Insolvency Statistics in Canada—2014 (Table 6)

Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
Province, territory or region 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
Avalon Peninsula 20 11 81.8 1,694,512 8,801,303
Bankruptcies 17 6 183.3 1,632,081 8,517,323
Proposals 3 5 -40.0 62,431 283,980
South Coast – Burin Peninsula 0 5 -100.0 0 0
Bankruptcies 0 1 -100.0 0 0
Proposals 0 4 -100.0 0 0
West Coast – Northern Peninsula – Labrador 0 7 -100.0 0 0
Bankruptcies 0 6 -100.0 0 0
Proposals 0 1 -100.0 0 0
Notre Dame – Central Bonavista Bay 10 9 11.1 293,188 1,764,233
Bankruptcies 10 8 25.0 293,188 1,764,233
Proposals 0 1 -100.0 0 0
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
Cape Breton 14 4 250.0 1,887,768 3,354,315
Bankruptcies 9 4 125.0 1,887,768 3,354,315
Proposals 5 0 --  0 0
North Shore 6 12 -50.0 64,382 996,390
Bankruptcies 5 11 -54.5 64,382 996,390
Proposals 1 1 0.0 0 0
Annapolis Valley 10 20 -50.0 761,014 4,005,735
Bankruptcies 4 11 -63.6 378,330 2,282,561
Proposals 6 9 -33.3 382,684 1,723,174
Southern 13 16 -18.8 2,294,989 4,132,787
Bankruptcies 7 11 -36.4 1,631,455 3,179,231
Proposals 6 5 20.0 663,534 953,556
Halifax 34 58 -41.4 4,557,618 20,384,092
Bankruptcies 27 46 -41.3 4,002,041 18,452,152
Proposals 7 12 -41.7 555,577 1,931,940
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
Campbellton – Miramichi 21 13 61.5 2,771,443 11,896,202
Bankruptcies 20 10 100.0 2,771,443 11,297,062
Proposals 1 3 -66.7 0 599,140
Moncton – Richibucto 24 27 -11.1 2,214,960 13,305,980
Bankruptcies 18 23 -21.7 2,194,710 5,963,046
Proposals 6 4 50.0 20,250 7,342,934
Saint John – St. Stephen 13 23 -43.5 4,841,905 15,149,561
Bankruptcies 10 18 -44.4 1,291,011 3,403,519
Proposals 3 5 -40.0 3,550,894 11,746,042
Fredericton – Oromocto 14 3 366.7 2,409,816 11,049,299
Bankruptcies 10 2 400.0 2,090,276 7,440,024
Proposals 4 1 300.0 319,540 3,609,275
Edmundston – Woodstock 13 16 -18.8 1,311,645 9,254,797
Bankruptcies 9 11 -18.2 1,217,504 4,254,958
Proposals 4 5 -20.0 94,141 4,999,839
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
Gaspésie – Îles-de-la-Madeleine 20 17 17.6 2,603,488 14,390,758
Bankruptcies 16 15 6.7 2,598,126 5,742,347
Proposals 4 2 100.0 5,362 8,648,411
Bas-Saint-Laurent 61 39 56.4 8,508,626 61,308,956
Bankruptcies 48 26 84.6 3,892,844 13,573,225
Proposals 13 13 0.0 4,615,782 47,735,731
Capitale-Nationale 191 162 17.9 17,185,369 96,106,876
Bankruptcies 146 118 23.7 12,982,862 49,775,103
Proposals 47 44 6.8 4,202,507 46,331,773
Chaudière – Appalaches 109 102 6.9 31,380,981 124,982,541
Bankruptcies 83 76 9.2 30,372,283 72,123,230
Proposals 26 26 0.0 1,008,698 52,859,311
Estrie 60 55 9.1 7,144,221 45,874,842
Bankruptcies 46 44 4.5 4,314,696 20,399,326
Proposals 14 11 27.3 2,829,525 25,475,516
Centre-du-Québec 62 57 8.8 15,936,743 44,733,407
Bankruptcies 51 39 30.8 15,515,307 37,009,546
Proposals 11 18 -38.9 421,436 7,723,861
Montérégie 424 435 -2.5 45,991,000 246,736,050
Bankruptcies 296 337 -12.2 19,401,548 109,588,287
Proposals 129 98 31.6 26,589,452 137,147,763
Montréal 672 681 -1.3 88,384,736 1,259,400,427
Bankruptcies 484 495 -2.2 78,412,019 495,443,427
Proposals 189 186 1.6 9,972,717 763,957,000
Laval 150 114 31.6 5,947,553 88,417,579
