CCAA Statistics—Fourth Quarter of 2016

Sections

• Highlights
• Table 1: Total CCAA Proceedings—Domestic
• Table 2: Total CCAA Proceedings—Cross-Border
• Table 3: Total CCAA Proceedings Filed by Province
• Table 4: CCAA Proceedings Filed by NAICS Economic Sector, Canada

Definitions

CCAA: The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.

Cross-Border Proceedings: When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.

North American Industry Classification System (NAICS): The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.

Highlights

Ten Companies' Creditors Arrangement Act (CCAA) proceedings were filed with the OSB in the fourth quarter of 2016. Please refer to the CCAA Records List for additional details regarding each filing.

Figure 1: Filings by region*

* East Region includes Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador
Ontario Region includes Ontario
West Region includes British Columbia, Yukon, Alberta, Northwest Territories, Saskatchewan, Manitoba and Nunavut

For more information, see Table 3: Total CCAA Proceedings Filed by Province

Figure 2: Filings by NAICS Economic Sector

For more information, see Table 4: CCAA Proceedings Filed by NAICS Economic Sector, Canada