Insolvency Statistics in Canada—2014
(Tables 9 to 11)

Table 9: Receiverships
province Volume Declared Assets ($)
2014
2014 2013 % Change
Newfoundland and Labrador 4 7 -42.9 1,125,000
Court appointed 1 0 --  800,000
Privately appointed 3 7 -57.1 325,000
Prince Edward Island 3 3 0.0 3,000
Court appointed 2 0 --  2,000
Privately appointed 1 3 -66.7 1,000
Nova Scotia 22 27 -18.5 37,936,820
Court appointed 5 5 0.0 30,065,965
Privately appointed 17 22 -22.7 7,870,855
New Brunswick 13 17 -23.5 10,592,889
Court appointed 0 2 -100.0 0
Privately appointed 13 15 -13.3 10,592,889
Quebec 37 34 8.8 141,505,446
Court appointed 35 21 66.7 139,833,909
Privately appointed 2 13 -84.6 1,671,537
Ontario 298 410 -27.3 573,164,216
Court appointed 163 246 -33.7 468,625,406
Privately appointed 135 164 -17.7 104,538,810
Manitoba 7 5 40.0 29,614,642
Court appointed 4 0 --  27,415,451
Privately appointed 3 5 -40.0 2,199,191
Saskatchewan 9 10 -10.0 105,939,115
Court appointed 7 5 40.0 105,545,791
Privately appointed 2 5 -60.0 393,324
Alberta 49 62 -21.0 529,056,380
Court appointed 41 47 -12.8 524,308,476
Privately appointed 8 15 -46.7 4,747,904
British Columbia 75 80 -6.3 4,687,857
Court appointed 38 44 -13.6 38,000
Privately appointed 37 36 2.8 4,649,857
Northwest Territories 0 1 -100.0 0
Court appointed 0 1 -100.0 0
Privately appointed 0 0 --  0
Yukon 0 0 --  0
Court appointed 0 0 --  0
Privately appointed 0 0 --  0
Nunavut 0 0 --  0
Court appointed 0 0 --  0
Privately appointed 0 0 --  0
Canada 517 656 -21.2 1,433,625,365
Court appointed 296 371 -20.2 1,296,634,998
Privately appointed 221 285 -22.5 136,990,367

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Table 10: Consolidation of All Files Closed in 2014
Province Number of Files Assets
($)
Liabilities
($)
Deficit
($)
Total Receipts
($)
Administrative Expenses
($)
Dividends
($)
Newfoundland and Labrador 1,545 82,033,882 150,404,938 68,371,056 14,009,798 6,899,075 7,110,722
Bankruptcies 1,424 64,411,515 116,818,602 52,407,087 8,669,280 5,446,770 3,222,510
Proposals 121 17,622,366 33,586,336 15,963,970 5,340,518 1,452,306 3,888,212
Prince Edward Island 635 42,390,000 76,514,179 34,124,179 4,037,173 2,081,573 1,955,600
Bankruptcies 548 28,527,031 58,117,760 29,590,728 2,228,954 1,581,566 647,388
Proposals 87 13,862,969 18,396,419 4,533,450 1,808,219 500,007 1,308,212
Nova Scotia 4,543 332,513,149 518,217,800 185,704,651 31,717,670 16,649,314 15,068,356
Bankruptcies 3,649 229,781,300 404,653,289 174,871,989 19,235,573 12,772,395 6,463,177
Proposals 894 102,731,849 113,564,511 10,832,662 12,482,097 3,876,919 8,605,179
New Brunswick 3,932 338,974,510 1,679,080,078 1,340,105,569 25,265,300 14,613,922 10,651,378
Bankruptcies 3,227 250,834,192 1,547,940,203 1,297,106,011 15,423,585 10,442,337 4,981,248
Proposals 705 88,140,318 131,139,875 42,999,558 9,841,715 4,171,585 5,670,130
Quebec 36,612 2,454,110,570 5,219,244,497 2,765,133,927 349,360,979 186,281,306 163,079,673
Bankruptcies 27,105 1,200,032,977 3,043,755,328 1,843,722,351 172,808,107 113,492,642 59,315,465
Proposals 9,507 1,254,077,593 2,175,489,169 921,411,576 176,552,872 72,788,664 103,764,208
Ontario 48,363 4,598,271,565 7,125,696,276 2,527,424,711 566,054,646 223,931,212 342,123,434
Bankruptcies 27,493 1,709,322,250 3,842,142,662 2,132,820,412 247,047,361 120,656,446 126,390,915
Proposals 20,870 2,888,949,315 3,283,553,613 394,604,298 319,007,285 103,274,766 215,732,519
Manitoba 2,240 172,887,528 298,229,904 125,342,376 25,731,267 11,483,884 14,247,383
Bankruptcies 1,618 108,217,964 228,717,971 120,500,007 15,156,975 7,652,088 7,504,887
Proposals 622 64,669,564 69,511,933 4,842,369 10,574,292 3,831,797 6,742,496
Saskatchewan 2,166 411,673,819 398,744,067 -12,929,752 25,016,625 9,819,178 15,197,446
Bankruptcies 1,464 308,598,835 277,733,692 -30,865,143 9,304,611 5,140,458 4,164,154
Proposals 702 103,074,984 121,010,375 17,935,391 15,712,014 4,678,721 11,033,293
Alberta 9,392 1,229,957,590 1,998,104,240 768,146,650 114,163,594 49,033,266 65,130,328
Bankruptcies 6,782 794,915,589 1,446,769,982 651,854,393 65,142,926 34,051,601 31,091,325
Proposals 2,610 435,042,001 551,334,258 116,292,257 49,020,668 14,981,665 34,039,002
British Columbia 11,759 1,421,514,774 3,031,006,814 1,609,492,040 115,042,367 52,691,685 62,350,683
Bankruptcies 8,793 916,760,770 2,416,567,008 1,499,806,237 63,508,997 36,443,725 27,065,273
Proposals 2,966 504,754,004 614,439,807 109,685,803 51,533,370 16,247,960 35,285,410
Northwest Territories 51 7,217,956 9,247,319 2,029,363 803,866 456,823 347,043
Bankruptcies 29 2,121,943 3,483,719 1,361,776 344,108 203,975 140,133
Proposals 22 5,096,013 5,763,600 667,587 459,758 252,848 206,910
Yukon 34 1,051,024 2,569,468 1,518,443 278,107 127,680 150,427
Bankruptcies 28 350,269 1,908,858 1,558,589 191,405 100,074 91,331
Proposals 6 700,755 660,609 -40,146 86,702 27,606 59,096
Nunavut 6 11,601 1,012,672 1,001,071 509,775 95,950 413,826
Bankruptcies 5 11,600 426,047 414,447 129,489 34,393 95,096
Proposals 1 1 586,625 586,624 380,286 61,557 318,729
Canada 121,278 11,092,607,968 20,508,072,252 9,415,464,284 1,271,991,167 574,164,869 697,826,298
Bankruptcies 82,165 5,613,886,235 13,389,035,121 7,775,148,886 619,191,372 348,018,468 271,172,904
Proposals 39,113 5,478,721,733 7,119,037,132 1,640,315,398 652,799,795 226,146,401 426,653,394

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Table 11: Consumer Debtors Profile
Province Distribution of Insolvency Files (%)
Age Group (Years) Sex
18 to 24 25 to 29 30 to 34 35 to 39 40 to 44 45 to 49 50 to 54 55 to 59 60 to 64 65 and older Women Men
Newfoundland and Labrador 4.1 9.8 12.6 15.1 12.9 12.4 9.6 7.5 5.6 10.4 51.3 48.7
Prince Edward Island 2.5 6.8 11.0 13.6 12.8 11.9 11.2 9.4 7.4 13.5 50.3 49.7
Nova Scotia 2.3 6.5 10.8 13.1 13.5 13.1 11.2 9.3 7.4 12.8 50.7 49.3
New Brunswick 2.4 6.9 10.8 14.1 14.5 12.6 11.9 9.2 7.2 10.5 50.6 49.4
Quebec 4.3 8.0 11.6 13.1 12.7 12.8 11.6 9.4 6.2 10.2 45.6 54.4
Ontario 2.1 6.7 11.2 12.9 13.8 13.9 13.1 9.9 7.1 9.4 47.8 52.2
Manitoba 3.3 7.3 12.5 13.4 13.4 12.5 12.4 9.2 5.9 10.2 46.5 53.5
Saskatchewan 2.4 7.2 12.3 13.0 12.5 13.8 12.7 9.8 6.3 9.9 47.3 52.7
Alberta 2.3 7.0 12.8 14.4 14.9 13.1 11.5 9.0 6.4 8.5 45.8 54.2
British Columbia 1.1 5.4 11.1 12.9 14.3 14.0 13.1 10.1 7.0 10.9 48.6 51.4
Northwest Territories 2.0 4.1 8.2 14.3 18.4 6.1 18.4 10.2 6.1 12.2 44.9 55.1
Yukon 0.0 10.3 15.4 2.6 15.4 12.8 12.8 10.3 10.3 10.3 48.7 51.3
Nunavut 0.0 16.7 16.7 0.0 0.0 50.0 0.0 16.7 0.0 0.0 50.0 50.0
Canada 2.9 7.1 11.5 13.2 13.5 13.3 12.3 9.6 6.7 10.0 47.2 52.8
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