Insolvency Statistics in Canada—September 2015

Tables

Note:

Monthly statistics for insolvency volumes tend to vary widely. Quarterly and annual statistics can be more indicative of the evolution of insolvency volumes.

Definitions

Consumer:
An individual with more than 50 percent of total liabilities related to consumer goods and services.
Business:
Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
Bankruptcy:
The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
Proposal:
An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.
NAICS:
North American Industry Classification System.
Table 1: Total Insolvencies
Province Volume % Change 12-Month Period Ending
September
2015
August
2015
September
2014
Aug. 2015
to
Sept. 2015
Sept. 2014
to
Sept. 2015
09-30-2015 09-30-2014 % Change
Newfoundland and Labrador 156 156 127 0.0 22.8 1,751 1,579 10.9
Bankruptcies 137 126 111 8.7 23.4 1,475 1,395 5.7
Proposals 19 30 16 -36.7 18.8 276 184 50.0
Prince Edward Island 53 61 62 -13.1 -14.5 770 742 3.8
Bankruptcies 32 39 43 -17.9 -25.6 492 523 -5.9
Proposals 21 22 19 -4.5 10.5 278 219 26.9
Nova Scotia 474 381 500 24.4 -5.2 5,263 5,146 2.3
Bankruptcies 332 260 360 27.7 -7.8 3,720 3,659 1.7
Proposals 142 121 140 17.4 1.4 1,543 1,487 3.8
New Brunswick 411 385 393 6.8 4.6 4,484 4,303 4.2
Bankruptcies 270 249 275 8.4 -1.8 2,987 3,016 -1.0
Proposals 141 136 118 3.7 19.5 1,497 1,287 16.3
Quebec 3,915 3,319 3,694 18.0 6.0 45,961 43,111 6.6
Bankruptcies 2,324 1,973 2,200 17.8 5.6 26,339 26,019 1.2
Proposals 1,591 1,346 1,494 18.2 6.5 19,622 17,092 14.8
Ontario 3,329 3,103 3,537 7.3 -5.9 41,170 42,884 -4.0
Bankruptcies 1,515 1,434 1,706 5.6 -11.2 19,168 20,679 -7.3
Proposals 1,814 1,669 1,831 8.7 -0.9 22,002 22,205 -0.9
Manitoba 176 161 186 9.3 -5.4 2,085 1,938 7.6
Bankruptcies 101 98 130 3.1 -22.3 1,314 1,252 5.0
Proposals 75 63 56 19.0 33.9 771 686 12.4
Saskatchewan 198 196 181 1.0 9.4 2,184 2,018 8.2
Bankruptcies 100 102 104 -2.0 -3.8 1,156 1,175 -1.6
Proposals 98 94 77 4.3 27.3 1,028 843 21.9
Alberta 922 756 707 22.0 30.4 9,319 8,291 12.4
Bankruptcies 390 337 318 15.7 22.6 4,161 4,065 2.4
Proposals 532 419 389 27.0 36.8 5,158 4,226 22.1
British Columbia 983 955 988 2.9 -0.5 11,763 11,769 -0.1
Bankruptcies 480 449 519 6.9 -7.5 5,971 6,866 -13.0
Proposals 503 506 469 -0.6 7.2 5,792 4,903 18.1
Northwest Territories 4 3 1 33.3 300.0 45 51 -11.8
Bankruptcies 3 1 0 200.0 -- 25 27 -7.4
Proposals 1 2 1 -50.0 0.0 20 24 -16.7
Yukon 4 5 2 -20.0 100.0 39 42 -7.1
Bankruptcies 3 3 1 0.0 200.0 18 28 -35.7
