PDF version
Insolvency Statistics in Canada
Third Quarter of 2015
1,742 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 Economic Region (ER)
- Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
- Table 7: Insolvencies Filed by Consumers by Census Metropolitan Area (CMA)
- Table 8: Insolvencies Filed by Businesses by Census Metropolitan Area (CMA)
Glossary
- 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.
- Census Metropolitan Area (CMA):
- Each 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. For Statistics Canada's geographical definitions of the CMAs, go to CMA and CA: Detailed definition.
- Economic Region (ER):
- Standard geographical units created for analysis of regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q3 2015 | Q2 2015 | Q3 2014 | Q2 2015 to Q3 2015 | Q3 2014 to Q3 2015 | 09-30-2015 | 09-30-2014 | % Change | |
Newfoundland and Labrador | 467 | 512 | 381 | -8.8 | 22.6 | 1,751 | 1,579 | 10.9 |
Bankruptcies | 400 | 429 | 325 | -6.8 | 23.1 | 1,475 | 1,395 | 5.7 |
Proposals | 67 | 83 | 56 | -19.3 | 19.6 | 276 | 184 | 50.0 |
Prince Edward Island | 198 | 222 | 217 | -10.8 | -8.8 | 770 | 742 | 3.8 |
Bankruptcies | 126 | 139 | 157 | -9.4 | -19.7 | 492 | 523 | -5.9 |
Proposals | 72 | 83 | 60 | -13.3 | 20.0 | 278 | 219 | 26.9 |
Nova Scotia | 1,312 | 1,422 | 1,395 | -7.7 | -5.9 | 5,263 | 5,146 | 2.3 |
Bankruptcies | 914 | 1,038 | 999 | -11.9 | -8.5 | 3,720 | 3,659 | 1.7 |
Proposals | 398 | 384 | 396 | 3.6 | 0.5 | 1,543 | 1,487 | 3.8 |
New Brunswick | 1,198 | 1,223 | 1,149 | -2.0 | 4.3 | 4,484 | 4,303 | 4.2 |
Bankruptcies | 787 | 783 | 805 | 0.5 | -2.2 | 2,987 | 3,016 | -1.0 |
Proposals | 411 | 440 | 344 | -6.6 | 19.5 | 1,497 | 1,287 | 16.3 |
Quebec | 11,101 | 11,899 | 10,650 | -6.7 | 4.2 | 45,961 | 43,111 | 6.6 |
Bankruptcies | 6,434 | 6,989 | 6,317 | -7.9 | 1.9 | 26,339 | 26,019 | 1.2 |
Proposals | 4,667 | 4,910 | 4,333 | -4.9 | 7.7 | 19,622 | 17,092 | 14.8 |
Ontario | 9,852 | 10,868 | 10,303 | -9.3 | -4.4 | 41,170 | 42,884 | -4.0 |
Bankruptcies | 4,498 | 5,117 | 4,907 | -12.1 | -8.3 | 19,168 | 20,679 | -7.3 |
Proposals | 5,354 | 5,751 | 5,396 | -6.9 | -0.8 | 22,002 | 22,205 | -0.9 |
Manitoba | 539 | 534 | 508 | 0.9 | 6.1 | 2,085 | 1,938 | 7.6 |
Bankruptcies | 318 | 367 | 334 | -13.4 | -4.8 | 1,314 | 1,252 | 5.0 |
Proposals | 221 | 167 | 174 | 32.3 | 27.0 | 771 | 686 | 12.4 |
Saskatchewan | 599 | 577 | 526 | 3.8 | 13.9 | 2,184 | 2,018 | 8.2 |
Bankruptcies | 307 | 316 | 288 | -2.8 | 6.6 | 1,156 | 1,175 | -1.6 |
Proposals | 292 | 261 | 238 | 11.9 | 22.7 | 1,028 | 843 | 21.9 |
Alberta | 2,508 | 2,510 | 2,006 | -0.1 | 25.0 | 9,319 | 8,291 | 12.4 |
Bankruptcies | 1,085 | 1,133 | 921 | -4.2 | 17.8 | 4,161 | 4,065 | 2.4 |
Proposals | 1,423 | 1,377 | 1,085 | 3.3 | 31.2 | 5,158 | 4,226 | 22.1 |
British Columbia | 2,959 | 3,046 | 2,876 | -2.9 | 2.9 | 11,763 | 11,769 | -0.1 |
Bankruptcies | 1,417 | 1,545 | 1,554 | -8.3 | -8.8 | 5,971 | 6,866 | -13.0 |
Proposals | 1,542 | 1,501 | 1,322 | 2.7 | 16.6 | 5,792 | 4,903 | 18.1 |
Northwest Territories | 11 | 10 | 8 | 10.0 | 37.5 | 45 | 51 | -11.8 |
