Insolvency Statistics in Canada—November 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
Nov. 2016 Oct. 2016 Nov. 2015 Oct. 2016
to
Nov. 2016
Nov. 2015
to
Nov. 2016
11-30-2016 11-30-2015 % Change
Newfoundland and Labrador 237 172 161 37.8 47.2 2,379 1,821 30.6
Bankruptcies 163 103 110 58.3 48.2 1,582 1,489 6.2
Proposals 74 69 51 7.2 45.1 797 332 140.1
Prince Edward Island 78 74 81 5.4 -3.7 830 818 1.5
Bankruptcies 49 48 58 2.1 -15.5 515 522 -1.3
Proposals 29 26 23 11.5 26.1 315 296 6.4
Nova Scotia 553 505 456 9.5 21.3 6,030 5,327 13.2
Bankruptcies 402 362 313 11.0 28.4 4,269 3,730 14.5
Proposals 151 143 143 5.6 5.6 1,761 1,597 10.3
New Brunswick 398 423 346 -5.9 15.0 4,481 4,444 0.8
Bankruptcies 246 266 221 -7.5 11.3 2,933 2,914 0.7
Proposals 152 157 125 -3.2 21.6 1,548 1,530 1.2
Quebec 3,860 3,793 3,793 1.8 1.8 45,385 45,881 -1.1
Bankruptcies 2,193 2,215 2,135 -1.0 2.7 26,046 26,086 -0.2
Proposals 1,667 1,578 1,658 5.6 0.5 19,339 19,795 -2.3
Ontario 3,554 3,304 3,277 7.6 8.5 41,171 40,904 0.7
Bankruptcies 1,532 1,444 1,493 6.1 2.6 18,011 18,919 -4.8
Proposals 2,022 1,860 1,784 8.7 13.3 23,160 21,985 5.3
Manitoba 224 260 199 -13.8 12.6 2,644 2,140 23.6
Bankruptcies 139 135 104 3.0 33.7 1,483 1,320 12.3
Proposals 85 125 95 -32.0 -10.5 1,161 820 41.6
Saskatchewan 267 251 195 6.4 36.9 3,034 2,267 33.8
Bankruptcies 127 119 114 6.7 11.4 1,513 1,208 25.2
Proposals 140 132 81 6.1 72.8 1,521 1,059 43.6
Alberta 1,171 1,105 918 6.0 27.6 13,177 9,780 34.7
Bankruptcies 477 462 370 3.2 28.9 5,520 4,263 29.5
Proposals 694 643 548 7.9 26.6 7,657 5,517 38.8
British Columbia 905 807 980 12.1 -7.7 11,204 11,762 -4.7
Bankruptcies 366 346 482 5.8 -24.1 4,942 5,907 -16.3
Proposals 539 461 498 16.9 8.2 6,262 5,855 7.0
Northwest Territories 5 5 8 0.0 -37.5 63 49 28.6
Bankruptcies 4 3 5 33.3 -20.0 34 29 17.2
Proposals 1 2 3 -50.0 -66.7 29 20 45.0
Yukon 2 4 1 -50.0 100.0 55 36 52.8
Bankruptcies 1 1 1 0.0 0.0 27 18 50.0
Proposals 1 3 0 -66.7 -- 28 18 55.6
Nunavut 0 2 2 -100.0 -100.0 10 6 66.7
Bankruptcies 0 0 1 -- -100.0 4 3 33.3
Proposals 0 2 1 -100.0 -100.0 6 3 100.0
Canada 11,254 10,705 10,417 5.1 8.0 130,463 125,235 4.2
Bankruptcies 5,699 5,504 5,407 3.5 5.4 66,879 66,408 0.7
Proposals 5,555 5,201 5,010 6.8 10.9 63,584 58,827 8.1
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Nov. 2016 Oct. 2016 Nov. 2015 Oct. 2016
