Insolvency Statistics in Canada—September 2017

Tables

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

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.
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.
Consumer:
An individual with more than 50 percent of total liabilities related to consumer goods and services.
NAICS:
North American Industry Classification System.
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.
Table 1: Total Insolvencies
ProvinceVolume% Change12-Month Period Ending
September 2017August 2017September 2016Aug. 2017
to
Sept. 2017
Sept. 2016
to
Sept. 2017
09-30-201709-30-2016% Change
Newfoundland and Labrador22819720815.79.62,4342,3224.8
Bankruptcies11810412213.5-3.31,3961,568-11.0
Proposals110938618.327.91,03875437.7
Prince Edward Island566177-8.2-27.3712838-15.0
Bankruptcies353649-2.8-28.6432527-18.0
Proposals212528-16.0-25.0280311-10.0
Nova Scotia4944945530.0-10.75,9065,922-0.3
Bankruptcies3383123608.3-6.14,0324,172-3.4
Proposals156182193-14.3-19.21,8741,7507.1
New Brunswick349440384-20.7-9.14,4794,3702.5
Bankruptcies191244244-21.7-21.72,6592,880-7.7
Proposals158196140-19.412.91,8201,49022.1
Quebec3,6283,4783,9154.3-7.343,68145,586-4.2
Bankruptcies2,0501,9642,2504.4-8.924,60726,060-5.6
Proposals1,5781,5141,6654.2-5.219,07419,526-2.3
Ontario3,1833,2403,326-1.8-4.339,22541,071-4.5
Bankruptcies1,3331,2671,4935.2-10.716,27318,082-10.0
Proposals1,8501,9731,833-6.20.922,95222,989-0.2
Manitoba22419224216.7-7.42,6042,5462.3
Bankruptcies12010312416.5-3.21,3761,423-3.3
Proposals1048911816.9-11.91,2281,1239.3
Saskatchewan2962822675.010.93,2202,91210.6
Bankruptcies108127114-15.0-5.31,4651,489-1.6
Proposals18815515321.322.91,7551,42323.3
Alberta1,1191,2011,142-6.8-2.013,41412,7435.3
Bankruptcies409468468-12.6-12.65,2515,338-1.6
Proposals710733674-3.15.38,1637,40510.2
British Columbia773840896-8.0-13.710,13411,405-11.1
Bankruptcies3293143594.8-8.44,3615,152-15.4
Proposals444526537-15.6-17.35,7736,253-7.7
Northwest Territories1658220.0100.068663.0
Bankruptcies1145175.0120.0433619.4
Proposals513400.066.72530-16.7
Yukon2240.0-50.03351-35.3
Bankruptcies023-100.0-100.01626-38.5
Proposals201n/a100.01725-32.0
Nunavut001n/a-100.0211-81.8
Bankruptcies001n/a-100.005-100.0
Proposals000n/an/a26-66.7
Canada10,36810,43211,023-0.6-5.9125,912129,843-3.0
Bankruptcies5,0424,9455,5922.0-9.861,91166,758-7.3
Proposals5,3265,4875,431-2.9-1.964,00163,0851.5
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
September 2017August 2017September 2016Aug. 2017
to
Sept. 2017
Sept. 2016
to
Sept. 2017
09-30-201709-30-2016% Change
Newfoundland and Labrador22619720514.710.22,3982,2974.4
Bankruptcies11610412011.5-3.31,3691,550-11.7
Proposals110938518.329.41,02974737.8
Prince Edward Island556075-8.3-26.7699823-15.1
Bankruptcies343547-2.9-27.7422517-18.4
Proposals212528-16.0-25.0277306-9.5
