Insolvency Statistics in Canada—September 2016

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
Sept. 2016 August 2016 Sept. 2015 August 2016
to
Sept. 2016
Sept. 2015
to
Sept. 2016
09-30-2016 09-30-2015 % Change
Newfoundland and Labrador 208 213 156 -2.3 33.3 2,322 1,751 32.6
Bankruptcies 122 134 137 -9.0 -10.9 1,568 1,475 6.3
Proposals 86 79 19 8.9 352.6 754 276 173.2
Prince Edward Island 77 68 53 13.2 45.3 838 770 8.8
Bankruptcies 49 50 32 -2.0 53.1 527 492 7.1
Proposals 28 18 21 55.6 33.3 311 278 11.9
Nova Scotia 553 533 474 3.8 16.7 5,922 5,263 12.5
Bankruptcies 360 363 332 -0.8 8.4 4,172 3,720 12.2
Proposals 193 170 142 13.5 35.9 1,750 1,543 13.4
New Brunswick 384 410 411 -6.3 -6.6 4,370 4,484 -2.5
Bankruptcies 244 255 270 -4.3 -9.6 2,880 2,987 -3.6
Proposals 140 155 141 -9.7 -0.7 1,490 1,497 -0.5
Quebec 3,915 3,546 3,915 10.4 0.0 45,586 45,961 -0.8
Bankruptcies 2,250 2,044 2,324 10.1 -3.2 26,060 26,339 -1.1
Proposals 1,665 1,502 1,591 10.9 4.7 19,526 19,622 -0.5
Ontario 3,326 3,277 3,329 1.5 -0.1 41,071 41,170 -0.2
Bankruptcies 1,493 1,378 1,515 8.3 -1.5 18,082 19,168 -5.7
Proposals 1,833 1,899 1,814 -3.5 1.0 22,989 22,002 4.5
Manitoba 242 208 176 16.3 37.5 2,546 2,085 22.1
Bankruptcies 124 127 101 -2.4 22.8 1,423 1,314 8.3
Proposals 118 81 75 45.7 57.3 1,123 771 45.7
Saskatchewan 267 282 198 -5.3 34.8 2,912 2,184 33.3
Bankruptcies 114 138 100 -17.4 14.0 1,489 1,156 28.8
Proposals 153 144 98 6.3 56.1 1,423 1,028 38.4
Alberta 1,142 1,099 922 3.9 23.9 12,743 9,319 36.7
Bankruptcies 468 449 390 4.2 20.0 5,338 4,161 28.3
Proposals 674 650 532 3.7 26.7 7,405 5,158 43.6
British Columbia 896 829 983 8.1 -8.9 11,405 11,763 -3.0
Bankruptcies 359 352 480 2.0 -25.2 5,152 5,971 -13.7
Proposals 537 477 503 12.6 6.8 6,253 5,792 8.0
Northwest Territories 8 8 4 0.0 100.0 66 45 46.7
Bankruptcies 5 2 3 150.0 66.7 36 25 44.0
Proposals 3 6 1 -50.0 200.0 30 20 50.0
Yukon 4 6 4 -33.3 0.0 51 39 30.8
Bankruptcies 3 1 3 200.0 0.0 26 18 44.4
Proposals 1 5 1 -80.0 0.0 25 21 19.0
Nunavut 1 0 0 -- -- 11 5 120.0
Bankruptcies 1 0 0 -- -- 5 4 25.0
Proposals 0 0 0 -- -- 6 1 500.0
Canada 11,023 10,479 10,625 5.2 3.7 129,843 124,839 4.0
Bankruptcies 5,592 5,293 5,687 5.6 -1.7 66,758 66,830 -0.1
Proposals 5,431 5,186 4,938 4.7 10.0 63,085 58,009 8.8
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Sept. 2016 August 2016 Sept. 2015 August 2016
to
Sept. 2016
Sept. 2015
to
