Bankruptcy
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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
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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
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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
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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
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Red Lobster Canada included in company’s U.S. bankruptcy filingThe filing also notes that an interim stay order was granted in favour of the debtors, which would apply to any of its "property, business and directors and officers."CanadaMay 23
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Insolvencies to remain high in Canada as economy plays catch-up: expertsBusiness insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic.MoneyMar 11
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Online article paints troubled picture of Queen’s University financial situationAn article posted by the Queen's Journal is garnering nationwide attention for painting a bleak picture of the financial situation at the universityCanadaJan 11
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Rudy Giuliani seeks bankruptcy after order to pay $148M in defamation caseIn a filing in U.S. Bankruptcy Court in New York, Giuliani said he had between $100 million and $500 million in liabilities and $1 million to $10 million in assets.U.S. NewsDec 21, 2023
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No government help for customers hit by N.S. fuel company’s bankruptcy: premierNova Scotia's premier says his government won't be providing aid to customers who are out of pocket after a company they prepaid for furnace oil filed for bankruptcy last week.CanadaNov 23, 2023
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Evergrande debt crisis triggers worry, rot at iconic Chateau Montebello hotelThe financial woes of China Evergrande, owner of Canada's storied Chateau Montebello, are causing worries among local municipal leaders, workers, guests and even tourism rivalsCanadaOct 2, 2023
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