Nova Scotia4914875500.8-10.75,8495,8480.0
Bankruptcies3353073579.1-6.23,9844,106-3.0
Proposals156180193-13.3-19.21,8651,7427.1
New Brunswick349438380-20.3-8.24,4294,3032.9
Bankruptcies191242240-21.1-20.42,6162,826-7.4
Proposals158196140-19.412.91,8131,47722.7
Quebec3,4693,3283,7484.2-7.441,62543,334-3.9
Bankruptcies1,9331,8522,1344.4-9.423,04524,353-5.4
Proposals1,5361,4761,6144.1-4.818,58018,981-2.1
Ontario3,1253,1643,244-1.2-3.738,35140,101-4.4
Bankruptcies1,2941,2121,4246.8-9.115,63817,352-9.9
Proposals1,8311,9521,820-6.20.622,71322,749-0.2
Manitoba22318623819.9-6.32,5612,4972.6
Bankruptcies1209912121.2-0.81,3441,387-3.1
Proposals1038711718.4-12.01,2171,1109.6
Saskatchewan2922702618.111.93,0992,79211.0
Bankruptcies104118109-11.9-4.61,3751,397-1.6
Proposals18815215223.723.71,7241,39523.6
Alberta1,1111,1681,131-4.9-1.813,20812,6094.8
Bankruptcies404450458-10.2-11.85,1115,238-2.4
Proposals707718673-1.55.18,0977,3719.8
British Columbia763836884-8.7-13.79,97511,176-10.7
Bankruptcies3203123492.6-8.34,2304,990-15.2
Proposals443524535-15.5-17.25,7456,186-7.1
Northwest Territories1658220.0100.067661.5
Bankruptcies1145175.0120.0423616.7
Proposals513400.066.72530-16.7
Yukon2240.0-50.03351-35.3
Bankruptcies023-100.0-100.01626-38.5
Proposals201n/a100.01725-32.0
Nunavut001n/a-100.0210-80.0
Bankruptcies001n/a-100.004-100.0
Proposals000n/an/a26-66.7
Canada10,12210,14110,729-0.2-5.7122,296125,907-2.9
Bankruptcies4,8624,7375,3682.6-9.459,19263,782-7.2
Proposals5,2605,4045,361-2.7-1.963,10462,1251.6
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
September 2017August 2017September 2016Aug. 2017
to
Sept. 2017
Sept. 2016
to
Sept. 2017
09-30-201709-30-2016% Change
Newfoundland and Labrador203n/a-33.3362544.0
Bankruptcies202n/a0.0271850.0
Proposals001n/a-100.09728.6
Prince Edward Island1120.0-50.01315-13.3
Bankruptcies1120.0-50.010100.0
Proposals000n/an/a35-40.0
Nova Scotia373-57.10.05774-23.0
Bankruptcies353-40.00.04866-27.3
Proposals020-100.0n/a9812.5
New Brunswick024-100.0-100.05067-25.4
Bankruptcies024-100.0-100.04354-20.4
Proposals000n/an/a713-46.2
Quebec1591501676.0-4.82,0562,252-8.7
Bankruptcies1171121164.50.91,5621,707-8.5
Proposals42385110.5-17.6494545-9.4
Ontario587682-23.7-29.3874970-9.9
Bankruptcies395569-29.1-43.5635730-13.0
Proposals192113-9.546.2239240-0.4
Manitoba164-83.3-75.04349-12.2
Bankruptcies043-100.0-100.03236-11.1
Proposals121-50.00.01113-15.4
Saskatchewan4126-66.7-33.31211200.8
Bankruptcies495-55.6-20.09092-2.2
Proposals031-100.0-100.0312810.7
Alberta83311-75.8-27.320613453.7
Bankruptcies51810-72.2-50.014010040.0
Proposals3151-80.0200.0663494.1
British Columbia10412150.0-16.7159229-30.6
Bankruptcies9210350.0-10.0131162-19.1
Proposals122-50.0-50.02867-58.2
Northwest Territories000n/an/a10n/a
Bankruptcies000n/an/a10n/a
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a01-100.0
Bankruptcies000n/an/a01-100.0
