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Business insolvencies in Canada by assets and liabilities 2012-2019

In 2019, Canadian businesses who filed for insolvency had combined outstanding liabilities of 7.54 billion Canadian dollars at the time of filing. Meanwhile, their combined underlying assets amounted to 671.78 million Canadian dollars - just over six percent of the total outstanding liabilities.

Business insolvencies in Canada from 2012 to 2019, by assets and liabilities at the time of filing

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Source

Release date

May 2020

Region

Canada

Survey time period

2012 to 2019

Supplementary notes

Values include both businesses that made an assignment in bankruptcy or against whom a bankruptcy order has been made, and businesses who made formal proposals to settle debts under conditions other than the existing terms under the under the Bankruptcy and Insolvency Act.
Values prior to 2019 taken from previous annual reports.

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