Insolvency Statistics in Canada—November 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
November
2015
October
2015
November
2014
Oct. 2015
to
Nov. 2015
Nov. 2014
to
Nov. 2015
11-30-2015 11-30-2014 % Change
Newfoundland and Labrador 161 191 131 -15.7 22.9 1,821 1,571 15.9
Bankruptcies 110 142 110 -22.5 0.0 1,489 1,379 8.0
Proposals 51 49 21 4.1 142.9 332 192 72.9
Prince Edward Island 81 79 55 2.5 47.3 818 740 10.5
Bankruptcies 58 51 35 13.7 65.7 522 522 0.0
Proposals 23 28 20 -17.9 15.0 296 218 35.8
Nova Scotia 456 494 375 -7.7 21.6 5,327 5,207 2.3
Bankruptcies 313 354 285 -11.6 9.8 3,730 3,718 0.3
Proposals 143 140 90 2.1 58.9 1,597 1,489 7.3
New Brunswick 346 364 356 -4.9 -2.8 4,444 4,303 3.3
Bankruptcies 221 238 247 -7.1 -10.5 2,914 3,025 -3.7
Proposals 125 126 109 -0.8 14.7 1,530 1,278 19.7
Quebec 3,793 4,061 3,724 -6.6 1.9 45,881 43,503 5.5
Bankruptcies 2,135 2,287 2,185 -6.6 -2.3 26,086 26,026 0.2
Proposals 1,658 1,774 1,539 -6.5 7.7 19,795 17,477 13.3
Ontario 3,277 3,481 3,248 -5.9 0.9 40,904 42,108 -2.9
Bankruptcies 1,493 1,554 1,531 -3.9 -2.5 18,919 20,017 -5.5
Proposals 1,784 1,927 1,717 -7.4 3.9 21,985 22,091 -0.5
Manitoba 199 187 166 6.4 19.9 2,140 1,946 10.0
Bankruptcies 104 110 117 -5.5 -11.1 1,320 1,244 6.1
Proposals 95 77 49 23.4 93.9 820 702 16.8
Saskatchewan 195 201 130 -3.0 50.0 2,267 2,018 12.3
Bankruptcies 114 108 63 5.6 81.0 1,208 1,160 4.1
Proposals 81 93 67 -12.9 20.9 1,059 858 23.4
Alberta 918 924 654 -0.6 40.4 9,780 8,312 17.7
Bankruptcies 370 387 302 -4.4 22.5 4,263 3,991 6.8
Proposals 548 537 352 2.0 55.7 5,517 4,321 27.7
British Columbia 980 933 892 5.0 9.9 11,762 11,564 1.7
Bankruptcies 482 440 478 9.5 0.8 5,907 6,582 -10.3
Proposals 498 493 414 1.0 20.3 5,855 4,982 17.5
Northwest Territories 8 5 5 60.0 60.0 49 47 4.3
Bankruptcies 5 4 1 25.0 400.0 29 25 16.0
Proposals 3 1 4 200.0 -25.0 20 22 -9.1
Yukon 1 1 2 0.0 -50.0 36 39 -7.7
Bankruptcies 1 0 0 -- -- 18 23 -21.7
Proposals 0 1 2 -100.0 -100.0 18 16 12.5
Nunavut 2 1 0 100.0 -- 6 6 0.0
Bankruptcies 1 0 0 -- -- 3 4 -25.0
Proposals 1 1 0 0.0 -- 3 2 50.0
Canada 10,417 10,922 9,738 -4.6 7.0 125,235 121,364 3.2
Bankruptcies 5,407 5,675 5,354 -4.7 1.0 66,408 67,716 -1.9
Proposals 5,010 5,247 4,384 -4.5 14.3 58,827 53,648 9.7
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
November
2015
October
2015
November
2014
Oct. 2015
