Insolvency Statistics in Canada—Third 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
Q3 2013Q2 2013Q3 2012Q2 2013 to Q3 2013Q3 2012 to Q3 201309-30-201309-30-2012% Change
Newfoundland and Labrador414481428−13.9−3.31,7341,827−5.1
Bankruptcies368439394−16.2−6.61,5891,681−5.5
Proposals4642349.535.3145146−0.7
Prince Edward Island18814815127.024.56416036.3
Bankruptcies12711111414.411.44804575.0
Proposals61373764.964.916114610.3
Nova Scotia1,2781,3031,032−1.923.84,6704,4215.6
Bankruptcies864932763−7.313.23,2933,379−2.5
Proposals41437126911.653.91,3771,04232.1
New Brunswick1,0771,0399813.79.83,9053,928−0.6
Bankruptcies753776718−3.04.92,8573,008−5.0
Proposals32426326323.223.21,04892013.9
Quebec10,27511,1078,836−7.516.341,26637,7259.4
Bankruptcies6,6877,1666,087−6.79.926,74726,1402.3
Proposals3,5883,9412,749−9.030.514,51911,58525.3
Ontario11,03112,32711,561−10.5−4.646,14949,918−7.6
Bankruptcies5,5536,2795,846−11.6−5.023,07325,038−7.8
Proposals5,4786,0485,715−9.4−4.123,07624,880−7.3
Manitoba491514464−4.55.81,8881,994−5.3
Bankruptcies316340330−7.1−4.21,2531,365−8.2
Proposals1751741340.630.66356291.0
Saskatchewan468479465−2.30.61,7521,949−10.1
Bankruptcies3002812786.87.91,0651,146−7.1
Proposals168198187−15.2−10.2687803−14.4
Alberta2,0172,2812,243−11.6−10.18,7579,741−10.1
Bankruptcies1,1681,3081,411−10.7−17.25,1036,327−19.3
Proposals849973832−12.72.03,6543,4147.0
British Columbia2,9183,2952,875−11.41.511,89412,054−1.3
Bankruptcies1,7151,9841,860−13.6−7.87,3107,810−6.4
Proposals1,2031,3111,015−8.218.54,5844,2448.0
Northwest Territories1311918.244.4514415.9
Bankruptcies96350.0200.0312619.2
Proposals456−20.0−33.3201811.1
Yukon4912−55.6−66.7353016.7
Bankruptcies375−57.1−40.0242020.0
Proposals127−50.0−85.7111010.0
Nunavut1120.0−50.04333.3
Bankruptcies101--0.021100.0
Proposals011−100.0−100.0220.0
Canada30,17532,99529,059−8.53.8122,746124,237−1.2
Bankruptcies17,86419,62917,810−9.00.372,82776,398−4.7
Proposals12,31113,36611,249−7.99.449,91947,8394.3
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q3 2013Q2 2013Q3 2012Q2 2013 to Q3 2013Q3 2012 to Q3 201309-30-201309-30-2012% Change
Newfoundland and Labrador402473420−15.0−4.31,7051,807−5.6
Bankruptcies364432390−15.7−6.71,5711,667−5.8
Proposals384130−7.326.7134140−4.3
Prince Edward Island18014514824.121.66235817.2
Bankruptcies12111011110.09.04664396.2
Proposals59353768.659.515714210.6
Nova Scotia1,2511,2751,010−1.923.94,5524,3285.2
Bankruptcies842911747−7.612.73,2003,302−3.1
Proposals40936426312.455.51,3521,02631.8
New Brunswick1,0591,0179644.19.93,8333,869−0.9
Bankruptcies740759709−2.54.42,8012,965−5.5
Proposals31925825523.625.11,03290414.2
Quebec9,76810,5438,357−7.416.939,16235,6469.9
Bankruptcies6,3056,7685,726−6.810.125,20924,6072.4
