Creditor Protection

• 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
  
• Judge rejects Hudson’s Bay proposal in creditor protection case

  On Saturday evening, an Ontario judge dismissed Hudson’s Bay's restructuring agreement, raising the chances that lenders could move to push the company into receivership.

  Canada

  Mar 30, 2025
  
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• ‘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
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• Ontario court approves Laurentian University’s restructuring plan

  Ontario's Superior Court of Justice has approved Laurentian University's restructuring plan as the school looks to emerge from creditor protection.

  Education

  Oct 5, 2022
• DavidsTea starts fiscal year by swinging to small profit despite lower sales

  The beverage company says it earned $3.2 million or 12 cents per diluted share for the three months ended May 1.

  Canada

  Jun 15, 2021
• DavidsTea creditors authorize plan to split $18M owed by insolvent beverage company

  DavidsTea filed for creditor protection under the Companies' Creditors Arrangement Act on July 8.

  Canada

  Jun 11, 2021
• Okanagan cannabis company working to revive business, avoid bankruptcy

  True Leaf's situation is being watched closely in Lumby as losing the company would be a significant blow to the village's tax base.

  Cannabis

  Oct 9, 2020
• Cirque du Soleil shareholders terminate offer after deal with creditors

  The Cirque du Soleil's shareholders terminated their takeover bid after the insolvent entertainment business reached an agreement with its creditors.

  Economy

  Jul 16, 2020
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• Coronavirus: Sail to close 6 stores in Ontario and Quebec, affecting 500 employees

  The company, founded more than 40 years ago, will focus on 12 remaining Sail locations, including eight in Quebec and four in Ontario, as well as its e-commerce business.

  Consumer

  Jun 4, 2020
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• B.C. court grants creditor protection to Chinese discount retailer Miniso

  Miniso Canada operates 67 stores in B.C., Alberta, Ontario, Quebec, Nova Scotia, and the Northwest Territories.

  Consumer

  Jul 14, 2019