Bankruptcies | 5 | 6 | 3 | -16.7 | 66.7 | 25 | 27 | -7.4 |
Proposals | 6 | 4 | 5 | 50.0 | 20.0 | 20 | 24 | -16.7 |
Yukon | 13 | 6 | 11 | 116.7 | 18.2 | 39 | 42 | -7.1 |
Bankruptcies | 8 | 1 | 7 | 700.0 | 14.3 | 18 | 28 | -35.7 |
Proposals | 5 | 5 | 4 | 0.0 | 25.0 | 21 | 14 | 50.0 |
Nunavut | 0 | 1 | 1 | -100.0 | -100.0 | 5 | 6 | -16.7 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 4 | 3 | 33.3 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 1 | 3 | -66.7 |
Canada | 30,757 | 32,830 | 30,031 | -6.3 | 2.4 | 124,839 | 121,880 | 2.4 |
Bankruptcies | 16,299 | 17,864 | 16,617 | -8.8 | -1.9 | 66,830 | 68,707 | -2.7 |
Proposals | 14,458 | 14,966 | 13,414 | -3.4 | 7.8 | 58,009 | 53,173 | 9.1 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q3 2015 | Q2 2015 | Q3 2014 | Q2 2015 to Q3 2015 | Q3 2014 to Q3 2015 | 09-30-2015 | 09-30-2014 | % Change | |
Newfoundland and Labrador | 459 | 506 | 378 | -9.3 | 21.4 | 1,719 | 1,555 | 10.5 |
Bankruptcies | 394 | 423 | 322 | -6.9 | 22.4 | 1,447 | 1,374 | 5.3 |
Proposals | 65 | 83 | 56 | -21.7 | 16.1 | 272 | 181 | 50.3 |
Prince Edward Island | 195 | 216 | 212 | -9.7 | -8.0 | 753 | 722 | 4.3 |
Bankruptcies | 124 | 134 | 154 | -7.5 | -19.5 | 479 | 509 | -5.9 |
Proposals | 71 | 82 | 58 | -13.4 | 22.4 | 274 | 213 | 28.6 |
Nova Scotia | 1,291 | 1,386 | 1,376 | -6.9 | -6.2 | 5,169 | 5,060 | 2.2 |
Bankruptcies | 896 | 1,012 | 986 | -11.5 | -9.1 | 3,653 | 3,603 | 1.4 |
Proposals | 395 | 374 | 390 | 5.6 | 1.3 | 1,516 | 1,457 | 4.0 |
New Brunswick | 1,176 | 1,209 | 1,135 | -2.7 | 3.6 | 4,399 | 4,215 | 4.4 |
Bankruptcies | 770 | 773 | 793 | -0.4 | -2.9 | 2,928 | 2,945 | -0.6 |
Proposals | 406 | 436 | 342 | -6.9 | 18.7 | 1,471 | 1,270 | 15.8 |
Quebec | 10,630 | 11,336 | 10,134 | -6.2 | 4.9 | 43,650 | 40,865 | 6.8 |
Bankruptcies | 6,078 | 6,574 | 5,932 | -7.5 | 2.5 | 24,663 | 24,354 | 1.3 |
Proposals | 4,552 | 4,762 | 4,202 | -4.4 | 8.3 | 18,987 | 16,511 | 15.0 |
Ontario | 9,577 | 10,568 | 10,051 | -9.4 | -4.7 | 39,991 | 41,785 | -4.3 |
Bankruptcies | 4,283 | 4,889 | 4,693 | -12.4 | -8.7 | 18,261 | 19,832 | -7.9 |
Proposals | 5,294 | 5,679 | 5,358 | -6.8 | -1.2 | 21,730 | 21,953 | -1.0 |
Manitoba | 526 | 526 | 499 | 0.0 | 5.4 | 2,045 | 1,876 | 9.0 |
Bankruptcies | 310 | 361 | 329 | -14.1 | -5.8 | 1,286 | 1,202 | 7.0 |
Proposals | 216 | 165 | 170 | 30.9 | 27.1 | 759 | 674 | 12.6 |
Saskatchewan | 557 | 552 | 503 | 0.9 | 10.7 | 2,076 | 1,891 | 9.8 |
Bankruptcies | 276 | 298 | 276 | -7.4 | 0.0 | 1,079 | 1,102 | -2.1 |
Proposals | 281 | 254 | 227 | 10.6 | 23.8 | 997 | 789 | 26.4 |
Alberta | 2,477 | 2,466 | 1,969 | 0.4 | 25.8 | 9,175 | 8,134 | 12.8 |
Bankruptcies | 1,067 | 1,099 | 898 | -2.9 | 18.8 | 4,056 | 3,956 | 2.5 |
Proposals | 1,410 | 1,367 | 1,071 | 3.1 | 31.7 | 5,119 | 4,178 | 22.5 |
British Columbia | 2,909 | 2,996 | 2,811 | -2.9 | 3.5 | 11,567 | 11,504 | 0.5 |
Bankruptcies | 1,375 | 1,507 | 1,502 | -8.8 | -8.5 | 5,824 | 6,663 | -12.6 |
Proposals | 1,534 | 1,489 | 1,309 | 3.0 | 17.2 | 5,743 | 4,841 | 18.6 |
Northwest Territories | 11 | 10 | 8 | 10.0 | 37.5 | 45 | 51 | -11.8 |
