Insolvency Statistics in Canada—April 2017

PDF Version

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

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.
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.
Consumer:
An individual with more than 50 percent of total liabilities related to consumer goods and services.
NAICS:
North American Industry Classification System.
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.
Table 1: Total Insolvencies
Province Volume % Change 12-Month Period Ending
April 2017 March 2017 April 2016 Mar. 2017
to
Apr. 2017
Apr. 2016
to
Apr. 2017
04-30-2017 04-30-2016 % Change
Newfoundland and Labrador 222 233 216 -4.7 2.8 2,488 2,035 22.3
Bankruptcies 134 136 135 -1.5 -0.7 1,545 1,535 0.7
Proposals 88 97 81 -9.3 8.6 943 500 88.6
Prince Edward Island 57 78 71 -26.9 -19.7 779 829 -6.0
Bankruptcies 38 45 52 -15.6 -26.9 463 536 -13.6
Proposals 19 33 19 -42.4 0.0 316 293 7.8
Nova Scotia 531 582 527 -8.8 0.8 6,112 5,424 12.7
Bankruptcies 387 379 382 2.1 1.3 4,230 3,832 10.4
Proposals 144 203 145 -29.1 -0.7 1,882 1,592 18.2
New Brunswick 387 428 418 -9.6 -7.4 4,488 4,452 0.8
Bankruptcies 250 261 289 -4.2 -13.5 2,827 2,926 -3.4
Proposals 137 167 129 -18.0 6.2 1,661 1,526 8.8
Quebec 3,582 4,180 4,249 -14.3 -15.7 44,250 45,591 -2.9
Bankruptcies 2,069 2,264 2,526 -8.6 -18.1 25,115 26,249 -4.3
Proposals 1,513 1,916 1,723 -21.0 -12.2 19,135 19,342 -1.1
Ontario 3,315 3,792 3,755 -12.6 -11.7 39,834 40,959 -2.7
Bankruptcies 1,410 1,601 1,678 -11.9 -16.0 16,979 18,430 -7.9
Proposals 1,905 2,191 2,077 -13.1 -8.3 22,855 22,529 1.4
Manitoba 187 261 243 -28.4 -23.0 2,635 2,329 13.1
Bankruptcies 104 126 146 -17.5 -28.8 1,428 1,349 5.9
Proposals 83 135 97 -38.5 -14.4 1,207 980 23.2
Saskatchewan 282 272 274 3.7 2.9 3,164 2,551 24.0
Bankruptcies 131 118 162 11.0 -19.1 1,473 1,366 7.8
Proposals 151 154 112 -1.9 34.8 1,691 1,185 42.7
Alberta 1,043 1,290 1,178 -19.1 -11.5 13,359 11,321 18.0
Bankruptcies 421 514 506 -18.1 -16.8 5,402 4,897 10.3
Proposals 622 776 672 -19.8 -7.4 7,957 6,424 23.9
British Columbia 780 1,025 972 -23.9 -19.8 10,494 11,784 -10.9
Bankruptcies 366 461 438 -20.6 -16.4 4,592 5,576 -17.6
Proposals 414 564 534 -26.6 -22.5 5,902 6,208 -4.9
Northwest Territories 5 3 6 66.7 -16.7 60 58 3.4
Bankruptcies 4 1 5 300.0 -20.0 32 33 -3.0
Proposals 1 2 1 -50.0 0.0 28 25 12.0
Yukon 3 5 5 -40.0 -40.0 46 43 7.0
Bankruptcies 3 2 4 50.0 -25.0 22 22 0.0
Proposals 0 3 1 -100.0 -100.0 24 21 14.3
Nunavut 0 0 1 -- -100.0 4 10 -60.0