to
Nov. 2015
Nov. 2014
to
Nov. 2015
11-30-2015 11-30-2014 % Change
Newfoundland and Labrador 156 190 129 -17.9 20.9 1,793 1,540 16.4
Bankruptcies 106 141 108 -24.8 -1.9 1,466 1,351 8.5
Proposals 50 49 21 2.0 138.1 327 189 73.0
Prince Edward Island 80 77 53 3.9 50.9 800 721 11.0
Bankruptcies 57 49 33 16.3 72.7 508 509 -0.2
Proposals 23 28 20 -17.9 15.0 292 212 37.7
Nova Scotia 449 490 368 -8.4 22.0 5,233 5,132 2.0
Bankruptcies 306 351 280 -12.8 9.3 3,662 3,666 -0.1
Proposals 143 139 88 2.9 62.5 1,571 1,466 7.2
New Brunswick 343 357 348 -3.9 -1.4 4,367 4,216 3.6
Bankruptcies 218 232 243 -6.0 -10.3 2,859 2,956 -3.3
Proposals 125 125 105 0.0 19.0 1,508 1,260 19.7
Quebec 3,600 3,877 3,516 -7.1 2.4 43,627 41,194 5.9
Bankruptcies 1,979 2,151 2,039 -8.0 -2.9 24,428 24,322 0.4
Proposals 1,621 1,726 1,477 -6.1 9.7 19,199 16,872 13.8
Ontario 3,188 3,402 3,156 -6.3 1.0 39,769 40,989 -3.0
Bankruptcies 1,418 1,496 1,458 -5.2 -2.7 18,046 19,154 -5.8
Proposals 1,770 1,906 1,698 -7.1 4.2 21,723 21,835 -0.5
Manitoba 197 183 160 7.7 23.1 2,103 1,887 11.4
Bankruptcies 102 107 111 -4.7 -8.1 1,295 1,193 8.5
Proposals 95 76 49 25.0 93.9 808 694 16.4
Saskatchewan 181 189 126 -4.2 43.7 2,143 1,904 12.6
Bankruptcies 102 101 60 1.0 70.0 1,119 1,091 2.6
Proposals 79 88 66 -10.2 19.7 1,024 813 26.0
Alberta 906 916 643 -1.1 40.9 9,643 8,158 18.2
Bankruptcies 362 380 292 -4.7 24.0 4,167 3,881 7.4
Proposals 544 536 351 1.5 55.0 5,476 4,277 28.0
British Columbia 948 905 877 4.8 8.1 11,531 11,318 1.9
Bankruptcies 467 423 466 10.4 0.2 5,750 6,387 -10.0
Proposals 481 482 411 -0.2 17.0 5,781 4,931 17.2
Northwest Territories 8 5 5 60.0 60.0 49 47 4.3
Bankruptcies 5 4 1 25.0 400.0 29 25 16.0
Proposals 3 1 4 200.0 -25.0 20 22 -9.1
Yukon 1 1 2 0.0 -50.0 35 39 -10.3
Bankruptcies 1 0 0 -- -- 18 23 -21.7
Proposals 0 1 2 -100.0 -100.0 17 16 6.3
Nunavut 2 1 0 100.0 -- 6 5 20.0
Bankruptcies 1 0 0 -- -- 3 3 0.0
Proposals 1 1 0 0.0 -- 3 2 50.0
Canada 10,059 10,593 9,383 -5.0 7.2 121,099 117,150 3.4
Bankruptcies 5,124 5,435 5,091 -5.7 0.6 63,350 64,561 -1.9
Proposals 4,935 5,158 4,292 -4.3 15.0 57,749 52,589 9.8
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
November
2015
October
2015
November
2014
Oct. 2015
to
Nov. 2015
Nov. 2014
to
Nov. 2015
11-30-2015 11-30-2014 % Change
Newfoundland and Labrador 5 1 2 400.0 150.0 28 31 -9.7
