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Insolvency Statistics in Canada—July 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 | ||||||
---|---|---|---|---|---|---|---|---|
July 2013 | June 2013 | July 2012 | Jun. 2013 to Jul. 2013 | Jul. 2012 to Jul. 2013 | 07-31-2013 | 07-31-2012 | % Change | |
Newfoundland and Labrador | 156 | 140 | 140 | 11.4 | 11.4 | 1,764 | 1,888 | -6.6 |
Bankruptcies | 140 | 136 | 126 | 2.9 | 11.1 | 1,629 | 1,739 | -6.3 |
Proposals | 16 | 4 | 14 | 300.0 | 14.3 | 135 | 149 | -9.4 |
Prince Edward Island | 73 | 46 | 61 | 58.7 | 19.7 | 616 | 620 | -0.6 |
Bankruptcies | 53 | 36 | 45 | 47.2 | 17.8 | 475 | 475 | 0.0 |
Proposals | 20 | 10 | 16 | 100.0 | 25.0 | 141 | 145 | -2.8 |
Nova Scotia | 395 | 419 | 354 | -5.7 | 11.6 | 4,465 | 4,531 | -1.5 |
Bankruptcies | 264 | 273 | 266 | -3.3 | -0.8 | 3,190 | 3,491 | -8.6 |
Proposals | 131 | 146 | 88 | -10.3 | 48.9 | 1,275 | 1,040 | 22.6 |
New Brunswick | 369 | 347 | 312 | 6.3 | 18.3 | 3,866 | 3,860 | 0.2 |
Bankruptcies | 267 | 241 | 213 | 10.8 | 25.4 | 2,876 | 2,976 | -3.4 |
Proposals | 102 | 106 | 99 | -3.8 | 3.0 | 990 | 884 | 12.0 |
Quebec | 3,368 | 3,258 | 2,787 | 3.4 | 20.8 | 40,408 | 38,035 | 6.2 |
Bankruptcies | 2,219 | 2,112 | 1,920 | 5.1 | 15.6 | 26,446 | 26,576 | -0.5 |
Proposals | 1,149 | 1,146 | 867 | 0.3 | 32.5 | 13,962 | 11,459 | 21.8 |
Ontario | 3,681 | 3,660 | 3,816 | 0.6 | -3.5 | 46,544 | 50,758 | -8.3 |
Bankruptcies | 1,906 | 1,868 | 1,955 | 2.0 | -2.5 | 23,317 | 25,570 | -8.8 |
Proposals | 1,775 | 1,792 | 1,861 | -0.9 | -4.6 | 23,227 | 25,188 | -7.8 |
Manitoba | 164 | 153 | 144 | 7.2 | 13.9 | 1,881 | 2,041 | -7.8 |
Bankruptcies | 107 | 107 | 103 | 0.0 | 3.9 | 1,271 | 1,400 | -9.2 |
Proposals | 57 | 46 | 41 | 23.9 | 39.0 | 610 | 641 | -4.8 |
Saskatchewan | 145 | 134 | 146 | 8.2 | -0.7 | 1,748 | 1,991 | -12.2 |
Bankruptcies | 97 | 73 | 89 | 32.9 | 9.0 | 1,051 | 1,192 | -11.8 |
Proposals | 48 | 61 | 57 | -21.3 | -15.8 | 697 | 799 | -12.8 |
Alberta | 678 | 681 | 804 | -0.4 | -15.7 | 8,857 | 9,983 | -11.3 |
Bankruptcies | 394 | 384 | 505 | 2.6 | -22.0 | 5,235 | 6,590 | -20.6 |
Proposals | 284 | 297 | 299 | -4.4 | -5.0 | 3,622 | 3,393 | 6.7 |
British Columbia | 1,037 | 1,014 | 991 | 2.3 | 4.6 | 11,897 | 12,215 | -2.6 |
Bankruptcies | 594 | 595 | 645 | -0.2 | -7.9 | 7,404 | 7,977 | -7.2 |
Proposals | 443 | 419 | 346 | 5.7 | 28.0 | 4,493 | 4,238 | 6.0 |
Northwest Territories | 8 | 5 | 4 | 60.0 | 100.0 | 51 | 48 | 6.3 |
Bankruptcies | 6 | 4 | 2 | 50.0 | 200.0 | 29 | 31 | -6.5 |
Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 22 | 17 | 29.4 |
Yukon | 2 | 3 | 4 | -33.3 | -50.0 | 41 | 26 | 57.7 |
Bankruptcies | 2 | 3 | 2 | -33.3 | 0.0 | 26 | 21 | 23.8 |
Proposals | 0 | 0 | 2 | -- | -100.0 | 15 | 5 | 200.0 |
Nunavut | 0 | 1 | 2 | -100.0 | -100.0 | 3 | 3 | 0.0 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 1 | 1 | 0.0 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 2 | 0.0 |
Canada | 10,076 | 9,861 | 9,565 | 2.2 | 5.3 | 122,141 | 125,999 | -3.1 |
Bankruptcies | 6,049 | 5,832 | 5,872 | 3.7 | 3.0 | 72,950 | 78,039 | -6.5 |
Proposals | 4,027 | 4,029 | 3,693 | 0.0 | 9.0 | 49,191 | 47,960 | 2.6 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
July 2013 | June 2013 | July 2012 | Jun. 2013 to Jul. 2013 | Jul. 2012 to Jul. 2013 | 07-31-2013 | 07-31-2012 | % Change | |
Newfoundland and Labrador | 154 | 139 | 138 | 10.8 | 11.6 | 1,739 | 1,870 | -7.0 |
Bankruptcies | 140 | 135 | 125 | 3.7 | 12.0 | 1,612 | 1,724 | -6.5 |
Proposals | 14 | 4 | 13 | 250.0 | 7.7 | 127 | 146 | -13.0 |
Prince Edward Island | 73 | 45 | 60 | 62.2 | 21.7 | 604 | 597 | 1.2 |
Bankruptcies | 53 | 36 | 44 | 47.2 | 20.5 | 465 | 456 | 2.0 |
Proposals | 20 | 9 | 16 | 122.2 | 25.0 | 139 | 141 | -1.4 |
Nova Scotia | 389 | 408 | 345 | -4.7 | 12.8 | 4,355 | 4,438 | -1.9 |
Bankruptcies | 259 | 265 | 259 | -2.3 | 0.0 | 3,105 | 3,413 | -9.0 |
Proposals | 130 | 143 | 86 | -9.1 | 51.2 | 1,250 | 1,025 | 22.0 |
New Brunswick | 364 | 337 | 306 | 8.0 | 19.0 | 3,796 | 3,796 | 0.0 |
Bankruptcies | 262 | 234 | 209 | 12.0 | 25.4 | 2,823 | 2,925 | -3.5 |
Proposals | 102 | 103 | 97 | -1.0 | 5.2 | 973 | 871 | 11.7 |
Quebec | 3,192 | 3,093 | 2,646 | 3.2 | 20.6 | 38,297 | 35,961 | 6.5 |
Bankruptcies | 2,081 | 2,000 | 1,807 | 4.1 | 15.2 | 24,904 | 25,052 | -0.6 |
Proposals | 1,111 | 1,093 | 839 | 1.6 | 32.4 | 13,393 | 10,909 | 22.8 |
Ontario | 3,592 | 3,564 | 3,720 | 0.8 | -3.4 | 45,275 | 49,277 | -8.1 |
Bankruptcies | 1,835 | 1,803 | 1,878 | 1.8 | -2.3 | 22,337 | 24,428 | -8.6 |
Proposals | 1,757 | 1,761 | 1,842 | -0.2 | -4.6 | 22,938 | 24,849 | -7.7 |
Manitoba | 157 | 150 | 140 | 4.7 | 12.1 | 1,828 | 1,973 | -7.3 |
Bankruptcies | 104 | 104 | 99 | 0.0 | 5.1 | 1,228 | 1,346 | -8.8 |
Proposals | 53 | 46 | 41 | 15.2 | 29.3 | 600 | 627 | -4.3 |
Saskatchewan | 133 | 122 | 137 | 9.0 | -2.9 | 1,625 | 1,846 | -12.0 |
Bankruptcies | 89 | 65 | 87 | 36.9 | 2.3 | 977 | 1,095 | -10.8 |
Proposals | 44 | 57 | 50 | -22.8 | -12.0 | 648 | 751 | -13.7 |
Alberta | 669 | 669 | 785 | 0.0 | -14.8 | 8,633 | 9,636 | -10.4 |
Bankruptcies | 385 | 375 | 489 | 2.7 | -21.3 | 5,075 | 6,324 | -19.8 |
