Insolvency Statistics in Canada—April 2019

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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% or more of total liabilities as a result of operating a business.

Consumer: An individual with more than 50% of total liabilities related to consumer goods and services.

Corporation: A commercial entity or organization.

Individual Business: An individual who has incurred 50% or more of total liabilities as a result of operating a business.

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

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
April
2019
March
2019
April
2018
Mar. 2019
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-201904-30-2018% Change
Newfoundland and Labrador34328922618.751.83,0202,61115.7
Bankruptcies16711811441.546.51,4601,3468.5
Proposals1761711122.957.11,5601,26523.3
Prince Edward Island69606315.09.57207032.4
Bankruptcies40304233.3-4.8406420-3.3
Proposals293021-3.338.131428311.0
Nova Scotia510533494-4.33.25,7385,6721.2
Bankruptcies299302298-1.00.33,5053,661-4.3
Proposals211231196-8.77.72,2332,01111.0
New Brunswick4294143883.610.64,7104,3757.7
Bankruptcies216221219-2.3-1.42,3622,365-0.1
Proposals21319316910.426.02,3482,01016.8
Quebec3,9514,0943,712-3.56.443,94044,025-0.2
Bankruptcies1,9421,8701,9713.9-1.522,35323,760-5.9
Proposals2,0092,2241,741-9.715.421,58720,2656.5
Ontario3,8843,9273,483-1.111.541,09738,8525.8
Bankruptcies1,3581,3071,3993.9-2.915,10915,667-3.6
Proposals2,5262,6202,084-3.621.225,98823,18512.1
Manitoba2892772614.310.73,0162,64813.9
Bankruptcies14712213520.58.91,4351,3942.9
Proposals142155126-8.412.71,5811,25426.1
Saskatchewan268317307-15.5-12.73,5203,3186.1
Bankruptcies102112114-8.9-10.51,3581,420-4.4
Proposals166205193-19.0-14.02,1621,89813.9
Alberta1,4521,4551,238-0.217.315,50813,74912.8
Bankruptcies5244914246.723.65,3895,0217.3
Proposals928964814-3.714.010,1198,72815.9
British Columbia946950895-0.45.710,42610,1123.1
Bankruptcies346351368-1.4-6.04,0674,175-2.6
Proposals6005995270.213.96,3595,9377.1
Northwest Territories761016.7-30.06899-31.3
Bankruptcies026-100.0-100.03060-50.0
Proposals74475.075.03839-2.6
Yukon013-100.0-100.02839-28.2
Bankruptcies002n/a-100.0918-50.0
Proposals011-100.0-100.01921-9.5
Nunavut021-100.0-100.06520.0
Bankruptcies000n/an/a02-100.0
Proposals021-100.0-100.063100.0
Canada12,14812,32511,081-1.49.6131,797126,2084.4
Bankruptcies5,1414,9265,0924.41.057,48359,309-3.1
Proposals7,0077,3995,989-5.317.074,31466,89911.1
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 2019
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-201904-30-2018% Change
Newfoundland and Labrador34028622518.951.12,9882,58415.6
Bankruptcies16411511342.645.11,4321,3268.0
Proposals1761711122.957.11,5561,25823.7
Prince Edward Island66606310.04.87146962.6
Bankruptcies37304223.3-11.9401415-3.4
Proposals293021-3.338.131328111.4
Nova Scotia501530492-5.51.85,6885,6161.3
Bankruptcies290299297-3.0-2.43,4653,616-4.2
Proposals211231195-8.78.22,2232,00011.2
New Brunswick4274083814.712.14,6704,3228.1
Bankruptcies214217212-1.40.92,3312,3250.3
Proposals21319116911.526.02,3391,99717.1
Quebec3,7323,8823,544-3.95.341,77841,954-0.4
Bankruptcies1,7771,7001,8404.5-3.420,69922,174-6.7
Proposals1,9552,1821,704-10.414.721,07919,7806.6
Ontario3,7913,8313,408-1.011.240,13837,9645.7
Bankruptcies1,2871,2341,3384.3-3.814,41515,008-4.0
Proposals2,5042,5972,070-3.621.025,72322,95612.1
Manitoba2822762592.28.92,9842,61314.2
Bankruptcies14212113317.46.81,4071,3653.1
Proposals140155126-9.711.11,5771,24826.4
Saskatchewan264311299-15.1-11.73,4293,1897.5
Bankruptcies100111108-9.9-7.41,3061,323-1.3
Proposals164200191-18.0-14.12,1231,86613.8
Alberta1,4421,4301,2150.818.715,30013,53813.0
