Insolvency Statistics in Canada—Second Quarter of 2017

Tables

Glossary

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.
Proposition:
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.
Census Metropolitan Area (CMA):
Each area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000. For Statistics Canada's geographical definitions of the CMAs, go to CMA and CA: Detailed definition.
Economic Region (ER):
Standard geographical units created for analysis of regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
Table 1: Total Insolvencies
province Volume % Change 12-Month Period Ending
Q2 2017 Q1 2017 Q2 2016 Q1 2017 to Q2 2017 Q2 2016 to Q2 2017 06-30-2017 06-30-2016 % Change
Newfoundland and Labrador 655 603 701 8.6 -6.6 2,436 2,188 11.3
Bankruptcies 381 339 459 12.4 -17.0 1,468 1,582 -7.2
Proposals 274 264 242 3.8 13.2 968 606 59.7
Prince Edward Island 167 180 208 -7.2 -19.7 752 827 -9.1
Bankruptcies 113 94 124 20.2 -8.9 466 519 -10.2
Proposals 54 86 84 -37.2 -35.7 286 308 -7.1
Nova Scotia 1,566 1,379 1,671 13.6 -6.3 6,003 5,641 6.4
Bankruptcies 1,104 899 1,201 22.8 -8.1 4,128 3,996 3.3
Proposals 462 480 470 -3.8 -1.7 1,875 1,645 14.0
New Brunswick 1,197 991 1,252 20.8 -4.4 4,464 4,457 0.2
Bankruptcies 724 562 848 28.8 -14.6 2,742 2,952 -7.1
Proposals 473 429 404 10.3 17.1 1,722 1,505 14.4
Quebec 11,422 11,137 12,243 2.6 -6.7 44,096 45,961 -4.1
Bankruptcies 6,497 6,016 7,128 8.0 -8.9 24,941 26,337 -5.3
Proposals 4,925 5,121 5,115 -3.8 -3.7 19,155 19,624 -2.4
Ontario 10,300 9,868 11,052 4.4 -6.8 39,522 41,229 -4.1
Bankruptcies 4,376 3,928 4,955 11.4 -11.7 16,668 18,402 -9.4
Proposals 5,924 5,940 6,097 -0.3 -2.8 22,854 22,827 0.1
Manitoba 637 649 733 -1.8 -13.1 2,595 2,450 5.9
Bankruptcies 346 314 424 10.2 -18.4 1,392 1,380 0.9
Proposals 291 335 309 -13.1 -5.8 1,203 1,070 12.4
Saskatchewan 853 764 823 11.6 3.6 3,186 2,722 17.0
Bankruptcies 419 338 419 24.0 0.0 1,504 1,425 5.5
Proposals 434 426 404 1.9 7.4 1,682 1,297 29.7
Alberta 3,426 3,390 3,559 1.1 -3.7 13,361 11,973 11.6
Bankruptcies 1,343 1,348 1,484 -0.4 -9.5 5,346 5,118 4.5
Proposals 2,083 2,042 2,075 2.0 0.4 8,015 6,855 16.9
British Columbia 2,660 2,633 3,014 1.0 -11.7 10,332 11,769 -12.2
Bankruptcies 1,190 1,154 1,329 3.1 -10.5 4,525 5,444 -16.9
Proposals 1,470 1,479 1,685 -0.6 -12.8 5,807 6,325 -8.2
Northwest Territories 16 11 14 45.5 14.3 63 58 8.6
Bankruptcies 10 3 9 233.3 11.1 34 32 6.3
Proposals 6 8 5 -25.0 20.0 29 26 11.5
Yukon 8 8 18 0.0 -55.6 38 51 -25.5
Bankruptcies 7 3 10 133.3 -30.0 20 27 -25.9
Proposals 1 5 8 -80.0 -87.5 18 24 -25.0
Nunavut 0 0 2 n/a -100.0 3 10 -70.0
Bankruptcies 0 0 1 n/a -100.0 1 4 -75.0
Proposals 0 0 1 n/a -100.0 2 6 -66.7
Canada 32,907 31,613 35,290 4.1 -6.8 126,851 129,336 -1.9
Bankruptcies 16,510 14,998 18,391 10.1 -10.2 63,235 67,218 -5.9
Proposals 16,397 16,615 16,899 -1.3 -3.0 63,616 62,118 2.4
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Q2 2017 Q1 2017 Q2 2016 Q1 2017 to Q2 2017 Q2 2016 to Q2 2017 06-30-2017 06-30-2016 % Change
Newfoundland and Labrador 646 593 694 8.9 -6.9 2,401 2,161 11.1
Bankruptcies 373 335 454 11.3 -17.8 1,442 1,563 -7.7
Proposals 273 258 240 5.8 13.8 959 598 60.4
Prince Edward Island 163 174 200 -6.3 -18.5 738 812 -9.1
Bankruptcies 111 88 121 26.1 -8.3 455 510 -10.8
Proposals 52 86 79 -39.5 -34.2 283 302 -6.3
Nova Scotia 1,553 1,370 1,646 13.4 -5.7 5,944 5,565 6.8
Bankruptcies 1,092 890 1,181 22.7 -7.5 4,077 3,929 3.8
Proposals 461 480 465 -4.0 -0.9 1,867 1,636 14.1
New-Brunswick 1,174 983 1,237 19.4 -5.1 4,406 4,382 0.5