Proposals 1 2 1 -50.0 0.0 21 14 50.0
Nunavut 0 0 0 -- -- 5 6 -16.7
Bankruptcies 0 0 0 -- -- 4 3 33.3
Proposals 0 0 0 -- -- 1 3 -66.7
Canada 10,625 9,481 10,378 12.1 2.4 124,839 121,880 2.4
Bankruptcies 5,687 5,071 5,767 12.1 -1.4 66,830 68,707 -2.7
Proposals 4,938 4,410 4,611 12.0 7.1 58,009 53,173 9.1
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
September
2015
August
2015
September
2014
Aug. 2015
to
Sept. 2015
Sept. 2014
to
Sept. 2015
09-30-2015 09-30-2014 % Change
Newfoundland and Labrador 151 153 126 -1.3 19.8 1,719 1,555 10.5
Bankruptcies 133 124 110 7.3 20.9 1,447 1,374 5.3
Proposals 18 29 16 -37.9 12.5 272 181 50.3
Prince Edward Island 52 61 61 -14.8 -14.8 753 722 4.3
Bankruptcies 31 39 42 -20.5 -26.2 479 509 -5.9
Proposals 21 22 19 -4.5 10.5 274 213 28.6
Nova Scotia 462 378 497 22.2 -7.0 5,169 5,060 2.2
Bankruptcies 323 257 357 25.7 -9.5 3,653 3,603 1.4
Proposals 139 121 140 14.9 -0.7 1,516 1,457 4.0
New Brunswick 401 381 386 5.2 3.9 4,399 4,215 4.4
Bankruptcies 263 246 268 6.9 -1.9 2,928 2,945 -0.6
Proposals 138 135 118 2.2 16.9 1,471 1,270 15.8
Quebec 3,733 3,190 3,506 17.0 6.5 43,650 40,865 6.8
Bankruptcies 2,193 1,869 2,057 17.3 6.6 24,663 24,354 1.3
Proposals 1,540 1,321 1,449 16.6 6.3 18,987 16,511 15.0
Ontario 3,234 3,026 3,458 6.9 -6.5 39,991 41,785 -4.3
Bankruptcies 1,438 1,376 1,636 4.5 -12.1 18,261 19,832 -7.9
Proposals 1,796 1,650 1,822 8.8 -1.4 21,730 21,953 -1.0
Manitoba 173 155 184 11.6 -6.0 2,045 1,876 9.0
Bankruptcies 99 93 128 6.5 -22.7 1,286 1,202 7.0
Proposals 74 62 56 19.4 32.1 759 674 12.6
Saskatchewan 178 184 173 -3.3 2.9 2,076 1,891 9.8
Bankruptcies 87 92 100 -5.4 -13.0 1,079 1,102 -2.1
Proposals 91 92 73 -1.1 24.7 997 789 26.4
Alberta 910 743 698 22.5 30.4 9,175 8,134 12.8
Bankruptcies 381 333 313 14.4 21.7 4,056 3,956 2.5
Proposals 529 410 385 29.0 37.4 5,119 4,178 22.5
British Columbia 960 942 971 1.9 -1.1 11,567 11,504 0.5
Bankruptcies 461 438 505 5.3 -8.7 5,824 6,663 -12.6
Proposals 499 504 466 -1.0 7.1 5,743 4,841 18.6
Northwest Territories 4 3 1 33.3 300.0 45 51 -11.8
Bankruptcies 3 1 0 200.0 -- 25 27 -7.4
Proposals 1 2 1 -50.0 0.0 20 24 -16.7
Yukon 4 5 2 -20.0 100.0 38 42 -9.5
Bankruptcies 3 3 1 0.0 200.0 18 28 -35.7
Proposals 1 2 1 -50.0 0.0 20 14 42.9
Nunavut 0 0 0 -- -- 4 6 -33.3
Bankruptcies 0 0 0 -- -- 3 3 0.0
Proposals 0 0 0 -- -- 1 3 -66.7
Canada 10,262 9,221 10,063 11.3 2.0 120,631 117,706 2.5
Bankruptcies 5,415 4,871 5,517 11.2 -1.8 63,722 65,598 -2.9
Proposals 4,847 4,350 4,546 11.4 6.6 56,909 52,108 9.2
