Detailed report
PDF Version
Insolvency Statistics in Canada
September 2014
619 KB, 7 pages
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.
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Sept. 2014 | August 2014 | Sept. 2013 | August 2014 to Sept. 2014 | Sept. 2013 to Sept. 2014 | 09-30-2014 | 09-30-2013 | % Change | |
| Newfoundland and Labrador | 127 | 128 | 123 | -0.8 | 3.3 | 1,579 | 1,734 | -8.9 |
| Bankruptcies | 111 | 103 | 115 | 7.8 | -3.5 | 1,395 | 1,589 | -12.2 |
| Proposals | 16 | 25 | 8 | -36.0 | 100.0 | 184 | 145 | 26.9 |
| Prince Edward Island | 62 | 82 | 47 | -24.4 | 31.9 | 742 | 641 | 15.8 |
| Bankruptcies | 43 | 61 | 28 | -29.5 | 53.6 | 523 | 480 | 9.0 |
| Proposals | 19 | 21 | 19 | -9.5 | 0.0 | 219 | 161 | 36.0 |
| Nova Scotia | 500 | 396 | 450 | 26.3 | 11.1 | 5,146 | 4,670 | 10.2 |
| Bankruptcies | 360 | 283 | 306 | 27.2 | 17.6 | 3,659 | 3,293 | 11.1 |
| Proposals | 140 | 113 | 144 | 23.9 | -2.8 | 1,487 | 1,377 | 8.0 |
| New Brunswick | 393 | 398 | 330 | -1.3 | 19.1 | 4,303 | 3,905 | 10.2 |
| Bankruptcies | 275 | 276 | 217 | -0.4 | 26.7 | 3,016 | 2,857 | 5.6 |
| Proposals | 118 | 122 | 113 | -3.3 | 4.4 | 1,287 | 1,048 | 22.8 |
| Quebec | 3,694 | 3,461 | 3,499 | 6.7 | 5.6 | 43,111 | 41,266 | 4.5 |
| Bankruptcies | 2,200 | 2,022 | 2,253 | 8.8 | -2.4 | 26,019 | 26,747 | -2.7 |
| Proposals | 1,494 | 1,439 | 1,246 | 3.8 | 19.9 | 17,092 | 14,519 | 17.7 |
| Ontario | 3,537 | 3,132 | 3,722 | 12.9 | -5.0 | 42,884 | 46,149 | -7.1 |
| Bankruptcies | 1,706 | 1,487 | 1,801 | 14.7 | -5.3 | 20,679 | 23,073 | -10.4 |
| Proposals | 1,831 | 1,645 | 1,921 | 11.3 | -4.7 | 22,205 | 23,076 | -3.8 |
| Manitoba | 186 | 166 | 151 | 12.0 | 23.2 | 1,938 | 1,888 | 2.6 |
| Bankruptcies | 130 | 97 | 100 | 34.0 | 30.0 | 1,252 | 1,253 | -0.1 |
| Proposals | 56 | 69 | 51 | -18.8 | 9.8 | 686 | 635 | 8.0 |
| Saskatchewan | 181 | 163 | 163 | 11.0 | 11.0 | 2,018 | 1,752 | 15.2 |
| Bankruptcies | 104 | 85 | 105 | 22.4 | -1.0 | 1,175 | 1,065 | 10.3 |
| Proposals | 77 | 78 | 58 | -1.3 | 32.8 | 843 | 687 | 22.7 |
| Alberta | 707 | 644 | 689 | 9.8 | 2.6 | 8,291 | 8,757 | -5.3 |
| Bankruptcies | 318 | 300 | 388 | 6.0 | -18.0 | 4,065 | 5,103 | -20.3 |
| Proposals | 389 | 344 | 301 | 13.1 | 29.2 | 4,226 | 3,654 | 15.7 |
| British Columbia | 988 | 844 | 952 | 17.1 | 3.8 | 11,769 | 11,894 | -1.1 |
| Bankruptcies | 519 | 454 | 591 | 14.3 | -12.2 | 6,866 | 7,310 | -6.1 |
| Proposals | 469 | 390 | 361 | 20.3 | 29.9 | 4,903 | 4,584 | 7.0 |
| Northwest Territories | 1 | 5 | 3 | -80.0 | -66.7 | 51 | 51 | 0.0 |
| Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 27 | 31 | -12.9 |