Bankruptcies 111 78 42.3 5,159,577 40,711,415
Proposals 39 36 8.3 787,976 47,706,164
Lanaudière 138 110 25.5 16,918,837 104,653,480
Bankruptcies 90 75 20.0 13,242,469 46,274,459
Proposals 48 35 37.1 3,676,368 58,379,021
Laurentides 203 182 11.5 12,701,661 101,792,255
Bankruptcies 153 124 23.4 9,843,116 67,131,888
Proposals 50 59 -15.3 2,858,545 34,660,367
Outaouais 99 79 25.3 15,773,329 40,766,523
Bankruptcies 67 56 19.6 3,257,540 18,825,065
Proposals 33 23 43.5 12,515,789 21,941,458
Abitibi – Témiscamingue 22 28 -21.4 8,447,203 136,062,125
Bankruptcies 18 19 -5.3 4,658,339 11,525,084
Proposals 5 9 -44.4 3,788,864 124,537,041
Mauricie 50 55 -9.1 943,214 58,897,658
Bankruptcies 39 41 -4.9 943,203 6,389,461
Proposals 12 14 -14.3 11 52,508,197
Saguenay – Lac-Saint-Jean 45 42 7.1 7,811,345 59,631,446
Bankruptcies 30 33 -9.1 7,689,119 41,694,893
Proposals 17 10 70.0 122,226 17,936,553
Côte-Nord 18 15 20.0 1,169,041 36,576,991
Bankruptcies 10 8 25.0 1,105,462 4,230,244
Proposals 8 6 33.3 63,579 32,346,747
Nord-du-Québec 3 5 -40.0 697,768 5,765,719
Bankruptcies 2 5 -60.0 697,767 2,062,972
Proposals 1 0 --  1 3,702,747
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
Ottawa 136 136 0.0 9,047,726 39,637,992
Bankruptcies 94 109 -13.8 6,639,326 32,574,558
Proposals 41 27 51.9 2,408,400 7,063,434
Kingston – Pembroke 29 28 3.6 5,291,970 11,831,600
Bankruptcies 25 17 47.1 2,685,303 8,569,905
Proposals 4 11 -63.6 2,606,667 3,261,695
Muskoka – Kawarthas 9 21 -57.1 350,571 1,552,769
Bankruptcies 8 20 -60.0 350,571 1,552,769
Proposals 1 1 0.0 0 0
Toronto 542 669 -19.0 102,975,158 954,664,060
Bankruptcies 411 516 -20.3 94,683,195 670,172,263
Proposals 131 153 -14.4 8,291,963 284,491,797
Kitchener – Waterloo – Barrie 84 96 -12.5 8,346,609 83,647,836
Bankruptcies 65 77 -15.6 6,456,369 77,528,647
Proposals 19 18 5.6 1,890,240 6,119,189
Hamilton – Niagara Peninsula 110 117 -6.0 14,193,947 83,435,385
Bankruptcies 85 101 -15.8 12,725,935 77,978,337
Proposals 25 16 56.3 1,468,012 5,457,048
London 38 36 5.6 1,768,421 12,266,947
Bankruptcies 28 28 0.0 1,621,435 11,069,336
Proposals 10 8 25.0 146,986 1,197,611
Windsor – Sarnia 49 51 -3.9 5,403,214 31,408,528
Bankruptcies 46 41 12.2 5,381,977 31,164,767
Proposals 3 10 -70.0 21,237 243,761
Stratford – Bruce Peninsula 23 12 91.7 12,934,544 46,208,768
Bankruptcies 18 10 80.0 10,444,177 40,650,048
Proposals 6 2 200.0 2,490,367 5,558,720
Northeast 52 38 36.8 21,213,643 71,613,826
Bankruptcies 43 25 72.0 20,515,886 70,255,062
Proposals 9 13 -30.8 697,757 1,358,764
Northwest 15 18 -16.7 5,432,599 34,571,991
Bankruptcies 12 15 -20.0 3,060,480 8,023,998
Proposals 4 3 33.3 2,372,119 26,547,993
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
Southeast 6 7 -14.3 2,576,003 2,190,702
Bankruptcies 6 7 -14.3 2,576,003 2,190,702
Proposals 0 0 --  0 0
South Central 1 7 -85.7 64,660 192,969
Bankruptcies 1 7 -85.7 64,660 192,969
Proposals 0 0 --  0 0
Southwest 14 12 16.7 839,278 3,065,030
Bankruptcies 13 8 62.5 836,278 2,832,395
Proposals 2 5 -60.0 3,000 232,635
North Central 0 1 -100.0 0 0
Bankruptcies 0 1 -100.0 0 0
Proposals 0 0 --  0 0
Winnipeg 26 27 -3.7 8,985,360 19,631,218
Bankruptcies 23 19 21.1 8,985,360 19,631,218