Proposals | 284 | 294 | 296 | -3.4 | -4.1 | 3,558 | 3,312 | 7.4 |
British Columbia | 1,024 | 992 | 963 | 3.2 | 6.3 | 11,632 | 11,956 | -2.7 |
Bankruptcies | 586 | 578 | 624 | 1.4 | -6.1 | 7,217 | 7,775 | -7.2 |
Proposals | 438 | 414 | 339 | 5.8 | 29.2 | 4,415 | 4,181 | 5.6 |
Northwest Territories | 8 | 5 | 4 | 60.0 | 100.0 | 51 | 47 | 8.5 |
Bankruptcies | 6 | 4 | 2 | 50.0 | 200.0 | 29 | 31 | -6.5 |
Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 22 | 16 | 37.5 |
Yukon | 2 | 3 | 4 | -33.3 | -50.0 | 39 | 25 | 56.0 |
Bankruptcies | 2 | 3 | 2 | -33.3 | 0.0 | 24 | 20 | 20.0 |
Proposals | 0 | 0 | 2 | -- | -100.0 | 15 | 5 | 200.0 |
Nunavut | 0 | 1 | 1 | -100.0 | -100.0 | 3 | 2 | 50.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 2 | 0.0 |
Canada | 9,757 | 9,528 | 9,249 | 2.4 | 5.5 | 117,877 | 121,424 | -2.9 |
Bankruptcies | 5,802 | 5,602 | 5,625 | 3.6 | 3.1 | 69,797 | 74,589 | -6.4 |
Proposals | 3,955 | 3,926 | 3,624 | 0.7 | 9.1 | 48,080 | 46,835 | 2.7 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
July 2013 | June 2013 | July 2012 | Jun. 2013 to Jul. 2013 | Jul. 2012 to Jul. 2013 | 07-31-2013 | 07-31-2012 | % Change | |
Newfoundland and Labrador | 2 | 1 | 2 | 100.0 | 0.0 | 25 | 18 | 38.9 |
Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 17 | 15 | 13.3 |
Proposals | 2 | 0 | 1 | -- | 100.0 | 8 | 3 | 166.7 |
Prince Edward Island | 0 | 1 | 1 | -100.0 | -100.0 | 12 | 23 | -47.8 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 10 | 19 | -47.4 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 2 | 4 | -50.0 |
Nova Scotia | 6 | 11 | 9 | -45.5 | -33.3 | 110 | 93 | 18.3 |
Bankruptcies | 5 | 8 | 7 | -37.5 | -28.6 | 85 | 78 | 9.0 |
Proposals | 1 | 3 | 2 | -66.7 | -50.0 | 25 | 15 | 66.7 |
New Brunswick | 5 | 10 | 6 | -50.0 | -16.7 | 70 | 64 | 9.4 |
Bankruptcies | 5 | 7 | 4 | -28.6 | 25.0 | 53 | 51 | 3.9 |
Proposals | 0 | 3 | 2 | -100.0 | -100.0 | 17 | 13 | 30.8 |
Quebec | 176 | 165 | 141 | 6.7 | 24.8 | 2,111 | 2,074 | 1.8 |
Bankruptcies | 138 | 112 | 113 | 23.2 | 22.1 | 1,542 | 1,524 | 1.2 |
Proposals | 38 | 53 | 28 | -28.3 | 35.7 | 569 | 550 | 3.5 |
Ontario | 89 | 96 | 96 | -7.3 | -7.3 | 1,269 | 1,481 | -14.3 |
Bankruptcies | 71 | 65 | 77 | 9.2 | -7.8 | 980 | 1,142 | -14.2 |
Proposals | 18 | 31 | 19 | -41.9 | -5.3 | 289 | 339 | -14.7 |
Manitoba | 7 | 3 | 4 | 133.3 | 75.0 | 53 | 68 | -22.1 |
Bankruptcies | 3 | 3 | 4 | 0.0 | -25.0 | 43 | 54 | -20.4 |
Proposals | 4 | 0 | 0 | -- | -- | 10 | 14 | -28.6 |
Saskatchewan | 12 | 12 | 9 | 0.0 | 33.3 | 123 | 145 | -15.2 |
