Insolvency Statistics in Canada—Second Quarter of 2013

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Tables

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 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.
Economic Region (ER):
Standard geographic units created for analysis of regional economic activity (Statistics Canada's geographical definitions of ERs).
Census Metropolitan Area (CMA):
Each census metropolitan area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000 (Statistics Canada's geographical definitions of CMAs).
Table 1: Total Insolvencies
ProvinceVolume% Change12-Month Period Ending
Q2 2013Q1 2013Q2 2012Q1 2013 to Q2 2013Q2 2012 to Q2 201306-30-201306-30-2012% Change
Newfoundland and Labrador 481 437 503 10.1 -4.4 1,748 1,922 -9.1
Bankruptcies4394064518.1-2.71,6151,779-9.2
Proposals42315235.5-19.2133143-7.0
Prince Edward Island 148 134 166 10.4 -10.8 604 606 -0.3
Bankruptcies1111061164.7-4.34674640.6
Proposals 37 28 50 32.1 -26.0 137 142 -3.5
Nova Scotia 1,303 1,046 1,203 24.6 8.3 4,424 4,516 -2.0
Bankruptcies93274694024.9-0.93,1923,487-8.5
Proposals37130026323.741.11,2321,02919.7
New Brunswick 1,039 906 1,033 14.7 0.6 3,809 3,846 -1.0
Bankruptcies 776 668 813 16.2 -4.6 2,822 2,998 -5.9
Proposals 263 238 220 10.5 19.5 987 848 16.4
Quebec 11,107 10,315 9,692 7.7 14.6 39,827 37,728 5.6
Bankruptcies7,1666,5316,7219.76.626,14726,450-1.1
Proposals3,9413,7842,9714.132.613,68011,27821.3
Ontario 12,327 11,036 13,070 11.7 -5.7 46,679 50,603 -7.8
Bankruptcies 6,279 5,290 6,522 18.7 -3.7 23,366 25,539 -8.5
Proposals 6,048 5,746 6,548 5.3 -7.6 23,313 25,064 -7.0
Manitoba 514 414 514 24.2 0.0 1,861 2,058 -9.6
Bankruptcies34027334224.5-0.61,2671,403-9.7
Proposals17414117223.41.2594655-9.3
Saskatchewan 479 420 488 14.0 -1.8 1,749 2,033 -14.0
Bankruptcies 281 263 288 6.8 -2.4 1,043 1,221 -14.6
Proposals 198 157 200 26.1 -1.0 706 812 -13.1
Alberta 2,281 2,238 2,485 1.9 -8.2 8,983 9,988 -10.1
Bankruptcies1,3081,3231,592-1.1-17.85,3466,634-19.4
Proposals9739158936.39.03,6373,3548.4
British Columbia 3,295 2,909 3,214 13.3 2.5 11,851 12,162 -2.6
Bankruptcies 1,984 1,825 2,115 8.7 -6.2 7,455 7,982 -6.6
Proposals 1,311 1,084 1,099 20.9 19.3 4,396 4,180 5.2
Northwest Territories 11 9 9 22.2 22.2 47 47 0.0
Bankruptcies65520.020.02532-21.9
Proposals54425.025.0221546.7
Yukon 9 7 6 28.6 50.0 43 30 43.3
Bankruptcies 7 4 5 75.0 40.0 26 25 4.0
Proposals231-33.3100.0175240.0
Nunavut 1 1 0 0.0 -- 5 3 66.7
Bankruptcies010-100.0--21100.0
Proposals100----3250.0
Canada 32,995 29,872 32,383 10.5 1.9 121,630 125,542 -3.1
Bankruptcies 19,629 17,441 19,910 12.5 -1.4 72,773 78,015 -6.7
Proposals 13,366 12,431 12,473 7.5 7.2 48,857 47,527 2.8
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q2 2013Q1 2013Q2 2012Q1 2013 to Q2 2013Q2 2012 to Q2 201306-30-201306-30-2012% Change
Newfoundland and Labrador 473 431 502 9.7 -5.8 1,723 1,905 -9.6
Bankruptcies4324024507.5-4.01,5971,764-9.5
Proposals41295241.4-21.2126141-10.6
Prince Edward Island 145 128 163 13.3 -11.0 591 583 1.4
Bankruptcies 110 100 114 10.0 -3.5 456 445 2.5
Proposals 35 28 49 25.0 -28.6 135 138 -2.2
Nova Scotia 1,275 1,017 1,179 25.4 8.1 4,311 4,427 -2.6
Bankruptcies91172391826.0-0.83,1053,412-9.0
Proposals36429426123.839.51,2061,01518.8
New Brunswick 1,017 891 1,015 14.1 0.2 3,738 3,783 -1.2
