CCAA Statistics in Canada—First Quarter of 2012

Tables

Definitions

CCAA:

The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.

Cross-Border Proceedings:

When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court could generally be referred to as foreign non-main proceedings.

North American Industry Classification System (NAICS):

The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.

Table 1: Total CCAA Proceedings—Domestic
Empty cell Volume +/-
Change
12-Month Period Ending
Q1 2012 Q4 2011 Q1 2011 Q4 2011 -
Q1 2012
Q1 2011 -
Q1 2012
03-31-2012 03-31-2011 +/-
Change

Footnotes

Footnote 1

Proceedings filed are counted according to the date when Form 1, Information Pertaining to Initial Order, was filed with the OSB.

Return to footnote 1 referrer

Footnote 2

Deemed trust and contingent liabilities are not included in Total Liabilities.

Return to footnote 2 referrer

Total Domestic Proceedings FiledFootnote 1 14 15 8 -1 +6 46 21 +25
Filing Affiliates 107 76 20 +31 +87 243 91 +152
Filed by Publicly-Traded Companies 6 4 2 +2 +4 108 27 +81
Filed by Privately-Held Companies 8 11 6 -3 +2 135 64 +71
Total Liabilities—
Book Value ($millions)
Footnote 2
$2,580.675 $815.096 $831.757 $1,765.578 $1,748.917 $10,688.993 $2,917.641 $7,771.352
% of Secured Liabilities 41.22% 41.18% 8.64% 69.70% 51.72%
% of Unsecured Liabilities 58.78% 58.82% 91.36% 30.30% 48.28%
Total Assets— Book Value ($millions) $2,746.563 $880.324 $495.553 $1,866.240 $2,251.010 $8,787.350 $3,548.498 $5,238.852
Table 2: Total CCAA Proceedings—Cross-Border
Empty cell Volume +/-
Change
12-Month Period Ending
Q1 2012 Q4 2011 Q1 2011 Q4 2011 -
Q1 2012
Q1 2011 -
Q1 2012
03-31-2012 03-31-2011 +/-
Change

Footnotes

Footnote 3

Proceedings filed are counted according to the date when Form 1, Information Pertaining to Initial Order, was filed with the OSB.

Return to footnote 3 referrer

Footnote 4

Deemed trust and contingent liabilities are not included in Total Liabilities.

Return to footnote 4 referrer

Total Cross-Border Proceedings FiledFootnote 3 0 1 0 -1 0 3 7 -4
Foreign Main Proceedings 0 1 0 -1 0 3 7 -4
Foreign Non-Main Proceedings 0 0 0 0 0 0 0 0
Total Liabilities—
Book Value ($millions)
Footnote 4
$0.000 $74.225 $0.000 -$74.225 $0.000 $76.920 $23,791.369 -$23,714.449
Total Assets—
Book Value ($millions)
$0.000 $19.337 $0.000 -$19.337 $0.000 $29.600 $26,274.255 -$26,244.655
Table 3: Total CCAA Proceedings Filed by Province
Empty cell Volume +/-
Change
12-Month Period Ending
Q1 2012 Q4 2011 Q1 2011 Q4 2011 -
Q1 2012
Q1 2011 -
Q1 2012
03-31-2012 03-31-2011 +/-
Change
Newfoundland and Labrador Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Prince Edward Island Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Nova Scotia 1 Empty cell 1 +1 Empty cell 2 1 +1
Domestic 1 Empty cell 1 +1 Empty cell 2 1 +1
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
New Brunswick Empty cell Empty cell Empty cell Empty cell Empty cell 1 Empty cell +1
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell 1 Empty cell +1
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Quebec 2 3 3 -1 -1 9 8 +1
Domestic 2 3 3 -1 -1 9 6 +3
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell 2 -2
Ontario 7 5 Empty cell +2 +7 17 7 +10
Domestic 7 4 Empty cell +3 +7 14 3 +11
Cross-Border Empty cell 1 Empty cell -1 Empty cell 3 4 -1
Manitoba 1 Empty cell Empty cell +1 +1 1 Empty cell +1
Domestic 1 Empty cell Empty cell +1 +1 1 Empty cell +1
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Saskatchewan Empty cell Empty cell Empty cell Empty cell Empty cell 1 Empty cell +1
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell 1 Empty cell +1
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Alberta 1 3 1 -2 Empty cell 6 6 Empty cell
Domestic 1 3 1 -2 Empty cell 6 5 +1
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell 1 -1
British Columbia 2 5 3 -3 -1 12 6 +6
Domestic 2 5 3 -3 -1 12 6 +6
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Northwest Territories Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Yukon Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Nunavut Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Canada 14 16 8 -2 +6 49 28 +21
Domestic 14 15 8 -1 +6 46 21 +25
Cross-Border Empty cell 1 Empty cell -1 Empty cell 3 7 -4
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 5
Empty cell Volume +/-
Change
12-Month Period Ending
Q1 2012 Q4 2011 Q1 2011 Q4 2011 -
Q1 2012
Q1 2011 -
Q1 2012
03-31-2012 03-31-2011 +/-
Change

