Detailed report
PDF Version
Insolvency Statistics in Canada
December 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 | |||||
---|---|---|---|---|---|---|---|---|
Dec. 2014 | Nov. 2014 | Dec. 2013 | Nov. 2014 to Dec. 2014 | Dec. 2013 to Dec. 2014 | 12-31-2014 | 12-31-2013 | % change | |
Newfoundland and Labrador | 92 | 131 | 88 | -29.8 | 4.5 | 1,575 | 1,710 | -7.9 |
Bankruptcies | 74 | 110 | 78 | -32.7 | -5.1 | 1,375 | 1,545 | -11.0 |
Proposals | 18 | 21 | 10 | -14.3 | 80.0 | 200 | 165 | 21.2 |
Prince Edward Island | 55 | 55 | 56 | 0.0 | -1.8 | 739 | 640 | 15.5 |
Bankruptcies | 27 | 35 | 34 | -22.9 | -20.6 | 515 | 458 | 12.4 |
Proposals | 28 | 20 | 22 | 40.0 | 27.3 | 224 | 182 | 23.1 |
Nova Scotia | 416 | 375 | 319 | 10.9 | 30.4 | 5,304 | 4,771 | 11.2 |
Bankruptcies | 299 | 285 | 239 | 4.9 | 25.1 | 3,778 | 3,379 | 11.8 |
Proposals | 117 | 90 | 80 | 30.0 | 46.3 | 1,526 | 1,392 | 9.6 |
New Brunswick | 357 | 356 | 265 | 0.3 | 34.7 | 4,395 | 4,037 | 8.9 |
Bankruptcies | 254 | 247 | 190 | 2.8 | 33.7 | 3,089 | 2,910 | 6.2 |
Proposals | 103 | 109 | 75 | -5.5 | 37.3 | 1,306 | 1,127 | 15.9 |
Quebec | 3,276 | 3,724 | 2,888 | -12.0 | 13.4 | 43,891 | 42,127 | 4.2 |
Bankruptcies | 1,871 | 2,185 | 1,760 | -14.4 | 6.3 | 26,137 | 26,812 | -2.5 |
Proposals | 1,405 | 1,539 | 1,128 | -8.7 | 24.6 | 17,754 | 15,315 | 15.9 |
Ontario | 3,250 | 3,248 | 3,160 | 0.1 | 2.8 | 42,198 | 45,354 | -7.0 |
Bankruptcies | 1,703 | 1,531 | 1,651 | 11.2 | 3.1 | 20,069 | 22,731 | -11.7 |
Proposals | 1,547 | 1,717 | 1,509 | -9.9 | 2.5 | 22,129 | 22,623 | -2.2 |
Manitoba | 179 | 166 | 177 | 7.8 | 1.1 | 1,948 | 1,919 | 1.5 |
Bankruptcies | 128 | 117 | 124 | 9.4 | 3.2 | 1,248 | 1,269 | -1.7 |
Proposals | 51 | 49 | 53 | 4.1 | -3.8 | 700 | 650 | 7.7 |
Saskatchewan | 169 | 130 | 125 | 30.0 | 35.2 | 2,062 | 1,805 | 14.2 |
Bankruptcies | 99 | 63 | 77 | 57.1 | 28.6 | 1,182 | 1,106 | 6.9 |
Proposals | 70 | 67 | 48 | 4.5 | 45.8 | 880 | 699 | 25.9 |
Alberta | 666 | 654 | 556 | 1.8 | 19.8 | 8,422 | 8,452 | -0.4 |
Bankruptcies | 271 | 302 | 298 | -10.3 | -9.1 | 3,964 | 4,826 | -17.9 |
Proposals | 395 | 352 | 258 | 12.2 | 53.1 | 4,458 | 3,626 | 22.9 |
British Columbia | 891 | 892 | 816 | -0.1 | 9.2 | 11,639 | 12,057 | -3.5 |
Bankruptcies | 488 | 478 | 525 | 2.1 | -7.0 | 6,545 | 7,319 | -10.6 |
Proposals | 403 | 414 | 291 | -2.7 | 38.5 | 5,094 | 4,738 | 7.5 |
Northwest Territories | 7 | 5 | 5 | 40.0 | 40.0 | 49 | 51 | -3.9 |
Bankruptcies | 5 | 1 | 4 | 400.0 | 25.0 | 26 | 31 | -16.1 |
Proposals | 2 | 4 | 1 | -50.0 | 100.0 | 23 | 20 | 15.0 |
