Deciding to file for bankruptcy is a difficult decision. Online via the OSB website; By telephone (call 1-866-941-2863 between 8:30 a.m. and 4:00 p.m. EST) ), To search by name, enter the information you know in any order in the space provided and click "Search." Bankruptcies in Canada averaged 362.22 Companies from 2004 until 2020, reaching an all time high of 872 Companies in March of 2004 and a record low of 108 Companies in April of 2020. If there are fewer than 10 or none, the message will read "10 or fewer matches were found (including no matches found).". The purpose behind bankruptcy is to eliminate your debts and give you a fresh start. What are the Pros and Cons of filing for Bankruptcy >> Perhaps the most significant benefit of bankruptcy is the automatic stay of proceedings granted when you file. The Parliament of Canada has exclusive jurisdiction to regulate matters relating to bankruptcy and insolvency, by virtue of s.91 of the Constitution Act, 1867.It has passed the following statutes as a result: The Bankruptcy and Insolvency Act ("BIA") ; The Companies' Creditors Arrangements Act ("CCAA") ; The Farm Debt Mediation Act; The Wage Earner Protection Program Act According to the most recent Canadian Federation of Independent Business survey, one in seven Canadian small businesses (158,000) are at risk of closing. Q. Bankruptcy in Canada is a legal process to deal with your debts, administered by a trustee in bankruptcy. If you don't already have an account, please register online with Industry Canada. all companies that have been granted protection under the Companies´ Creditors Arrangement … Office of the Superintendent of Bankruptcy – search insolvency records, understand bankruptcy and consumer proposals. Q. A. Companies under creditor protection A list of companies that have been granted protection under the Companies' Creditors Arrangement Act . We suggest you start with the name only. What if I know the exact name of the company? Innovation, Science and Economic Development Canada. Canadian Bankruptcies Jump At Fastest Pace Since Financial Crisis Research suggests Canadians are under immense social pressure to spend money, and that's driving debt. Click on the "CCAA Records" tab.). In December 2007, personal bankruptcies amounted to 5,192 while business bankruptcies were 467. all companies that have been granted protection under the Companies´ Creditors Arrangement Act (CCAA) since September 18, 2009. The cost to view the results of a search is $8 for each set of 10 (or fewer) records. Don't forget to print the details of the results of your search or save them to your desktop. (Only companies that owe creditors at least $5 million can file for protection under the CCAA.). This allows you to view previous searches. The Bankruptcy and Insolvency Records Search database contains: Office of the Superintendent of Bankruptcy Canada, basic debtor information of all bankruptcies and proposals registered in Canada since 1978, all receiverships registered with our office since January 1993, all petitions recorded at our office; and. You will be charged $8 for every set of 10 records you view. Bankruptcy and insolvency records search A database of all bankruptcies and proposals filed in Canada. records list. Online via the OSB website; By telephone (call 1-866-941-2863 between 8:30 a.m. and 4:00 p.m. EST) Note: The records of companies that have filed under the Companies' Creditors Arrangement Act (CCAA) since September 18, 2009 are now included in the Bankruptcy and Insolvency Records. Why Canadian Bankruptcies Are On The Rise. Federal government figures show that last year in Canada, 4.6 out of every 1,000 adult consumers filed for insolvency, either by declaring bankruptcy or … However, if you find what you are looking for in the second set of 10 records and stop there, the total cost of your search will be $16. The survey said 62 percent of small businesses are fully open; 37 percent are fully staffed; and only 26 percent are making normal sales. Note that records that are missing birthdate information may not appear in the list of results. The system will tell you the maximum cost for viewing all of the results. You can also use an asterisk (*) to replace one or more unknown letters (searching using wild cards). Bankruptcy and Insolvency Records Search - The Office of the Superintendent of Bankruptcy Canada contain a nationwide database of the records of: basic debtor information of all bankruptcies and proposals registered in Canada since 1978; all receiverships registered since January 1993; all petitions recorded; and Canada Business Directory Resource for locating businesses nationwide. A list of all bankruptcies and proposals filed in Canada. You may pay by credit card or, if you plan to use the service regularly, … Bankruptcies in Canada decreased to 165 Companies in November from 178 Companies in October of 2020. Before viewing them, you will be told the total number of records found and the maximum cost to view all of the results. 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