Footnotes

Footnote 5

More than one NAICS code can be reported by debtor companies undergoing CCAA proceedings.

Return to footnote 5 referrer

Agriculture, Forestry, Fishing and Hunting Empty cell 2 Empty cell -2 Empty cell 3 1 +2
Domestic Empty cell 2 Empty cell -2 Empty cell 3 1 +2
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Mining and Oil and Gas Extraction 1 2 1 -1 Empty cell 6 3 +3
Domestic 1 2 1 -1 Empty cell 6 2 +4
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell 1 -1
Utilities Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Construction Empty cell 1 Empty cell -1 Empty cell 1 4 -3
Domestic Empty cell 1 Empty cell -1 Empty cell 1 4 -3
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Manufacturing 5 4 4 +1 +1 14 9 +5
Domestic 5 4 4 +1 +1 14 7 +7
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell 2 -2
Wholesale Trade 2 Empty cell 1 +2 +1 4 3 +1
Domestic 2 Empty cell 1 +2 +1 4 2 +2
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell 1 -1
Retail Trade Empty cell 3 Empty cell -3 Empty cell 5 2 +3
Domestic Empty cell 3 Empty cell -3 Empty cell 5 2 +3
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Transportation and Warehousing 2 Empty cell Empty cell +2 +2 2 3 -1
Domestic 2 Empty cell Empty cell +2 +2 2 1 +1
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell 2 -2
Information and Cultural Industries Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell 1 -1
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell 1 -1
Finance and Insurance 2 Empty cell Empty cell +2 +2 3 Empty cell +3
Domestic 2 Empty cell Empty cell +2 +2 3 Empty cell +3
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Real Estate, Rental and Leasing 1 2 Empty cell -1 +1 5 Empty cell +5
Domestic 1 2 Empty cell -1 +1 5 Empty cell +5
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Professional, Scientific and Technical Services Empty cell Empty cell 1 Empty cell -1 2 1 +1
Domestic Empty cell Empty cell 1 Empty cell -1 2 1 +1
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Management of Companies and Enterprises Empty cell 1 Empty cell -1 Empty cell 3 Empty cell +3
Domestic Empty cell 1 Empty cell -1 Empty cell 3 Empty cell +3
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Administrative and Support, Waste Management and Remediation Services Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Educational Services Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Health Care and Social Assistance 1 Empty cell Empty cell +1 +1 1 Empty cell +1
Domestic 1 Empty cell Empty cell +1 +1 1 Empty cell +1
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Arts, Entertainment and Recreation Empty cell 1 1 -1 -1 1 1 Empty cell
Domestic Empty cell 1 1 -1 -1 1 1 Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Accommodation and Food Services Empty cell Empty cell Empty cell Empty cell Empty cell 2 Empty cell +2
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell 1 Empty cell +1
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell 1 Empty cell +1
Other Services (except Public Administration) Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Cross-Border Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell Empty cell
Public Administration Empty cell 1 Empty cell -1 Empty cell 3 Empty cell +3
Domestic Empty cell Empty cell Empty cell Empty cell Empty cell 1 Empty cell +1
Cross-Border Empty cell 1 Empty cell -1 Empty cell 2 Empty cell +2
Canada 14 17 8 -3 +6 55 28 +27
Domestic 14 16 8 -2 +6 52 21 +31
Cross-Border Empty cell 1 Empty cell -1 Empty cell 3 7 -4