Bankruptcies | 8 | 8 | 2 | 0.0 | 300.0 | 74 | 97 | -23.7 |
Proposals | 4 | 4 | 7 | 0.0 | -42.9 | 49 | 48 | 2.1 |
Alberta | 9 | 12 | 19 | -25.0 | -52.6 | 224 | 347 | -35.4 |
Bankruptcies | 9 | 9 | 16 | 0.0 | -43.8 | 160 | 266 | -39.8 |
Proposals | 0 | 3 | 3 | -100.0 | -100.0 | 64 | 81 | -21.0 |
British Columbia | 13 | 22 | 28 | -40.9 | -53.6 | 265 | 259 | 2.3 |
Bankruptcies | 8 | 17 | 21 | -52.9 | -61.9 | 187 | 202 | -7.4 |
Proposals | 5 | 5 | 7 | 0.0 | -28.6 | 78 | 57 | 36.8 |
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 | 319 | 333 | 316 | -4.2 | 0.9 | 4,264 | 4,575 | -6.8 |
Bankruptcies | 247 | 230 | 247 | 7.4 | 0.0 | 3,153 | 3,450 | -8.6 |
Proposals | 72 | 103 | 69 | -30.1 | 4.3 | 1,111 | 1,125 | -1.2 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
July 2013 | June 2013 | July 2012 | Jun. 2013 to Jul. 2013 | Jul. 2012 to Jul. 2013 | 07-31-2013 | 07-31-2012 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 9 | 6 | 5 | 50.0 | 80.0 | 104 | 126 | -17.5 |
Bankruptcies | 6 | 6 | 4 | 0.0 | 50.0 | 75 | 98 | -23.5 |
Proposals | 3 | 0 | 1 | -- | 200.0 | 29 | 28 | 3.6 |
Mining and Oil and Gas Extraction | 1 | 3 | 6 | -66.7 | -83.3 | 39 | 25 | 56.0 |
Bankruptcies | 0 | 1 | 6 | -100.0 | -100.0 | 23 | 19 | 21.1 |
Proposals | 1 | 2 | 0 | -50.0 | -- | 16 | 6 | 166.7 |
Utilities | 0 | 0 | 4 | -- | -100.0 | 11 | 19 | -42.1 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 5 | 13 | -61.5 |
Proposals | 0 | 0 | 3 | -- | -100.0 | 6 | 6 | 0.0 |
Construction | 60 | 57 | 66 | 5.3 | -9.1 | 755 | 822 | -8.2 |
Bankruptcies | 46 | 42 | 50 | 9.5 | -8.0 | 557 | 621 | -10.3 |
Proposals | 14 | 15 | 16 | -6.7 | -12.5 | 198 | 201 | -1.5 |
Manufacturing | 25 | 34 | 34 | -26.5 | -26.5 | 420 | 488 | -13.9 |
Bankruptcies | 21 | 21 | 26 | 0.0 | -19.2 | 289 | 353 | -18.1 |
Proposals | 4 | 13 | 8 | -69.2 | -50.0 | 131 | 135 | -3.0 |
Wholesale Trade | 16 | 11 | 14 | 45.5 | 14.3 | 226 | 246 | -8.1 |
Bankruptcies | 16 | 5 | 12 | 220.0 | 33.3 | 161 | 186 | -13.4 |
Proposals | 0 | 6 | 2 | -100.0 | -100.0 | 65 | 60 | 8.3 |
Retail Trade | 35 | 39 | 29 | -10.3 | 20.7 | 541 | 613 | -11.7 |
Bankruptcies | 28 | 28 | 21 | 0.0 | 33.3 | 421 | 463 | -9.1 |
Proposals | 7 | 11 | 8 | -36.4 | -12.5 | 120 | 150 | -20.0 |
Transportation and Warehousing | 16 | 20 | 15 | -20.0 | 6.7 | 258 | 263 | -1.9 |
Bankruptcies | 12 | 14 | 14 | -14.3 | -14.3 | 205 | 208 | -1.4 |
Proposals | 4 | 6 | 1 | -33.3 | 300.0 | 53 | 55 | -3.6 |
Information and Cultural Industries | 6 | 5 | 5 | 20.0 | 20.0 | 64 | 66 | -3.0 |
