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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
Volume
% Change
12-Month Period Ending
June 2013
May 2013
June 2012
May 2013 to June 2013
June 2012 to June 2013
06-30-2013
06-30-2012
% Change
Newfoundland and Labrador
140
184
161
-23.9
-13.0
1,748
1,922
-9.1
Bankruptcies
136
163
146
-16.6
-6.8
1,615
1,779
-9.2
Proposals
4
21
15
-81.0
-73.3
133
143
-7.0
Prince Edward Island
46
49
55
-6.1
-16.4
604
606
-0.3
Bankruptcies
36
34
40
5.9
-10.0
467
464
0.6
Proposals
10
15
15
-33.3
-33.3
137
142
-3.5
Nova Scotia
419
445
379
-5.8
10.6
4,424
4,516
-2.0
Bankruptcies
273
325
284
-16.0
-3.9
3,192
3,487
-8.5
Proposals
146
120
95
21.7
53.7
1,232
1,029
19.7
New Brunswick
347
372
349
-6.7
-0.6
3,809
3,846
-1.0
Bankruptcies
241
277
271
-13.0
-11.1
2,822
2,998
-5.9
Proposals
106
95
78
11.6
35.9
987
848
16.4
Quebec
3,258
3,944
2,941
-17.4
10.8
39,827
37,728
5.6
Bankruptcies
2,112
2,537
2,039
-16.8
3.6
26,147
26,450
-1.1
Proposals
1,146
1,407
902
-18.6
27.1
13,680
11,278
21.3
Ontario
3,660
4,271
4,174
-14.3
-12.3
46,679
50,603
-7.8
Bankruptcies
1,868
2,163
2,094
-13.6
-10.8
23,366
25,539
-8.5
Proposals
1,792
2,108
2,080
-15.0
-13.8
23,313
25,064
-7.0
Manitoba
153
180
163
-15.0
-6.1
1,861
2,058
-9.6
Bankruptcies
107
118
107
-9.3
0.0
1,267
1,403
-9.7
Proposals
46
62
56
-25.8
-17.9
594
655
-9.3
Saskatchewan
134
169
168
-20.7
-20.2
1,749
2,033
-14.0
Bankruptcies
73
98
100
-25.5
-27.0
1,043
1,221
-14.6
Proposals
61
71
68
-14.1
-10.3
706
812
-13.1
Alberta
681
790
840
-13.8
-18.9
8,983
9,988
-10.1
Bankruptcies
384
445
506
-13.7
-24.1
5,346
6,634
-19.4
Proposals
297
345
334
-13.9
-11.1
3,637
3,354
8.4
British Columbia
1,014
1,168
1,013
-13.2
0.1
11,851
12,162
-2.6
Bankruptcies
595
700
652
-15.0
-8.7
7,455
7,982
-6.6
Proposals
419
468
361
-10.5
16.1
4,396
4,180
5.2
Northwest Territories
5
2
3
150.0
66.7
47
47
0.0
Bankruptcies
4
1
2
300.0
100.0
25
32
-21.9
Proposals
1
1
1
0.0
0.0
22
15
46.7
Yukon
3
3
3
0.0
0.0
43
30
43.3
Bankruptcies
3
2
2
50.0
50.0
26
25
4.0
Proposals
0
1
1
-100.0
-100.0
17
5
240.0
Nunavut
1
0
0
--
--
5
3
66.7
Bankruptcies
0
0
0
--
--
2
1
100.0
Proposals
1
0
0
--
--
3
2
50.0
Canada
9,861
11,577
10,249
-14.8
-3.8
121,630
125,542
-3.1
Bankruptcies
5,832
6,863
6,243
-15.0
-6.6
72,773
78,015
-6.7
Proposals
4,029
4,714
4,006
-14.5
0.6
48,857
47,527
2.8
Table 2: Insolvencies Filed by Consumers
Volume
% Change
12-Month Period Ending
June 2013
May 2013
June 2012
May 2013 to June 2013
June 2012 to June 2013
06-30-2013
06-30-2012
% Change
Newfoundland and Labrador
139
179
161
-22.3
-13.7
1,723
1,905
-9.6
Bankruptcies
135
159
146
-15.1
-7.5
1,597
1,764
-9.5
Proposals
4
20
15
-80.0
-73.3
126
141
-10.6
Prince Edward Island
45
49
52
-8.2
-13.5
591
583
1.4
Bankruptcies
36
34
38
5.9
-5.3
456
445
2.5
Proposals
9
15
14
-40.0
-35.7
135
138
-2.2
Nova Scotia
408
437
370
-6.6
10.3
4,311