Proposals3,4633,7752,631−8.331.613,95311,03926.4
Ontario10,75411,98811,249−10.3−4.444,90848,480−7.4
Bankruptcies5,3236,0245,606−11.6−5.022,09723,945−7.7
Proposals5,4315,9645,643−8.9−3.822,81124,535−7.0
Manitoba469502456−6.62.91,8241,932−5.6
Bankruptcies298330322−9.7−7.51,1991,317−9.0
Proposals171172134−0.627.66256151.6
Saskatchewan442447432−1.12.31,6391,813−9.6
Bankruptcies2842602629.28.49971,060−5.9
Proposals158187170−15.5−7.1642753−14.7
Alberta1,9792,2352,186−11.5−9.58,5429,416−9.3
Bankruptcies1,1391,2731,364−10.5−16.54,9546,079−18.5
Proposals840962822−12.72.23,5883,3377.5
British Columbia2,8673,2262,806−11.12.211,63211,794−1.4
Bankruptcies1,6781,9321,811−13.1−7.37,1227,612−6.4
Proposals1,1891,294995−8.119.54,5104,1827.8
Northwest Territories1311918.244.4514318.6
Bankruptcies96350.0200.0312619.2
Proposals456−20.0−33.3201717.6
Yukon4912−55.6−66.7332913.8
Bankruptcies375−57.1−40.0221915.8
Proposals127−50.0−85.7111010.0
Nunavut1110.00.042100.0
Bankruptcies100----20--
Proposals011−100.0−100.0220.0
Canada29,18931,87228,050−8.44.1118,508119,740−1.0
Bankruptcies17,10718,81217,056−9.10.369,67173,038−4.6
Proposals12,08213,06010,994−7.59.948,83746,7024.6
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q3 2013Q2 2013Q3 2012Q2 2013 to Q3 2013Q3 2012 to Q3 201309-30-201309-30-2012% Change
Newfoundland and Labrador128850.050.0292045.0
Bankruptcies474−42.90.0181428.6
Proposals814700.0100.011683.3
Prince Edward Island833166.7166.71822−18.2
Bankruptcies613500.0100.01418−22.2
Proposals2200.0--440.0
Nova Scotia272822−3.622.71189326.9
Bankruptcies2221164.837.5937720.8
Proposals576−28.6−16.7251656.3
New Brunswick182217−18.25.9725922.0
Bankruptcies13179−23.544.4564330.2
Proposals5580.0−37.516160.0
Quebec507564479−10.15.82,1042,0791.2
Bankruptcies382398361−4.05.81,5381,5330.3
Proposals125166118−24.75.95665463.7
Ontario277339312−18.3−11.21,2411,438−13.7
Bankruptcies230255240−9.8−4.29761,093−10.7
Proposals478472−44.0−34.7265345−23.2
Manitoba2212883.3175.064623.2
Bankruptcies1810880.0125.0544812.5
Proposals420100.0--1014−28.6
Saskatchewan263233−18.8−21.2113136−16.9
Bankruptcies162116−23.80.06886−20.9
Proposals101117−9.1−41.24550−10.0
Alberta384657−17.4−33.3215325−33.8
Bankruptcies293547−17.1−38.3149248−39.9
Proposals91110−18.2−10.06677−14.3
British Columbia516969−26.1−26.12622600.8
Bankruptcies375249−28.8−24.5188198−5.1
Proposals141720−17.6−30.0746219.4
Northwest Territories000----01−100.0
Bankruptcies000----00--
Proposals000----01−100.0
Yukon000----21100.0
Bankruptcies000----21100.0
Proposals000----00--
Nunavut001--−100.001−100.0
Bankruptcies001--−100.001−100.0
Proposals000----00--
Canada9861,1231,009−12.2−2.34,2384,497−5.8
Bankruptcies757817754−7.30.43,1563,360−6.1
Proposals229306255−25.2−10.21,0821,137−4.8