Yukon | 4 | 2 | 3 | 100.0 | 33.3 | 40 | 31 | 29.0 |
Bankruptcies | 1 | 0 | 2 | -- | -50.0 | 22 | 22 | 0.0 |
Proposals | 3 | 2 | 1 | 50.0 | 200.0 | 18 | 9 | 100.0 |
Nunavut | 1 | 0 | 0 | -- | -- | 7 | 5 | 40.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 5 | 3 | 66.7 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Canada | 9,363 | 9,738 | 8,458 | -3.9 | 10.7 | 122,269 | 122,959 | -0.6 |
Bankruptcies | 5,221 | 5,354 | 4,982 | -2.5 | 4.8 | 67,955 | 72,411 | -6.2 |
Proposals | 4,142 | 4,384 | 3,476 | -5.5 | 19.2 | 54,314 | 50,548 | 7.5 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Dec. 2014 | Nov. 2014 | Dec. 2013 | Nov. 2014 to Dec. 2014 | Dec. 2013 to Dec. 2014 | 12-31-2014 | 12-31-2013 | % change | |
Newfoundland and Labrador | 90 | 129 | 85 | -30.2 | 5.9 | 1,545 | 1,678 | -7.9 |
Bankruptcies | 72 | 108 | 75 | -33.3 | -4.0 | 1,348 | 1,524 | -11.5 |
Proposals | 18 | 21 | 10 | -14.3 | 80.0 | 197 | 154 | 27.9 |
Prince Edward Island | 53 | 53 | 53 | 0.0 | 0.0 | 721 | 617 | 16.9 |
Bankruptcies | 25 | 33 | 32 | -24.2 | -21.9 | 502 | 440 | 14.1 |
Proposals | 28 | 20 | 21 | 40.0 | 33.3 | 219 | 177 | 23.7 |
Nova Scotia | 409 | 368 | 314 | 11.1 | 30.3 | 5,227 | 4,660 | 12.2 |
Bankruptcies | 294 | 280 | 234 | 5.0 | 25.6 | 3,726 | 3,295 | 13.1 |
Proposals | 115 | 88 | 80 | 30.7 | 43.8 | 1,501 | 1,365 | 10.0 |
New Brunswick | 349 | 348 | 257 | 0.3 | 35.8 | 4,308 | 3,955 | 8.9 |
Bankruptcies | 247 | 243 | 182 | 1.6 | 35.7 | 3,021 | 2,846 | 6.1 |
Proposals | 102 | 105 | 75 | -2.9 | 36.0 | 1,287 | 1,109 | 16.1 |
Quebec | 3,055 | 3,516 | 2,695 | -13.1 | 13.4 | 41,554 | 39,947 | 4.0 |
Bankruptcies | 1,742 | 2,039 | 1,617 | -14.6 | 7.7 | 24,447 | 25,221 | -3.1 |
Proposals | 1,313 | 1,477 | 1,078 | -11.1 | 21.8 | 17,107 | 14,726 | 16.2 |
Ontario | 3,169 | 3,156 | 3,050 | 0.4 | 3.9 | 41,108 | 44,134 | -6.9 |
Bankruptcies | 1,645 | 1,458 | 1,565 | 12.8 | 5.1 | 19,234 | 21,773 | -11.7 |
Proposals | 1,524 | 1,698 | 1,485 | -10.2 | 2.6 | 21,874 | 22,361 | -2.2 |
Manitoba | 175 | 160 | 171 | 9.4 | 2.3 | 1,891 | 1,852 | 2.1 |
Bankruptcies | 125 | 111 | 118 | 12.6 | 5.9 | 1,200 | 1,214 | -1.2 |
Proposals | 50 | 49 | 53 | 2.0 | -5.7 | 691 | 638 | 8.3 |
Saskatchewan | 159 | 126 | 125 | 26.2 | 27.2 | 1,938 | 1,690 | 14.7 |
Bankruptcies | 91 | 60 | 77 | 51.7 | 18.2 | 1,105 | 1,038 | 6.5 |
Proposals | 68 | 66 | 48 | 3.0 | 41.7 | 833 | 652 | 27.8 |
Alberta | 654 | 643 | 531 | 1.7 | 23.2 | 8,281 | 8,258 | 0.3 |
Bankruptcies | 262 | 292 | 284 | -10.3 | -7.7 | 3,859 | 4,689 | -17.7 |