Proposals000n/an/a00n/a
Canada246291294-15.5-16.33,6163,936-8.1
Bankruptcies180208224-13.5-19.62,7192,976-8.6
Proposals668370-20.5-5.7897960-6.6
Table 4: Insolvencies byNAICSEconomic Sectors, Canada
sectorVolume% Change12-Month Period Ending
September 2017August 2017September 2016Aug. 2017
to
Sept. 2017
Sept. 2016
to
Sept. 2017
09-30-201709-30-2016% Change
Agriculture, Forestry, Fishing and Hunting786-12.516.7866924.6
Bankruptcies373-57.10.0645125.5
Proposals413300.033.3221822.2
Mining and Oil and Gas Extraction153-80.0-66.7635416.7
Bankruptcies132-66.7-50.0463435.3
Proposals021-100.0-100.01720-15.0
Utilities001n/a-100.08714.3
Bankruptcies001n/a-100.062200.0
Proposals000n/an/a25-60.0
Construction486361-23.8-21.3658733-10.2
Bankruptcies364344-16.3-18.2481546-11.9
Proposals122017-40.0-29.4177187-5.3
Manufacturing222419-8.315.8320327-2.1
Bankruptcies121816-33.3-25.0224243-7.8
Proposals106366.7233.3968414.3
Wholesale Trade112014-45.0-21.41781780.0
Bankruptcies101212-16.7-16.7132140-5.7
Proposals182-87.5-50.0463821.1
Retail Trade262829-7.1-10.3392493-20.5
Bankruptcies2222220.00.0295365-19.2
Proposals467-33.3-42.997128-24.2
Transportation and Warehousing16131723.1-5.924021511.6
Bankruptcies1212130.0-7.718616910.1
Proposals414300.00.0544617.4
Information and Cultural Industries74575.040.072694.3
Bankruptcies53566.70.04962-21.0
Proposals210100.0n/a237228.6
Finance and Insurance3360.0-50.06070-14.3
Bankruptcies32650.0-50.05157-10.5
Proposals010-100.0n/a913-30.8
Real Estate and Rental and Leasing13101530.0-13.3141164-14.0
Bankruptcies1049150.011.198112-12.5
Proposals366-50.0-50.04352-17.3
Professional, Scientific and Technical Services22172029.410.0268286-6.3
Bankruptcies17121641.76.3212221-4.1
Proposals5540.025.05665-13.8
Management of Companies and Enterprises719600.0-22.2766910.1
Bankruptcies714600.075.0604922.4
Proposals005n/a-100.01620-20.0
Administrative and Support, Waste Management and Remediation Services81214-33.3-42.9171189-9.5
Bankruptcies5611-16.7-54.5130134-3.0
Proposals363-50.00.04155-25.5
Educational Services042-100.0-100.0383411.8
Bankruptcies031-100.0-100.0322152.4
Proposals011-100.0-100.0613-53.8
Health Care and Social Assistance356-40.0-50.0766713.4
Bankruptcies234-33.3-50.0585016.0
Proposals122-50.0-50.018175.9
Arts, Entertainment and Recreation574-28.625.07379-7.6
Bankruptcies173-85.7-66.75164-20.3
Proposals401n/a300.0221546.7
Accommodation and Food Services344851-29.2-33.3521652-20.1
Bankruptcies223641-38.9-46.3401505-20.6
Proposals1212100.020.0120147-18.4
Other Services (except Public Administration)121812-33.30.0169177-4.5
Bankruptcies111411-21.40.0139147-5.4
Proposals141-75.00.030300.0
Public Administration1100.0n/a6450.0
Bankruptcies100n/an/a440.0
Proposals010-100.0n/a20n/a
Total246291294-15.5-16.33,6163,936-8.1
Bankruptcies180208224-13.5-19.62,7192,976-8.6
Proposals668370-20.5-5.7897960-6.6