Bankruptcies 0 0 1 -- -100.0 1 5 -80.0
Proposals 0 0 0 -- -- 3 5 -40.0
Canada 10,394 12,149 11,915 -14.4 -12.8 127,713 127,386 0.3
Bankruptcies 5,317 5,908 6,324 -10.0 -15.9 64,109 66,756 -4.0
Proposals 5,077 6,241 5,591 -18.7 -9.2 63,604 60,630 4.9
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
April 2017 March 2017 April 2016 Mar. 2017
to
Apr. 2017
Apr. 2016
to
Apr. 2017
04-30-2017 04-30-2016 % Change
Newfoundland and Labrador 218 226 214 -3.5 1.9 2,453 2,009 22.1
Bankruptcies 130 134 133 -3.0 -2.3 1,520 1,515 0.3
Proposals 88 92 81 -4.3 8.6 933 494 88.9
Prince Edward Island 57 74 67 -23.0 -14.9 765 815 -6.1
Bankruptcies 38 41 50 -7.3 -24.0 453 526 -13.9
Proposals 19 33 17 -42.4 11.8 312 289 8.0
Nova Scotia 529 577 519 -8.3 1.9 6,047 5,338 13.3
Bankruptcies 385 374 376 2.9 2.4 4,175 3,760 11.0
Proposals 144 203 143 -29.1 0.7 1,872 1,578 18.6
New Brunswick 379 423 413 -10.4 -8.2 4,435 4,377 1.3
Bankruptcies 243 256 286 -5.1 -15.0 2,782 2,866 -2.9
Proposals 136 167 127 -18.6 7.1 1,653 1,511 9.4
Quebec 3,411 3,963 4,047 -13.9 -15.7 42,168 43,354 -2.7
Bankruptcies 1,936 2,099 2,376 -7.8 -18.5 23,567 24,540 -4.0
Proposals 1,475 1,864 1,671 -20.9 -11.7 18,601 18,814 -1.1
Ontario 3,239 3,708 3,657 -12.6 -11.4 38,917 39,923 -2.5
Bankruptcies 1,353 1,540 1,624 -12.1 -16.7 16,296 17,651 -7.7
Proposals 1,886 2,168 2,033 -13.0 -7.2 22,621 22,272 1.6
Manitoba 185 255 237 -27.5 -21.9 2,584 2,285 13.1
Bankruptcies 102 120 140 -15.0 -27.1 1,391 1,318 5.5
Proposals 83 135 97 -38.5 -14.4 1,193 967 23.4
Saskatchewan 270 259 263 4.2 2.7 3,052 2,415 26.4
Bankruptcies 121 113 156 7.1 -22.4 1,388 1,267 9.6
Proposals 149 146 107 2.1 39.3 1,664 1,148 44.9
Alberta 1,024 1,277 1,172 -19.8 -12.6 13,180 11,188 17.8
Bankruptcies 407 504 500 -19.2 -18.6 5,267 4,803 9.7
Proposals 617 773 672 -20.2 -8.2 7,913 6,385 23.9
British Columbia 769 1,010 960 -23.9 -19.9 10,304 11,553 -10.8
Bankruptcies 356 448 427 -20.5 -16.6 4,440 5,410 -17.9
Proposals 413 562 533 -26.5 -22.5 5,864 6,143 -4.5
Northwest Territories 5 3 6 66.7 -16.7 60 58 3.4
Bankruptcies 4 1 5 300.0 -20.0 32 33 -3.0
Proposals 1 2 1 -50.0 0.0 28 25 12.0
Yukon 3 5 5 -40.0 -40.0 46 43 7.0
Bankruptcies 3 2 4 50.0 -25.0 22 22 0.0
Proposals 0 3 1 -100.0 -100.0 24 21 14.3
Nunavut 0 0 0 -- -- 4 9 -55.6
Bankruptcies 0 0 0 -- -- 1 4 -75.0
Proposals 0 0 0 -- -- 3 5 -40.0
Canada 10,089 11,780 11,560 -14.4 -12.7 124,015 123,367 0.5
Bankruptcies 5,078 5,632 6,077 -9.8 -16.4 61,334 63,715 -3.7
Proposals 5,011 6,148 5,483 -18.5 -8.6 62,681 59,652 5.1
