Insolvency Statistics in Canada—September 2017

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
September 2017 August 2017 September 2016 Aug. 2017
to
Sept. 2017
Sept. 2016
to
Sept. 2017
09-30-2017 09-30-2016 % Change
Newfoundland and Labrador 228 197 208 15.7 9.6 2,434 2,322 4.8
Bankruptcies 118 104 122 13.5 -3.3 1,396 1,568 -11.0
Proposals 110 93 86 18.3 27.9 1,038 754 37.7
Prince Edward Island 56 61 77 -8.2 -27.3 712 838 -15.0
Bankruptcies 35 36 49 -2.8 -28.6 432 527 -18.0
Proposals 21 25 28 -16.0 -25.0 280 311 -10.0
Nova Scotia 494 494 553 0.0 -10.7 5,906 5,922 -0.3
Bankruptcies 338 312 360 8.3 -6.1 4,032 4,172 -3.4
Proposals 156 182 193 -14.3 -19.2 1,874 1,750 7.1
New Brunswick 349 440 384 -20.7 -9.1 4,479 4,370 2.5
Bankruptcies 191 244 244 -21.7 -21.7 2,659 2,880 -7.7
Proposals 158 196 140 -19.4 12.9 1,820 1,490 22.1
Quebec 3,628 3,478 3,915 4.3 -7.3 43,681 45,586 -4.2
Bankruptcies 2,050 1,964 2,250 4.4 -8.9 24,607 26,060 -5.6
Proposals 1,578 1,514 1,665 4.2 -5.2 19,074 19,526 -2.3
Ontario 3,183 3,240 3,326 -1.8 -4.3 39,225 41,071 -4.5
Bankruptcies 1,333 1,267 1,493 5.2 -10.7 16,273 18,082 -10.0
Proposals 1,850 1,973 1,833 -6.2 0.9 22,952 22,989 -0.2
Manitoba 224 192 242 16.7 -7.4 2,604 2,546 2.3
Bankruptcies 120 103 124 16.5 -3.2 1,376 1,423 -3.3
Proposals 104 89 118 16.9 -11.9 1,228 1,123 9.3
Saskatchewan 296 282 267 5.0 10.9 3,220 2,912 10.6
Bankruptcies 108 127 114 -15.0 -5.3 1,465 1,489 -1.6
Proposals 188 155 153 21.3 22.9 1,755 1,423 23.3
Alberta 1,119 1,201 1,142 -6.8 -2.0 13,414 12,743 5.3
Bankruptcies 409 468 468 -12.6 -12.6 5,251 5,338 -1.6
Proposals 710 733 674 -3.1 5.3 8,163 7,405 10.2
British Columbia 773 840 896 -8.0 -13.7 10,134 11,405 -11.1
Bankruptcies 329 314 359 4.8 -8.4 4,361 5,152 -15.4
Proposals 444 526 537 -15.6 -17.3 5,773 6,253 -7.7
Northwest Territories 16 5 8 220.0 100.0 68 66 3.0
Bankruptcies 11 4 5 175.0 120.0 43 36 19.4
Proposals 5 1 3 400.0 66.7 25 30 -16.7
Yukon 2 2 4 0.0 -50.0 33 51 -35.3
Bankruptcies 0 2 3 -100.0 -100.0 16 26 -38.5
Proposals 2 0 1 n/a 100.0 17 25 -32.0
Nunavut 0 0 1 n/a -100.0 2 11 -81.8
Bankruptcies 0 0 1 n/a -100.0 0 5 -100.0
Proposals 0 0 0 n/a n/a 2 6 -66.7
Canada 10,368 10,432 11,023 -0.6 -5.9 125,912 129,843 -3.0
Bankruptcies 5,042 4,945 5,592 2.0 -9.8 61,911 66,758 -7.3
Proposals 5,326 5,487 5,431 -2.9 -1.9 64,001 63,085 1.5
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
September 2017 August 2017 September 2016 Aug. 2017
to
Sept. 2017
Sept. 2016
to
Sept. 2017
09-30-2017 09-30-2016 % Change
Newfoundland and Labrador 226 197 205 14.7 10.2 2,398 2,297 4.4
Bankruptcies 116 104 120 11.5 -3.3 1,369 1,550 -11.7
Proposals 110 93 85 18.3 29.4 1,029 747 37.8
Prince Edward Island 55 60 75 -8.3 -26.7 699 823 -15.1
Bankruptcies 34 35 47 -2.9 -27.7 422 517 -18.4
Proposals 21 25 28 -16.0 -25.0 277 306 -9.5
Nova Scotia 491 487 550 0.8 -10.7 5,849 5,848 0.0
Bankruptcies 335 307 357 9.1 -6.2 3,984 4,106 -3.0
Proposals 156 180 193 -13.3 -19.2 1,865 1,742 7.1
New Brunswick 349 438 380 -20.3 -8.2 4,429 4,303 2.9
Bankruptcies 191 242 240 -21.1 -20.4 2,616 2,826 -7.4
Proposals 158 196 140 -19.4 12.9 1,813 1,477 22.7
Quebec 3,469 3,328 3,748 4.2 -7.4 41,625 43,334 -3.9
Bankruptcies 1,933 1,852 2,134 4.4 -9.4 23,045 24,353 -5.4
Proposals 1,536 1,476 1,614 4.1 -4.8 18,580 18,981 -2.1
Ontario 3,125 3,164 3,244 -1.2 -3.7 38,351 40,101 -4.4
Bankruptcies 1,294 1,212 1,424 6.8 -9.1 15,638 17,352 -9.9
Proposals 1,831 1,952 1,820 -6.2 0.6 22,713 22,749 -0.2
Manitoba 223 186 238 19.9 -6.3 2,561 2,497 2.6
Bankruptcies 120 99 121 21.2 -0.8 1,344 1,387 -3.1
Proposals 103 87 117 18.4 -12.0 1,217 1,110 9.6
Saskatchewan 292 270 261 8.1 11.9 3,099 2,792 11.0
Bankruptcies 104 118 109 -11.9 -4.6 1,375 1,397 -1.6
Proposals 188 152 152 23.7 23.7 1,724 1,395 23.6
Alberta 1,111 1,168 1,131 -4.9 -1.8 13,208 12,609 4.8
Bankruptcies 404 450 458 -10.2 -11.8 5,111 5,238 -2.4
Proposals 707 718 673 -1.5 5.1 8,097 7,371 9.8
British Columbia 763 836 884 -8.7 -13.7 9,975 11,176 -10.7
Bankruptcies 320 312 349 2.6 -8.3 4,230 4,990 -15.2
Proposals 443 524 535 -15.5 -17.2 5,745 6,186 -7.1
Northwest Territories 16 5 8 220.0 100.0 67 66 1.5
Bankruptcies 11 4 5 175.0 120.0 42 36 16.7
Proposals 5 1 3 400.0 66.7 25 30 -16.7
Yukon 2 2 4 0.0 -50.0 33 51 -35.3
Bankruptcies 0 2 3 -100.0 -100.0 16 26 -38.5
Proposals 2 0 1 n/a 100.0 17 25 -32.0
Nunavut 0 0 1 n/a -100.0 2 10 -80.0
Bankruptcies 0 0 1 n/a -100.0 0 4 -100.0
Proposals 0 0 0 n/a n/a 2 6 -66.7
Canada 10,122 10,141 10,729 -0.2 -5.7 122,296 125,907 -2.9
Bankruptcies 4,862 4,737 5,368 2.6 -9.4 59,192 63,782 -7.2
Proposals 5,260 5,404 5,361 -2.7 -1.9 63,104 62,125 1.6
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
September 2017 August 2017 September 2016 Aug. 2017
to
Sept. 2017
Sept. 2016
to
Sept. 2017
09-30-2017 09-30-2016 % Change
Newfoundland and Labrador 2 0 3 n/a -33.3 36 25 44.0
Bankruptcies 2 0 2 n/a 0.0 27 18 50.0
