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Insolvency Statistics in Canada — August 2009
Printable Version: Insolvency Statistics in Canada — August 2009 (PDF Format, 122 KB)
Note:
Monthly statistics for insolvency volumes tend to vary widely.
Quarterly and annual statistics can be more indicative of the evolution
of insolvency volumes.
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors Canada
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 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.
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| August 2009 | July 2009 | August 2008 | July 2009 to Aug. 2009 | Aug. 2008 to Aug. 2009 | 08-31-2009 | 08-31-2008 | % Change | |
| Newfoundland and Labrador | 211 | 216 | 177 | -2.3 | 19.2 | 2 584 | 2 168 | 19.2 |
| Bankruptcies | 200 | 204 | 174 | -2.0 | 14.9 | 2 487 | 2 109 | 17.9 |
| Proposals | 11 | 12 | 3 | -8.3 | 266.7 | 97 | 59 | 64.4 |
| Prince Edward Island | 36 | 43 | 38 | -16.3 | -5.3 | 553 | 400 | 38.3 |
| Bankruptcies | 34 | 42 | 37 | -19.0 | -8.1 | 526 | 371 | 41.8 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 27 | 29 | -6.9 |
| Nova Scotia | 418 | 519 | 360 | -19.5 | 16.1 | 5 207 | 4 415 | 17.9 |
| Bankruptcies | 372 | 473 | 328 | -21.4 | 13.4 | 4 554 | 3 835 | 18.7 |
| Proposals | 46 | 46 | 32 | 0.0 | 43.8 | 653 | 580 | 12.6 |
| New Brunswick | 369 | 378 | 314 | -2.4 | 17.5 | 3 817 | 3 055 | 24.9 |
| Bankruptcies | 328 | 331 | 270 | -0.9 | 21.5 | 3 260 | 2 657 | 22.7 |
| Proposals | 41 | 47 | 44 | -12.8 | -6.8 | 557 | 398 | 39.9 |
| Quebec | 3 363 | 3 600 | 2 732 | -6.6 | 23.1 | 42 663 | 34 685 | 23.0 |
| Bankruptcies | 2 801 | 3 055 | 2 262 | -8.3 | 23.8 | 35 412 | 28 533 | 24.1 |
| Proposals | 562 | 545 | 470 | 3.1 | 19.6 | 7 251 | 6 152 | 17.9 |
| Ontario | 5 480 | 5 989 | 3 965 | -8.5 | 38.2 | 65 898 | 48 825 | 35.0 |
| Bankruptcies | 4 024 | 4 307 | 2 917 | -6.6 | 37.9 | 47 300 | 35 685 | 32.5 |
| Proposals | 1 456 | 1 682 | 1 048 | -13.4 | 38.9 | 18 598 | 13 140 | 41.5 |
| Manitoba | 271 | 288 | 202 | -5.9 | 34.2 | 3 129 | 2 556 | 22.4 |
| Bankruptcies | 215 | 226 | 158 | -4.9 | 36.1 | 2 491 | 2 034 | 22.5 |
| Proposals | 56 | 62 | 44 | -9.7 | 27.3 | 638 | 522 | 22.2 |
| Saskatchewan | 224 | 221 | 182 | 1.4 | 23.1 | 2 469 | 2 015 | 22.5 |
| Bankruptcies | 156 | 162 | 147 | -3.7 | 6.1 | 1 875 | 1 535 | 22.1 |
| Proposals | 68 | 59 | 35 | 15.3 | 94.3 | 594 | 480 | 23.8 |
| Alberta | 1 097 | 1 088 | 646 | 0.8 | 69.8 | 11 376 | 6 940 | 63.9 |
| Bankruptcies | 915 | 907 | 552 | 0.9 | 65.8 | 9 587 | 5 636 | 70.1 |
| Proposals | 182 | 181 | 94 | 0.6 | 93.6 | 1 789 | 1 304 | 37.2 |
| British Columbia | 1 022 | 1 268 | 739 | -19.4 | 38.3 | 12 741 | 8 556 | 48.9 |
| Bankruptcies | 856 | 1 013 | 594 | -15.5 | 44.1 | 10 478 | 7 026 | 49.1 |
| Proposals | 166 | 255 | 145 | -34.9 | 14.5 | 2 263 | 1 530 | 47.9 |
| Northwest Territories | 6 | 3 | 2 | 100.0 | 200.0 | 44 | 28 | 57.1 |
| Bankruptcies | 6 | 3 | 2 | 100.0 | 200.0 | 37 | 25 | 48.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 7 | 3 | 133.3 |
| Yukon | 2 | 3 | 4 | -33.3 | -50.0 | 33 | 29 | 13.8 |
| Bankruptcies | 2 | 3 | 4 | -33.3 | -50.0 | 30 | 27 | 11.1 |
| Proposals | 0 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Nunavut | 0 | 1 | 1 | -100.0 | -100.0 | 10 | 6 | 66.7 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 9 | 4 | 125.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 1 | 2 | -50.0 |
| Canada | 12 499 | 13 617 | 9 362 | -8.2 | 33.5 | 150 524 | 113 678 | 32.4 |
| Bankruptcies | 9 909 | 10 726 | 7 446 | -7.6 | 33.1 | 118 046 | 89 477 | 31.9 |
| Proposals | 2 590 | 2 891 | 1 916 | -10.4 | 35.2 | 32 478 | 24 201 | 34.2 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| August 2009 | July 2009 | August 2008 | July 2009 to Aug. 2009 | Aug. 2008 to Aug. 2009 | 08-31-2009 | 08-31-2008 | % Change | |
| Newfoundland and Labrador | 210 | 216 | 174 | -2.8 | 20.7 | 2 553 | 2 121 | 20.4 |
| Bankruptcies | 199 | 204 | 171 | -2.5 | 16.4 | 2 457 | 2 064 | 19.0 |
| Proposals | 11 | 12 | 3 | -8.3 | 266.7 | 96 | 57 | 68.4 |
| Prince Edward Island | 33 | 40 | 36 | -17.5 | -8.3 | 525 | 377 | 39.3 |
| Bankruptcies | 31 | 40 | 35 | -22.5 | -11.4 | 504 | 353 | 42.8 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 21 | 24 | -12.5 |
| Nova Scotia | 406 | 511 | 347 | -20.5 | 17.0 | 5 046 | 4 199 | 20.2 |
| Bankruptcies | 363 | 465 | 317 | -21.9 | 14.5 | 4 413 | 3 646 | 21.0 |
| Proposals | 43 | 46 | 30 | -6.5 | 43.3 | 633 | 553 | 14.5 |
| New Brunswick | 358 | 364 | 292 | -1.6 | 22.6 | 3 650 | 2 830 | 29.0 |
| Bankruptcies | 322 | 324 | 252 | -0.6 | 27.8 | 3 138 | 2 470 | 27.0 |
| Proposals | 36 | 40 | 40 | -10.0 | -10.0 | 512 | 360 | 42.2 |
| Quebec | 3 193 | 3 417 | 2 529 | -6.6 | 26.3 | 40 035 | 32 015 | 25.1 |
| Bankruptcies | 2 675 | 2 902 | 2 104 | -7.8 | 27.1 | 33 375 | 26 409 | 26.4 |
| Proposals | 518 | 515 | 425 | 0.6 | 21.9 | 6 660 | 5 606 | 18.8 |
| Ontario | 5 303 | 5 789 | 3 752 | -8.4 | 41.3 | 63 285 | 45 923 | 37.8 |
| Bankruptcies | 3 872 | 4 125 | 2 749 | -6.1 | 40.9 | 45 042 | 33 224 | 35.6 |
| Proposals | 1 431 | 1 664 | 1 003 | -14.0 | 42.7 | 18 243 | 12 699 | 43.7 |
| Manitoba | 265 | 285 | 194 | -7.0 | 36.6 | 3 042 | 2 449 | 24.2 |
| Bankruptcies | 213 | 223 | 150 | -4.5 | 42.0 | 2 420 | 1 937 | 24.9 |
| Proposals | 52 | 62 | 44 | -16.1 | 18.2 | 622 | 512 | 21.5 |
| Saskatchewan | 202 | 205 | 162 | -1.5 | 24.7 | 2 255 | 1 796 | 25.6 |
| Bankruptcies | 142 | 148 | 132 | -4.1 | 7.6 | 1 710 | 1 374 | 24.5 |
| Proposals | 60 | 57 | 30 | 5.3 | 100.0 | 545 | 422 | 29.1 |
| Alberta | 1 058 | 1 045 | 606 | 1.2 | 74.6 | 10 884 | 6 433 | 69.2 |
| Bankruptcies | 882 | 872 | 514 | 1.1 | 71.6 | 9 172 | 5 219 | 75.7 |
| Proposals | 176 | 173 | 92 | 1.7 | 91.3 | 1 712 | 1 214 | 41.0 |
| British Columbia | 997 | 1 213 | 689 | -17.8 | 44.7 | 12 180 | 8 021 | 51.9 |
| Bankruptcies | 832 | 985 | 546 | -15.5 | 52.4 | 10 030 | 6 582 | 52.4 |
| Proposals | 165 | 228 | 143 | -27.6 | 15.4 | 2 150 | 1 439 | 49.4 |
| Northwest Territories | 6 | 3 | 2 | 100.0 | 200.0 | 44 | 25 | 76.0 |
| Bankruptcies | 6 | 3 | 2 | 100.0 | 200.0 | 37 | 22 | 68.2 |
| Proposals | 0 | 0 | 0 | -- | -- | 7 | 3 | 133.3 |
| Yukon | 2 | 3 | 4 | -33.3 | -50.0 | 33 | 24 | 37.5 |
| Bankruptcies | 2 | 3 | 4 | -33.3 | -50.0 | 30 | 22 | 36.4 |
| Proposals | 0 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Nunavut | 0 | 0 | 1 | -- | -100.0 | 9 | 6 | 50.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 9 | 4 | 125.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Canada | 12 033 | 13 091 | 8 788 | -8.1 | 36.9 | 143 541 | 106 219 | 35.1 |
| Bankruptcies | 9 539 | 10 294 | 6 977 | -7.3 | 36.7 | 112 337 | 83 326 | 34.8 |
| Proposals | 2 494 | 2 797 | 1 811 | -10.8 | 37.7 | 31 204 | 22 893 | 36.3 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| August 2009 | July 2009 | August 2008 | July 2009 to Aug. 2009 | Aug. 2008 to Aug. 2009 | 08-31-2009 | 08-31-2008 | % Change | |
| Newfoundland and Labrador | 1 | 0 | 3 | -- | -66.7 | 31 | 47 | -34.0 |
| Bankruptcies | 1 | 0 | 3 | -- | -66.7 | 30 | 45 | -33.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 2 | -50.0 |
| Prince Edward Island | 3 | 3 | 2 | 0.0 | 50.0 | 28 | 23 | 21.7 |
| Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 22 | 18 | 22.2 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 6 | 5 | 20.0 |
| Nova Scotia | 12 | 8 | 13 | 50.0 | -7.7 | 161 | 216 | -25.5 |
| Bankruptcies | 9 | 8 | 11 | 12.5 | -18.2 | 141 | 189 | -25.4 |
| Proposals | 3 | 0 | 2 | -- | 50.0 | 20 | 27 | -25.9 |
| New Brunswick | 11 | 14 | 22 | -21.4 | -50.0 | 167 | 225 | -25.8 |
| Bankruptcies | 6 | 7 | 18 | -14.3 | -66.7 | 122 | 187 | -34.8 |
| Proposals | 5 | 7 | 4 | -28.6 | 25.0 | 45 | 38 | 18.4 |
| Quebec | 170 | 183 | 203 | -7.1 | -16.3 | 2 628 | 2 670 | -1.6 |
| Bankruptcies | 126 | 153 | 158 | -17.6 | -20.3 | 2 037 | 2 124 | -4.1 |
| Proposals | 44 | 30 | 45 | 46.7 | -2.2 | 591 | 546 | 8.2 |
| Ontario | 177 | 200 | 213 | -11.5 | -16.9 | 2 613 | 2 902 | -10.0 |
| Bankruptcies | 152 | 182 | 168 | -16.5 | -9.5 | 2 258 | 2 461 | -8.2 |
| Proposals | 25 | 18 | 45 | 38.9 | -44.4 | 355 | 441 | -19.5 |
| Manitoba | 6 | 3 | 8 | 100.0 | -25.0 | 87 | 107 | -18.7 |
| Bankruptcies | 2 | 3 | 8 | -33.3 | -75.0 | 71 | 97 | -26.8 |
| Proposals | 4 | 0 | 0 | -- | -- | 16 | 10 | 60.0 |
| Saskatchewan | 22 | 16 | 20 | 37.5 | 10.0 | 214 | 219 | -2.3 |
