Bankruptcy statistics in Canada for 2010

Table 1: Total Insolvencies

	Volume			% Change		12-Month Period Ending
	Q1 2010	Q4 2009	Q1 2009	Q4 2009 to Q1 2010	Q1 2009 to Q1 2010	03-31-2010	03-31-2009	% Change
Newfoundland and Labrador	671	582	674	15.3	-0.4	2 698	2 372	13.7
Bankruptcies	637	552	637	15.4	0.0	2 575	2 297	12.1
Proposals	34	30	37	13.3	-8.1	123	75	64.0
Prince Edward Island	136	174	114	-21.8	19.3	599	482	24.3
Bankruptcies	118	155	110	-23.9	7.3	548	459	19.4
Proposals	18	19	4	-5.3	350.0	51	23	121.7
Nova Scotia	1 297	1 344	1 237	-3.5	4.9	5 540	4 849	14.3
Bankruptcies	1 076	1 110	1 037	-3.1	3.8	4 764	4 204	13.3
Proposals	221	234	200	-5.6	10.5	776	645	20.3
New Brunswick	888	898	839	-1.1	5.8	4 023	3 421	17.6
Bankruptcies	735	731	697	0.5	5.5	3 426	2 921	17.3
Proposals	153	167	142	-8.4	7.7	597	500	19.4
Quebec	10 146	10 228	11 136	-0.8	-8.9	43 124	39 133	10.2
Bankruptcies	7 461	7 679	9 105	-2.8	-18.1	34 239	32 155	6.5
Proposals	2 685	2 549	2 031	5.3	32.2	8 885	6 978	27.3
Ontario	14 566	16 439	15 821	-11.4	-7.9	68 239	57 505	18.7
Bankruptcies	8 750	10 548	11 138	-17.0	-21.4	46 341	41 390	12.0
Proposals	5 816	5 891	4 683	-1.3	24.2	21 898	16 115	35.9
Manitoba	686	734	737	-6.5	-6.9	3 119	2 840	9.8
Bankruptcies	518	559	592	-7.3	-12.5	2 434	2 221	9.6
Proposals	168	175	145	-4.0	15.9	685	619	10.7
Saskatchewan	669	601	606	11.3	10.4	2 715	2 128	27.6
Bankruptcies	456	398	452	14.6	0.9	1 959	1 640	19.5
Proposals	213	203	154	4.9	38.3	756	488	54.9
Alberta	2 917	2 750	2 883	6.1	1.2	12 596	9 020	39.6
Bankruptcies	2 202	2 107	2 467	4.5	-10.7	10 126	7 552	34.1
Proposals	715	643	416	11.2	71.9	2 470	1 468	68.3
British Columbia	3 304	3 083	3 274	7.2	0.9	13 644	10 580	29.0
Bankruptcies	2 524	2 379	2 724	6.1	-7.3	10 819	8 717	24.1
Proposals	780	704	550	10.8	41.8	2 825	1 863	51.6
Northwest Territories	11	5	11	120.0	0.0	47	33	42.4
Bankruptcies	8	4	7	100.0	14.3	40	28	42.9
Proposals	3	1	4	200.0	-25.0	7	5	40.0
Yukon	8	15	6	-46.7	33.3	48	34	41.2
Bankruptcies	5	11	5	-54.5	0.0	41	29	41.4
Proposals	3	4	1	-25.0	200.0	7	5	40.0
Nunavut	1	3	1	-66.7	0.0	10	8	25.0
Bankruptcies	1	2	1	-50.0	0.0	8	8	0.0
Proposals	0	1	0	-100.0	--	2	0	--
Canada	35 300	36 856	37 339	-4.2	-5.5	156 402	132 405	18.1
Bankruptcies	24 491	26 235	28 972	-6.6	-15.5	117 320	103 621	13.2
Proposals	10 809	10 621	8 367	1.8	29.2	39 082	28 784	35.8

What you should know about bankruptcy

Administrator of consumer proposals

An administrator of consumer proposals is a trustee in bankruptcy or a person appointed by the
Superintendent of Bankruptcy. British Columbia (1-800-663-7867), Saskatchewan (1-306-933-6520) and Nova Scotia (1-902-424-7020) provide administration of consumer proposals. You may wish to contact the appropriate provincial department. With regard to
trustees in bankruptcy, their names may usually be found in the Yellow Pages under the headings of “Bankruptcy” or “Trustees in Bankruptcy.”

Assets acquired during bankruptcy You must assign to your trustee all assets acquired
during your bankruptcy, including lottery winnings and inheritances, so they can be divided among your creditors.

Assets and property
In a bankruptcy, you must assign all your assets to the trustee, except for exempt property, such as basic furniture and tools-of-trade needed to make your living. Exempt property can vary from province to province. Your trustee can tell you what these are.

Bankrupt
This is the legal status of a person who declares bankruptcy.

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