Bankruptcies 759 657 800 15.5 -5.1 2,770 2,949 -6.1
Proposals 258 234 215 10.3 20.0 968 834 16.1
Quebec 10,543 9,770 9,161 7.9 15.1 37,751 35,671 5.8
Bankruptcies6,7686,1346,32810.37.024,63024,948-1.3
Proposals3,7753,6362,8333.833.313,12110,72322.4
Ontario 11,988 10,734 12,731 11.7 -5.8 45,403 49,117 -7.6
Bankruptcies 6,024 5,054 6,275 19.2 -4.0 22,380 24,396 -8.3
Proposals 5,964 5,680 6,456 5.0 -7.6 23,023 24,721 -6.9
Manitoba 502 399 505 25.8 -0.6 1,811 1,990 -9.0
Bankruptcies33025933727.4-2.11,2231,350-9.4
Proposals17214016822.92.4588640-8.1
Saskatchewan 447 386 452 15.8 -1.1 1,629 1,887 -13.7
Bankruptcies 260 243 264 7.0 -1.5 975 1,118 -12.8
Proposals 187 143 188 30.8 -0.5 654 769 -15.0
Alberta 2,235 2,183 2,394 2.4 -6.6 8,749 9,641 -9.3
Bankruptcies1,2731,2871,522-1.1-16.45,1796,369-18.7
Proposals9628968727.410.33,5703,2729.1
British Columbia 3,226 2,833 3,160 13.9 2.1 11,571 11,909 -2.8
Bankruptcies 1,932 1,768 2,070 9.3 -6.7 7,255 7,786 -6.8
Proposals 1,294 1,065 1,090 21.5 18.7 4,316 4,123 4.7
Northwest Territories 11 9 8 22.2 37.5 47 46 2.2
Bankruptcies65520.020.02532-21.9
Proposals54325.066.7221457.1
Yukon 9 5 5 80.0 80.0 41 28 46.4
Bankruptcies 7 2 4 250.0 75.0 24 23 4.3
Proposals 2 3 1 -33.3 100.0 17 5 240.0
Nunavut 1 1 0 0.0 -- 4 3 33.3
Bankruptcies010-100.0--110.0
Proposals100----3250.0
Canada 31,872 28,787 31,275 10.7 1.9 117,369 120,990 -3.0
Bankruptcies 18,812 16,635 19,087 13.1 -1.4 69,620 74,593 -6.7
Proposals 13,060 12,152 12,188 7.5 7.2 47,749 46,397 2.9
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q2 2013Q1 2013Q2 2012Q1 2013 to Q2 2013Q2 2012 to Q2 201306-30-201306-30-2012% Change
Newfoundland and Labrador 8 6 1 33.3 700.0 25 17 47.1
Bankruptcies74175.0600.0181520.0
Proposals120-50.0--72250.0
Prince Edward Island 3 6 3 -50.0 0.0 13 23 -43.5
Bankruptcies 1 6 2 -83.3 -50.0 11 19 -42.1
Proposals 2 0 1 -- 100.0 2 4 -50.0
Nova Scotia 28 29 24 -3.4 16.7 113 89 27.0
Bankruptcies212322-8.7-4.5877516.0
Proposals76216.7250.0261485.7
New Brunswick 22 15 18 46.7 22.2 71 63 12.7
Bankruptcies 17 11 13 54.5 30.8 52 49 6.1
Proposals 5 4 5 25.0 0.0 19 14 35.7
Quebec 564 545 531 3.5 6.2 2,076 2,057 0.9
Bankruptcies3983973930.31.31,5171,5021.0
Proposals16614813812.220.35595550.7
Ontario 339 302 339 12.3 0.0 1,276 1,486 -14.1
Bankruptcies 255 236 247 8.1 3.2 986 1,143 -13.7
Proposals 84 66 92 27.3 -8.7 290 343 -15.5
Manitoba 12 15 9 -20.0 33.3 50 68 -26.5
Bankruptcies10145-28.6100.04453-17.0
Proposals214100.0-50.0615-60.0
Saskatchewan 32 34 36 -5.9 -11.1 120 146 -17.8
Bankruptcies 21 20 24 5.0 -12.5 68 103 -34.0
Proposals 11 14 12 -21.4 -8.3 52 43 20.9
Alberta 46 55 91 -16.4 -49.5 234 347 -32.6
Bankruptcies353670-2.8-50.0167265-37.0
Proposals111921-42.1-47.66782-18.3
British Columbia 69 76 54 -9.2 27.8 280 253 10.7
Bankruptcies 52 57 45 -8.8 15.6 200 196 2.0
Proposals 17 19 9 -10.5 88.9 80 57 40.4
Northwest Territories 0 0 1 -- -100.0 0 1 -100.0
Bankruptcies000----00--
Proposals001---100.001-100.0
Yukon 0 2 1 -100.0 -100.0 2 2 0.0
Bankruptcies 0 2 1 -100.0 -100.0 2 2 0.0
Proposals 0 0 0 -- -- 0 0 --
Nunavut 0 0 0 -- -- 1 0 --
Bankruptcies000----10--
Proposals000----00--
Canada 1,123 1,085 1,108 3.5 1.4 4,261 4,552 -6.4
Bankruptcies 817 806 823 1.4 -0.7 3,153 3,422 -7.9
Proposals 306 279 285 9.7 7.4 1,108 1,130 -1.9