Bankruptcy
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WeightWatchers files for bankruptcy protection as weight-loss drugs dominateThe type of bankruptcy allows WeightWatchers to continue operating while it restructures its assets and fights to continue operating.HealthMay 7
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Alberta-based food company Sunterra files for bankruptcy protectionSpeciality grocery chain Sunterra Market may be forced to close after its parent company, Sunterra Farms Ltd., filed for bankruptcy protection in late March.ConsumerApr 2
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‘Very sad to see’: Hudson’s Bay missed opportunity to target new market, expert saysA 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.CanadaMar 12
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Hudson’s Bay seeks creditor protection, plans restructuring amid pressuresThe company says it has been facing significant pressures, including subdued consumer spending, U.S. trade tensions and post-pandemic drops in downtown store traffic.EconomyMar 7
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Canada saw 375 insolvencies per day in 2024, a 15-year highThe CAIRP says that businesses and consumers should expect continued pressure in 2025 amid potential tariffs and mortgage renewals.EconomyFeb 5
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Tupperware files for bankruptcy as demand slumps for its containersTupperware Brands filed for Chapter 11 bankruptcy protection late on Tuesday, succumbing to mounting losses amid poor demand for its once-iconic food storage containers.MoneySep 18, 2024
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Red Lobster sale approved, will exit bankruptcy protectionA U.S. bankruptcy judge on Thursday approved Red Lobster's reorganization plan and sale to a lender group led by asset manager Fortress.U.S. NewsSep 5, 2024
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Canada Jetlines grounds flights, halts operations amid financial struggleThe discount airline said Thursday it has been unable to find the capital needed to keep flying and plans to file for creditor protection.ConsumerAug 15, 2024
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Struggling with money? What you can do to tackle mounting debtConsumer debt is rising in Canada. If you're feeling the squeeze, here a some steps you can take to start getting your finances in line.ConsumerJul 12, 2024
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Ontario judge upholds Red Lobster’s U.S. bankruptcy case in CanadaAn Ontario judge issued an order Tuesday that recognizes and enforces Red Lobster’s U.S. bankruptcy protection proceedings in Canada.CanadaMay 28, 2024
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