| Bankruptcies | 14 | 14 | 15 | 0.0 | -6.7 | 165 | 161 | 2.5 |
| Proposals | 8 | 2 | 5 | 300.0 | 60.0 | 49 | 58 | -15.5 |
| Alberta | 39 | 43 | 40 | -9.3 | -2.5 | 492 | 507 | -3.0 |
| Bankruptcies | 33 | 35 | 38 | -5.7 | -13.2 | 415 | 417 | -0.5 |
| Proposals | 6 | 8 | 2 | -25.0 | 200.0 | 77 | 90 | -14.4 |
| British Columbia | 25 | 55 | 50 | -54.5 | -50.0 | 561 | 535 | 4.9 |
| Bankruptcies | 24 | 28 | 48 | -14.3 | -50.0 | 448 | 444 | 0.9 |
| Proposals | 1 | 27 | 2 | -96.3 | -50.0 | 113 | 91 | 24.2 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 3 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 5 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Canada | 466 | 526 | 574 | -11.4 | -18.8 | 6 983 | 7 459 | -6.4 |
| Bankruptcies | 370 | 432 | 469 | -14.4 | -21.1 | 5 709 | 6 151 | -7.2 |
| Proposals | 96 | 94 | 105 | 2.1 | -8.6 | 1 274 | 1 308 | -2.6 |
| Volume | % Change | 12-Month Period Ending | ||||||
|---|---|---|---|---|---|---|---|---|
| August 2009 | July 2009 | August 2008 | July 2009 to Aug. 2009 | Aug. 2008 to Aug. 2009 | 08-31-2009 | 08-31-2008 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 15 | 13 | 34 | 15.4 | -55.9 | 266 | 365 | -27.1 |
| Bankruptcies | 10 | 11 | 32 | -9.1 | -68.8 | 210 | 300 | -30.0 |
| Proposals | 5 | 2 | 2 | 150.0 | 150.0 | 56 | 65 | -13.8 |
| Mining and Oil and Gas Extraction | 2 | 6 | 5 | -66.7 | -60.0 | 54 | 54 | 0.0 |
| Bankruptcies | 2 | 5 | 3 | -60.0 | -33.3 | 35 | 35 | 0.0 |
| Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 19 | 19 | 0.0 |
| Utilities | 1 | 1 | 0 | 0.0 | -- | 21 | 6 | 250.0 |
| Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 16 | 5 | 220.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 5 | 1 | 400.0 |
| Construction | 69 | 80 | 104 | -13.8 | -33.7 | 1 037 | 1 250 | -17.0 |
| Bankruptcies | 63 | 69 | 90 | -8.7 | -30.0 | 895 | 1 070 | -16.4 |
| Proposals | 6 | 11 | 14 | -45.5 | -57.1 | 142 | 180 | -21.1 |
| Manufacturing | 50 | 74 | 67 | -32.4 | -25.4 | 788 | 761 | 3.5 |
| Bankruptcies | 35 | 60 | 49 | -41.7 | -28.6 | 614 | 580 | 5.9 |
| Proposals | 15 | 14 | 18 | 7.1 | -16.7 | 174 | 181 | -3.9 |
| Wholesale Trade | 32 | 37 | 36 | -13.5 | -11.1 | 390 | 375 | 4.0 |
| Bankruptcies | 29 | 31 | 29 | -6.5 | 0.0 | 313 | 294 | 6.5 |
| Proposals | 3 | 6 | 7 | -50.0 | -57.1 | 77 | 81 | -4.9 |
| Retail Trade | 52 | 61 | 67 | -14.8 | -22.4 | 950 | 1 047 | -9.3 |
| Bankruptcies | 45 | 53 | 55 | -15.1 | -18.2 | 792 | 874 | -9.4 |
| Proposals | 7 | 8 | 12 | -12.5 | -41.7 | 158 | 173 | -8.7 |
| Transportation and Warehousing | 59 | 37 | 64 | 59.5 | -7.8 | 654 | 763 | -14.3 |
| Bankruptcies | 40 | 30 | 54 | 33.3 | -25.9 | 524 | 644 | -18.6 |
| Proposals | 19 | 7 | 10 | 171.4 | 90.0 | 130 | 119 | 9.2 |