Proposals 0 0 1 n/a -100.0 9 7 28.6
Prince Edward Island 1 1 2 0.0 -50.0 13 15 -13.3
Bankruptcies 1 1 2 0.0 -50.0 10 10 0.0
Proposals 0 0 0 n/a n/a 3 5 -40.0
Nova Scotia 3 7 3 -57.1 0.0 57 74 -23.0
Bankruptcies 3 5 3 -40.0 0.0 48 66 -27.3
Proposals 0 2 0 -100.0 n/a 9 8 12.5
New Brunswick 0 2 4 -100.0 -100.0 50 67 -25.4
Bankruptcies 0 2 4 -100.0 -100.0 43 54 -20.4
Proposals 0 0 0 n/a n/a 7 13 -46.2
Quebec 159 150 167 6.0 -4.8 2,056 2,252 -8.7
Bankruptcies 117 112 116 4.5 0.9 1,562 1,707 -8.5
Proposals 42 38 51 10.5 -17.6 494 545 -9.4
Ontario 58 76 82 -23.7 -29.3 874 970 -9.9
Bankruptcies 39 55 69 -29.1 -43.5 635 730 -13.0
Proposals 19 21 13 -9.5 46.2 239 240 -0.4
Manitoba 1 6 4 -83.3 -75.0 43 49 -12.2
Bankruptcies 0 4 3 -100.0 -100.0 32 36 -11.1
Proposals 1 2 1 -50.0 0.0 11 13 -15.4
Saskatchewan 4 12 6 -66.7 -33.3 121 120 0.8
Bankruptcies 4 9 5 -55.6 -20.0 90 92 -2.2
Proposals 0 3 1 -100.0 -100.0 31 28 10.7
Alberta 8 33 11 -75.8 -27.3 206 134 53.7
Bankruptcies 5 18 10 -72.2 -50.0 140 100 40.0
Proposals 3 15 1 -80.0 200.0 66 34 94.1
British Columbia 10 4 12 150.0 -16.7 159 229 -30.6
Bankruptcies 9 2 10 350.0 -10.0 131 162 -19.1
Proposals 1 2 2 -50.0 -50.0 28 67 -58.2
Northwest Territories 0 0 0 n/a n/a 1 0 n/a
Bankruptcies 0 0 0 n/a n/a 1 0 n/a
Proposals 0 0 0 n/a n/a 0 0 n/a
Yukon 0 0 0 n/a n/a 0 0 n/a
Bankruptcies 0 0 0 n/a n/a 0 0 n/a
Proposals 0 0 0 n/a n/a 0 0 n/a
Nunavut 0 0 0 n/a n/a 0 1 -100.0
Bankruptcies 0 0 0 n/a n/a 0 1 -100.0
Proposals 0 0 0 n/a n/a 0 0 n/a
Canada 246 291 294 -15.5 -16.3 3,616 3,936 -8.1
Bankruptcies 180 208 224 -13.5 -19.6 2,719 2,976 -8.6
Proposals 66 83 70 -20.5 -5.7 897 960 -6.6
Table 4: Insolvencies by NAICS Economic Sectors, Canada
sector Volume % Change 12-Month Period Ending
September 2017 August 2017 September 2016 Aug. 2017
to
Sept. 2017
Sept. 2016
to
Sept. 2017
09-30-2017 09-30-2016 % Change
Agriculture, Forestry, Fishing and Hunting 7 8 6 -12.5 16.7 86 69 24.6
Bankruptcies 3 7 3 -57.1 0.0 64 51 25.5
Proposals 4 1 3 300.0 33.3 22 18 22.2
Mining and Oil and Gas Extraction 1 5 3 -80.0 -66.7 63 54 16.7
Bankruptcies 1 3 2 -66.7 -50.0 46 34 35.3
Proposals 0 2 1 -100.0 -100.0 17 20 -15.0
Utilities 0 0 1 n/a -100.0 8 7 14.3
Bankruptcies 0 0 1 n/a -100.0 6 2 200.0
Proposals 0 0 0 n/a n/a 2 5 -60.0
Construction 48 63 61 -23.8 -21.3 658 733 -10.2
Bankruptcies 36 43 44 -16.3 -18.2 481 546 -11.9
Proposals 12 20 17 -40.0 -29.4 177 187 -5.3
Manufacturing 22 24 19 -8.3 15.8 320 327 -2.1