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
September
2015
August
2015
September
2014
Aug. 2015
to
Sept. 2015
Sept. 2014
to
Sept. 2015
09-30-2015 09-30-2014 % Change
Newfoundland and Labrador 5 3 1 66.7 400.0 32 24 33.3
Bankruptcies 4 2 1 100.0 300.0 28 21 33.3
Proposals 1 1 0 0.0 -- 4 3 33.3
Prince Edward Island 1 0 1 -- 0.0 17 20 -15.0
Bankruptcies 1 0 1 -- 0.0 13 14 -7.1
Proposals 0 0 0 -- -- 4 6 -33.3
Nova Scotia 12 3 3 300.0 300.0 94 86 9.3
Bankruptcies 9 3 3 200.0 200.0 67 56 19.6
Proposals 3 0 0 -- -- 27 30 -10.0
New Brunswick 10 4 7 150.0 42.9 85 88 -3.4
Bankruptcies 7 3 7 133.3 0.0 59 71 -16.9
Proposals 3 1 0 200.0 -- 26 17 52.9
Quebec 182 129 188 41.1 -3.2 2,311 2,246 2.9
Bankruptcies 131 104 143 26.0 -8.4 1,676 1,665 0.7
Proposals 51 25 45 104.0 13.3 635 581 9.3
Ontario 95 77 79 23.4 20.3 1,179 1,099 7.3
Bankruptcies 77 58 70 32.8 10.0 907 847 7.1
Proposals 18 19 9 -5.3 100.0 272 252 7.9
Manitoba 3 6 2 -50.0 50.0 40 62 -35.5
Bankruptcies 2 5 2 -60.0 0.0 28 50 -44.0
Proposals 1 1 0 0.0 -- 12 12 0.0
Saskatchewan 20 12 8 66.7 150.0 108 127 -15.0
Bankruptcies 13 10 4 30.0 225.0 77 73 5.5
Proposals 7 2 4 250.0 75.0 31 54 -42.6
Alberta 12 13 9 -7.7 33.3 144 157 -8.3
Bankruptcies 9 4 5 125.0 80.0 105 109 -3.7
Proposals 3 9 4 -66.7 -25.0 39 48 -18.8
British Columbia 23 13 17 76.9 35.3 196 265 -26.0
Bankruptcies 19 11 14 72.7 35.7 147 203 -27.6
Proposals 4 2 3 100.0 33.3 49 62 -21.0
Northwest Territories 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Yukon 0 0 0 -- -- 1 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 1 0 --
Nunavut 0 0 0 -- -- 1 0 --
Bankruptcies 0 0 0 -- -- 1 0 --
Proposals 0 0 0 -- -- 0 0 --
Canada 363 260 315 39.6 15.2 4,208 4,174 0.8
Bankruptcies 272 200 250 36.0 8.8 3,108 3,109 0.0
Proposals 91 60 65 51.7 40.0 1,100 1,065 3.3
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Sector Volume % Change 12-Month Period Ending
September
2015
August
2015
September
2014
Aug. 2015
to
Sept. 2015
Sept. 2014
to
Sept. 2015
09-30-2015 09-30-2014 % Change
Agriculture, Forestry, Fishing and Hunting 13 2 6 550.0 116.7 86 106 -18.9
Bankruptcies 5 1 4 400.0 25.0 43 73 -41.1
Proposals 8 1 2 700.0 300.0 43 33 30.3
Mining and Oil and Gas Extraction 5 2 5 150.0 0.0 37 44 -15.9
Bankruptcies 5 1 2 400.0 150.0 24 20 20.0
Proposals 0 1 3 -100.0 -100.0 13 24 -45.8
Utilities 2 0 2 -- 0.0 13 15 -13.3
Bankruptcies 2 0 2 -- 0.0 9 11 -18.2
Proposals 0 0 0 -- -- 4 4 0.0
Construction 79 43 49 83.7 61.2 752 724 3.9
Bankruptcies 57 32 37 78.1 54.1 544 543 0.2