| Proposals | 1 | 4 | 2 | -75.0 | -50.0 | 24 | 20 | 20.0 |
| Yukon | 2 | 3 | 0 | -33.3 | -- | 42 | 35 | 20.0 |
| Bankruptcies | 1 | 3 | 0 | -66.7 | -- | 28 | 24 | 16.7 |
| Proposals | 1 | 0 | 0 | -- | -- | 14 | 11 | 27.3 |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 6 | 4 | 50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 3 | 2 | 50.0 |
| Canada | 10,378 | 9,423 | 10,129 | 10.1 | 2.5 | 121,880 | 122,746 | -0.7 |
| Bankruptcies | 5,767 | 5,172 | 5,905 | 11.5 | -2.3 | 68,707 | 72,827 | -5.7 |
| Proposals | 4,611 | 4,251 | 4,224 | 8.5 | 9.2 | 53,173 | 49,919 | 6.5 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Sept. 2014 | August 2014 | Sept. 2013 | August 2014 to Sept. 2014 | Sept. 2013 to Sept. 2014 | 09-30-2014 | 09-30-2013 | % Change | |
| Newfoundland and Labrador | 126 | 126 | 123 | 0.0 | 2.4 | 1,555 | 1,705 | -8.8 |
| Bankruptcies | 110 | 101 | 115 | 8.9 | -4.3 | 1,374 | 1,571 | -12.5 |
| Proposals | 16 | 25 | 8 | -36.0 | 100.0 | 181 | 134 | 35.1 |
| Prince Edward Island | 61 | 82 | 43 | -25.6 | 41.9 | 722 | 623 | 15.9 |
| Bankruptcies | 42 | 61 | 24 | -31.1 | 75.0 | 509 | 466 | 9.2 |
| Proposals | 19 | 21 | 19 | -9.5 | 0.0 | 213 | 157 | 35.7 |
| Nova Scotia | 497 | 389 | 443 | 27.8 | 12.2 | 5,060 | 4,552 | 11.2 |
| Bankruptcies | 357 | 279 | 300 | 28.0 | 19.0 | 3,603 | 3,200 | 12.6 |
| Proposals | 140 | 110 | 143 | 27.3 | -2.1 | 1,457 | 1,352 | 7.8 |
| New Brunswick | 386 | 397 | 325 | -2.8 | 18.8 | 4,215 | 3,833 | 10.0 |
| Bankruptcies | 268 | 275 | 213 | -2.5 | 25.8 | 2,945 | 2,801 | 5.1 |
| Proposals | 118 | 122 | 112 | -3.3 | 5.4 | 1,270 | 1,032 | 23.1 |
| Quebec | 3,506 | 3,301 | 3,322 | 6.2 | 5.5 | 40,865 | 39,162 | 4.3 |
| Bankruptcies | 2,057 | 1,908 | 2,127 | 7.8 | -3.3 | 24,354 | 25,209 | -3.4 |
| Proposals | 1,449 | 1,393 | 1,195 | 4.0 | 21.3 | 16,511 | 13,953 | 18.3 |
| Ontario | 3,458 | 3,041 | 3,630 | 13.7 | -4.7 | 41,785 | 44,908 | -7.0 |
| Bankruptcies | 1,636 | 1,413 | 1,727 | 15.8 | -5.3 | 19,832 | 22,097 | -10.3 |
| Proposals | 1,822 | 1,628 | 1,903 | 11.9 | -4.3 | 21,953 | 22,811 | -3.8 |
| Manitoba | 184 | 162 | 146 | 13.6 | 26.0 | 1,876 | 1,824 | 2.9 |
| Bankruptcies | 128 | 96 | 95 | 33.3 | 34.7 | 1,202 | 1,199 | 0.3 |
| Proposals | 56 | 66 | 51 | -15.2 | 9.8 | 674 | 625 | 7.8 |
| Saskatchewan | 173 | 155 | 156 | 11.6 | 10.9 | 1,891 | 1,639 | 15.4 |
| Bankruptcies | 100 | 81 | 101 | 23.5 | -1.0 | 1,102 | 997 | 10.5 |
| Proposals | 73 | 74 | 55 | -1.4 | 32.7 | 789 | 642 | 22.9 |
| Alberta | 698 | 629 | 673 | 11.0 | 3.7 | 8,134 | 8,542 | -4.8 |
