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
| Province | Year | ||
| 2013 | 2012 | % Change |
|
| Yukon | 29 | 37 | -21.6 |
| Alberta | 8,258 | 9,202 | -10.3 |
| Ontario | 44,134 | 47,381 | -6.9 |
| Newfoundland and Labrador | 1,678 | 1,750 | -4.1 |
| Northwest Territories | 51 | 53 | -3.8 |
| Saskatchewan | 1,690 | 1,731 | -2.4 |
| Manitoba | 1,852 | 1,877 | -1.3 |
| Prince Edward Island | 617 | 618 | -0.2 |
| British Columbia | 11,802 | 11,696 | 0.9 |
| New Brunswick | 3,955 | 3,843 | 2.9 |
| Nova Scotia | 4,660 | 4,282 | 8.8 |
| Quebec | 39,947 | 35,925 | 11.2 |
| Nunavut | 5 | 3 | 66.7 |
*Source: http://www.ic.gc.ca/eic/site/bsf-osb.nsf/eng/h_br03211.html
Consumer Bankruptcy Statistics 2013 – Summary by Province and Type
| Province | Year | ||
| 2013 | 2012 | % Change |
|
| Newfoundland and Labrador | 1,678 | 1,750 | -4.1 |
| Bankruptcies | 1,524 | 1,611 | -5.4 |
| Proposals | 154 | 139 | 10.8 |
| Prince Edward Island | 617 | 618 | -0.2 |
| Bankruptcies | 440 | 472 | -6.8 |
| Proposals | 177 | 146 | 21.2 |
| Nova Scotia | 4,660 | 4,282 | 8.8 |
| Bankruptcies | 3,295 | 3,221 | 2.3 |
| Proposals | 1,365 | 1,061 | 28.7 |
| New Brunswick | 3,955 | 3,843 | 2.9 |
| Bankruptcies | 2,846 | 2,906 | -2.1 |
| Proposals | 1,109 | 937 | 18.4 |
| Quebec | 39,947 | 35,925 | 11.2 |
| Bankruptcies | 25,221 | 24,399 | 3.4 |
| Proposals | 14,726 | 11,526 | 27.8 |
| Ontario | 44,134 | 47,381 | -6.9 |
| Bankruptcies | 21,773 | 23,236 | -6.3 |
| Proposals | 22,361 | 24,145 | -7.4 |
| Manitoba | 1,852 | 1,877 | -1.3 |
| Bankruptcies | 1,214 | 1,276 | -4.9 |
| Proposals | 638 | 601 | 6.2 |
| Saskatchewan | 1,690 | 1,731 | -2.4 |
| Bankruptcies | 1,038 | 1,001 | 3.7 |
| Proposals | 652 | 730 | -10.7 |
| Alberta | 8,258 | 9,202 | -10.3 |
| Bankruptcies | 4,689 | 5,759 | -18.6 |
| Proposals | 3,569 | 3,443 | 3.7 |
| British Columbia | 11,802 | 11,696 | 0.9 |
| Bankruptcies | 7,130 | 7,562 | -5.7 |
| Proposals | 4,672 | 4,134 | 13 |
| Northwest Territories | 51 | 53 | -3.8 |
| Bankruptcies | 31 | 29 | 6.9 |
| Proposals | 20 | 24 | -16.7 |
| Yukon | 29 | 37 | -21.6 |
| Bankruptcies | 20 | 23 | -13 |
| Proposals | 9 | 14 | -35.7 |
| Nunavut | 5 | 3 | 66.7 |
| Bankruptcies | 3 | 0 | — |
| Proposals | 2 | 3 | -33.3 |
| Canada | 118,678 | 118,398 | 0.2 |
| Bankruptcies | 69,224 | 71,495 | -3.2 |
| Proposals | 49,454 | 46,903 | 5.4 |
*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