Bankruptcies 12 18 16 -33.3 -25.0 224 243 -7.8
Proposals 10 6 3 66.7 233.3 96 84 14.3
Wholesale Trade 11 20 14 -45.0 -21.4 178 178 0.0
Bankruptcies 10 12 12 -16.7 -16.7 132 140 -5.7
Proposals 1 8 2 -87.5 -50.0 46 38 21.1
Retail Trade 26 28 29 -7.1 -10.3 392 493 -20.5
Bankruptcies 22 22 22 0.0 0.0 295 365 -19.2
Proposals 4 6 7 -33.3 -42.9 97 128 -24.2
Transportation and Warehousing 16 13 17 23.1 -5.9 240 215 11.6
Bankruptcies 12 12 13 0.0 -7.7 186 169 10.1
Proposals 4 1 4 300.0 0.0 54 46 17.4
Information and Cultural Industries 7 4 5 75.0 40.0 72 69 4.3
Bankruptcies 5 3 5 66.7 0.0 49 62 -21.0
Proposals 2 1 0 100.0 n/a 23 7 228.6
Finance and Insurance 3 3 6 0.0 -50.0 60 70 -14.3
Bankruptcies 3 2 6 50.0 -50.0 51 57 -10.5
Proposals 0 1 0 -100.0 n/a 9 13 -30.8
Real Estate and Rental and Leasing 13 10 15 30.0 -13.3 141 164 -14.0
Bankruptcies 10 4 9 150.0 11.1 98 112 -12.5
Proposals 3 6 6 -50.0 -50.0 43 52 -17.3
Professional, Scientific and Technical Services 22 17 20 29.4 10.0 268 286 -6.3
Bankruptcies 17 12 16 41.7 6.3 212 221 -4.1
Proposals 5 5 4 0.0 25.0 56 65 -13.8
Management of Companies and Enterprises 7 1 9 600.0 -22.2 76 69 10.1
Bankruptcies 7 1 4 600.0 75.0 60 49 22.4
Proposals 0 0 5 n/a -100.0 16 20 -20.0
Administrative and Support, Waste Management and Remediation Services 8 12 14 -33.3 -42.9 171 189 -9.5
Bankruptcies 5 6 11 -16.7 -54.5 130 134 -3.0
Proposals 3 6 3 -50.0 0.0 41 55 -25.5
Educational Services 0 4 2 -100.0 -100.0 38 34 11.8
Bankruptcies 0 3 1 -100.0 -100.0 32 21 52.4
Proposals 0 1 1 -100.0 -100.0 6 13 -53.8
Health Care and Social Assistance 3 5 6 -40.0 -50.0 76 67 13.4
Bankruptcies 2 3 4 -33.3 -50.0 58 50 16.0
Proposals 1 2 2 -50.0 -50.0 18 17 5.9
Arts, Entertainment and Recreation 5 7 4 -28.6 25.0 73 79 -7.6
Bankruptcies 1 7 3 -85.7 -66.7 51 64 -20.3
Proposals 4 0 1 n/a 300.0 22 15 46.7
Accommodation and Food Services 34 48 51 -29.2 -33.3 521 652 -20.1
Bankruptcies 22 36 41 -38.9 -46.3 401 505 -20.6
Proposals 12 12 10 0.0 20.0 120 147 -18.4
Other Services (except Public Administration) 12 18 12 -33.3 0.0 169 177 -4.5
Bankruptcies 11 14 11 -21.4 0.0 139 147 -5.4
Proposals 1 4 1 -75.0 0.0 30 30 0.0
Public Administration 1 1 0 0.0 n/a 6 4 50.0
Bankruptcies 1 0 0 n/a n/a 4 4 0.0
Proposals 0 1 0 -100.0 n/a 2 0 n/a
Total 246 291 294 -15.5 -16.3 3,616 3,936 -8.1
Bankruptcies 180 208 224 -13.5 -19.6 2,719 2,976 -8.6
Proposals 66 83 70 -20.5 -5.7 897 960 -6.6
Date modified: