NL Consumer Insolvency Trends
Ken Rowan
January 5, 2024
Full site: debtsgo.ca
Data to
November 2023 For data source see notes following.
Newfoundland & Labrador
Monthly Filings
Consumer insolvencies in November 2023 were up 6.4% from October and up 19.3% year-over-year.
Consumer Proposals
CPs in November 2023 represented 74.4% of all consumer insolvencies.
File Growth
Cities
Most Active
10-Year Monthly Highs and Lows
New Highs - none
New Lows - none
Monthly Growth
Yearly Growth
Forward Sortation Areas
Most Actives
| FSA | FSA.Place.Name | City | Nov2023 | Mean | Nov2023.over.Mean |
|---|---|---|---|---|---|
| A0A | Southeastern Avalon Peninsula (Ferryland) | Rural Area | 20 | 18.2 | 110.0% |
| A1N | Mount Pearl | Mount Pearl | 16 | 10.1 | 157.8% |
| A0G | Northeast Newfoundland (Lewisporte) | Rural Area | 14 | 13.4 | 104.5% |
| A1E | St. John’s Central | St. John’s | 11 | 10.3 | 106.3% |
| A1V | Gander | Gander | 10 | 4.9 | 203.0% |
| A1X | Conception Bay | Conception Bay | 10 | 6.0 | 166.2% |
| A0B | Western Avalon Peninsula (Argentia) | Rural Area | 9 | 7.5 | 120.5% |
| A0C | Bonavista Peninsula (Bonavista) | Rural Area | 9 | 4.9 | 184.3% |
| A0K | Northwest Newfoundland/Eastern Labrador (Mary’s Harbour) | Rural Area | 9 | 6.3 | 142.1% |
| A2H | Corner Brook | Corner Brook | 9 | 9.2 | 98.0% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| A1L | Paradise | Paradise | 98 | 46 | 88.5% |
| A2H | Corner Brook | Corner Brook | 125 | 47 | 60.3% |
| A0K | Northwest Newfoundland/Eastern Labrador (Mary’s Harbour) | Rural Area | 109 | 37 | 51.4% |
| A0B | Western Avalon Peninsula (Argentia) | Rural Area | 106 | 34 | 47.2% |
| A0G | Northeast Newfoundland (Lewisporte) | Rural Area | 172 | 28 | 19.4% |
| A1N | Mount Pearl | Mount Pearl | 118 | 19 | 19.2% |
| A1A | St. John’s North | St. John’s | 102 | 13 | 14.6% |
| A0E | Burin Peninsula (Marystown) | Rural Area | 98 | 12 | 14.0% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| A0H | Central Newfoundland (Bishops Falls) | Rural Area | 72 | -5 | -6.5% |
| A1X | Conception Bay | Conception Bay | 64 | -3 | -4.5% |
| A0A | Southeastern Avalon Peninsula (Ferryland) | Rural Area | 195 | 14 | 7.7% |
Notes
FSA and Forward Sortation Area are protected terms for the benefit of Canada Post Corporation.
Data source: The Office of the Superintendent of Bankruptcy (“OSB”), Innovation, Science and Economic Development Canada, data sets 2013 to November 2023, https://open.canada.ca/ , debtsgo.ca
Consumer bankruptcies and consumer proposals are as defined by the BIA and the OSB. For definitions, see https://open.canada.ca/
Ken Rowan is a retired Licensed Insolvency Trustee and a retired CPA-CA, CA.
Questions or Comments? Email debtsgo.ca