Bankruptcies | 5 | 6 | 3 | -16.7 | 66.7 | 25 | 27 | -7.4 |
Proposals | 6 | 4 | 5 | 50.0 | 20.0 | 20 | 24 | -16.7 |
Yukon | 13 | 6 | 11 | 116.7 | 18.2 | 38 | 42 | -9.5 |
Bankruptcies | 8 | 1 | 7 | 700.0 | 14.3 | 18 | 28 | -35.7 |
Proposals | 5 | 5 | 4 | 0.0 | 25.0 | 20 | 14 | 42.9 |
Nunavut | 0 | 1 | 1 | -100.0 | -100.0 | 4 | 6 | -33.3 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 3 | 3 | 0.0 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 1 | 3 | -66.7 |
Canada | 29,821 | 31,778 | 29,088 | -6.2 | 2.5 | 120,631 | 117,706 | 2.5 |
Bankruptcies | 15,586 | 17,078 | 15,895 | -8.7 | -1.9 | 63,722 | 65,598 | -2.9 |
Proposals | 14,235 | 14,700 | 13,193 | -3.2 | 7.9 | 56,909 | 52,108 | 9.2 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q3 2015 | Q2 2015 | Q3 2014 | Q2 2015 to Q3 2015 | Q3 2014 to Q3 2015 | 09-30-2015 | 09-30-2014 | % Change | |
Newfoundland and Labrador | 8 | 6 | 3 | 33.3 | 166.7 | 32 | 24 | 33.3 |
Bankruptcies | 6 | 6 | 3 | 0.0 | 100.0 | 28 | 21 | 33.3 |
Proposals | 2 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
Prince Edward Island | 3 | 6 | 5 | -50.0 | -40.0 | 17 | 20 | -15.0 |
Bankruptcies | 2 | 5 | 3 | -60.0 | -33.3 | 13 | 14 | -7.1 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 4 | 6 | -33.3 |
Nova Scotia | 21 | 36 | 19 | -41.7 | 10.5 | 94 | 86 | 9.3 |
Bankruptcies | 18 | 26 | 13 | -30.8 | 38.5 | 67 | 56 | 19.6 |
Proposals | 3 | 10 | 6 | -70.0 | -50.0 | 27 | 30 | -10.0 |
New Brunswick | 22 | 14 | 14 | 57.1 | 57.1 | 85 | 88 | -3.4 |
Bankruptcies | 17 | 10 | 12 | 70.0 | 41.7 | 59 | 71 | -16.9 |
Proposals | 5 | 4 | 2 | 25.0 | 150.0 | 26 | 17 | 52.9 |
Quebec | 471 | 563 | 516 | -16.3 | -8.7 | 2,311 | 2,246 | 2.9 |
Bankruptcies | 356 | 415 | 385 | -14.2 | -7.5 | 1,676 | 1,665 | 0.7 |
Proposals | 115 | 148 | 131 | -22.3 | -12.2 | 635 | 581 | 9.3 |
Ontario | 275 | 300 | 252 | -8.3 | 9.1 | 1,179 | 1,099 | 7.3 |
Bankruptcies | 215 | 228 | 214 | -5.7 | 0.5 | 907 | 847 | 7.1 |
Proposals | 60 | 72 | 38 | -16.7 | 57.9 | 272 | 252 | 7.9 |
Manitoba | 13 | 8 | 9 | 62.5 | 44.4 | 40 | 62 | -35.5 |
Bankruptcies | 8 | 6 | 5 | 33.3 | 60.0 | 28 | 50 | -44.0 |
Proposals | 5 | 2 | 4 | 150.0 | 25.0 | 12 | 12 | 0.0 |
Saskatchewan | 42 | 25 | 23 | 68.0 | 82.6 | 108 | 127 | -15.0 |
Bankruptcies | 31 | 18 | 12 | 72.2 | 158.3 | 77 | 73 | 5.5 |
Proposals | 11 | 7 | 11 | 57.1 | 0.0 | 31 | 54 | -42.6 |
Alberta | 31 | 44 | 37 | -29.5 | -16.2 | 144 | 157 | -8.3 |
Bankruptcies | 18 | 34 | 23 | -47.1 | -21.7 | 105 | 109 | -3.7 |
Proposals | 13 | 10 | 14 | 30.0 | -7.1 | 39 | 48 | -18.8 |
British Columbia | 50 | 50 | 65 | 0.0 | -23.1 | 196 | 265 | -26.0 |
Bankruptcies | 42 | 38 | 52 | 10.5 | -19.2 | 147 | 203 | -27.6 |
Proposals | 8 | 12 | 13 | -33.3 | -38.5 | 49 | 62 | -21.0 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Yukon | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 936 | 1,052 | 943 | -11.0 | -0.7 | 4,208 | 4,174 | 0.8 |
Bankruptcies | 713 | 786 | 722 | -9.3 | -1.2 | 3,108 | 3,109 | 0.0 |
Proposals | 223 | 266 | 221 | -16.2 | 0.9 | 1,100 | 1,065 | 3.3 |