Sept. 2016
09-30-2016 09-30-2015 % Change
Newfoundland and Labrador 205 211 151 -2.8 35.8 2,297 1,719 33.6
Bankruptcies 120 132 133 -9.1 -9.8 1,550 1,447 7.1
Proposals 85 79 18 7.6 372.2 747 272 174.6
Prince Edward Island 75 68 52 10.3 44.2 823 753 9.3
Bankruptcies 47 50 31 -6.0 51.6 517 479 7.9
Proposals 28 18 21 55.6 33.3 306 274 11.7
Nova Scotia 550 525 462 4.8 19.0 5,848 5,169 13.1
Bankruptcies 357 356 323 0.3 10.5 4,106 3,653 12.4
Proposals 193 169 139 14.2 38.8 1,742 1,516 14.9
New Brunswick 380 407 401 -6.6 -5.2 4,303 4,399 -2.2
Bankruptcies 240 252 263 -4.8 -8.7 2,826 2,928 -3.5
Proposals 140 155 138 -9.7 1.4 1,477 1,471 0.4
Quebec 3,748 3,373 3,733 11.1 0.4 43,334 43,650 -0.7
Bankruptcies 2,134 1,916 2,193 11.4 -2.7 24,353 24,663 -1.3
Proposals 1,614 1,457 1,540 10.8 4.8 18,981 18,987 0.0
Ontario 3,244 3,210 3,234 1.1 0.3 40,101 39,991 0.3
Bankruptcies 1,424 1,329 1,438 7.1 -1.0 17,352 18,261 -5.0
Proposals 1,820 1,881 1,796 -3.2 1.3 22,749 21,730 4.7
Manitoba 238 205 173 16.1 37.6 2,497 2,045 22.1
Bankruptcies 121 124 99 -2.4 22.2 1,387 1,286 7.9
Proposals 117 81 74 44.4 58.1 1,110 759 46.2
Saskatchewan 261 273 178 -4.4 46.6 2,792 2,076 34.5
Bankruptcies 109 129 87 -15.5 25.3 1,397 1,079 29.5
Proposals 152 144 91 5.6 67.0 1,395 997 39.9
Alberta 1,131 1,086 910 4.1 24.3 12,609 9,175 37.4
Bankruptcies 458 439 381 4.3 20.2 5,238 4,056 29.1
Proposals 673 647 529 4.0 27.2 7,371 5,119 44.0
British Columbia 884 812 960 8.9 -7.9 11,176 11,567 -3.4
Bankruptcies 349 342 461 2.0 -24.3 4,990 5,824 -14.3
Proposals 535 470 499 13.8 7.2 6,186 5,743 7.7
Northwest Territories 8 8 4 0.0 100.0 66 45 46.7
Bankruptcies 5 2 3 150.0 66.7 36 25 44.0
Proposals 3 6 1 -50.0 200.0 30 20 50.0
Yukon 4 6 4 -33.3 0.0 51 38 34.2
Bankruptcies 3 1 3 200.0 0.0 26 18 44.4
Proposals 1 5 1 -80.0 0.0 25 20 25.0
Nunavut 1 0 0 -- -- 10 4 150.0
Bankruptcies 1 0 0 -- -- 4 3 33.3
Proposals 0 0 0 -- -- 6 1 500.0
Canada 10,729 10,184 10,262 5.4 4.6 125,907 120,631 4.4
Bankruptcies 5,368 5,072 5,415 5.8 -0.9 63,782 63,722 0.1
Proposals 5,361 5,112 4,847 4.9 10.6 62,125 56,909 9.2
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Sept. 2016 August 2016 Sept. 2015 August 2016
to
Sept. 2016
Sept. 2015
to
Sept. 2016
09-30-2016 09-30-2015 % Change
Newfoundland and Labrador 3 2 5 50.0 -40.0 25 32 -21.9
Bankruptcies 2 2 4 0.0 -50.0 18 28 -35.7
Proposals 1 0 1 -- 0.0 7 4 75.0
