Insolvency Statistics in Canada—2013 (Table 1)

Table 1: Total Insolvencies
Province Volume 2013
2013 2012 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 1,710 1,769 -3.3 113,385,417 188,919,656
Bankruptcies 1,545 1,626 -5.0 83,347,066 146,210,250
Proposals 165 143 15.4 30,038,351 42,709,406
Prince Edward Island 640 635 0.8 45,709,919 73,280,596
Bankruptcies 458 485 -5.6 27,029,858 51,931,042
Proposals 182 150 21.3 18,680,061 21,349,554
Nova Scotia 4,771 4,388 8.7 393,681,510 600,049,639
Bankruptcies 3,379 3,307 2.2 230,956,602 424,229,284
Proposals 1,392 1,081 28.8 162,724,908 175,820,355
New Brunswick 4,037 3,913 3.2 334,385,898 613,913,333
Bankruptcies 2,910 2,959 -1.7 200,528,369 401,396,539
Proposals 1,127 954 18.1 133,857,529 212,516,794
Quebec 42,127 37,944 11.0 3,280,902,089 6,223,038,955
Bankruptcies 26,812 25,887 3.6 1,324,053,903 3,785,999,956
Proposals 15,315 12,057 27.0 1,956,848,186 2,437,038,999
Ontario 45,354 48,742 -7.0 4,081,850,526 6,588,774,899
Bankruptcies 22,731 24,278 -6.4 1,282,908,288 3,487,275,213
Proposals 22,623 24,464 -7.5 2,798,942,238 3,101,499,686
Manitoba 1,919 1,926 -0.4 172,458,206 275,291,040
Bankruptcies 1,269 1,312 -3.3 84,551,729 192,527,406
Proposals 650 614 5.9 87,906,477 82,763,634
Saskatchewan 1,805 1,860 -3.0 222,972,013 263,372,148
Bankruptcies 1,106 1,080 2.4 99,926,651 153,753,460
Proposals 699 780 -10.4 123,045,362 109,618,688
Alberta 8,452 9,514 -11.2 1,320,747,197 2,057,090,723
Bankruptcies 4,826 5,989 -19.4 596,797,128 1,133,848,439
Proposals 3,626 3,525 2.9 723,950,069 923,242,284
British Columbia 12,057 11,964 0.8 1,522,455,793 2,362,519,402
Bankruptcies 7,319 7,754 -5.6 758,817,006 1,567,984,297
Proposals 4,738 4,210 12.5 763,638,787 794,535,105
Northwest Territories 51 54 -5.6 8,763,768 14,713,484
Bankruptcies 31 29 6.9 4,265,531 9,636,234
Proposals 20 25 -20.0 4,498,237 5,077,250
Yukon 31 38 -18.4 825,635 13,680,840
Bankruptcies 22 24 -8.3 655,324 13,168,669
Proposals 9 14 -35.7 170,311 512,171
Nunavut 5 4 25.0 91,968 334,713
Bankruptcies 3 1 200.0 30,800 214,112
Proposals 2 3 -33.3 61,168 120,601
Canada 122,959 122,751 0.2 11,498,229,939 19,274,979,428
Bankruptcies 72,411 74,731 -3.1 4,693,868,255 11,368,174,901
Proposals 50,548 48,020 5.3 6,804,361,684 7,906,804,527
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