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Insolvency Statistics in Canada—January 2018 (br03905)

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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% or more of total liabilities as a result of operating a business.

Consumer: An individual with more than 50% 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
ProvinceVolume% Change12-Month Period Ending
January 2018December 2017January 2017Dec. 2017
to
Jan. 2018
Jan. 2017
to
Jan. 2018
01-31-201801-31-2017% Change
Newfoundland and Labrador22916418639.623.12,5582,4623.9
Bankruptcies1089411914.9-9.21,3791,583-12.9
Proposals121706772.980.61,17987934.1
Prince Edward Island4542427.17.1688803-14.3
Bankruptcies25212019.025.0402496-19.0
Proposals202122-4.8-9.1286307-6.8
Nova Scotia3783754150.8-8.95,7366,096-5.9
Bankruptcies229261280-12.3-18.23,7994,284-11.3
Proposals14911413530.710.41,9371,8126.9
New Brunswick279362290-22.9-3.84,4074,513-2.3
Bankruptcies132192142-31.3-7.02,4902,913-14.5
Proposals147170148-13.5-0.71,9171,60019.8
Quebec3,4443,0633,19112.47.943,98445,072-2.4
Bankruptcies1,7051,6991,7620.4-3.224,15325,831-6.5
Proposals1,7391,3641,42927.521.719,83119,2413.1
Ontario2,8292,6872,9335.3-3.538,94140,667-4.2
Bankruptcies1,0451,1801,105-11.4-5.415,90817,571-9.5
Proposals1,7841,5071,82818.4-2.423,03323,096-0.3
Manitoba179190170-5.85.32,6522,6400.5
Bankruptcies7611786-35.0-11.61,3981,467-4.7
Proposals103738441.122.61,2541,1736.9
Saskatchewan2682472428.510.73,2843,1195.3
Bankruptcies96124123-22.6-22.01,4451,535-5.9
Proposals17212311939.844.51,8391,58416.1
Alberta1,0899731,00711.98.113,56313,4410.9
Bankruptcies3883593998.1-2.85,1285,552-7.6
Proposals70161460814.215.38,4357,8896.9
British Columbia8237707906.94.210,16910,990-7.5
Bankruptcies36629935122.44.34,2784,827-11.4
Proposals457471439-3.04.15,8916,163-4.4
Northwest Territories786-12.516.7826526.2
Bankruptcies141-75.00.0523548.6
Proposals64550.020.030300.0
Yukon351-40.0200.03951-23.5
Bankruptcies120-50.0n/a1926-26.9
Proposals231-33.3100.02025-20.0
Nunavut030-100.0n/a48-50.0
Bankruptcies020-100.0n/a220.0
Proposals010-100.0n/a26-66.7
Canada9,5738,8899,2737.73.2126,107129,927-2.9
Bankruptcies4,1724,3544,388-4.2-4.960,45366,122-8.6
Proposals5,4014,5354,88519.110.665,65463,8052.9
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
January 2018December 2017January 2017Dec. 2017
to
Jan. 2018
Jan. 2017
to
Jan. 2018
01-31-201801-31-2017% Change
Newfoundland and Labrador22816418539.023.22,5222,4343.6
Bankruptcies1079411913.8-10.11,3551,562-13.3
Proposals121706672.983.31,16787233.8
Prince Edward Island4442414.87.3676789-14.3
Bankruptcies24211914.326.3392488-19.7
Proposals202122-4.8-9.1284301-5.6
Nova Scotia3733724120.3-9.55,6856,024-5.6
Bankruptcies224259277-13.5-19.13,7544,224-11.1
Proposals14911313531.910.41,9311,8007.3
New Brunswick277351288-21.1-3.84,3504,455-2.4
Bankruptcies130189140-31.2-7.12,4472,867-14.6
Proposals147162148-9.3-0.71,9031,58819.8
Quebec3,2832,8983,06013.37.341,89342,911-2.4
Bankruptcies1,5921,5671,6631.6-4.322,57624,203-6.7
Proposals1,6911,3311,39727.021.019,31718,7083.3
Ontario2,7602,6132,8785.6-4.138,04939,725-4.2
Bankruptcies9921,1331,065-12.4-6.915,26316,882-9.6
Proposals1,7681,4801,81319.5-2.522,78622,843-0.2
Manitoba174187167-7.04.22,6112,5910.8
Bankruptcies7111483-37.7-14.51,3631,434-5.0
Proposals103738441.122.61,2481,1577.9
Saskatchewan26223623511.011.53,1493,0064.8
Bankruptcies94115117-18.3-19.71,3451,447-7.0
Proposals16812111838.842.41,8041,55915.7
Alberta1,08195899712.88.413,37013,2720.7
Bankruptcies3833503919.4-2.05,0005,428-7.9
Proposals69860860614.815.28,3707,8446.7
British Columbia8167547738.25.610,03410,797-7.1
Bankruptcies36229233624.07.74,1724,681-10.9
Proposals454462437-1.73.95,8626,116-4.2
Northwest Territories786-12.516.7816524.6
Bankruptcies141-75.00.0513545.7
Proposals64550.020.030300.0
Yukon351-40.0200.03951-23.5
Bankruptcies120-50.0n/a1926-26.9
Proposals231-33.3100.02025-20.0
Nunavut030-100.0n/a47-42.9
Bankruptcies020-100.0n/a21100.0
Proposals010-100.0n/a26-66.7
Canada9,3088,5919,0438.32.9122,463126,127-2.9
Bankruptcies3,9814,1424,211-3.9-5.557,73963,278-8.8
Proposals5,3274,4494,83219.710.264,72462,8493.0
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
January 2018December 2017January 2017Dec. 2017
to
Jan. 2018
Jan. 2017
to
Jan. 2018
01-31-201801-31-2017% Change
Newfoundland and Labrador101n/a0.0362828.6
Bankruptcies100n/an/a242114.3
Proposals001n/a-100.012771.4
Prince Edward Island101n/a0.01214-14.3
Bankruptcies101n/a0.010825.0
Proposals000n/an/a26-66.7
Nova Scotia53366.766.75172-29.2
Bankruptcies523150.066.74560-25.0
Proposals010-100.0n/a612-50.0
New Brunswick2112-81.80.05758-1.7
Bankruptcies232-33.30.04346-6.5
Proposals080-100.0n/a141216.7
Quebec161165131-2.422.92,0912,161-3.2
Bankruptcies11313299-14.414.11,5771,628-3.1
Proposals48333245.550.0514533-3.6
Ontario697455-6.825.5892942-5.3
Bankruptcies53474012.832.5645689-6.4
Proposals162715-40.76.7247253-2.4
Manitoba53366.766.74149-16.3
Bankruptcies53366.766.735336.1
Proposals000n/an/a616-62.5
Saskatchewan6117-45.5-14.313511319.5
Bankruptcies296-77.8-66.71008813.6
Proposals421100.0300.0352540.0
Alberta81510-46.7-20.019316914.2
Bankruptcies598-44.4-37.51281243.2
Proposals362-50.050.0654544.4
British Columbia71617-56.3-58.8135193-30.1
Bankruptcies4715-42.9-73.3106146-27.4
Proposals392-66.750.02947-38.3
Northwest Territories000n/an/a10n/a
Bankruptcies000n/an/a10n/a
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a01-100.0
Bankruptcies000n/an/a01-100.0
Proposals000n/an/a00n/a
Canada265298230-11.115.23,6443,800-4.1
Bankruptcies191212177-9.97.92,7142,844-4.6
Proposals748653-14.039.6930956-2.7
Table 4: Insolvencies byNAICSEconomic Sectors, Canada
sectorVolume% Change12-Month Period Ending
January 2018December 2017January 2017Dec. 2017
to
Jan. 2018
Jan. 2017
to
Jan. 2018
01-31-201801-31-2017% Change
Agriculture, Forestry, Fishing and Hunting677-14.3-14.36790-25.6
Bankruptcies5540.025.05063-20.6
Proposals123-50.0-66.71727-37.0
Mining and Oil and Gas Extraction261-66.7100.04870-31.4
Bankruptcies030-100.0n/a3047-36.2
Proposals231-33.3100.01823-21.7
Utilities011-100.0-100.0510-50.0
Bankruptcies011-100.0-100.05425.0
Proposals000n/an/a06-100.0
Construction6359446.843.2679704-3.6
Bankruptcies424434-4.523.5487514-5.3
Proposals21151040.0110.01921901.1
Manufacturing183019-40.0-5.334228918.3
Bankruptcies101514-33.3-28.623420812.5
Proposals8155-46.760.01088133.3
Wholesale Trade101610-37.50.0172180-4.4
Bankruptcies8129-33.3-11.1121144-16.0
Proposals241-50.0100.0513641.7
Retail Trade39352711.444.4415440-5.7
Bankruptcies283318-15.255.63293193.1
Proposals1129450.022.286121-28.9
Transportation and Warehousing16131623.10.0223229-2.6
Bankruptcies1591366.715.4173179-3.4
Proposals143-75.0-66.750500.0
Information and Cultural Industries75640.016.76273-15.1
Bankruptcies75540.040.04858-17.2
Proposals001n/a-100.01415-6.7
Finance and Insurance453-20.033.367619.8
Bankruptcies343-25.00.052504.0
Proposals1100.0n/a151136.4
Real Estate and Rental and Leasing577-28.6-28.6134152-11.8
Bankruptcies5540.025.099972.1
Proposals023-100.0-100.03555-36.4
Professional, Scientific and Technical Services182216-18.212.5258293-11.9
Bankruptcies131513-13.30.0199224-11.2
Proposals573-28.666.75969-14.5
Management of Companies and Enterprises674-14.350.0847315.1
Bankruptcies5540.025.0655225.0
Proposals120-50.0n/a1921-9.5
Administrative and Support, Waste Management and Remediation Services71013-30.0-46.2144189-23.8
Bankruptcies4910-55.6-60.0104142-26.8
Proposals313200.00.04047-14.9
Educational Services2200.0n/a393221.9
Bankruptcies210100.0n/a332065.0
Proposals010-100.0n/a612-50.0
Health Care and Social Assistance2104-80.0-50.0796816.2
Bankruptcies163-83.3-66.7605117.6
Proposals141-75.00.0191711.8
Arts, Entertainment and Recreation127471.4200.0877811.5
Bankruptcies86333.3166.764614.9
Proposals411300.0300.0231735.3
Accommodation and Food Services3737370.00.0544598-9.0
Bankruptcies27213128.6-12.9400468-14.5
Proposals10166-37.566.714413010.8
Other Services (except Public Administration)101911-47.4-9.118916812.5
Bankruptcies7138-46.2-12.515614110.6
Proposals363-50.00.0332722.2
Public Administration100n/an/a63100.0
Bankruptcies100n/an/a52150.0
Proposals000n/an/a110.0
Total265298230-11.115.23,6443,800-4.1
Bankruptcies191212177-9.97.92,7142,844-4.6
Proposals748653-14.039.6930956-2.7