Bankruptcies5174734059.327.75,2264,8817.1
Proposals925957810-3.314.210,0748,65716.4
British Columbia933940882-0.75.810,3209,9863.3
Bankruptcies335343357-2.3-6.23,9934,079-2.1
Proposals5985975250.213.96,3275,9077.1
Northwest Territories761016.7-30.06898-30.6
Bankruptcies026-100.0-100.03059-49.2
Proposals74475.075.03839-2.6
Yukon013-100.0-100.02839-28.2
Bankruptcies002n/a-100.0918-50.0
Proposals011-100.0-100.01921-9.5
Nunavut021-100.0-100.06520.0
Bankruptcies000n/an/a02-100.0
Proposals021-100.0-100.063100.0
Canada11,78511,96310,782-1.59.3128,111122,6044.5
Bankruptcies4,8634,6454,8534.70.254,71456,591-3.3
Proposals6,9227,3185,929-5.416.773,39766,01311.2
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 20119
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-201904-30-2018% Change
Newfoundland and Labrador3310.0200.0322718.5
Bankruptcies3310.0200.0282040.0
Proposals000n/an/a47-42.9
Prince Edward Island300n/an/a67-14.3
Bankruptcies300n/an/a550.0
Proposals000n/an/a12-50.0
Nova Scotia932200.0350.05056-10.7
Bankruptcies931200.0800.04045-11.1
Proposals001n/a-100.01011-9.1
New Brunswick267-66.7-71.44053-24.5
Bankruptcies247-50.0-71.43140-22.5
Proposals020-100.0n/a913-30.8
Quebec2192121683.330.42,1622,0714.4
Bankruptcies165170131-2.926.01,6541,5864.3
Proposals54423728.645.95084854.7
Ontario939675-3.124.09598888.0
Bankruptcies717361-2.716.46946595.3
Proposals222314-4.357.126522915.7
Manitoba712600.0250.03235-8.6
Bankruptcies512400.0150.02829-3.4
Proposals200n/an/a46-33.3
Saskatchewan468-33.3-50.091129-29.5
Bankruptcies216100.0-66.75297-46.4
Proposals252-60.00.0393221.9
Alberta102523-60.0-56.5208211-1.4
Bankruptcies71819-61.1-63.216314016.4
Proposals374-57.1-25.04571-36.6
British Columbia13101330.00.0106126-15.9
Bankruptcies1181137.50.07496-22.9
Proposals2220.00.032306.7
Northwest Territories000n/an/a01-100.0
Bankruptcies000n/an/a01-100.0
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Canada3633622990.321.43,6863,6042.3
Bankruptcies278281239-1.116.32,7692,7181.9
Proposals8581604.941.79178863.5
Table 3a: Insolvencies Filed by Corporations
ProvinceVolume% Change12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 20119
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-201904-30-2018% Change
Newfoundland and Labrador100n/an/a1415-6.7
Bankruptcies100n/an/a10911.1
Proposals000n/an/a46-33.3
Prince Edward Island200n/an/a330.0
Bankruptcies200n/an/a31200.0
Proposals000n/an/a02-100.0
Nova Scotia512400.0150.0252025.0
Bankruptcies511400.0400.0211361.5
Proposals001n/a-100.047-42.9
New Brunswick133-66.7-66.72033-39.4
Bankruptcies133-66.7-66.71823-21.7
Proposals000n/an/a210-80.0
Quebec1951801558.325.81,8741,8541.1
Bankruptcies1541431217.727.31,4611,4351.8
Proposals41373410.820.6413419-1.4
Ontario5555430.027.956946522.4
Bankruptcies4443342.329.442335519.2
Proposals11129-8.322.214611032.7
Manitoba000n/an/a48-50.0
Bankruptcies000n/an/a36-50.0
Proposals000n/an/a12-50.0
Saskatchewan001n/a-100.059-44.4
Bankruptcies001n/a-100.036-50.0
Proposals000n/an/a23-33.3
Alberta41111-63.6-63.692126-27.0
Bankruptcies4710-42.9-60.07176-6.6
Proposals041-100.0-100.02150-58.0
British Columbia365-50.0-40.04360-28.3
Bankruptcies254-60.0-50.02539-35.9
Proposals1110.00.01821-14.3
Northwest Territories000n/an/a01-100.0
Bankruptcies000n/an/a01-100.0
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Canada2662562203.920.92,6492,5942.1
Bankruptcies2132021745.422.42,0381,9643.8
Proposals535446-1.915.2611630-3.0
Table 3b: Insolvencies Filed by Individual Businesses
ProvinceVolume% Change12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 20119
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-201904-30-2018% Change
Newfoundland and Labrador231-33.3100.0181250.0
Bankruptcies231-33.3100.0181163.6
