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Insolvency Statistics– First Quarter of 2014
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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 a 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.
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2014 | Q4 2013 | Q1 2013 | Q4 2013 to Q1 2014 | Q1 2013 to Q1 2014 | 03-31-2014 | 03-31-2013 | % Change | |
Newfoundland and Labrador | 387 | 378 | 437 | 2.4 | -11.4 | 1,660 | 1,770 | -6.2 |
Bankruptcies | 347 | 332 | 406 | 4.5 | -14.5 | 1,486 | 1,627 | -8.7 |
Proposals | 40 | 46 | 31 | -13.0 | 29.0 | 174 | 143 | 21.7 |
Prince Edward Island | 175 | 170 | 134 | 2.9 | 30.6 | 681 | 622 | 9.5 |
Bankruptcies | 117 | 114 | 106 | 2.6 | 10.4 | 469 | 472 | -0.6 |
Proposals | 58 | 56 | 28 | 3.6 | 107.1 | 212 | 150 | 41.3 |
Nova Scotia | 1,138 | 1,144 | 1,046 | -0.5 | 8.8 | 4,863 | 4,324 | 12.5 |
Bankruptcies | 767 | 837 | 746 | -8.4 | 2.8 | 3,400 | 3,200 | 6.3 |
Proposals | 371 | 307 | 300 | 20.8 | 23.7 | 1,463 | 1,124 | 30.2 |
New Brunswick | 960 | 1,015 | 906 | -5.4 | 6.0 | 4,091 | 3,803 | 7.6 |
Bankruptcies | 665 | 713 | 668 | -6.7 | -0.4 | 2,907 | 2,859 | 1.7 |
Proposals | 295 | 302 | 238 | -2.3 | 23.9 | 1,184 | 944 | 25.4 |
Quebec | 10,836 | 10,430 | 10,315 | 3.9 | 5.1 | 42,648 | 38,412 | 11.0 |
Bankruptcies | 6,412 | 6,428 | 6,531 | -0.2 | -1.8 | 26,693 | 25,702 | 3.9 |
Proposals | 4,424 | 4,002 | 3,784 | 10.5 | 16.9 | 15,955 | 12,710 | 25.5 |
Ontario | 10,493 | 10,960 | 11,036 | -4.3 | -4.9 | 44,811 | 47,422 | -5.5 |
Bankruptcies | 4,843 | 5,609 | 5,290 | -13.7 | -8.4 | 22,284 | 23,609 | -5.6 |
Proposals | 5,650 | 5,351 | 5,746 | 5.6 | -1.7 | 22,527 | 23,813 | -5.4 |
Manitoba | 411 | 500 | 414 | -17.8 | -0.7 | 1,916 | 1,861 | 3.0 |
Bankruptcies | 258 | 340 | 273 | -24.1 | -5.5 | 1,254 | 1,269 | -1.2 |
Proposals | 153 | 160 | 141 | -4.4 | 8.5 | 662 | 592 | 11.8 |
Saskatchewan | 521 | 438 | 420 | 18.9 | 24.0 | 1,906 | 1,758 | 8.4 |
Bankruptcies | 316 | 262 | 263 | 20.6 | 20.2 | 1,159 | 1,050 | 10.4 |
Proposals | 205 | 176 | 157 | 16.5 | 30.6 | 747 | 708 | 5.5 |
Alberta | 2,082 | 1,916 | 2,238 | 8.7 | -7.0 | 8,296 | 9,187 | -9.7 |
Bankruptcies | 1,027 | 1,027 | 1,323 | 0.0 | -22.4 | 4,530 | 5,630 | -19.5 |
Proposals | 1,055 | 889 | 915 | 18.7 | 15.3 | 3,766 | 3,557 | 5.9 |
British Columbia | 2,801 | 2,935 | 2,909 | -4.6 | -3.7 | 11,949 | 11,770 | 1.5 |
Bankruptcies | 1,644 | 1,795 | 1,825 | -8.4 | -9.9 | 7,138 | 7,586 | -5.9 |
Proposals | 1,157 | 1,140 | 1,084 | 1.5 | 6.7 | 4,811 | 4,184 | 15.0 |
Northwest Territories | 14 | 18 | 9 | -22.2 | 55.6 | 56 | 45 | 24.4 |
Bankruptcies | 7 | 11 | 5 | -36.4 | 40.0 | 33 | 24 | 37.5 |
Proposals | 7 | 7 | 4 | 0.0 | 75.0 | 23 | 21 | 9.5 |
Yukon | 9 | 11 | 7 | -18.2 | 28.6 | 33 | 40 | -17.5 |
Bankruptcies | 7 | 8 | 4 | -12.5 | 75.0 | 25 | 24 | 4.2 |
Proposals | 2 | 3 | 3 | -33.3 | -33.3 | 8 | 16 | -50.0 |
Nunavut | 3 | 2 | 1 | 50.0 | 200.0 | 7 | 4 | 75.0 |
Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 4 | 2 | 100.0 |
Proposals | 1 | 1 | 0 | 0.0 | -- | 3 | 2 | 50.0 |
Canada | 29,830 | 29,917 | 29,872 | -0.3 | -0.1 | 122,917 | 121,018 | 1.6 |
Bankruptcies | 16,412 | 17,477 | 17,441 | -6.1 | -5.9 | 71,382 | 73,054 | -2.3 |
Proposals | 13,418 | 12,440 | 12,431 | 7.9 | 7.9 | 51,535 | 47,964 | 7.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2014 | Q4 2013 | Q1 2013 | Q4 2013 to Q1 2014 | Q1 2013 to Q1 2014 | 03-31-2014 | 03-31-2013 | % Change | |
Newfoundland and Labrador | 378 | 372 | 431 | 1.6 | -12.3 | 1,625 | 1,752 | -7.2 |
Bankruptcies | 340 | 326 | 402 | 4.3 | -15.4 | 1,462 | 1,615 | -9.5 |
Proposals | 38 | 46 | 29 | -17.4 | 31.0 | 163 | 137 | 19.0 |
Prince Edward Island | 172 | 164 | 128 | 4.9 | 34.4 | 661 | 609 | 8.5 |
Bankruptcies | 116 | 109 | 100 | 6.4 | 16.0 | 456 | 460 | -0.9 |
Proposals | 56 | 55 | 28 | 1.8 | 100.0 | 205 | 149 | 37.6 |
Nova Scotia | 1,121 | 1,117 | 1,017 | 0.4 | 10.2 | 4,764 | 4,215 | 13.0 |
Bankruptcies | 759 | 819 | 723 | -7.3 | 5.0 | 3,331 | 3,112 | 7.0 |
Proposals | 362 | 298 | 294 | 21.5 | 23.1 | 1,433 | 1,103 | 29.9 |
New Brunswick | 934 | 988 | 891 | -5.5 | 4.8 | 3,998 | 3,736 | 7.0 |
Bankruptcies | 645 | 690 | 657 | -6.5 | -1.8 | 2,834 | 2,811 | 0.8 |
Proposals | 289 | 298 | 234 | -3.0 | 23.5 | 1,164 | 925 | 25.8 |
Quebec | 10,271 | 9,866 | 9,770 | 4.1 | 5.1 | 40,448 | 36,369 | 11.2 |
Bankruptcies | 5,983 | 6,014 | 6,134 | -0.5 | -2.5 | 25,070 | 24,190 | 3.6 |
Proposals | 4,288 | 3,852 | 3,636 | 11.3 | 17.9 | 15,378 | 12,179 | 26.3 |
Ontario | 10,219 | 10,658 | 10,734 | -4.1 | -4.8 | 43,619 | 46,146 | -5.5 |
Bankruptcies | 4,650 | 5,372 | 5,054 | -13.4 | -8.0 | 21,369 | 22,631 | -5.6 |
Proposals | 5,569 | 5,286 | 5,680 | 5.4 | -2.0 | 22,250 | 23,515 | -5.4 |
Manitoba | 395 | 482 | 399 | -18.0 | -1.0 | 1,848 | 1,814 | 1.9 |
Bankruptcies | 243 | 327 | 259 | -25.7 | -6.2 | 1,198 | 1,230 | -2.6 |
Proposals | 152 | 155 | 140 | -1.9 | 8.6 | 650 | 584 | 11.3 |
Saskatchewan | 475 | 415 | 386 | 14.5 | 23.1 | 1,779 | 1,634 | 8.9 |
Bankruptcies | 286 | 251 | 243 | 13.9 | 17.7 | 1,081 | 979 | 10.4 |
Proposals | 189 | 164 | 143 | 15.2 | 32.2 | 698 | 655 | 6.6 |
Alberta | 2,048 | 1,861 | 2,183 | 10.0 | -6.2 | 8,123 | 8,908 | -8.8 |
Bankruptcies | 1,003 | 990 | 1,287 | 1.3 | -22.1 | 4,405 | 5,428 | -18.8 |
Proposals | 1,045 | 871 | 896 | 20.0 | 16.6 | 3,718 | 3,480 | 6.8 |
British Columbia | 2,731 | 2,876 | 2,833 | -5.0 | -3.6 | 11,700 | 11,505 | 1.7 |
Bankruptcies | 1,596 | 1,752 | 1,768 | -8.9 | -9.7 | 6,958 | 7,393 | -5.9 |
Proposals | 1,135 | 1,124 | 1,065 | 1.0 | 6.6 | 4,742 | 4,112 | 15.3 |
Northwest Territories | 14 | 18 | 9 | -22.2 | 55.6 | 56 | 44 | 27.3 |
Bankruptcies | 7 | 11 | 5 | -36.4 | 40.0 | 33 | 24 | 37.5 |
Proposals | 7 | 7 | 4 | 0.0 | 75.0 | 23 | 20 | 15.0 |
Yukon | 9 | 11 | 5 | -18.2 | 80.0 | 33 | 37 | -10.8 |
Bankruptcies | 7 | 8 | 2 | -12.5 | 250.0 | 25 | 21 | 19.0 |
