Receiverships: Fluctuating Volume and Decreasing Asset Values As Figure 5 reveals, 2023 started off with a comparatively lower volume of receiverships, but saw spiked volumes in May, August and November as the year went on. Annual receivership volume in 2023 totalled 474, which is 116.4% higher than the total of 219 receiverships in 2022 and 65.7% higher than a total of 286 receiverships in 2021. In fact, 2023 saw a return to the elevated 2019 and 2020 levels of receiverships, which were at 478 and 494 cases, respectively.
Figure 5: Receiverships in Canada by Volume
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This general observation continues to hold true when the aggregate number of receiverships is broken down into court-appointed and privately appointed receiverships, as shown in Figures 6 and 7, below.
Figure 6: Court-Appointed Receiverships in Canada by Volume
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Davies Insolvency Now: Issue 10
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