4,427
-2.6
Bankruptcies
265
319
275
-16.9
-3.6
3,105
3,412
-9.0
Proposals
143
118
95
21.2
50.5
1,206
1,015
18.8
New Brunswick
337
366
346
-7.9
-2.6
3,738
3,783
-1.2
Bankruptcies
234
272
268
-14.0
-12.7
2,770
2,949
-6.1
Proposals
103
94
78
9.6
32.1
968
834
16.1
Quebec
3,093
3,735
2,778
-17.2
11.3
37,751
35,671
5.8
Bankruptcies
2,000
2,384
1,911
-16.1
4.7
24,630
24,948
-1.3
Proposals
1,093
1,351
867
-19.1
26.1
13,121
10,723
22.4
Ontario
3,564
4,166
4,063
-14.5
-12.3
45,403
49,117
-7.6
Bankruptcies
1,803
2,085
2,010
-13.5
-10.3
22,380
24,396
-8.3
Proposals
1,761
2,081
2,053
-15.4
-14.2
23,023
24,721
-6.9
Manitoba
150
178
158
-15.7
-5.1
1,811
1,990
-9.0
Bankruptcies
104
117
106
-11.1
-1.9
1,223
1,350
-9.4
Proposals
46
61
52
-24.6
-11.5
588
640
-8.1
Saskatchewan
122
159
160
-23.3
-23.8
1,629
1,887
-13.7
Bankruptcies
65
91
94
-28.6
-30.9
975
1,118
-12.8
Proposals
57
68
66
-16.2
-13.6
654
769
-15.0
Alberta
669
773
809
-13.5
-17.3
8,749
9,641
-9.3
Bankruptcies
375
434
484
-13.6
-22.5
5,179
6,369
-18.7
Proposals
294
339
325
-13.3
-9.5
3,570
3,272
9.1
British Columbia
992
1,140
1,004
-13.0
-1.2
11,571
11,909
-2.8
Bankruptcies
578
678
644
-14.7
-10.2
7,255
7,786
-6.8
Proposals
414
462
360
-10.4
15.0
4,316
4,123
4.7
Northwest Territories
5
2
3
150.0
66.7
47
46
2.2
Bankruptcies
4
1
2
300.0
100.0
25
32
-21.9
Proposals
1
1
1
0.0
0.0
22
14
57.1
Yukon
3
3
3
0.0
0.0
41
28
46.4
Bankruptcies
3
2
2
50.0
50.0
24
23
4.3
Proposals
0
1
1
-100.0
-100.0
17
5
240.0
Nunavut
1
0
0
--
--
4
3
33.3
Bankruptcies
0
0
0
--
--
1
1
0.0
Proposals
1
0
0
--
--
3
2
50.0
Canada
9,528
11,187
9,907
-14.8
-3.8
117,369
120,990
-3.0
Bankruptcies
5,602
6,576
5,980
-14.8
-6.3
69,620
74,593
-6.7
Proposals
3,926
4,611
3,927
-14.9
0.0
47,749
46,397
2.9
Table 3: Insolvencies Filed by Businesses
Volume
% Change
12-Month Period Ending
June 2013
May 2013
June 2012
May 2013 to June 2013
June 2012 to June 2013
06-30-2013
06-30-2012
% Change
Newfoundland and Labrador
1
5
0
-80.0
--
25
17
47.1
Bankruptcies
1
4
0
-75.0
--
18
15
20.0
Proposals
0
1
0
-100.0
--
7
2
250.0
Prince Edward Island
1
0
3
--
-66.7
13
23
-43.5
Bankruptcies
0
0
2
--
-100.0
11
19
-42.1
Proposals
1
0
1
--
0.0
2
4
-50.0
Nova Scotia
11
8
9
37.5
22.2
113
89
27.0
Bankruptcies
8
6
9
33.3
-11.1
87
75
16.0
Proposals
3
2
0
50.0
--
26
14
85.7
New Brunswick
10
6
3
66.7
233.3
71
63
12.7
Bankruptcies
7
5
3
40.0
133.3
52
49
6.1
Proposals
3
1
0
200.0
--
19
14
35.7
Quebec
165
209
163
-21.1
1.2
2,076
2,057
0.9
Bankruptcies
112
153
128
-26.8
-12.5
1,517
1,502
1.0
Proposals
53
56
35
-5.4
51.4
559
555
0.7
Ontario
96
105
111
-8.6
-13.5
1,276
1,486
-14.1
Bankruptcies
65
78
84
-16.7
-22.6
986
1,143
-13.7
Proposals
31
27
27
14.8
14.8
290
343
-15.5
Manitoba
3
2
5
50.0
-40.0
50
68
-26.5
Bankruptcies
3
1
1
200.0
200.0
44
53
-17.0
Proposals
0
1
4
-100.0
-100.0
6
15
-60.0
Saskatchewan
12
10
8
20.0
50.0
120
146
-17.8
Bankruptcies
8
7
6
14.3
33.3
68
103
-34.0
Proposals
4
3
2
33.3
100.0
52
43
20.9
Alberta
12
17
31
-29.4
-61.3
234
347
-32.6
Bankruptcies
9
11
22
-18.2
-59.1
167
265
-37.0
Proposals
3
6
9
-50.0
-66.7
67
82
-18.3
British Columbia
22
28
9
-21.4
144.4
280
253
10.7
Bankruptcies
17
22
8
-22.7
112.5
200
196
2.0
Proposals
5
6
1
-16.7
400.0
80
57
40.4
Northwest Territories
0
0
0
--
--
0
1
-100.0
Bankruptcies
0
0
0
--
--
0
0
--
Proposals
0
0
0
--
--
0
1
-100.0
Yukon
0
0
0
--
--
2
2
0.0
Bankruptcies
0
0
0
--
--
2
2
0.0
Proposals
0
0
0
--
--
0
0
--
Nunavut
0
0
0
--
--
1
0
--
Bankruptcies
0
0
0
--
--
1
0
--
Proposals
0
0
0
--
--
0
0
--
Canada
333
390
342
-14.6
-2.6
4,261
4,552
-6.4
Bankruptcies
230
287
263
-19.9
-12.5
3,153
3,422
-7.9
Proposals
103
103
79
0.0
30.4
1,108
1,130
-1.9
Table 4: Insolvencies by NAICS Economic Sectors, Canada
Volume
% Change
12-Month Period Ending
June 2013
May 2013
June 2012
May 2013 to June 2013
June 2012 to June 2013
06-30-2013
06-30-2012
% Change
Agriculture, Forestry, Fishing and Hunting
6
10
13
-40.0
-53.8
100
133
-24.8
Bankruptcies
6
7
10
-14.3
-40.0
73
103
-29.1
Proposals
0
3
3
-100.0
-100.0
27
30
-10.0
Mining and Oil and Gas Extraction
3
5
3
-40.0
0.0
44
20
120.0
Bankruptcies
1
3
2
-66.7
-50.0
29
14
107.1
Proposals
2
2
1
0.0
100.0
15
6
150.0
Utilities
0
0
2
--
-100.0
15
16
-6.3
Bankruptcies
0
0
2
--
-100.0
6
13
-53.8
Proposals
0
0
0
--
--
9
3
200.0
Construction
57
64
78
-10.9
-26.9
761
797
-4.5
Bankruptcies
42
50
56
-16.0
-25.0
561
607
-7.6
Proposals
15
14
22
7.1
-31.8
200
190
5.3
Manufacturing
34
36
25
-5.6
36.0
429
505
-15.0
Bankruptcies
21
24
17
-12.5
23.5
294
364
-19.2
Proposals
13
12
8
8.3
62.5
135
141
-4.3
Wholesale Trade
11
20
24
-45.0
-54.2
224
251
-10.8
Bankruptcies
5
14
18
-64.3
-72.2
157
188
-16.5
Proposals
6
6
6
0.0
0.0
67
63
6.3
Retail Trade
39
43
47
-9.3
-17.0
535
631
-15.2
Bankruptcies
28
32
34
-12.5
-17.6
414
474
-12.7
Proposals
11
11
13
0.0
-15.4
121
157
-22.9
Transportation and Warehousing
20
21
24
-4.8
-16.7
257
271
-5.2
Bankruptcies
14
15
20
-6.7
-30.0
207
213
-2.8
Proposals
6
6
4
0.0
50.0
50
58
-13.8
Information and Cultural Industries
5
9
6
-44.4
-16.7
63
66
-4.5
Bankruptcies
4
9
5
-55.6
-20.0
53
53
0.0
Proposals
1
0
1
--
0.0
10
13
-23.1
Finance and Insurance
4
10
4
-60.0
0.0
78
83
-6.0
Bankruptcies
3
9
4
-66.7
-25.0
65
62
4.8
Proposals
1
1
0
0.0
--
13
21
-38.1
Real Estate and Rental and Leasing
15
12
3
25.0
400.0
125
113
10.6
Bankruptcies
14
10
3
40.0
366.7
96
76
26.3
Proposals
1
2
0
-50.0
--
29
37
-21.6
Professional, Scientific and Technical Services
20
27
20
-25.9
0.0
289
287
0.7
Bankruptcies
10
20
15
-50.0
-33.3
213
205
3.9
Proposals
10
7
5
42.9
100.0
76
82
-7.3
Management of Companies and Enterprises
9
7
5
28.6
80.0
66
58
13.8
Bankruptcies
6
3
5
100.0
20.0
49
46
6.5
Proposals
3
4
0
-25.0
--
17
12
41.7
Administrative and Support, Waste Management and Remediation Services