Proposals000n/an/a01-100.0
Prince Edward Island100n/an/a34-25.0
Bankruptcies100n/an/a24-50.0
Proposals000n/an/a10n/a
Nova Scotia420100.0n/a2536-30.6
Bankruptcies420100.0n/a1932-40.6
Proposals000n/an/a6450.0
New Brunswick134-66.7-75.020200.0
Bankruptcies1140.0-75.01317-23.5
Proposals020-100.0n/a73133.3
Quebec243213-25.084.628821732.7
Bankruptcies112710-59.310.019315127.8
Proposals1353160.0333.3956643.9
Ontario384132-7.318.8390423-7.8
Bankruptcies273027-10.00.0271304-10.9
Proposals111150.0120.01191190.0
Manitoba712600.0250.028273.7
Bankruptcies512400.0150.025238.7
Proposals200n/an/a34-25.0
Saskatchewan467-33.3-42.986120-28.3
Bankruptcies215100.0-60.04991-46.2
Proposals252-60.00.0372927.6
Alberta61412-57.1-50.01168536.5
Bankruptcies3119-72.7-66.7926443.8
Proposals3330.00.0242114.3
British Columbia1048150.025.06366-4.5
Bankruptcies937200.028.64957-14.0
Proposals1110.00.014955.6
Northwest Territories000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Canada9710679-8.522.81,0371,0102.7
Bankruptcies657965-17.70.0731754-3.1
Proposals32271418.5128.630625619.5
Table 4: Insolvencies by NAICS Economic Sectors, Canada
sectorVolume% Change12-Month Period Ending
April
2019
March
2019
April
2018
Mar. 20119
to
Apr. 2019
Apr. 2018
to
Apr. 2019
04-30-201904-30-2018% Change
Agriculture, Forestry, Fishing and Hunting676-14.30.071659.2
Bankruptcies454-20.00.0524613.0
Proposals2220.00.019190.0
Mining and Oil and Gas Extraction173-85.7-66.73241-22.0
Bankruptcies073-100.0-100.02026-23.1
Proposals100n/an/a1215-20.0
Utilities001n/a-100.038-62.5
Bankruptcies001n/a-100.017-85.7
Proposals000n/an/a21100.0
Construction647364-12.30.0705713-1.1
Bankruptcies506148-18.04.25335163.3
Proposals14121616.7-12.5172197-12.7
Manufacturing3231263.223.13153121.0
Bankruptcies25212119.019.02272146.1
Proposals7105-30.040.08898-10.2
Wholesale Trade152415-37.50.01751693.6
Bankruptcies111613-31.3-15.41291280.8
Proposals482-50.0100.0464112.2
Retail Trade34292917.217.23983902.1
Bankruptcies2322234.50.0311318-2.2
Proposals117657.183.3877220.8
Transportation and Warehousing142429-41.7-51.72292213.6
Bankruptcies131625-18.8-48.0172178-3.4
Proposals184-87.5-75.0574332.6
Information and Cultural Industries98312.5200.0745827.6
Bankruptcies783-12.5133.3544910.2
Proposals200n/an/a209122.2
Finance and Insurance8810.0700.0746415.6
Bankruptcies76116.7600.0564914.3
Proposals120-50.0n/a181520.0
Real Estate and Rental and Leasing17131130.854.515613614.7
Bankruptcies1610960.077.811410310.7
Proposals132-66.7-50.0423327.3
Professional, Scientific and Technical Services35232452.245.82712613.8
Bankruptcies25192031.625.0201205-2.0
Proposals1044150.0150.0705625.0
Management of Companies and Enterprises1110710.057.186860.0
Bankruptcies97328.6200.0736414.1
Proposals234-33.3-50.01322-40.9
Administrative and Support, Waste Management and Remediation Services1413167.7-12.51561457.6
Bankruptcies1191322.2-15.4101110-8.2
Proposals343-25.00.0553557.1
Educational Services344-25.0-25.0302520.0
Bankruptcies234-33.3-50.0211910.5
Proposals1100.0n/a9650.0
Health Care and Social Assistance9128-25.012.58283-1.2
Bankruptcies7118-36.4-12.55361-13.1
Proposals210100.0n/a292231.8
Arts, Entertainment and Recreation672-14.3200.06880-15.0
Bankruptcies4420.0100.05260-13.3
Proposals230-33.3n/a1620-20.0
Accommodation and Food Services64534020.860.0554563-1.6
Bankruptcies4844309.160.04424107.8
Proposals1691077.860.0112153-26.8
Other Services (except Public Administration)21161031.3110.020417914.0
Bankruptcies1612833.3100.01551512.6
Proposals54225.0150.0492875.0
Public Administration000n/an/a35-40.0
Bankruptcies000n/an/a24-50.0
Proposals000n/an/a110.0
Total3633622990.321.43,6863,6042.3
Bankruptcies278281239-1.116.32,7692,7181.9
Proposals8581604.941.79178863.5