Proposals | 2 | 3 | 3 | -33.3 | -33.3 | 8 | 16 | -50.0 |
Nunavut | 3 | 2 | 1 | 50.0 | 200.0 | 7 | 3 | 133.3 |
Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 4 | 1 | 300.0 |
Proposals | 1 | 1 | 0 | 0.0 | -- | 3 | 2 | 50.0 |
Canada | 28,770 | 28,830 | 28,787 | -0.2 | -0.1 | 118,661 | 116,772 | 1.6 |
Bankruptcies | 15,637 | 16,670 | 16,635 | -6.2 | -6.0 | 68,226 | 69,895 | -2.4 |
Proposals | 13,133 | 12,160 | 12,152 | 8.0 | 8.1 | 50,435 | 46,877 | 7.6 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2014 | Q4 2013 | Q1 2013 | Q4 2013 to Q1 2014 | Q1 2013 to Q1 2014 | 03-31-2014 | 03-31-2013 | % Change | |
Newfoundland and Labrador | 9 | 6 | 6 | 50.0 | 50.0 | 35 | 18 | 94.4 |
Bankruptcies | 7 | 6 | 4 | 16.7 | 75.0 | 24 | 12 | 100.0 |
Proposals | 2 | 0 | 2 | -- | 0.0 | 11 | 6 | 83.3 |
Prince Edward Island | 3 | 6 | 6 | -50.0 | -50.0 | 20 | 13 | 53.8 |
Bankruptcies | 1 | 5 | 6 | -80.0 | -83.3 | 13 | 12 | 8.3 |
Proposals | 2 | 1 | 0 | 100.0 | -- | 7 | 1 | 600.0 |
Nova Scotia | 17 | 27 | 29 | -37.0 | -41.4 | 99 | 109 | -9.2 |
Bankruptcies | 8 | 18 | 23 | -55.6 | -65.2 | 69 | 88 | -21.6 |
Proposals | 9 | 9 | 6 | 0.0 | 50.0 | 30 | 21 | 42.9 |
New Brunswick | 26 | 27 | 15 | -3.7 | 73.3 | 93 | 67 | 38.8 |
Bankruptcies | 20 | 23 | 11 | -13.0 | 81.8 | 73 | 48 | 52.1 |
Proposals | 6 | 4 | 4 | 50.0 | 50.0 | 20 | 19 | 5.3 |
Quebec | 565 | 564 | 545 | 0.2 | 3.7 | 2,200 | 2,043 | 7.7 |
Bankruptcies | 429 | 414 | 397 | 3.6 | 8.1 | 1,623 | 1,512 | 7.3 |
Proposals | 136 | 150 | 148 | -9.3 | -8.1 | 577 | 531 | 8.7 |
Ontario | 274 | 302 | 302 | -9.3 | -9.3 | 1,192 | 1,276 | -6.6 |
Bankruptcies | 193 | 237 | 236 | -18.6 | -18.2 | 915 | 978 | -6.4 |
Proposals | 81 | 65 | 66 | 24.6 | 22.7 | 277 | 298 | -7.0 |
Manitoba | 16 | 18 | 15 | -11.1 | 6.7 | 68 | 47 | 44.7 |
Bankruptcies | 15 | 13 | 14 | 15.4 | 7.1 | 56 | 39 | 43.6 |
Proposals | 1 | 5 | 1 | -80.0 | 0.0 | 12 | 8 | 50.0 |
Saskatchewan | 46 | 23 | 34 | 100.0 | 35.3 | 127 | 124 | 2.4 |
Bankruptcies | 30 | 11 | 20 | 172.7 | 50.0 | 78 | 71 | 9.9 |
Proposals | 16 | 12 | 14 | 33.3 | 14.3 | 49 | 53 | -7.5 |
Alberta | 34 | 55 | 55 | -38.2 | -38.2 | 173 | 279 | -38.0 |
Bankruptcies | 24 | 37 | 36 | -35.1 | -33.3 | 125 | 202 | -38.1 |
Proposals | 10 | 18 | 19 | -44.4 | -47.4 | 48 | 77 | -37.7 |
British Columbia | 70 | 59 | 76 | 18.6 | -7.9 | 249 | 265 | -6.0 |
Bankruptcies | 48 | 43 | 57 | 11.6 | -15.8 | 180 | 193 | -6.7 |
Proposals | 22 | 16 | 19 | 37.5 | 15.8 | 69 | 72 | -4.2 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Yukon | 0 | 0 | 2 | -- | -100.0 | 0 | 3 | -100.0 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 0 | 3 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Nunavut | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 1,060 | 1,087 | 1,085 | -2.5 | -2.3 | 4,256 | 4,246 | 0.2 |
Bankruptcies | 775 | 807 | 806 | -4.0 | -3.8 | 3,156 | 3,159 | -0.1 |
Proposals | 285 | 280 | 279 | 1.8 | 2.2 | 1,100 | 1,087 | 1.2 |