to
Nov. 2016
Nov. 2015
to
Nov. 2016
11-30-2016 11-30-2015 % Change
Newfoundland and Labrador 230 171 156 34.5 47.4 2,352 1,793 31.2
Bankruptcies 157 102 106 53.9 48.1 1,562 1,466 6.5
Proposals 73 69 50 5.8 46.0 790 327 141.6
Prince Edward Island 78 74 80 5.4 -2.5 818 800 2.3
Bankruptcies 49 48 57 2.1 -14.0 508 508 0.0
Proposals 29 26 23 11.5 26.1 310 292 6.2
Nova Scotia 548 498 449 10.0 22.0 5,955 5,233 13.8
Bankruptcies 397 358 306 10.9 29.7 4,204 3,662 14.8
Proposals 151 140 143 7.9 5.6 1,751 1,571 11.5
New Brunswick 394 418 343 -5.7 14.9 4,415 4,367 1.1
Bankruptcies 242 262 218 -7.6 11.0 2,880 2,859 0.7
Proposals 152 156 125 -2.6 21.6 1,535 1,508 1.8
Quebec 3,658 3,631 3,600 0.7 1.6 43,146 43,627 -1.1
Bankruptcies 2,049 2,093 1,979 -2.1 3.5 24,365 24,428 -0.3
Proposals 1,609 1,538 1,621 4.6 -0.7 18,781 19,199 -2.2
Ontario 3,487 3,216 3,188 8.4 9.4 40,214 39,769 1.1
Bankruptcies 1,490 1,380 1,418 8.0 5.1 17,308 18,046 -4.1
Proposals 1,997 1,836 1,770 8.8 12.8 22,906 21,723 5.4
Manitoba 220 259 197 -15.1 11.7 2,596 2,103 23.4
Bankruptcies 137 134 102 2.2 34.3 1,449 1,295 11.9
Proposals 83 125 95 -33.6 -12.6 1,147 808 42.0
Saskatchewan 258 243 181 6.2 42.5 2,923 2,143 36.4
Bankruptcies 121 112 102 8.0 18.6 1,427 1,119 27.5
Proposals 137 131 79 4.6 73.4 1,496 1,024 46.1
Alberta 1,145 1,081 906 5.9 26.4 13,013 9,643 34.9
Bankruptcies 465 440 362 5.7 28.5 5,401 4,167 29.6
Proposals 680 641 544 6.1 25.0 7,612 5,476 39.0
British Columbia 895 796 948 12.4 -5.6 11,014 11,531 -4.5
Bankruptcies 358 340 467 5.3 -23.3 4,798 5,750 -16.6
Proposals 537 456 481 17.8 11.6 6,216 5,781 7.5
Northwest Territories 5 5 8 0.0 -37.5 63 49 28.6
Bankruptcies 4 3 5 33.3 -20.0 34 29 17.2
Proposals 1 2 3 -50.0 -66.7 29 20 45.0
Yukon 2 4 1 -50.0 100.0 55 35 57.1
Bankruptcies 1 1 1 0.0 0.0 27 18 50.0
Proposals 1 3 0 -66.7 -- 28 17 64.7
Nunavut 0 2 2 -100.0 -100.0 9 6 50.0
Bankruptcies 0 0 1 -- -100.0 3 3 0.0
Proposals 0 2 1 -100.0 -100.0 6 3 100.0
Canada 10,920 10,398 10,059 5.0 8.6 126,573 121,099 4.5
Bankruptcies 5,470 5,273 5,124 3.7 6.8 63,966 63,350 1.0
Proposals 5,450 5,125 4,935 6.3 10.4 62,607 57,749 8.4
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Nov. 2016 Oct. 2016 Nov. 2015 Oct. 2016
to
Nov. 2016
Nov. 2015
to
Nov. 2016
11-30-2016 11-30-2015 % Change
Newfoundland and Labrador 7 1 5 600.0 40.0 27 28 -3.6
Bankruptcies 6 1 4 500.0 50.0 20 23 -13.0
Proposals 1 0 1 -- 0.0 7 5 40.0
Prince Edward Island 0 0 1 -- -100.0 12 18 -33.3
Bankruptcies 0 0 1 -- -100.0 7 14 -50.0
Proposals 0 0 0 -- -- 5 4 25.0
Nova Scotia 5 7 7 -28.6 -28.6 75 94 -20.2
Bankruptcies 5 4 7 25.0 -28.6 65 68 -4.4
Proposals 0 3 0 -100.0 -- 10 26 -61.5
New Brunswick 4 5 3 -20.0 33.3 66 77 -14.3
Bankruptcies 4 4 3 0.0 33.3 53 55 -3.6
Proposals 0 1 0 -100.0 -- 13 22 -40.9
Quebec 202 162 193 24.7 4.7 2,239 2,254 -0.7
Bankruptcies 144 122 156 18.0 -7.7 1,681 1,658 1.4
Proposals 58 40 37 45.0 56.8 558 596 -6.4
Ontario 67 88 89 -23.9 -24.7 957 1,135 -15.7
Bankruptcies 42 64 75 -34.4 -44.0 703 873 -19.5
Proposals 25 24 14 4.2 78.6 254 262 -3.1
Manitoba 4 1 2 300.0 100.0 48 37 29.7
Bankruptcies 2 1 2 100.0 0.0 34 25 36.0
Proposals 2 0 0 -- -- 14 12 16.7
Saskatchewan 9 8 14 12.5 -35.7 111 124 -10.5
Bankruptcies 6 7 12 -14.3 -50.0 86 89 -3.4
Proposals 3 1 2 200.0 50.0 25 35 -28.6
Alberta 26 24 12 8.3 116.7 164 137 19.7
Bankruptcies 12 22 8 -45.5 50.0 119 96 24.0
Proposals 14 2 4 600.0 250.0 45 41 9.8
British Columbia 10 11 32 -9.1 -68.8 190 231 -17.7
Bankruptcies 8 6 15 33.3 -46.7 144 157 -8.3
Proposals 2 5 17 -60.0 -88.2 46 74 -37.8
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 0 --
Bankruptcies 0 0 0 -- -- 1 0 --
Proposals 0 0 0 -- -- 0 0 --
Canada 334 307 358 8.8 -6.7 3,890 4,136 -5.9
Bankruptcies 229 231 283 -0.9 -19.1 2,913 3,058 -4.7
Proposals 105 76 75 38.2 40.0 977 1,078 -9.4
Table 4: Insolvencies by NAICS Economic Sectors, Canada
sector Volume % Change 12-Month Period Ending
Nov. 2016 Oct. 2016 Nov. 2015 Oct. 2016
to
Nov. 2016
Nov. 2015
to
Nov. 2016
11-30-2016 11-30-2015 % Change
Agriculture, Forestry, Fishing and Hunting 11 12 5 -8.3 120.0 81 85 -4.7
Bankruptcies 7 8 5 -12.5 40.0 57 41 39.0
Proposals 4 4 0 0.0 -- 24 44 -45.5
Mining and Oil and Gas Extraction 6 11 5 -45.5 20.0 63 41 53.7
Bankruptcies 4 10 4 -60.0 0.0 43 26 65.4
Proposals 2 1 1 100.0 100.0 20 15 33.3
Utilities 1 0 1 -- 0.0 7 14 -50.0
Bankruptcies 1 0 1 -- 0.0 2 10 -80.0
Proposals 0 0 0 -- -- 5 4 25.0
Construction 54 60 71 -10.0 -23.9 709 774 -8.4
Bankruptcies 35 44 54 -20.5 -35.2 522 567 -7.9
Proposals 19 16 17 18.8 11.8 187 207 -9.7
Manufacturing 29 27 32 7.4 -9.4 315 380 -17.1
Bankruptcies 17 17 23 0.0 -26.1 228 270 -15.6
Proposals 12 10 9 20.0 33.3 87 110 -20.9
Wholesale Trade 18 18 16 0.0 12.5 184 217 -15.2
Bankruptcies 13 15 13 -13.3 0.0 145 160 -9.4
Proposals 5 3 3 66.7 66.7 39 57 -31.6
Retail Trade 37 21 42 76.2 -11.9 466 491 -5.1
Bankruptcies 17 17 33 0.0 -48.5 336 376 -10.6
Proposals 20 4 9 400.0 122.2 130 115 13.0
Transportation and Warehousing 19 19 21 0.0 -9.5 214 251 -14.7
Bankruptcies 13 14 16 -7.1 -18.8 166 157 5.7
Proposals 6 5 5 20.0 20.0 48 94 -48.9
Information and Cultural Industries 9 4 7 125.0 28.6 68 69 -1.4
Bankruptcies 5 2 5 150.0 0.0 57 51 11.8
Proposals 4 2 2 100.0 100.0 11 18 -38.9
Finance and Insurance 4 4 7 0.0 -42.9 67 76 -11.8
Bankruptcies 4 4 6 0.0 -33.3 55 57 -3.5
Proposals 0 0 1 -- -100.0 12 19 -36.8
Real Estate and Rental and Leasing 20 7 17 185.7 17.6 159 135 17.8
Bankruptcies 13 4 12 225.0 8.3 105 110 -4.5
Proposals 7 3 5 133.3 40.0 54 25 116.0
Professional, Scientific and Technical Services 33 19 24 73.7 37.5 293 296 -1.0
Bankruptcies 25 14 21 78.6 19.0 220 234 -6.0
Proposals 8 5 3 60.0 166.7 73 62 17.7
Management of Companies and Enterprises 7 8 5 -12.5 40.0 75 58 29.3
Bankruptcies 3 6 5 -50.0 -40.0 51 41 24.4
Proposals 4 2 0 100.0 -- 24 17 41.2
Administrative and Support, Waste Management and Remediation Services 15 17 21 -11.8 -28.6 186 205 -9.3
Bankruptcies 11 16 14 -31.3 -21.4 139 148 -6.1
Proposals 4 1 7 300.0 -42.9 47 57 -17.5
Educational Services 4 3 3 33.3 33.3 36 35 2.9
Bankruptcies 2 3 2 -33.3 0.0 23 28 -17.9
Proposals 2 0 1 -- 100.0 13 7 85.7
Health Care and Social Assistance 6 8 6 -25.0 0.0 69 83 -16.9
Bankruptcies 6 4 5 50.0 20.0 50 59 -15.3
Proposals 0 4 1 -100.0 -100.0 19 24 -20.8
Arts, Entertainment and Recreation 5 9 8 -44.4 -37.5 78 73 6.8
Bankruptcies 4 5 8 -20.0 -50.0 61 55 10.9
Proposals 1 4 0 -75.0 -- 17 18 -5.6
Accommodation and Food Services 43 47 54 -8.5 -20.4 646 640 0.9
Bankruptcies 39 37 45 5.4 -13.3 507 502 1.0
Proposals 4 10 9 -60.0 -55.6 139 138 0.7
Other Services (except Public Administration) 13 12 13 8.3 0.0 170 209 -18.7
Bankruptcies 10 11 11 -9.1 -9.1 143 162 -11.7
Proposals 3 1 2 200.0 50.0 27 47 -42.6
Public Administration 0 1 0 -100.0 -- 4 4 0.0
Bankruptcies 0 0 0 -- -- 3 4 -25.0
Proposals 0 1 0 -100.0 -- 1 0 --
Total 334 307 358 8.8 -6.7 3,890 4,136 -5.9
Bankruptcies 229 231 283 -0.9 -19.1 2,913 3,058 -4.7
Proposals 105 76 75 38.2 40.0 977 1,078 -9.4
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