Bankruptcies 4 1 2 300.0 100.0 23 28 -17.9
Proposals 1 0 0 -- -- 5 3 66.7
Prince Edward Island 1 2 2 -50.0 -50.0 18 19 -5.3
Bankruptcies 1 2 2 -50.0 -50.0 14 13 7.7
Proposals 0 0 0 -- -- 4 6 -33.3
Nova Scotia 7 4 7 75.0 0.0 94 75 25.3
Bankruptcies 7 3 5 133.3 40.0 68 52 30.8
Proposals 0 1 2 -100.0 -100.0 26 23 13.0
New Brunswick 3 7 8 -57.1 -62.5 77 87 -11.5
Bankruptcies 3 6 4 -50.0 -25.0 55 69 -20.3
Proposals 0 1 4 -100.0 -100.0 22 18 22.2
Quebec 193 184 208 4.9 -7.2 2,254 2,309 -2.4
Bankruptcies 156 136 146 14.7 6.8 1,658 1,704 -2.7
Proposals 37 48 62 -22.9 -40.3 596 605 -1.5
Ontario 89 79 92 12.7 -3.3 1,135 1,119 1.4
Bankruptcies 75 58 73 29.3 2.7 873 863 1.2
Proposals 14 21 19 -33.3 -26.3 262 256 2.3
Manitoba 2 4 6 -50.0 -66.7 37 59 -37.3
Bankruptcies 2 3 6 -33.3 -66.7 25 51 -51.0
Proposals 0 1 0 -100.0 -- 12 8 50.0
Saskatchewan 14 12 4 16.7 250.0 124 114 8.8
Bankruptcies 12 7 3 71.4 300.0 89 69 29.0
Proposals 2 5 1 -60.0 100.0 35 45 -22.2
Alberta 12 8 11 50.0 9.1 137 154 -11.0
Bankruptcies 8 7 10 14.3 -20.0 96 110 -12.7
Proposals 4 1 1 300.0 300.0 41 44 -6.8
British Columbia 32 28 15 14.3 113.3 231 246 -6.1
Bankruptcies 15 17 12 -11.8 25.0 157 195 -19.5
Proposals 17 11 3 54.5 466.7 74 51 45.1
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 -- -- 0 1 -100.0
Bankruptcies 0 0 0 -- -- 0 1 -100.0
Proposals 0 0 0 -- -- 0 0 --
Canada 358 329 355 8.8 0.8 4,136 4,214 -1.9
Bankruptcies 283 240 263 17.9 7.6 3,058 3,155 -3.1
Proposals 75 89 92 -15.7 -18.5 1,078 1,059 1.8
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Sector Volume % Change 12-Month Period Ending
November
2015
October
2015
November
2014
Oct. 2015
to
Nov. 2015
Nov. 2014
to
Nov. 2015
11-30-2015 11-30-2014 % Change
Agriculture, Forestry, Fishing and Hunting 5 6 5 -16.7 0.0 85 95 -10.5
Bankruptcies 5 4 5 25.0 0.0 41 69 -40.6
Proposals 0 2 0 -100.0 -- 44 26 69.2
Mining and Oil and Gas Extraction 5 3 1 66.7 400.0 41 39 5.1
Bankruptcies 4 1 1 300.0 300.0 26 21 23.8
Proposals 1 2 0 -50.0 -- 15 18 -16.7
Utilities 1 0 0 -- -- 14 14 0.0
Bankruptcies 1 0 0 -- -- 10 11 -9.1
Proposals 0 0 0 -- -- 4 3 33.3
Construction 71 67 57 6.0 24.6 774 726 6.6
Bankruptcies 54 49 37 10.2 45.9 567 539 5.2
Proposals 17 18 20 -5.6 -15.0 207 187 10.7
Manufacturing 32 36 28 -11.1 14.3 380 391 -2.8
Bankruptcies 23 26 18 -11.5 27.8 270 273 -1.1
Proposals 9 10 10 -10.0 -10.0 110 118 -6.8
