Bankruptcy

• Spirit Airlines expected to exit Chapter 11 bankruptcy this year

  By the time of its first Chapter 11 filing in November 2024, Spirit had lost more than $2.5 billion since the start of 2020 amid COVID-19 struggles.

  Economy

  Feb 24
  
• Clothing retailer Eddie Bauer will begin liquidation sales

  The clothing brand known for its outdoor sportswear has had its doors open for Canadians since 1974 and been open in the U.S. since 1920.

  Canada

  Feb 10
  
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• Time is running out to use Toys ‘R’ Us Canada gift cards amid bankruptcy

  Customers still holding onto Toys 'R' Us Canada physical and digital gift cards are running out of time to use them after the retailer announced it filed for creditor protection.

  Consumer

  Feb 4
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• Toys ‘R’ Us Canada seeks creditor protection, owes vendors at least $120M

  The toy retailer says in court documents that the filing was necessary because it has struggled to cope with inflation, rising labour costs and other headwinds.

  Consumer

  Feb 3
• WeightWatchers files for bankruptcy protection as weight-loss drugs dominate

  The type of bankruptcy allows WeightWatchers to continue operating while it restructures its assets and fights to continue operating.

  Health

  May 7, 2025
• Alberta-based food company Sunterra files for bankruptcy protection

  Speciality grocery chain Sunterra Market may be forced to close after its parent company, Sunterra Farms Ltd., filed for bankruptcy protection in late March.

  Consumer

  Apr 2, 2025
• ‘Very sad to see’: Hudson’s Bay missed opportunity to target new market, expert says

  A Montreal-based retail expert says he believes this is the beginning of the end for the iconic 355-year-old Hudson's Bay brand as it goes through the creditor protection process.

  Canada

  Mar 12, 2025
• Hudson’s Bay seeks creditor protection, plans restructuring amid pressures

  The company says it has been facing significant pressures, including subdued consumer spending, U.S. trade tensions and post-pandemic drops in downtown store traffic.

  Economy

  Mar 7, 2025
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• Canada saw 375 insolvencies per day in 2024, a 15-year high

  The CAIRP says that businesses and consumers should expect continued pressure in 2025 amid potential tariffs and mortgage renewals.

  Economy

  Feb 5, 2025
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• Tupperware files for bankruptcy as demand slumps for its containers

  Tupperware Brands filed for Chapter 11 bankruptcy protection late on Tuesday, succumbing to mounting losses amid poor demand for its once-iconic food storage containers.

  Money

  Sep 18, 2024