Proposals 4 8 -50.0 0 0
Interlake 3 2 50.0 272,380 1,687,391
Bankruptcies 3 2 50.0 272,380 1,687,391
Proposals 0 0 --  0 0
Parklands 1 10 -90.0 42,192 189,499
Bankruptcies 1 10 -90.0 42,192 189,499
Proposals 0 0 --  0 0
North 4 1 300.0 1,635,714 1,678,116
Bankruptcies 1 1 0.0 9,868 709,448
Proposals 3 0 --  1,625,846 968,668
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
Regina – Moose Mountain 44 47 -6.4 7,172,166 11,116,597
Bankruptcies 25 19 31.6 3,224,983 6,312,934
Proposals 20 28 -28.6 3,947,183 4,803,663
Swift Current – Moose Jaw 12 18 -33.3 1,799,544 2,136,259
Bankruptcies 7 12 -41.7 625,724 1,164,792
Proposals 6 6 0.0 1,173,820 971,467
Saskatoon – Biggar 30 21 42.9 2,884,916 8,345,493
Bankruptcies 21 14 50.0 682,861 5,454,351
Proposals 9 7 28.6 2,202,055 2,891,142
Yorkton – Melville 15 18 -16.7 2,124,318 9,617,260
Bankruptcies 13 13 0.0 2,050,665 9,441,813
Proposals 3 4 -25.0 73,653 175,447
Prince Albert 19 12 58.3 1,389,734 15,202,343
Bankruptcies 12 10 20.0 576,410 2,116,679
Proposals 8 2 300.0 813,324 13,085,664
Northern 0 0 --  0 0
Bankruptcies 0 0 --  0 0
Proposals 0 0 --  0 0
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
Lethbridge – Medicine Hat 6 6 0.0 419,533 2,074,104
Bankruptcies 5 4 25.0 399,930 2,017,743
Proposals 1 2 -50.0 19,603 56,361
Camrose – Drumheller 8 12 -33.3 330,747 1,822,371
Bankruptcies 7 9 -22.2 322,956 1,789,067
Proposals 1 2 -50.0 7,791 33,304
Calgary 62 105 -41.0 169,478,106 301,366,638
Bankruptcies 46 84 -45.2 149,628,045 266,188,723
Proposals 16 21 -23.8 19,850,061 35,177,915
Banff – Jasper – Rocky Mountain House 2 1 100.0 593,295 675,693
Bankruptcies 2 1 100.0 593,295 675,693
Proposals 0 0 --  0 0
Red Deer 13 9 44.4 2,110,287 6,997,164
Bankruptcies 8 7 14.3 1,982,981 6,468,918
Proposals 5 2 150.0 127,306 528,246
Edmonton 43 45 -4.4 316,038,188 520,759,115
Bankruptcies 33 19 73.7 315,493,115 518,446,561
Proposals 10 26 -61.5 545,073 2,312,554
Athabasca – Grande Prairie – Peace River 3 14 -78.6 1 5,749,818
Bankruptcies 0 11 -100.0 0 0
Proposals 3 3 0.0 1 5,749,818
Wood Buffalo – Cold Lake 2 2 0.0 56,609 457,488
Bankruptcies 2 2 0.0 56,609 457,488
Proposals 0 0 --  0 0
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
Vancouver Island and Coast 44 64 -31.3 29,889,759 229,940,981
Bankruptcies 39 40 -2.5 27,464,932 214,695,943
Proposals 5 24 -79.2 2,424,827 15,245,038
Lower Mainland – Southwest 168 118 42.4 244,063,669 302,355,793
Bankruptcies 130 86 51.2 150,199,183 290,655,182
Proposals 39 32 21.9 93,864,486 11,700,611
Thompson – Okanagan 30 62 -51.6 3,416,972 170,255,671
Bankruptcies 24 54 -55.6 3,219,075 168,883,782
Proposals 7 8 -12.5 197,897 1,371,889
Kootenay 6 7 -14.3 11,992 4,659,784
Bankruptcies 3 5 -40.0 11,992 4,659,784
Proposals 3 1 200.0 0 0
Cariboo 2 2 0.0 24,019 266,450
Bankruptcies 2 1 100.0 24,019 266,450
Proposals 0 1 -100.0 0 0
North Coast 0 0 --  0 0
Bankruptcies 0 0 --  0 0
Proposals 0 0 --  0 0
Nechako 0 0 --  0 0
Bankruptcies 0 0 --  0 0
Proposals 0 0 --  0 0
Northeast 3 3 0.0 725,941 1,590,406
Bankruptcies 2 3 -33.3 725,941 1,590,406
Proposals 1 0 --  0 0
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
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