Proposals 22 11 12 100.0 83.3 208 181 14.9
Manufacturing 34 24 33 41.7 3.0 380 392 -3.1
Bankruptcies 29 18 25 61.1 16.0 263 285 -7.7
Proposals 5 6 8 -16.7 -37.5 117 107 9.3
Wholesale Trade 13 14 13 -7.1 0.0 218 237 -8.0
Bankruptcies 10 9 8 11.1 25.0 157 158 -0.6
Proposals 3 5 5 -40.0 -40.0 61 79 -22.8
Retail Trade 50 32 44 56.3 13.6 498 512 -2.7
Bankruptcies 39 29 33 34.5 18.2 383 396 -3.3
Proposals 11 3 11 266.7 0.0 115 116 -0.9
Transportation and Warehousing 17 12 17 41.7 0.0 260 230 13.0
Bankruptcies 12 7 16 71.4 -25.0 163 184 -11.4
Proposals 5 5 1 0.0 400.0 97 46 110.9
Information and Cultural Industries 5 3 7 66.7 -28.6 74 60 23.3
Bankruptcies 4 2 6 100.0 -33.3 51 42 21.4
Proposals 1 1 1 0.0 0.0 23 18 27.8
Finance and Insurance 5 3 6 66.7 -16.7 82 72 13.9
Bankruptcies 3 3 5 0.0 -40.0 61 52 17.3
Proposals 2 0 1 -- 100.0 21 20 5.0
Real Estate and Rental and Leasing 11 11 6 0.0 83.3 130 150 -13.3
Bankruptcies 10 8 5 25.0 100.0 106 110 -3.6
Proposals 1 3 1 -66.7 0.0 24 40 -40.0
Professional, Scientific and Technical Services 24 25 23 -4.0 4.3 312 290 7.6
Bankruptcies 14 17 19 -17.6 -26.3 243 222 9.5
Proposals 10 8 4 25.0 150.0 69 68 1.5
Management of Companies and Enterprises 6 1 4 500.0 50.0 59 56 5.4
Bankruptcies 5 1 3 400.0 66.7 41 42 -2.4
Proposals 1 0 1 -- 0.0 18 14 28.6
Administrative and Support, Waste Management and Remediation Services 13 13 17 0.0 -23.5 209 203 3.0
Bankruptcies 11 9 15 22.2 -26.7 155 148 4.7
Proposals 2 4 2 -50.0 0.0 54 55 -1.8
Educational Services 4 2 3 100.0 33.3 37 49 -24.5
Bankruptcies 2 2 1 0.0 100.0 32 41 -22.0
Proposals 2 0 2 -- 0.0 5 8 -37.5
Health Care and Social Assistance 11 6 6 83.3 83.3 102 81 25.9
Bankruptcies 11 4 5 175.0 120.0 73 60 21.7
Proposals 0 2 1 -100.0 -100.0 29 21 38.1
Arts, Entertainment and Recreation 2 5 8 -60.0 -75.0 74 78 -5.1
Bankruptcies 0 4 7 -100.0 -100.0 52 67 -22.4
Proposals 2 1 1 100.0 100.0 22 11 100.0
Accommodation and Food Services 47 48 47 -2.1 0.0 677 642 5.5
Bankruptcies 35 40 39 -12.5 -10.3 544 465 17.0
Proposals 12 8 8 50.0 50.0 133 177 -24.9
Other Services (except Public Administration) 21 13 19 61.5 10.5 205 232 -11.6
Bankruptcies 17 12 18 41.7 -5.6 161 189 -14.8
Proposals 4 1 1 300.0 300.0 44 43 2.3
Public Administration 1 1 0 0.0 -- 3 1 200.0
Bankruptcies 1 1 0 0.0 -- 3 1 200.0
Proposals 0 0 0 -- -- 0 0 --
Total 363 260 315 39.6 15.2 4,208 4,174 0.8
Bankruptcies 272 200 250 36.0 8.8 3,108 3,109 0.0
Proposals 91 60 65 51.7 40.0 1,100 1,065 3.3
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