Prince Edward Island 2 0 1 -- 100.0 15 17 -11.8
Bankruptcies 2 0 1 -- 100.0 10 13 -23.1
Proposals 0 0 0 -- -- 5 4 25.0
Nova Scotia 3 8 12 -62.5 -75.0 74 94 -21.3
Bankruptcies 3 7 9 -57.1 -66.7 66 67 -1.5
Proposals 0 1 3 -100.0 -100.0 8 27 -70.4
New Brunswick 4 3 10 33.3 -60.0 67 85 -21.2
Bankruptcies 4 3 7 33.3 -42.9 54 59 -8.5
Proposals 0 0 3 -- -100.0 13 26 -50.0
Quebec 167 173 182 -3.5 -8.2 2,252 2,311 -2.6
Bankruptcies 116 128 131 -9.4 -11.5 1,707 1,676 1.8
Proposals 51 45 51 13.3 0.0 545 635 -14.2
Ontario 82 67 95 22.4 -13.7 970 1,179 -17.7
Bankruptcies 69 49 77 40.8 -10.4 730 907 -19.5
Proposals 13 18 18 -27.8 -27.8 240 272 -11.8
Manitoba 4 3 3 33.3 33.3 49 40 22.5
Bankruptcies 3 3 2 0.0 50.0 36 28 28.6
Proposals 1 0 1 -- 0.0 13 12 8.3
Saskatchewan 6 9 20 -33.3 -70.0 120 108 11.1
Bankruptcies 5 9 13 -44.4 -61.5 92 77 19.5
Proposals 1 0 7 -- -85.7 28 31 -9.7
Alberta 11 13 12 -15.4 -8.3 134 144 -6.9
Bankruptcies 10 10 9 0.0 11.1 100 105 -4.8
Proposals 1 3 3 -66.7 -66.7 34 39 -12.8
British Columbia 12 17 23 -29.4 -47.8 229 196 16.8
Bankruptcies 10 10 19 0.0 -47.4 162 147 10.2
Proposals 2 7 4 -71.4 -50.0 67 49 36.7
Northwest Territories 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Yukon 0 0 0 -- -- 0 1 -100.0
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 1 -100.0
Nunavut 0 0 0 -- -- 1 1 0.0
Bankruptcies 0 0 0 -- -- 1 1 0.0
Proposals 0 0 0 -- -- 0 0 --
Canada 294 295 363 -0.3 -19.0 3,936 4,208 -6.5
Bankruptcies 224 221 272 1.4 -17.6 2,976 3,108 -4.2
Proposals 70 74 91 -5.4 -23.1 960 1,100 -12.7
Table 4: Insolvencies by NAICS Economic Sectors, Canada
sector Volume % Change 12-Month Period Ending
Sept. 2016 August 2016 Sept. 2015 August 2016
to
Sept. 2016
Sept. 2015
to
Sept. 2016
09-30-2016 09-30-2015 % Change
Agriculture, Forestry, Fishing and Hunting 6 2 13 200.0 -53.8 69 86 -19.8
Bankruptcies 3 1 5 200.0 -40.0 51 43 18.6
Proposals 3 1 8 200.0 -62.5 18 43 -58.1
Mining and Oil and Gas Extraction 3 7 5 -57.1 -40.0 54 37 45.9
Bankruptcies 2 1 5 100.0 -60.0 34 24 41.7
Proposals 1 6 0 -83.3 -- 20 13 53.8
Utilities 1 0 2 -- -50.0 7 13 -46.2
Bankruptcies 1 0 2 -- -50.0 2 9 -77.8
Proposals 0 0 0 -- -- 5 4 25.0
Construction 61 54 79 13.0 -22.8 733 752 -2.5
Bankruptcies 44 36 57 22.2 -22.8 546 544 0.4
Proposals 17 18 22 -5.6 -22.7 187 208 -10.1
Manufacturing 19 22 34 -13.6 -44.1 327 380 -13.9
Bankruptcies 16 17 29 -5.9 -44.8 243 263 -7.6
Proposals 3 5 5 -40.0 -40.0 84 117 -28.2
