Laurentian University may survive its financial challenges, insolvency trustee says A licenced insolvency trustee in Sudbury says Laurentian University should have a good chance at successfully restructuring and surviving it's financial challenges. Social Sharing This is the first time an Ontario university or college has ever filed for creditor protection, officials say CBC News · Posted: Feb 03, 2021 5:30 AM ET | Last Updated: February 4 Laurentian University is in creditor protection — and needs to make a plan to restructure and recover from its current financial situation.(Yvon Theriault/Radio-Canada)