Companie Creditors News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Black Press Ltd., a news empire of more than 150 publications founded by Victoria’s David Black, has filed for creditor protection.

Going into this year’s cash-flow turbulence, the Echo Bay company had no lawyer, no chief financial officer and no liability insurance for its officers and directors

Following intense government scrutiny and public backlash, Laurentian is releasing over three million documents that could help shed light on the Sudbury, Ont., university's insolvency, according to an MPP from the region.

As widely reported, on February 1, 2021 Laurentian University obtained creditor protection under the Companies' Creditors Arrangement Act (CCAA). This is an unprecedented occurrence amongst publicly funded Canadian universities and colleges, though in B.C., we have had recent experience with the insolvency of Quest University, a privately funded non-profit university. The materials related to Laurentian's CCAA filing, including the Court's orders, can be found here: Restructuring Document Centre 2.0 (ey.com). The document entitled Endorsement makes particularly interesting reading, as it di...

To print this article, all you need is to be registered or login on Mondaq.com. The COVID-19 pandemic is projected to have a devastating impact on the Canadian economy. A recent report released by the Parliamentary Budget Officer indicated that the federal deficit could exceed $250 billion in 2020-21 and that Canada's GDP could contract by as much as 12 percent. 1 These projections should come as no surprise given the effective shutdown of the Canadian economy and the financial measures adopted by all levels of government to limit the economic impact of the pandemic. 2...