| Bankruptcies | 313 | 289 | 375 | 8.3 | -16.5 | 3,956 | 4,954 | -20.1 |
| Proposals | 385 | 340 | 298 | 13.2 | 29.2 | 4,178 | 3,588 | 16.4 |
| British Columbia | 971 | 823 | 932 | 18.0 | 4.2 | 11,504 | 11,632 | -1.1 |
| Bankruptcies | 505 | 438 | 573 | 15.3 | -11.9 | 6,663 | 7,122 | -6.4 |
| Proposals | 466 | 385 | 359 | 21.0 | 29.8 | 4,841 | 4,510 | 7.3 |
| Northwest Territories | 1 | 5 | 3 | -80.0 | -66.7 | 51 | 51 | 0.0 |
| Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 27 | 31 | -12.9 |
| Proposals | 1 | 4 | 2 | -75.0 | -50.0 | 24 | 20 | 20.0 |
| Yukon | 2 | 3 | 0 | -33.3 | -- | 42 | 33 | 27.3 |
| Bankruptcies | 1 | 3 | 0 | -66.7 | -- | 28 | 22 | 27.3 |
| Proposals | 1 | 0 | 0 | -- | -- | 14 | 11 | 27.3 |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 6 | 4 | 50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 3 | 2 | 50.0 |
| Canada | 10,063 | 9,114 | 9,796 | 10.4 | 2.7 | 117,706 | 118,508 | -0.7 |
| Bankruptcies | 5,517 | 4,945 | 5,651 | 11.6 | -2.4 | 65,598 | 69,671 | -5.8 |
| Proposals | 4,546 | 4,169 | 4,145 | 9.0 | 9.7 | 52,108 | 48,837 | 6.7 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Sept. 2014 | August 2014 | Sept. 2013 | August 2014 to Sept. 2014 | Sept. 2013 to Sept. 2014 | 09-30-2014 | 09-30-2013 | % Change | |
| Newfoundland and Labrador | 1 | 2 | 0 | -50.0 | -- | 24 | 29 | -17.2 |
| Bankruptcies | 1 | 2 | 0 | -50.0 | -- | 21 | 18 | 16.7 |
| Proposals | 0 | 0 | 0 | -- | -- | 3 | 11 | -72.7 |
| Prince Edward Island | 1 | 0 | 4 | -- | -75.0 | 20 | 18 | 11.1 |
| Bankruptcies | 1 | 0 | 4 | -- | -75.0 | 14 | 14 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 6 | 4 | 50.0 |
| Nova Scotia | 3 | 7 | 7 | -57.1 | -57.1 | 86 | 118 | -27.1 |
| Bankruptcies | 3 | 4 | 6 | -25.0 | -50.0 | 56 | 93 | -39.8 |
| Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 30 | 25 | 20.0 |
| New Brunswick | 7 | 1 | 5 | 600.0 | 40.0 | 88 | 72 | 22.2 |
| Bankruptcies | 7 | 1 | 4 | 600.0 | 75.0 | 71 | 56 | 26.8 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 17 | 16 | 6.3 |
| Quebec | 188 | 160 | 177 | 17.5 | 6.2 | 2,246 | 2,104 | 6.7 |
| Bankruptcies | 143 | 114 | 126 | 25.4 | 13.5 | 1,665 | 1,538 | 8.3 |
| Proposals | 45 | 46 | 51 | -2.2 | -11.8 | 581 | 566 | 2.7 |
| Ontario | 79 | 91 | 92 | -13.2 | -14.1 | 1,099 | 1,241 | -11.4 |
| Bankruptcies | 70 | 74 | 74 | -5.4 | -5.4 | 847 | 976 | -13.2 |
| Proposals | 9 | 17 | 18 | -47.1 | -50.0 | 252 | 265 | -4.9 |
| Manitoba | 2 | 4 | 5 | -50.0 | -60.0 | 62 | 64 | -3.1 |
| Bankruptcies | 2 | 1 | 5 | 100.0 | -60.0 | 50 | 54 | -7.4 |
| Proposals | 0 | 3 | 0 | -100.0 | -- | 12 | 10 | 20.0 |
| Saskatchewan | 8 | 8 | 7 | 0.0 | 14.3 | 127 | 113 | 12.4 |
| Bankruptcies | 4 | 4 | 4 | 0.0 | 0.0 | 73 | 68 | 7.4 |
| Proposals | 4 | 4 | 3 | 0.0 | 33.3 | 54 | 45 | 20.0 |
| Alberta | 9 | 15 | 16 | -40.0 | -43.8 | 157 | 215 | -27.0 |
| Bankruptcies | 5 | 11 | 13 | -54.5 | -61.5 | 109 | 149 | -26.8 |
| Proposals | 4 | 4 | 3 | 0.0 | 33.3 | 48 | 66 | -27.3 |
| British Columbia | 17 | 21 | 20 | -19.0 | -15.0 | 265 | 262 | 1.1 |
| Bankruptcies | 14 | 16 | 18 | -12.5 | -22.2 | 203 | 188 | 8.0 |
| Proposals | 3 | 5 | 2 | -40.0 | 50.0 | 62 | 74 | -16.2 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 315 | 309 | 333 | 1.9 | -5.4 | 4,174 | 4,238 | -1.5 |
| Bankruptcies | 250 | 227 | 254 | 10.1 | -1.6 | 3,109 | 3,156 | -1.5 |
| Proposals | 65 | 82 | 79 | -20.7 | -17.7 | 1,065 | 1,082 | -1.6 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Sept. 2014 | August 2014 | Sept. 2013 | August 2014 to Sept. 2014 | Sept. 2013 to Sept. 2014 | 09-30-2014 | 09-30-2013 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 6 | 8 | 14 | -25.0 | -57.1 | 106 | 120 | -11.7 |
| Bankruptcies | 4 | 2 | 10 | 100.0 | -60.0 | 73 | 84 | -13.1 |
| Proposals | 2 | 6 | 4 | -66.7 | -50.0 | 33 | 36 | -8.3 |
| Mining and Oil and Gas Extraction | 5 | 3 | 1 | 66.7 | 400.0 | 44 | 34 | 29.4 |
| Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 20 | 18 | 11.1 |
| Proposals | 3 | 2 | 0 | 50.0 | -- | 24 | 16 | 50.0 |
| Utilities | 2 | 1 | 1 | 100.0 | 100.0 | 15 | 11 | 36.4 |
| Bankruptcies | 2 | 1 | 0 | 100.0 | -- | 11 | 5 | 120.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 4 | 6 | -33.3 |
| Construction | 49 | 49 | 62 | 0.0 | -21.0 | 724 | 767 | -5.6 |
| Bankruptcies | 37 | 35 | 44 | 5.7 | -15.9 | 543 | 568 | -4.4 |
| Proposals | 12 | 14 | 18 | -14.3 | -33.3 | 181 | 199 | -9.0 |
| Manufacturing | 33 | 21 | 37 | 57.1 | -10.8 | 392 | 425 | -7.8 |
| Bankruptcies | 25 | 18 | 27 | 38.9 | -7.4 | 285 | 298 | -4.4 |
| Proposals | 8 | 3 | 10 | 166.7 | -20.0 | 107 | 127 | -15.7 |
| Wholesale Trade | 13 | 17 | 12 | -23.5 | 8.3 | 237 | 222 | 6.8 |
| Bankruptcies | 8 | 13 | 7 | -38.5 | 14.3 | 158 | 159 | -0.6 |
| Proposals | 5 | 4 | 5 | 25.0 | 0.0 | 79 | 63 | 25.4 |
| Retail Trade | 44 | 38 | 44 | 15.8 | 0.0 | 512 | 514 | -0.4 |
| Bankruptcies | 33 | 29 | 35 | 13.8 | -5.7 | 396 | 404 | -2.0 |
| Proposals | 11 | 9 | 9 | 22.2 | 22.2 | 116 | 110 | 5.5 |
| Transportation and Warehousing | 17 | 23 | 29 | -26.1 | -41.4 | 230 | 268 | -14.2 |
| Bankruptcies | 16 | 18 | 24 | -11.1 | -33.3 | 184 | 214 | -14.0 |
| Proposals | 1 | 5 | 5 | -80.0 | -80.0 | 46 | 54 | -14.8 |
| Information and Cultural Industries | 7 | 5 | 1 | 40.0 | 600.0 | 60 | 57 | 5.3 |
| Bankruptcies | 6 | 4 | 0 | 50.0 | -- | 42 | 50 | -16.0 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 18 | 7 | 157.1 |
| Finance and Insurance | 6 | 9 | 9 | -33.3 | -33.3 | 72 | 79 | -8.9 |
| Bankruptcies | 5 | 7 | 8 | -28.6 | -37.5 | 52 | 69 | -24.6 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 20 | 10 | 100.0 |
| Real Estate and Rental and Leasing | 6 | 6 | 4 | 0.0 | 50.0 | 150 | 123 | 22.0 |
| Bankruptcies | 5 | 4 | 1 | 25.0 | 400.0 | 110 | 95 | 15.8 |
| Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 40 | 28 | 42.9 |
| Professional, Scientific and Technical Services | 23 | 18 | 27 | 27.8 | -14.8 | 290 | 298 | -2.7 |
| Bankruptcies | 19 | 17 | 20 | 11.8 | -5.0 | 222 | 217 | 2.3 |
| Proposals | 4 | 1 | 7 | 300.0 | -42.9 | 68 | 81 | -16.0 |
| Management of Companies and Enterprises | 4 | 5 | 7 | -20.0 | -42.9 | 56 | 73 | -23.3 |
| Bankruptcies | 3 | 4 | 4 | -25.0 | -25.0 | 42 | 50 | -16.0 |
| Proposals | 1 | 1 | 3 | 0.0 | -66.7 | 14 | 23 | -39.1 |
| Administrative and Support, Waste Management and Remediation Services | 17 | 17 | 13 | 0.0 | 30.8 | 203 | 200 | 1.5 |
| Bankruptcies | 15 | 15 | 9 | 0.0 | 66.7 | 148 | 150 | -1.3 |
| Proposals | 2 | 2 | 4 | 0.0 | -50.0 | 55 | 50 | 10.0 |
| Educational Services | 3 | 5 | 2 | -40.0 | 50.0 | 49 | 35 | 40.0 |
| Bankruptcies | 1 | 3 | 2 | -66.7 | -50.0 | 41 | 26 | 57.7 |
| Proposals | 2 | 2 | 0 | 0.0 | -- | 8 | 9 | -11.1 |
| Health Care and Social Assistance | 6 | 4 | 8 | 50.0 | -25.0 | 81 | 52 | 55.8 |
| Bankruptcies | 5 | 2 | 6 | 150.0 | -16.7 | 60 | 42 | 42.9 |
| Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 21 | 10 | 110.0 |
| Arts, Entertainment and Recreation | 8 | 6 | 8 | 33.3 | 0.0 | 78 | 91 | -14.3 |
| Bankruptcies | 7 | 5 | 6 | 40.0 | 16.7 | 67 | 75 | -10.7 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 11 | 16 | -31.3 |
| Accommodation and Food Services | 47 | 61 | 40 | -23.0 | 17.5 | 642 | 618 | 3.9 |
| Bankruptcies | 39 | 38 | 37 | 2.6 | 5.4 | 465 | 445 | 4.5 |
| Proposals | 8 | 23 | 3 | -65.2 | 166.7 | 177 | 173 | 2.3 |
| Other Services (except Public Administration) | 19 | 13 | 14 | 46.2 | 35.7 | 232 | 251 | -7.6 |
| Bankruptcies | 18 | 11 | 13 | 63.6 | 38.5 | 189 | 187 | 1.1 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 43 | 64 | -32.8 |
| Public Administration | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 315 | 309 | 333 | 1.9 | -5.4 | 4,174 | 4,238 | -1.5 |
| Bankruptcies | 250 | 227 | 254 | 10.1 | -1.6 | 3,109 | 3,156 | -1.5 |
| Proposals | 65 | 82 | 79 | -20.7 | -17.7 | 1,065 | 1,082 | -1.6 |