Bankruptcies 706 554 837 27.4 -15.7 2,694 2,892 -6.8
Proposals 468 429 400 9.1 17.0 1,712 1,490 14.9
Quebec 10,877 10,592 11,678 2.7 -6.9 42,003 43,715 -3.9
Bankruptcies 6,060 5,619 6,712 7.8 -9.7 23,355 24,626 -5.2
Proposals 4,817 4,973 4,966 -3.1 -3.0 18,648 19,089 -2.3
Ontario 10,090 9,644 10,779 4.6 -6.4 38,646 40,201 -3.9
Bankruptcies 4,218 3,771 4,762 11.9 -11.4 16,023 17,624 -9.1
Proposals 5,872 5,873 6,017 0.0 -2.4 22,623 22,577 0.2
Manitoba 627 637 714 -1.6 -12.2 2,549 2,398 6.3
Bankruptcies 337 302 411 11.6 -18.0 1,355 1,345 0.7
Proposals 290 335 303 -13.4 -4.3 1,194 1,053 13.4
Saskatchewan 812 734 795 10.6 2.1 3,062 2,585 18.5
Bankruptcies 387 320 399 20.9 -3.0 1,411 1,323 6.7
Proposals 425 414 396 2.7 7.3 1,651 1,262 30.8
Alberta 3,366 3,355 3,526 0.3 -4.5 13,168 11,843 11.2
Bankruptcies 1,302 1,321 1,455 -1.4 -10.5 5,207 5,027 3.6
Proposals 2,064 2,034 2,071 1.5 -0.3 7,961 6,816 16.8
British Columbia 2,623 2,583 2,961 1.5 -11.4 10,157 11,532 -11.9
Bankruptcies 1,159 1,110 1,284 4.4 -9.7 4,386 5,270 -16.8
Proposals 1,464 1,473 1,677 -0.6 -12.7 5,771 6,262 -7.8
Northwest Territories 15 11 14 36.4 7.1 62 58 6.9
Bankruptcies 9 3 9 200.0 0.0 33 32 3.1
Proposals 6 8 5 -25.0 20.0 29 26 11.5
Yukon 8 8 18 0.0 -55.6 38 51 -25.5
Bankruptcies 7 3 10 133.3 -30.0 20 27 -25.9
Proposals 1 5 8 -80.0 -87.5 18 24 -25.0
Nunavut 0 0 1 n/a -100.0 3 9 -66.7
Bankruptcies 0 0 0 n/a n/a 1 3 -66.7
Proposals 0 0 1 n/a -100.0 2 6 -66.7
Canada 31,954 30,684 34,263 4.1 -6.7 123,177 125,312 -1.7
Bankruptcies 15,761 14,316 17,635 10.1 -10.6 60,459 64,171 -5.8
Proposals 16,193 16,368 16,628 -1.1 -2.6 62,718 61,141 2.6
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Q2 2017 Q1 2017 Q2 2016 Q1 2017 to Q2 2017 Q2 2016 to Q2 2017 06-30-2017 06-30-2016 % Change
Newfoundland and Labrador 9 10 7 -10.0 28.6 35 27 29.6
Bankruptcies 8 4 5 100.0 60.0 26 19 36.8
Proposals 1 6 2 -83.3 -50.0 9 8 12.5
Prince Edward Island 4 6 8 -33.3 -50.0 14 15 -6.7
Bankruptcies 2 6 3 -66.7 -33.3 11 9 22.2
Proposals 2 0 5 n/a -60.0 3 6 -50.0
Nova Scotia 13 9 25 44.4 -48.0 59 76 -22.4
Bankruptcies 12 9 20 33.3 -40.0 51 67 -23.9
Proposals 1 0 5 n/a -80.0 8 9 -11.1
New Brunswick 23 8 15 187.5 53.3 58 75 -22.7
Bankruptcies 18 8 11 125.0 63.6 48 60 -20.0
Proposals 5 0 4 n/a 25.0 10 15 -33.3
Quebec 545 545 565 0.0 -3.5 2,093 2,246 -6.8
Bankruptcies 437 397 416 10.1 5.0 1,586 1,711 -7.3
Proposals 108 148 149 -27.0 -27.5 507 535 -5.2
Ontario 210 224 273 -6.3 -23.1 876 1,028 -14.8
Bankruptcies 158 157 193 0.6 -18.1 645 778 -17.1
Proposals 52 67 80 -22.4 -35.0 231 250 -7.6
Manitoba 10 12 19 -16.7 -47.4 46 52 -11.5
Bankruptcies 9 12 13 -25.0 -30.8 37 35 5.7
Proposals 1 0 6 n/a -83.3 9 17 -47.1
Saskatchewan 41 30 28 36.7 46.4 124 137 -9.5
Bankruptcies 32 18 20 77.8 60.0 93 102 -8.8
Proposals 9 12 8 -25.0 12.5 31 35 -11.4
Alberta 60 35 33 71.4 81.8 193 130 48.5
Bankruptcies 41 27 29 51.9 41.4 139 91 52.7
Proposals 19 8 4 137.5 375.0 54 39 38.5
British Columbia 37 50 53 -26.0 -30.2 175 237 -26.2
Bankruptcies 31 44 45 -29.5 -31.1 139 174 -20.1
Proposals 6 6 8 0.0 -25.0 36 63 -42.9
Northwest Territories 1 0 0 n/a n/a 1 0 n/a
Bankruptcies 1 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 1 n/a -100.0 0 1 -100.0
Bankruptcies 0 0 1 n/a -100.0 0 1 -100.0
Proposals 0 0 0 n/a n/a 0 0 n/a
Canada 953 929 1,027 2.6 -7.2 3,674 4,024 -8.7
Bankruptcies 749 682 756 9.8 -0.9 2,776 3,047 -8.9
Proposals 204 247 271 -17.4 -24.7 898 977 -8.1
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