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
April 2017 March 2017 April 2016 Mar. 2017
to
Apr. 2017
Apr. 2016
to
Apr. 2017
04-30-2017 04-30-2016 % Change
Newfoundland and Labrador 4 7 2 -42.9 100.0 35 26 34.6
Bankruptcies 4 2 2 100.0 100.0 25 20 25.0
Proposals 0 5 0 -100.0 -- 10 6 66.7
Prince Edward Island 0 4 4 -100.0 -100.0 14 14 0.0
Bankruptcies 0 4 2 -100.0 -100.0 10 10 0.0
Proposals 0 0 2 -- -100.0 4 4 0.0
Nova Scotia 2 5 8 -60.0 -75.0 65 86 -24.4
Bankruptcies 2 5 6 -60.0 -66.7 55 72 -23.6
Proposals 0 0 2 -- -100.0 10 14 -28.6
New Brunswick 8 5 5 60.0 60.0 53 75 -29.3
Bankruptcies 7 5 3 40.0 133.3 45 60 -25.0
Proposals 1 0 2 -- -50.0 8 15 -46.7
Quebec 171 217 202 -21.2 -15.3 2,082 2,237 -6.9
Bankruptcies 133 165 150 -19.4 -11.3 1,548 1,709 -9.4
Proposals 38 52 52 -26.9 -26.9 534 528 1.1
Ontario 76 84 98 -9.5 -22.4 917 1,036 -11.5
Bankruptcies 57 61 54 -6.6 5.6 683 779 -12.3
Proposals 19 23 44 -17.4 -56.8 234 257 -8.9
Manitoba 2 6 6 -66.7 -66.7 51 44 15.9
Bankruptcies 2 6 6 -66.7 -66.7 37 31 19.4
Proposals 0 0 0 -- -- 14 13 7.7
Saskatchewan 12 13 11 -7.7 9.1 112 136 -17.6
Bankruptcies 10 5 6 100.0 66.7 85 99 -14.1
Proposals 2 8 5 -75.0 -60.0 27 37 -27.0
Alberta 19 13 6 46.2 216.7 179 133 34.6
Bankruptcies 14 10 6 40.0 133.3 135 94 43.6
Proposals 5 3 0 66.7 -- 44 39 12.8
British Columbia 11 15 12 -26.7 -8.3 190 231 -17.7
Bankruptcies 10 13 11 -23.1 -9.1 152 166 -8.4
Proposals 1 2 1 -50.0 0.0 38 65 -41.5
Northwest Territoires 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Yukon 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Nunavut 0 0 1 -- -100.0 0 1 -100.0
Bankruptcies 0 0 1 -- -100.0 0 1 -100.0
Proposals 0 0 0 -- -- 0 0 --
Canada 305 369 355 -17.3 -14.1 3,698 4,019 -8.0
Bankruptcies 239 276 247 -13.4 -3.2 2,775 3,041 -8.7
Proposals 66 93 108 -29.0 -38.9 923 978 -5.6
Table 4: Insolvencies by NAICS Economic Sectors, Canada
sector Volume % Change 12-Month Period Ending
April 2017 March 2017 April 2016 Mar. 2017
to
Apr. 2017
Apr. 2016
to
Apr. 2017
04-30-2017 04-30-2016 % Change
Agriculture, Forestry, Fishing and Hunting 7 6 9 16.7 -22.2 76 84 -9.5
Bankruptcies 7 6 6 16.7 16.7 53 55 -3.6
Proposals 0 0 3 -- -100.0 23 29 -20.7
Mining and Oil and Gas Extraction 6 3 4 100.0 50.0 71 42 69.0
Bankruptcies 5 1 1 400.0 400.0 50 30 66.7
Proposals 1 2 3 -50.0 -66.7 21 12 75.0
Utilities 1 1 0 0.0 -- 10 12 -16.7
Bankruptcies 1 1 0 0.0 -- 6 7 -14.3
Proposals 0 0 0 -- -- 4 5 -20.0
Construction 41 69 76 -40.6 -46.1 660 759 -13.0
Bankruptcies 33 47 53 -29.8 -37.7 473 572 -17.3
Proposals 8 22 23 -63.6 -65.2 187 187 0.0
Manufacturing 35 33 23 6.1 52.2 309 355 -13.0
Bankruptcies 29 23 17 26.1 70.6 221 262 -15.6
Proposals 6 10 6 -40.0 0.0 88 93 -5.4
Wholesale Trade 13 16 16 -18.8 -18.8 175 183 -4.4
Bankruptcies 9 8 12 12.5 -25.0 134 138 -2.9
Proposals 4 8 4 -50.0 0.0 41 45 -8.9
Retail Trade 37 38 50 -2.6 -26.0 413 509 -18.9
Bankruptcies 24 30 37 -20.0 -35.1 304 385 -21.0
Proposals 13 8 13 62.5 0.0 109 124 -12.1
Transportation and Warehousing 27 28 24 -3.6 12.5 246 201 22.4
Bankruptcies 24 19 17 26.3 41.2 188 149 26.2
Proposals 3 9 7 -66.7 -57.1 58 52 11.5
Information and Cultural Industries 4 9 1 -55.6 300.0 69 73 -5.5
Bankruptcies 4 8 1 -50.0 300.0 51 61 -16.4
Proposals 0 1 0 -100.0 -- 18 12 50.0
Finance and Insurance 3 10 3 -70.0 0.0 62 67 -7.5
Bankruptcies 3 9 2 -66.7 50.0 54 50 8.0
Proposals 0 1 1 -100.0 -100.0 8 17 -52.9
Real Estate and Rental and Leasing 19 11 23 72.7 -17.4 148 152 -2.6
Bankruptcies 16 8 6 100.0 166.7 108 108 0.0
Proposals 3 3 17 0.0 -82.4 40 44 -9.1
Professional, Scientific and Technical Services 22 23 34 -4.3 -35.3 274 299 -8.4
Bankruptcies 12 21 26 -42.9 -53.8 207 232 -10.8
Proposals 10 2 8 400.0 25.0 67 67 0.0
Management of Companies and Enterprises 7 4 8 75.0 -12.5 74 63 17.5
Bankruptcies 4 4 3 0.0 33.3 53 48 10.4
Proposals 3 0 5 -- -40.0 21 15 40.0
Administrative and Support, Waste Management and Remediation Services 17 14 10 21.4 70.0 196 189 3.7
Bankruptcies 13 8 9 62.5 44.4 150 138 8.7
Proposals 4 6 1 -33.3 300.0 46 51 -9.8
Educational Services 1 15 0 -93.3 -- 46 29 58.6
Bankruptcies 1 14 0 -92.9 -- 35 21 66.7
Proposals 0 1 0 -100.0 -- 11 8 37.5
Health Care and Social Assistance 6 10 5 -40.0 20.0 74 77 -3.9
Bankruptcies 5 9 3 -44.4 66.7 59 53 11.3
Proposals 1 1 2 0.0 -50.0 15 24 -37.5
Arts, Entertainment and Recreation 8 8 7 0.0 14.3 75 71 5.6
Bankruptcies 7 6 6 16.7 16.7 54 60 -10.0
Proposals 1 2 1 -50.0 0.0 21 11 90.9
Accommodation and Food Services 34 56 44 -39.3 -22.7 565 653 -13.5
Bankruptcies 27 41 33 -34.1 -18.2 448 507 -11.6
Proposals 7 15 11 -53.3 -36.4 117 146 -19.9
Other Services (except Public Administration) 17 14 18 21.4 -5.6 152 195 -22.1
Bankruptcies 15 12 15 25.0 0.0 125 159 -21.4
Proposals 2 2 3 0.0 -33.3 27 36 -25.0
Public Administration 0 1 0 -100.0 -- 3 6 -50.0
Bankruptcies 0 1 0 -100.0 -- 2 6 -66.7
Proposals 0 0 0 -- -- 1 0 --
Total 305 369 355 -17.3 -14.1 3,698 4,019 -8.0
Bankruptcies 239 276 247 -13.4 -3.2 2,775 3,041 -8.7
Proposals 66 93 108 -29.0 -38.9 923 978 -5.6
Date modified: