NEWS FLASH! March 3, 2010:
2009 Records the highest number of Insolvencies in History.

Consumer Bankruptcies were up 28.4% in 2009 compared with 2008 (116,381/90,160).

Business Bankruptcies were down by 12.1% in 2009 compared with 2008 (5,420/6,164).

Proposals were up by 38.5% in 2009 compared with 2008 (36,640/26,460).

Total Insolvencies were up by 28.6% in 2009 compared with 2008 (158,441/123,234).

For more information and more detailed analysis please refer to this site.

NEWS FLASH! January 21, 2010:
Canadian Insolvencies Increased by 12.8% for the Month of November, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 3.9% compared with the same month the previous year.

Business Bankruptcies were down by 21.7% compared with the same month the previous year.

Proposals were up by 48.6% compared with the same month the previous year.

For the 12 months ended November 30, 2009 Insolvencies were up by 31.4% compared with the previous year; (2009:157,688 - 2008:119.982).

For more information and more detailed analysis please refer to this site.

NEWS FLASH! December 15, 2009:
Canadian Insolvencies Increase by 7.3% for the Month of October, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were down 1.7% compared with the same month the previous year.

Business Bankruptcies were down by 13.5% compared with the same month the previous year.

Proposals were up by 41.9% compared with the same month the previous year.

For the 12 months ended October 31, 2009 Insolvencies are up by 31.9% compared with the previous year; (2009:156,255 - 2008:118,498).

NOTE:
Comparison of insolvencies for October, 2009 with the previous month probably will not be meaningful. There was a rush to file bankruptcy before the new harsher laws went into force on September 18, 2009. This means that the September, 2009 statistics were probably higher than normal and the October, 2009 statistics were probably lower than normal.

For more information and more detailed analysis please refer to this site.

NEWS FLASH! November 20, 2009:
Canadian Insolvencies Increase by 43.3% for the Month of September, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 47.4% compared with the same month the previous year.

Business Bankruptcies were down by 0.4% compared with the same month the previous year.

Proposals were up by 37.7% compared with the same month the previous year.

For the 12 months ended September 30, 2009 Insolvencies are up by 33.6% compared with the previous year; (2009:155,370 - 2008:116,282).

Provinces with Double Digit Changes in
the Insolvency Rate in September, 2009
compared with September, 2008.
NL 12.6
PE (10.2)
NS 27.4
NB 35.1
QC 29.2
ON 44.7
MB 17.4
SK 49.4
AB 109.4
BC 63.0

For more information and more detailed analysis please refer to this site.

NEWS FLASH! October 9, 2009:
Canadian Insolvencies Increase by 33.5% for the Month of August, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 36.7% compared with the same month the previous year.

Business Bankruptcies were down by 21.1% compared with the same month the previous year.

Proposals were up by 35.2% compared with the same month the previous year.

For the 12 months ended August 31, 2009 Insolvencies are up by 32.4% compared with the previous year; (2009:150,524 - 2008:113,678).

Provinces with Double Digit Changes in
the Insolvency Rate in August, 2009
compared with August, 2008.
NL 19.2
NS 16.1
NB 17.5
QC 23.1
ON 38.2
MB 34.2
SK 17.3
AB 69.8
BC 48.5

For more information and more detailed analysis please refer to this site.

NEWS FLASH! September 11, 2009: Statistics released on the Internet by Industry Canada

Canadian Insolvencies Increase by 34.6% for the Month of July, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 38.1% compared with the same month the previous year.

Business Bankruptcies were down by 5.3% compared with the same month the previous year.

Proposals were up by 31.1% compared with the same month the previous year.

For the 12 months ended July 31, 2009 Insolvencies are up by 28.8% compared with the previous year; (2009:147,387 - 2008:113,579).

Provinces with Double Digit Changes in
the Insolvency Rate in June, 2009
compared with June, 2008.
Province

% Increase
(Decrease)
PE 30.3
NS 33.1
NB 39.5
QC 20.8
ON 36.4
MB 15.2
AB 76.3
BC 66.4

For more information and more detailed analysis please refer to this site.

NEWS FLASH! August 11th, 2009:
Canadian Insolvencies Increase by 51.1% for the Month of June, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 54.3% compared with the same month the previous year.

Business Bankruptcies were up by 10.5% compared with the same month the previous year.

Proposals were up by 49.5% compared with the same month the previous year.

For the 12 months ended June 30, 2009 Insolvencies are up by 28.6% compared with the previous year; (2009:143,883 - 2008:111,910)

Provinces with Double Digit Changes in
the Insolvency Rate in June, 2009
compared with June, 2008.
Province

% Increase
(Decrease)
NL 43.9
PE 75.8
NS 16.5
NB 47.9
QC 49.6
ON 50.6
MB 34.1
SK 109.6
AB 102.2
BC 73.4

For more information and more detailed analysis please refer to this site.

NEWS FLASH! July 7th, 2009:
Canadian Insolvencies Increase by 30.3% for the Month of May, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 34.4% compared with the same month the previous year.

Business Bankruptcies were down by 16.2% compared with the same month the previous year.

Proposals were up by 28.4% compared with the same month the previous year.

For the 12 months ended May 31, 2009 Insolvencies are up by 24.8% compared with the previous year; (2009:139,003 - 2008:111,409)

Provinces with Double Digit Changes in
the Insolvency Rate in May, 2009
compared with May, 2008.
Province

% Increase
(Decrease)
NL 13.9
PE 54.2
NS 15.1
QC 15.2
ON 35.7
MB 23.1
SK 25.7
AB 71.7
BC 60.3

For more information and more detailed analysis please refer to this site.

NEWS FLASH! June 4th, 2009:
Canadian Insolvencies Increase by 32.2% for the Month of April, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 36.1% compared with the same month the previous year.

Business Bankruptcies were down by 10.6% compared with the same month the previous year.

Proposals were up by 29.7% compared with the same month the previous year.

For the 12 months ended April 30, 2009 Insolvencies are up by 22.1% compared with the previous year; (2009:135,927 - 2008:111,291)

Provinces with Double Digit Changes in
the Insolvency Rate in April, 2009
compared with April, 2008.

% Increase
(Decrease)
NL 30.6
PE 45.3
NB 45.3
QC 20.1
ON 32.8
MB 29.4
SK 34.7
AB 70.3
BC 68.8

For more information and more detailed analysis please refer to this site.

NEWS FLASH! May 12th, 2009:
Canadian Insolvencies Increase by 51.3% for the Month of March, 2009 compared with the Same Month in 2008.

Consumer Bankruptcies were up 57.0% compared with the same month the previous year.

Business Bankruptcies were down by 10.3% compared with the same month the previous year.

Proposals were up by 49.3% compared with the same month the previous year.

For the 12 months ending March 31, 2009 Insolvencies are up by 20.8% compared with the previous year; (2009:132,405 - 2008:109,622)

Provinces with Double Digit Changes in
the Insolvency Rate in March, 2009
compared with March, 2008.

% Increase
(Decrease)
NL 91.7
NS 16.9
NB 31.0
QC 42.3
ON 56.6
MB 41.8
SK 16.9
AB 75.8
BC 69.0

For more information and more detailed analysis please refer to this site.