Bankruptcies | 5 | 4 | 3 | 25.0 | 66.7 | 55 | 53 | 3.8 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 9 | 13 | -30.8 |
Finance and Insurance | 3 | 4 | 7 | -25.0 | -57.1 | 74 | 87 | -14.9 |
Bankruptcies | 3 | 3 | 7 | 0.0 | -57.1 | 61 | 68 | -10.3 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 13 | 19 | -31.6 |
Real Estate and Rental and Leasing | 14 | 15 | 9 | -6.7 | 55.6 | 130 | 115 | 13.0 |
Bankruptcies | 11 | 14 | 7 | -21.4 | 57.1 | 100 | 77 | 29.9 |
Proposals | 3 | 1 | 2 | 200.0 | 50.0 | 30 | 38 | -21.1 |
Professional, Scientific and Technical Services | 22 | 20 | 21 | 10.0 | 4.8 | 290 | 295 | -1.7 |
Bankruptcies | 16 | 10 | 14 | 60.0 | 14.3 | 215 | 209 | 2.9 |
Proposals | 6 | 10 | 7 | -40.0 | -14.3 | 75 | 86 | -12.8 |
Management of Companies and Enterprises | 5 | 9 | 5 | -44.4 | 0.0 | 66 | 61 | 8.2 |
Bankruptcies | 4 | 6 | 5 | -33.3 | -20.0 | 48 | 50 | -4.0 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 18 | 11 | 63.6 |
Administrative and Support, Waste Management and Remediation Services | 19 | 19 | 15 | 0.0 | 26.7 | 199 | 241 | -17.4 |
Bankruptcies | 14 | 15 | 10 | -6.7 | 40.0 | 151 | 176 | -14.2 |
Proposals | 5 | 4 | 5 | 25.0 | 0.0 | 48 | 65 | -26.2 |
Educational Services | 5 | 5 | 4 | 0.0 | 25.0 | 32 | 35 | -8.6 |
Bankruptcies | 5 | 2 | 4 | 150.0 | 25.0 | 23 | 30 | -23.3 |
Proposals | 0 | 3 | 0 | -100.0 | -- | 9 | 5 | 80.0 |
Health Care and Social Assistance | 3 | 6 | 6 | -50.0 | -50.0 | 55 | 58 | -5.2 |
Bankruptcies | 2 | 5 | 4 | -60.0 | -50.0 | 45 | 43 | 4.7 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 10 | 15 | -33.3 |
Arts, Entertainment and Recreation | 10 | 5 | 6 | 100.0 | 66.7 | 86 | 79 | 8.9 |
Bankruptcies | 8 | 4 | 4 | 100.0 | 100.0 | 70 | 66 | 6.1 |
Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 16 | 13 | 23.1 |
Accommodation and Food Services | 51 | 56 | 42 | -8.9 | 21.4 | 653 | 666 | -2.0 |
Bankruptcies | 38 | 37 | 36 | 2.7 | 5.6 | 455 | 491 | -7.3 |
Proposals | 13 | 19 | 6 | -31.6 | 116.7 | 198 | 175 | 13.1 |
Other Services (except Public Administration) | 19 | 19 | 23 | 0.0 | -17.4 | 261 | 264 | -1.1 |
Bankruptcies | 12 | 13 | 19 | -7.7 | -36.8 | 194 | 222 | -12.6 |
Proposals | 7 | 6 | 4 | 16.7 | 75.0 | 67 | 42 | 59.5 |
Public Administration | 0 | 0 | 0 | -- | -- | 0 | 6 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 4 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
Total | 319 | 333 | 316 | -4.2 | 0.9 | 4,264 | 4,575 | -6.8 |
Bankruptcies | 247 | 230 | 247 | 7.4 | 0.0 | 3,153 | 3,450 | -8.6 |
Proposals | 72 | 103 | 69 | -30.1 | 4.3 | 1,111 | 1,125 | -1.2 |