Wholesale Trade 16 14 14 14.3 14.3 217 222 -2.3
Bankruptcies 13 10 9 30.0 44.4 160 147 8.8
Proposals 3 4 5 -25.0 -40.0 57 75 -24.0
Retail Trade 42 43 42 -2.3 0.0 491 511 -3.9
Bankruptcies 33 30 32 10.0 3.1 376 393 -4.3
Proposals 9 13 10 -30.8 -10.0 115 118 -2.5
Transportation and Warehousing 21 18 19 16.7 10.5 251 243 3.3
Bankruptcies 16 14 13 14.3 23.1 157 191 -17.8
Proposals 5 4 6 25.0 -16.7 94 52 80.8
Information and Cultural Industries 7 7 10 0.0 -30.0 69 75 -8.0
Bankruptcies 5 7 7 -28.6 -28.6 51 52 -1.9
Proposals 2 0 3 -- -33.3 18 23 -21.7
Finance and Insurance 7 4 7 75.0 0.0 76 77 -1.3
Bankruptcies 6 4 7 50.0 -14.3 57 58 -1.7
Proposals 1 0 0 -- -- 19 19 0.0
Real Estate and Rental and Leasing 17 15 15 13.3 13.3 135 139 -2.9
Bankruptcies 12 12 10 0.0 20.0 110 104 5.8
Proposals 5 3 5 66.7 0.0 25 35 -28.6
Professional, Scientific and Technical Services 24 21 31 14.3 -22.6 296 299 -1.0
Bankruptcies 21 19 24 10.5 -12.5 234 234 0.0
Proposals 3 2 7 50.0 -57.1 62 65 -4.6
Management of Companies and Enterprises 5 4 6 25.0 -16.7 58 58 0.0
Bankruptcies 5 2 5 150.0 0.0 41 44 -6.8
Proposals 0 2 1 -100.0 -100.0 17 14 21.4
Administrative and Support, Waste Management and Remediation Services 21 14 17 50.0 23.5 205 217 -5.5
Bankruptcies 14 8 11 75.0 27.3 148 160 -7.5
Proposals 7 6 6 16.7 16.7 57 57 0.0
Educational Services 3 2 3 50.0 0.0 35 50 -30.0
Bankruptcies 2 1 3 100.0 -33.3 28 43 -34.9
Proposals 1 1 0 0.0 -- 7 7 0.0
Health Care and Social Assistance 6 6 10 0.0 -40.0 83 96 -13.5
Bankruptcies 5 5 7 0.0 -28.6 59 72 -18.1
Proposals 1 1 3 0.0 -66.7 24 24 0.0
Arts, Entertainment and Recreation 8 7 10 14.3 -20.0 73 86 -15.1
Bankruptcies 8 4 3 100.0 166.7 55 69 -20.3
Proposals 0 3 7 -100.0 -100.0 18 17 5.9
Accommodation and Food Services 54 42 70 28.6 -22.9 640 668 -4.2
Bankruptcies 45 29 63 55.2 -28.6 502 505 -0.6
Proposals 9 13 7 -30.8 28.6 138 163 -15.3
Other Services (except Public Administration) 13 19 10 -31.6 30.0 209 207 1.0
Bankruptcies 11 14 8 -21.4 37.5 162 169 -4.1
Proposals 2 5 2 -60.0 0.0 47 38 23.7
Public Administration 0 1 0 -100.0 -- 4 1 300.0
Bankruptcies 0 1 0 -100.0 -- 4 1 300.0
Proposals 0 0 0 -- -- 0 0 --
Total 358 329 355 8.8 0.8 4,136 4,214 -1.9
Bankruptcies 283 240 263 17.9 7.6 3,058 3,155 -3.1
Proposals 75 89 92 -15.7 -18.5 1,078 1,059 1.8
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