Archived — Insolvency Statistics in Canada—2012 (Table 3)

Table 3: Insolvencies Filed by Businesses
Province Volume 2012
2012 2011 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 19 26 -26.9 885,347 6,619,167
Bankruptcies 15 24 -37.5 827,341 6,356,297
Proposals 4 2 100.0 58,006 262,870
Prince Edward Island 17 17 0.0 4,374,751 5,769,448
Bankruptcies 13 15 -13.3 4,328,250 4,705,045
Proposals 4 2 100.0 46,501 1,064,403
Nova Scotia 106 113 -6.2 30,890,707 100,142,223
Bankruptcies 86 95 -9.5 28,865,780 81,404,051
Proposals 20 18 11.1 2,024,927 18,738,172
New Brunswick 70 60 16.7 20,550,659 78,144,457
Bankruptcies 53 43 23.3 19,594,022 57,656,964
Proposals 17 17 0.0 956,637 20,487,493
Quebec 2,019 2,127 -5.1 206,220,985 1,633,764,184
Bankruptcies 1,488 1,569 -5.2 116,497,934 718,868,210
Proposals 531 558 -4.8 89,723,051 914,895,974
Ontario 1,361 1,614 -15.7 203,303,064 1,698,471,337
Bankruptcies 1,042 1,276 -18.3 175,515,154 1,461,569,355
Proposals 319 338 -5.6 27,787,910 236,901,982
Manitoba 49 74 -33.8 5,478,904 18,550,232
Bankruptcies 36 60 -40.0 2,603,777 15,407,847
Proposals 13 14 -7.1 2,875,127 3,142,385
Saskatchewan 129 157 -17.8 15,419,495 32,617,971
Bankruptcies 79 104 -24.0 6,277,223 17,848,052
Proposals 50 53 -5.7 9,142,272 14,769,919
Alberta 312 341 -8.5 122,544,100 377,983,988
Bankruptcies 230 264 -12.9 104,860,394 310,639,245
Proposals 82 77 6.5 17,683,706 67,344,743
British Columbia 268 243 10.3 127,639,750 417,248,036
Bankruptcies 192 192 0.0 112,308,264 391,174,755
Proposals 76 51 49.0 15,331,486 26,073,281
Northwest Territories 1 2 -50.0 21,400 135,203
Bankruptcies 0 0 0 0
Proposals 1 2 -50.0 21,400 135,203
Yukon 1 1 0.0 215,002 223,743
Bankruptcies 1 1 0.0 215,002 223,743
Proposals 0 0 0 0
Nunavut 1 0 2,700 121,413
Bankruptcies 1 0 2,700 121,413
Proposals 0 0 0 0
Canada 4,353 4,775 -8.8 737,546,864 4,369,791,402
Bankruptcies 3,236 3,643 -11.2 571,895,841 3,065,974,977
Proposals 1,117 1,132 -1.3 165,651,023 1,303,816,425
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