 | -28.6 | 107 | 125 | -14.4 |
| Bankruptcies | 7 | 4 | 10 | 75.0 | -30.0 | 77 | 98 | -21.4 |
| Proposals | 3 | 1 | 4 | 200.0 | -25.0 | 30 | 27 | 11.1 |
| Mining and Oil and Gas Extraction | 5 | 5 | 2 | 0.0 | 150.0 | 44 | 18 | 144.4 |
| Bankruptcies | 3 | 4 | 2 | -25.0 | 50.0 | 30 | 13 | 130.8 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 14 | 5 | 180.0 |
| Utilities | 0 | 0 | 1 | -- | -100.0 | 17 | 16 | 6.3 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 8 | 12 | -33.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 9 | 4 | 125.0 |
| Construction | 64 | 60 | 76 | 6.7 | -15.8 | 782 | 804 | -2.7 |
| Bankruptcies | 50 | 45 | 55 | 11.1 | -9.1 | 575 | 613 | -6.2 |
| Proposals | 14 | 15 | 21 | -6.7 | -33.3 | 207 | 191 | 8.4 |
| Manufacturing | 36 | 42 | 39 | -14.3 | -7.7 | 420 | 525 | -20.0 |
| Bankruptcies | 24 | 31 | 23 | -22.6 | 4.3 | 290 | 376 | -22.9 |
| Proposals | 12 | 11 | 16 | 9.1 | -25.0 | 130 | 149 | -12.8 |
| Wholesale Trade | 20 | 28 | 19 | -28.6 | 5.3 | 237 | 249 | -4.8 |
| Bankruptcies | 14 | 15 | 12 | -6.7 | 16.7 | 170 | 185 | -8.1 |
| Proposals | 6 | 13 | 7 | -53.8 | -14.3 | 67 | 64 | 4.7 |
| Retail Trade | 43 | 48 | 50 | -10.4 | -14.0 | 543 | 618 | -12.1 |
| Bankruptcies | 32 | 38 | 38 | -15.8 | -15.8 | 420 | 467 | -10.1 |
| Proposals | 11 | 10 | 12 | 10.0 | -8.3 | 123 | 151 | -18.5 |
| Transportation and Warehousing | 21 | 24 | 19 | -12.5 | 10.5 | 261 | 281 | -7.1 |
| Bankruptcies | 15 | 20 | 15 | -25.0 | 0.0 | 213 | 223 | -4.5 |
| Proposals | 6 | 4 | 4 | 50.0 | 50.0 | 48 | 58 | -17.2 |
| Information and Cultural Industries | 9 | 7 | 6 | 28.6 | 50.0 | 64 | 68 | -5.9 |
| Bankruptcies | 9 | 6 | 5 | 50.0 | 80.0 | 54 | 55 | -1.8 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 10 | 13 | -23.1 |
| Finance and Insurance | 10 | 6 | 8 | 66.7 | 25.0 | 78 | 93 | -16.1 |
| Bankruptcies | 9 | 5 | 7 | 80.0 | 28.6 | 66 | 65 | 1.5 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 12 | 28 | -57.1 |
| Real Estate and Rental and Leasing | 12 | 7 | 9 | 71.4 | 33.3 | 113 | 120 | -5.8 |
| Bankruptcies | 10 | 4 | 4 | 150.0 | 150.0 | 85 | 81 | 4.9 |
| Proposals | 2 | 3 | 5 | -33.3 | -60.0 | 28 | 39 | -28.2 |
| Professional, Scientific and Technical Services | 27 | 37 | 26 | -27.0 | 3.8 | 289 | 295 | -2.0 |
| Bankruptcies | 20 | 27 | 18 | -25.9 | 11.1 | 218 | 211 | 3.3 |
| Proposals | 7 | 10 | 8 | -30.0 | -12.5 | 71 | 84 | -15.5 |
| Management of Companies and Enterprises | 7 | 5 | 7 | 40.0 | 0.0 | 62 | 57 | 8.8 |
| Bankruptcies | 3 | 4 | 5 | -25.0 | -40.0 | 48 | 43 | 11.6 |
| Proposals | 4 | 1 | 2 | 300.0 | 100.0 | 14 | 14 | 0.0 |
| Administrative and Support, Waste Management and Remediation Services | 19 | 16 | 23 | 18.8 | -17.4 | 196 | 225 | -12.9 |
| Bankruptcies | 14 | 13 | 16 | 7.7 | -12.5 | 147 | 167 | -12.0 |
| Proposals | 5 | 3 | 7 | 66.7 | -28.6 | 49 | 58 | -15.5 |
| Educational Services | 1 | 4 | 5 | -75.0 | -80.0 | 28 | 35 | -20.0 |
| Bankruptcies | 0 | 3 | 3 | -100.0 | -100.0 | 22 | 25 | -12.0 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 6 | 10 | -40.0 |
| Health Care and Social Assistance | 5 | 8 | 6 | -37.5 | -16.7 | 55 | 62 | -11.3 |
| Bankruptcies | 4 | 8 | 4 | -50.0 | 0.0 | 45 | 43 | 4.7 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 10 | 19 | -47.4 |
| Arts, Entertainment and Recreation | 6 | 10 | 6 | -40.0 | 0.0 | 83 | 85 | -2.4 |
| Bankruptcies | 5 | 9 | 5 | -44.4 | 0.0 | 67 | 73 | -8.2 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 16 | 12 | 33.3 |
| Accommodation and Food Services | 74 | 62 | 64 | 19.4 | 15.6 | 634 | 677 | -6.4 |
| Bankruptcies | 50 | 47 | 41 | 6.4 | 22.0 | 453 | 497 | -8.9 |
| Proposals | 24 | 15 | 23 | 60.0 | 4.3 | 181 | 180 | 0.6 |
| Other Services (except Public Administration) | 21 | 26 | 23 | -19.2 | -8.7 | 257 | 278 | -7.6 |
| Bankruptcies | 18 | 17 | 20 | 5.9 | -10.0 | 198 | 230 | -13.9 |
| Proposals | 3 | 9 | 3 | -66.7 | 0.0 | 59 | 48 | 22.9 |
| Public Administration | 0 | 0 | 0 | -- | -- | 0 | 7 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Total | 390 | 400 | 403 | -2.5 | -3.2 | 4,270 | 4,639 | -8.0 |
| Bankruptcies | 287 | 300 | 284 | -4.3 | 1.1 | 3,186 | 3,483 | -8.5 |
| Proposals | 103 | 100 | 119 | 3.0 | -13.4 | 1,084 | 1,156 | -6.2 |