Insolvency Statistics in Canada—2015 (Table 3)

Table 3: Insolvencies Filed by Businesses
province Volume 2014
2014 2013 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 30 32 -6.3 1,987,700 10,565,536
Bankruptcies 27 21 28.6 1,925,269 10,281,556
Proposals 3 11 -72.7 62,431 283,980
Prince Edward Island 18 23 -21.7 4,660,134 35,488,276
Bankruptcies 13 18 -27.8 3,173,419 18,734,537
Proposals 5 5 0.0 1,486,715 16,753,739
Nova Scotia 77 111 -30.6 9,565,770 32,873,319
Bankruptcies 52 84 -38.1 7,963,975 28,264,649
Proposals 25 27 -7.4 1,601,795 4,608,670
New Brunswick 87 82 6.1 13,549,769 60,655,837
Bankruptcies 68 64 6.3 9,564,944 32,358,608
Proposals 19 18 5.6 3,984,825 28,297,229
Quebec 2,337 2,180 7.2 287,545,114 2,526,097,633
Bankruptcies 1,690 1,591 6.2 214,086,277 1,042,499,973
Proposals 647 589 9.8 73,458,837 1,483,597,660
Ontario 1,090 1,220 -10.7 186,958,400 1,370,839,703
Bankruptcies 835 958 -12.8 164,564,653 1,029,539,691
Proposals 255 262 -2.7 22,393,747 341,300,012
Manitoba 57 67 -14.9 14,415,587 28,634,925
Bankruptcies 48 55 -12.7 12,786,741 27,433,622
Proposals 9 12 -25.0 1,628,846 1,201,303
Saskatchewan 124 115 7.8 15,370,679 46,417,952
Bankruptcies 77 68 13.2 7,160,644 24,490,570
Proposals 47 47 0.0 8,210,035 21,927,382
Alberta 141 194 -27.3 489,026,765 839,902,393
Bankruptcies 105 137 -23.4 468,476,931 796,044,194
Proposals 36 57 -36.8 20,549,834 43,858,199
British Columbia 256 255 0.4 278,132,351 709,069,085
Bankruptcies 200 189 5.8 181,645,141 680,751,547
Proposals 56 66 -15.2 96,487,210 28,317,538
Northwest Territories 0 0 --  0 0
Bankruptcies 0 0 --  0 0
Proposals 0 0 --  0 0
Yukon 1 2 -50.0 0 0
Bankruptcies 0 2 -100.0 0 0
Proposals 1 0 --  0 0
Nunavut 1 0 --  279,459 1,188,655
Bankruptcies 1 0 --  279,459 1,188,655
Proposals 0 0 --  0 0
Canada 4,219 4,281 -1.4 1,301,491,728 5,661,733,314
Bankruptcies 3,116 3,187 -2.2 1,071,627,453 3,691,587,602
Proposals 1,103 1,094 0.8 229,864,275 1,970,145,712
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