Bankruptcy Statistics 2013

The office of the Superintendent of Bankruptcy in Canada has released the official bankruptcy statistics for 2013. Here are the highlights:

  • 118,678 consumer insolvencies in 2013 a +0.2% increase compared to 2012
  • 69,224 consumer bankruptcies in 2013 which is a drop of -3.2% from 2012
  • 49,454 consumer proposals filed in 2013 which is an increase of +5.4% compared to 20124

To help visualize these statistics we’ve put together the following Bankruptcy Infographic showing how often people file bankruptcy in Canada:

We’ve also summarized the personal insolvency statistics below.

Consumer Bankruptcy Statistics 2013 – Summary by Province

ProvinceYear
20132012%
Change
Yukon2937-21.6
Alberta8,2589,202-10.3
Ontario44,13447,381-6.9
Newfoundland and Labrador1,6781,750-4.1
Northwest Territories5153-3.8
Saskatchewan1,6901,731-2.4
Manitoba1,8521,877-1.3
Prince Edward Island617618-0.2
British Columbia11,80211,6960.9
New Brunswick3,9553,8432.9
Nova Scotia4,6604,2828.8
Quebec39,94735,92511.2
Nunavut5366.7

*Source: http://www.ic.gc.ca/eic/site/bsf-osb.nsf/eng/h_br03211.html

 

Consumer Bankruptcy Statistics 2013 – Summary by Province and Type

ProvinceYear
20132012%
Change
Newfoundland and Labrador1,6781,750-4.1
Bankruptcies1,5241,611-5.4
Proposals15413910.8
Prince Edward Island617618-0.2
Bankruptcies440472-6.8
Proposals17714621.2
Nova Scotia4,6604,2828.8
Bankruptcies3,2953,2212.3
Proposals1,3651,06128.7
New Brunswick3,9553,8432.9
Bankruptcies2,8462,906-2.1
Proposals1,10993718.4
Quebec39,94735,92511.2
Bankruptcies25,22124,3993.4
Proposals14,72611,52627.8
Ontario44,13447,381-6.9
Bankruptcies21,77323,236-6.3
Proposals22,36124,145-7.4
Manitoba1,8521,877-1.3
Bankruptcies1,2141,276-4.9
Proposals6386016.2
Saskatchewan1,6901,731-2.4
Bankruptcies1,0381,0013.7
Proposals652730-10.7
Alberta8,2589,202-10.3
Bankruptcies4,6895,759-18.6
Proposals3,5693,4433.7
British Columbia11,80211,6960.9
Bankruptcies7,1307,562-5.7
Proposals4,6724,13413
Northwest Territories5153-3.8
Bankruptcies31296.9
Proposals2024-16.7
Yukon2937-21.6
Bankruptcies2023-13
Proposals914-35.7
Nunavut5366.7
Bankruptcies30
Proposals23-33.3
Canada118,678118,3980.2
Bankruptcies69,22471,495-3.2
Proposals49,45446,9035.4

*Source: http://www.ic.gc.ca/eic/site/bsf-osb.nsf/eng/h_br03211.html

For complete details please visit Insolvency Statistics in Canada—Fourth Quarter 2013