Page 5 - Restructuring Professionals News Today

Signs are mounting that households and businesses are struggling to manage the rising cost of debt in Canada. Read more.

Signs are mounting that households and businesses are struggling to manage the rising cost of debt in Canada. Read more.

Many more Canadians are declaring bankruptcy compared to this time last year as the nation faces soaring inflation.

Consumer insolvencies were up 16.3 per cent in November 2022 compared with the same month the year prior, and business insolvencies were up 58.3 per cent.

Consumer insolvencies were up 16.3 per cent in November 2022 compared with the same month the year prior, and business insolvencies were up 58.3 per cent.

Is your debt getting out of control? Dont know where to turn for help? You are not alone. As part of Financial Literacy Month 2022, the Office of the

There is a concern that more Canadians are reaching their financial breaking point as bankruptcies nationwide increase significantly.

加拿大破产潮来了：9月份个人破产增22.5%，企业破产增37%2022年11月10日 加国无忧 作者：谈海根据加拿大破产管理办公室(OSB)的最新数据，在金融环境更加严峻的情况下，9...

The number of bankruptcies filed by Canadian businesses is on the incline, according to the Canadian Association of Insolvency and Restructuring Professionals. One expert warns this surge could signal a growing wave of defaults among businesses in Canada over the months and years to come.

Lombard North Central Plc v European Skyjets Ltd; Guidance for Lenders and Restructuring Professionals. The Court found in favour of Lombard. Lombard was judged to have been entitled to terminate and accelerate the loan agreement albeit on the basis of misrepresentation.