PDF version
Insolvency Statistics—Second Quarter of 2013
708 KB, 28 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
- Table 5: Insolvencies Filed by Consumers by ER
- Table 6: Insolvencies Filed by Businesses by ER
- Table 7: Insolvencies Filed by Consumers by CMA
- Table 8: Insolvencies Filed by Businesses by CMA
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).
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2013 | Q1 2013 | Q2 2012 | Q1 2013 to Q2 2013 | Q2 2012 to Q2 2013 | 06-30-2013 | 06-30-2012 | % Change | |
Newfoundland and Labrador | 481 | 437 | 503 | 10.1 | -4.4 | 1,748 | 1,922 | -9.1 |
Bankruptcies | 439 | 406 | 451 | 8.1 | -2.7 | 1,615 | 1,779 | -9.2 |
Proposals | 42 | 31 | 52 | 35.5 | -19.2 | 133 | 143 | -7.0 |
Prince Edward Island | 148 | 134 | 166 | 10.4 | -10.8 | 604 | 606 | -0.3 |
Bankruptcies | 111 | 106 | 116 | 4.7 | -4.3 | 467 | 464 | 0.6 |
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 |
Bankruptcies | 932 | 746 | 940 | 24.9 | -0.9 | 3,192 | 3,487 | -8.5 |
Proposals | 371 | 300 | 263 | 23.7 | 41.1 | 1,232 | 1,029 | 19.7 |
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 |
Bankruptcies | 7,166 | 6,531 | 6,721 | 9.7 | 6.6 | 26,147 | 26,450 | -1.1 |
Proposals | 3,941 | 3,784 | 2,971 | 4.1 | 32.6 | 13,680 | 11,278 | 21.3 |
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 |
Bankruptcies | 340 | 273 | 342 | 24.5 | -0.6 | 1,267 | 1,403 | -9.7 |
Proposals | 174 | 141 | 172 | 23.4 | 1.2 | 594 | 655 | -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 |
Bankruptcies | 1,308 | 1,323 | 1,592 | -1.1 | -17.8 | 5,346 | 6,634 | -19.4 |
Proposals | 973 | 915 | 893 | 6.3 | 9.0 | 3,637 | 3,354 | 8.4 |
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 |
Bankruptcies | 6 | 5 | 5 | 20.0 | 20.0 | 25 | 32 | -21.9 |
Proposals | 5 | 4 | 4 | 25.0 | 25.0 | 22 | 15 | 46.7 |
Yukon | 9 | 7 | 6 | 28.6 | 50.0 | 43 | 30 | 43.3 |
Bankruptcies | 7 | 4 | 5 | 75.0 | 40.0 | 26 | 25 | 4.0 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 17 | 5 | 240.0 |
Nunavut | 1 | 1 | 0 | 0.0 | -- | 5 | 3 | 66.7 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 2 | 1 | 100.0 |
Proposals | 1 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
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 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2013 | Q1 2013 | Q2 2012 | Q1 2013 to Q2 2013 | Q2 2012 to Q2 2013 | 06-30-2013 | 06-30-2012 | % Change | |
Newfoundland and Labrador | 473 | 431 | 502 | 9.7 | -5.8 | 1,723 | 1,905 | -9.6 |
Bankruptcies | 432 | 402 | 450 | 7.5 | -4.0 | 1,597 | 1,764 | -9.5 |
Proposals | 41 | 29 | 52 | 41.4 | -21.2 | 126 | 141 | -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 |
Bankruptcies | 911 | 723 | 918 | 26.0 | -0.8 | 3,105 | 3,412 | -9.0 |
Proposals | 364 | 294 | 261 | 23.8 | 39.5 | 1,206 | 1,015 | 18.8 |
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 |
Bankruptcies | 6,768 | 6,134 | 6,328 | 10.3 | 7.0 | 24,630 | 24,948 | -1.3 |
Proposals | 3,775 | 3,636 | 2,833 | 3.8 | 33.3 | 13,121 | 10,723 | 22.4 |
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 |
Bankruptcies | 330 | 259 | 337 | 27.4 | -2.1 | 1,223 | 1,350 | -9.4 |
Proposals | 172 | 140 | 168 | 22.9 | 2.4 | 588 | 640 | -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 |
Bankruptcies | 1,273 | 1,287 | 1,522 | -1.1 | -16.4 | 5,179 | 6,369 | -18.7 |
Proposals | 962 | 896 | 872 | 7.4 | 10.3 | 3,570 | 3,272 | 9.1 |
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 |
Bankruptcies | 6 | 5 | 5 | 20.0 | 20.0 | 25 | 32 | -21.9 |
Proposals | 5 | 4 | 3 | 25.0 | 66.7 | 22 | 14 | 57.1 |
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 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 1 | 1 | 0.0 |
Proposals | 1 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
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 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2013 | Q1 2013 | Q2 2012 | Q1 2013 to Q2 2013 | Q2 2012 to Q2 2013 | 06-30-2013 | 06-30-2012 | % Change | |
Newfoundland and Labrador | 8 | 6 | 1 | 33.3 | 700.0 | 25 | 17 | 47.1 |
Bankruptcies | 7 | 4 | 1 | 75.0 | 600.0 | 18 | 15 | 20.0 |
Proposals | 1 | 2 | 0 | -50.0 | -- | 7 | 2 | 250.0 |
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 |
Bankruptcies | 21 | 23 | 22 | -8.7 | -4.5 | 87 | 75 | 16.0 |
Proposals | 7 | 6 | 2 | 16.7 | 250.0 | 26 | 14 | 85.7 |
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 |
Bankruptcies | 398 | 397 | 393 | 0.3 | 1.3 | 1,517 | 1,502 | 1.0 |
Proposals | 166 | 148 | 138 | 12.2 | 20.3 | 559 | 555 | 0.7 |
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 |
Bankruptcies | 10 | 14 | 5 | -28.6 | 100.0 | 44 | 53 | -17.0 |
Proposals | 2 | 1 | 4 | 100.0 | -50.0 | 6 | 15 | -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 |
Bankruptcies | 35 | 36 | 70 | -2.8 | -50.0 | 167 | 265 | -37.0 |
Proposals | 11 | 19 | 21 | -42.1 | -47.6 | 67 | 82 | -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 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -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 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
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 |