| Information and Cultural Industries | 14 | 8 | 6 | 75.0 | 133.3 | 123 | 137 | -10.2 |
| Bankruptcies | 13 | 3 | 3 | 333.3 | 333.3 | 92 | 106 | -13.2 |
| Proposals | 1 | 5 | 3 | -80.0 | -66.7 | 31 | 31 | 0.0 |
| Finance and Insurance | 13 | 5 | 7 | 160.0 | 85.7 | 147 | 120 | 22.5 |
| Bankruptcies | 11 | 5 | 6 | 120.0 | 83.3 | 117 | 102 | 14.7 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 30 | 18 | 66.7 |
| Real Estate and Rental and Leasing | 10 | 19 | 16 | -47.4 | -37.5 | 198 | 157 | 26.1 |
| Bankruptcies | 5 | 16 | 15 | -68.8 | -66.7 | 148 | 125 | 18.4 |
| Proposals | 5 | 3 | 1 | 66.7 | 400.0 | 50 | 32 | 56.3 |
| Professional, Scientific and Technical Services | 18 | 32 | 34 | -43.8 | -47.1 | 439 | 430 | 2.1 |
| Bankruptcies | 16 | 25 | 26 | -36.0 | -38.5 | 370 | 339 | 9.1 |
| Proposals | 2 | 7 | 8 | -71.4 | -75.0 | 69 | 91 | -24.2 |
| Management of Companies and Enterprises | 2 | 5 | 1 | -60.0 | 100.0 | 44 | 36 | 22.2 |
| Bankruptcies | 1 | 4 | 1 | -75.0 | 0.0 | 35 | 26 | 34.6 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 9 | 10 | -10.0 |
| Administrative and Support, Waste Management and Remediation Services | 17 | 20 | 23 | -15.0 | -26.1 | 292 | 302 | -3.3 |
| Bankruptcies | 14 | 18 | 15 | -22.2 | -6.7 | 248 | 247 | 0.4 |
| Proposals | 3 | 2 | 8 | 50.0 | -62.5 | 44 | 55 | -20.0 |
| Educational Services | 1 | 2 | 0 | -50.0 | -- | 45 | 42 | 7.1 |
| Bankruptcies | 1 | 2 | 0 | -50.0 | -- | 35 | 35 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 10 | 7 | 42.9 |
| Health Care and Social Assistance | 12 | 4 | 7 | 200.0 | 71.4 | 89 | 92 | -3.3 |
| Bankruptcies | 11 | 3 | 7 | 266.7 | 57.1 | 71 | 72 | -1.4 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 18 | 20 | -10.0 |
| Arts, Entertainment and Recreation | 8 | 13 | 7 | -38.5 | 14.3 | 138 | 168 | -17.9 |
| Bankruptcies | 7 | 13 | 4 | -46.2 | 75.0 | 122 | 139 | -12.2 |
| Proposals | 1 | 0 | 3 | -- | -66.7 | 16 | 29 | -44.8 |
| Accommodation and Food Services | 64 | 76 | 64 | -15.8 | 0.0 | 847 | 872 | -2.9 |
| Bankruptcies | 44 | 52 | 58 | -15.4 | -24.1 | 680 | 746 | -8.8 |
| Proposals | 20 | 24 | 6 | -16.7 | 233.3 | 167 | 126 | 32.5 |
| Other Services (except Public Administration) | 26 | 33 | 32 | -21.2 | -18.8 | 454 | 471 | -3.6 |
| Bankruptcies | 21 | 31 | 22 | -32.3 | -4.5 | 386 | 401 | -3.7 |
| Proposals | 5 | 2 | 10 | 150.0 | -50.0 | 68 | 70 | -2.9 |
| Public Administration | 1 | 0 | 0 | -- | -- | 6 | 11 | -45.5 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 5 | 11 | -54.5 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Total | 466 | 526 | 574 | -11.4 | -18.8 | 6 983 | 7 459 | -6.4 |
| Bankruptcies | 370 | 432 | 469 | -14.4 | -21.1 | 5 709 | 6 151 | -7.2 |
| Proposals | 96 | 94 | 105 | 2.1 | -8.6 | 1 274 | 1 308 | -2.6 |
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