Proposals | 392 | 351 | 247 | 11.7 | 58.7 | 4,422 | 3,569 | 23.9 |
British Columbia | 866 | 877 | 801 | -1.3 | 8.1 | 11,383 | 11,802 | -3.6 |
Bankruptcies | 470 | 466 | 512 | 0.9 | -8.2 | 6,345 | 7,130 | -11.0 |
Proposals | 396 | 411 | 289 | -3.6 | 37.0 | 5,038 | 4,672 | 7.8 |
Northwest Territories | 7 | 5 | 5 | 40.0 | 40.0 | 49 | 51 | -3.9 |
Bankruptcies | 5 | 1 | 4 | 400.0 | 25.0 | 26 | 31 | -16.1 |
Proposals | 2 | 4 | 1 | -50.0 | 100.0 | 23 | 20 | 15.0 |
Yukon | 3 | 2 | 3 | 50.0 | 0.0 | 39 | 29 | 34.5 |
Bankruptcies | 1 | 0 | 2 | -- | -50.0 | 22 | 20 | 10.0 |
Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 17 | 9 | 88.9 |
Nunavut | 1 | 0 | 0 | -- | -- | 6 | 5 | 20.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Canada | 8,990 | 9,383 | 8,090 | -4.2 | 11.1 | 118,050 | 118,678 | -0.5 |
Bankruptcies | 4,980 | 5,091 | 4,702 | -2.2 | 5.9 | 64,839 | 69,224 | -6.3 |
Proposals | 4,010 | 4,292 | 3,388 | -6.6 | 18.4 | 53,211 | 49,454 | 7.6 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Dec. 2014 | Nov. 2014 | Dec. 2013 | Nov. 2014 to Dec. 2014 | Dec. 2013 to Dec. 2014 | 12-31-2014 | 12-31-2013 | % change | |
Newfoundland and Labrador | 2 | 2 | 3 | 0.0 | -33.3 | 30 | 32 | -6.3 |
Bankruptcies | 2 | 2 | 3 | 0.0 | -33.3 | 27 | 21 | 28.6 |
Proposals | 0 | 0 | 0 | -- | -- | 3 | 11 | -72.7 |
Prince Edward Island | 2 | 2 | 3 | 0.0 | -33.3 | 18 | 23 | -21.7 |
Bankruptcies | 2 | 2 | 2 | 0.0 | 0.0 | 13 | 18 | -27.8 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 5 | 5 | 0.0 |
Nova Scotia | 7 | 7 | 5 | 0.0 | 40.0 | 77 | 111 | -30.6 |
Bankruptcies | 5 | 5 | 5 | 0.0 | 0.0 | 52 | 84 | -38.1 |
Proposals | 2 | 2 | 0 | 0.0 | -- | 25 | 27 | -7.4 |
New Brunswick | 8 | 8 | 8 | 0.0 | 0.0 | 87 | 82 | 6.1 |
Bankruptcies | 7 | 4 | 8 | 75.0 | -12.5 | 68 | 64 | 6.3 |
Proposals | 1 | 4 | 0 | -75.0 | -- | 19 | 18 | 5.6 |
Quebec | 221 | 208 | 193 | 6.3 | 14.5 | 2,337 | 2,180 | 7.2 |
Bankruptcies | 129 | 146 | 143 | -11.6 | -9.8 | 1,690 | 1,591 | 6.2 |
Proposals | 92 | 62 | 50 | 48.4 | 84.0 | 647 | 589 | 9.8 |
Ontario | 81 | 92 | 110 | -12.0 | -26.4 | 1,090 | 1,220 | -10.7 |
Bankruptcies | 58 | 73 | 86 | -20.5 | -32.6 | 835 | 958 | -12.8 |
Proposals | 23 | 19 | 24 | 21.1 | -4.2 | 255 | 262 | -2.7 |
Manitoba | 4 | 6 | 6 | -33.3 | -33.3 | 57 | 67 | -14.9 |
Bankruptcies | 3 | 6 | 6 | -50.0 | -50.0 | 48 | 55 | -12.7 |
Proposals | 1 | 0 | 0 | -- | -- | 9 | 12 | -25.0 |
Saskatchewan | 10 | 4 | 0 | 150.0 | -- | 124 | 115 | 7.8 |
Bankruptcies | 8 | 3 | 0 | 166.7 | -- | 77 | 68 | 13.2 |
Proposals | 2 | 1 | 0 | 100.0 | -- | 47 | 47 | 0.0 |
Alberta | 12 | 11 | 25 | 9.1 | -52.0 | 141 | 194 | -27.3 |
Bankruptcies | 9 | 10 | 14 | -10.0 | -35.7 | 105 | 137 | -23.4 |
Proposals | 3 | 1 | 11 | 200.0 | -72.7 | 36 | 57 | -36.8 |
British Columbia | 25 | 15 | 15 | 66.7 | 66.7 | 256 | 255 | 0.4 |
Bankruptcies | 18 | 12 | 13 | 50.0 | 38.5 | 200 | 189 | 5.8 |
Proposals | 7 | 3 | 2 | 133.3 | 250.0 | 56 | 66 | -15.2 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Yukon | 1 | 0 | 0 | -- | -- | 1 | 2 | -50.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
Proposals | 1 | 0 | 0 | -- | -- | 1 | 0 | -- |
Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 373 | 355 | 368 | 5.1 | 1.4 | 4,219 | 4,281 | -1.4 |
Bankruptcies | 241 | 263 | 280 | -8.4 | -13.9 | 3,116 | 3,187 | -2.2 |
Proposals | 132 | 92 | 88 | 43.5 | 50.0 | 1,103 | 1,094 | 0.8 |
Sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Dec. 2014 | Nov. 2014 | Dec. 2013 | Nov. 2014 to Dec. 2014 | Dec. 2013 to Dec. 2014 | 12-31-2014 | 12-31-2013 | % change | |
Agriculture, Forestry, Fishing and Hunting | 6 | 5 | 13 | 20.0 | -53.8 | 88 | 133 | -33.8 |
Bankruptcies | 2 | 5 | 11 | -60.0 | -81.8 | 60 | 93 | -35.5 |
Proposals | 4 | 0 | 2 | -- | 100.0 | 28 | 40 | -30.0 |
Mining and Oil and Gas Extraction | 3 | 1 | 2 | 200.0 | 50.0 | 40 | 33 | 21.2 |
Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 20 | 15 | 33.3 |
Proposals | 2 | 0 | 0 | -- | -- | 20 | 18 | 11.1 |
Utilities | 2 | 0 | 3 | -- | -33.3 | 13 | 10 | 30.0 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 9 | 5 | 80.0 |
Proposals | 2 | 0 | 1 | -- | 100.0 | 4 | 5 | -20.0 |
Construction | 55 | 57 | 62 | -3.5 | -11.3 | 719 | 748 | -3.9 |
Bankruptcies | 42 | 37 | 51 | 13.5 | -17.6 | 530 | 564 | -6.0 |
Proposals | 13 | 20 | 11 | -35.0 | 18.2 | 189 | 184 | 2.7 |
Manufacturing | 34 | 28 | 39 | 21.4 | -12.8 | 386 | 423 | -8.7 |
Bankruptcies | 28 | 18 | 25 | 55.6 | 12.0 | 276 | 295 | -6.4 |
Proposals | 6 | 10 | 14 | -40.0 | -57.1 | 110 | 128 | -14.1 |
Wholesale Trade | 27 | 14 | 23 | 92.9 | 17.4 | 226 | 231 | -2.2 |
Bankruptcies | 20 | 9 | 12 | 122.2 | 66.7 | 155 | 161 | -3.7 |
Proposals | 7 | 5 | 11 | 40.0 | -36.4 | 71 | 70 | 1.4 |
Retail Trade | 33 | 42 | 46 | -21.4 | -28.3 | 498 | 528 | -5.7 |
Bankruptcies | 24 | 32 | 41 | -25.0 | -41.5 | 376 | 421 | -10.7 |
Proposals | 9 | 10 | 5 | -10.0 | 80.0 | 122 | 107 | 14.0 |
Transportation and Warehousing | 46 | 19 | 16 | 142.1 | 187.5 | 273 | 237 | 15.2 |
Bankruptcies | 9 | 13 | 15 | -30.8 | -40.0 | 185 | 187 | -1.1 |
Proposals | 37 | 6 | 1 | 516.7 | 3,600.0 | 88 | 50 | 76.0 |
Information and Cultural Industries | 5 | 10 | 9 | -50.0 | -44.4 | 71 | 52 | 36.5 |
Bankruptcies | 4 | 7 | 6 | -42.9 | -33.3 | 50 | 42 | 19.0 |
Proposals | 1 | 3 | 3 | -66.7 | -66.7 | 21 | 10 | 110.0 |
Finance and Insurance | 8 | 7 | 5 | 14.3 | 60.0 | 80 | 78 | 2.6 |
Bankruptcies | 8 | 7 | 2 | 14.3 | 300.0 | 64 | 63 | 1.6 |
Proposals | 0 | 0 | 3 | -- | -100.0 | 16 | 15 | 6.7 |
Real Estate and Rental and Leasing | 7 | 15 | 12 | -53.3 | -41.7 | 134 | 144 | -6.9 |
Bankruptcies | 6 | 10 | 9 | -40.0 | -33.3 | 101 | 109 | -7.3 |
Proposals | 1 | 5 | 3 | -80.0 | -66.7 | 33 | 35 | -5.7 |
Professional, Scientific and Technical Services | 31 | 31 | 22 | 0.0 | 40.9 | 308 | 304 | 1.3 |
Bankruptcies | 25 | 24 | 17 | 4.2 | 47.1 | 242 | 219 | 10.5 |
Proposals | 6 | 7 | 5 | -14.3 | 20.0 | 66 | 85 | -22.4 |
Management of Companies and Enterprises | 7 | 6 | 6 | 16.7 | 16.7 | 59 | 69 | -14.5 |
Bankruptcies | 5 | 5 | 2 | 0.0 | 150.0 | 47 | 46 | 2.2 |
Proposals | 2 | 1 | 4 | 100.0 | -50.0 | 12 | 23 | -47.8 |
Administrative and Support, Waste Management and Remediation Services | 26 | 17 | 20 | 52.9 | 30.0 | 223 | 199 | 12.1 |
Bankruptcies | 12 | 11 | 15 | 9.1 | -20.0 | 157 | 148 | 6.1 |
Proposals | 14 | 6 | 5 | 133.3 | 180.0 | 66 | 51 | 29.4 |
Educational Services | 3 | 3 | 1 | 0.0 | 200.0 | 52 | 35 | 48.6 |
Bankruptcies | 2 | 3 | 1 | -33.3 | 100.0 | 44 | 26 | 69.2 |
Proposals | 1 | 0 | 0 | -- | -- | 8 | 9 | -11.1 |
Health Care and Social Assistance | 10 | 10 | 7 | 0.0 | 42.9 | 99 | 67 | 47.8 |
Bankruptcies | 5 | 7 | 4 | -28.6 | 25.0 | 73 | 51 | 43.1 |
Proposals | 5 | 3 | 3 | 66.7 | 66.7 | 26 | 16 | 62.5 |
Arts, Entertainment and Recreation | 5 | 10 | 7 | -50.0 | -28.6 | 84 | 81 | 3.7 |
Bankruptcies | 4 | 3 | 5 | 33.3 | -20.0 | 68 | 68 | 0.0 |
Proposals | 1 | 7 | 2 | -85.7 | -50.0 | 16 | 13 | 23.1 |
Accommodation and Food Services | 49 | 70 | 57 | -30.0 | -14.0 | 660 | 660 | 0.0 |
Bankruptcies | 34 | 63 | 46 | -46.0 | -26.1 | 493 | 480 | 2.7 |
Proposals | 15 | 7 | 11 | 114.3 | 36.4 | 167 | 180 | -7.2 |
Other Services (except Public Administration) | 16 | 10 | 18 | 60.0 | -11.1 | 205 | 249 | -17.7 |
Bankruptcies | 10 | 8 | 14 | 25.0 | -28.6 | 165 | 194 | -14.9 |
Proposals | 6 | 2 | 4 | 200.0 | 50.0 | 40 | 55 | -27.3 |
Public Administration | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Total | 373 | 355 | 368 | 5.1 | 1.4 | 4,219 | 4,281 | -1.4 |
Bankruptcies | 241 | 263 | 280 | -8.4 | -13.9 | 3,116 | 3,187 | -2.2 |
Proposals | 132 | 92 | 88 | 43.5 | 50.0 | 1,103 | 1,094 | 0.8 |