Wholesale Trade 14 15 13 -6.7 7.7 178 218 -18.3
Bankruptcies 12 12 10 0.0 20.0 140 157 -10.8
Proposals 2 3 3 -33.3 -33.3 38 61 -37.7
Retail Trade 29 30 50 -3.3 -42.0 493 498 -1.0
Bankruptcies 22 25 39 -12.0 -43.6 365 383 -4.7
Proposals 7 5 11 40.0 -36.4 128 115 11.3
Transportation and Warehousing 17 14 17 21.4 0.0 215 260 -17.3
Bankruptcies 13 11 12 18.2 8.3 169 163 3.7
Proposals 4 3 5 33.3 -20.0 46 97 -52.6
Information and Cultural Industries 5 3 5 66.7 0.0 69 74 -6.8
Bankruptcies 5 3 4 66.7 25.0 62 51 21.6
Proposals 0 0 1 -- -100.0 7 23 -69.6
Finance and Insurance 6 6 5 0.0 20.0 70 82 -14.6
Bankruptcies 6 6 3 0.0 100.0 57 61 -6.6
Proposals 0 0 2 -- -100.0 13 21 -38.1
Real Estate and Rental and Leasing 15 15 11 0.0 36.4 164 130 26.2
Bankruptcies 9 13 10 -30.8 -10.0 112 106 5.7
Proposals 6 2 1 200.0 500.0 52 24 116.7
Professional, Scientific and Technical Services 20 17 24 17.6 -16.7 286 312 -8.3
Bankruptcies 16 12 14 33.3 14.3 221 243 -9.1
Proposals 4 5 10 -20.0 -60.0 65 69 -5.8
Management of Companies and Enterprises 9 7 6 28.6 50.0 69 59 16.9
Bankruptcies 4 3 5 33.3 -20.0 49 41 19.5
Proposals 5 4 1 25.0 400.0 20 18 11.1
Administrative and Support, Waste Management and Remediation Services 14 17 13 -17.6 7.7 189 209 -9.6
Bankruptcies 11 12 11 -8.3 0.0 134 155 -13.5
Proposals 3 5 2 -40.0 50.0 55 54 1.9
Educational Services 2 4 4 -50.0 -50.0 34 37 -8.1
Bankruptcies 1 2 2 -50.0 -50.0 21 32 -34.4
Proposals 1 2 2 -50.0 -50.0 13 5 160.0
Health Care and Social Assistance 6 6 11 0.0 -45.5 67 102 -34.3
Bankruptcies 4 6 11 -33.3 -63.6 50 73 -31.5
Proposals 2 0 0 -- -- 17 29 -41.4
Arts, Entertainment and Recreation 4 6 2 -33.3 100.0 79 74 6.8
Bankruptcies 3 4 0 -25.0 -- 64 52 23.1
Proposals 1 2 2 -50.0 -50.0 15 22 -31.8
Accommodation and Food Services 51 53 47 -3.8 8.5 652 677 -3.7
Bankruptcies 41 42 35 -2.4 17.1 505 544 -7.2
Proposals 10 11 12 -9.1 -16.7 147 133 10.5
Other Services (except Public Administration) 12 16 21 -25.0 -42.9 177 205 -13.7
Bankruptcies 11 14 17 -21.4 -35.3 147 161 -8.7
Proposals 1 2 4 -50.0 -75.0 30 44 -31.8
Public Administration 0 1 1 -100.0 -100.0 4 3 33.3
Bankruptcies 0 1 1 -100.0 -100.0 4 3 33.3
Proposals 0 0 0 -- -- 0 0 --
Total 294 295 363 -0.3 -19.0 3,936 4,208 -6.5
Bankruptcies 224 221 272 1.4 -17.6 2,976 3,108 -4.2
Proposals 70 74 91 -5.4 -23.1 960 1,100 -12.7
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