Etiket: Insolvency
Selection Group Insolvency | Reduced size and fewer employees
The ax is about to fall at Groupe Sélection’s head office, since its size will be considerably reduced. At the same time, the restructuring manager is trying to recover $700,000…
Selection Group Insolvency | $53 million lawsuit against Real Bouclin
At the end of his tether, an investor who lent more than 50 million to Réal Bouclin turns to the courts in the hope of getting paid. The chairman and…
Insolvency cases on the rise… and counting
Last year was not easy for Canadians who had to declare bankruptcy or make a proposal to their creditors: more than 100,000 consumers filed for insolvency in 2022. This is…
Canadian companies | Insolvency cases increased by 37.2% in 2022
(OTTAWA) The number of insolvency cases filed by Canadian businesses in 2022 increased 37.2% from the previous year, the Office of the Superintendent of Bankruptcy said. Posted yesterday at 2:35…
Insolvency cases climbed 16% year-on-year in November
The number of consumer insolvency files increased by 16.3% in November 2022 compared to the same month the previous year, while that for business insolvencies increased by 58.3%, the Office…
Selection Group Insolvency | Company’s appeal attempt rejected; bankers in charge
Groupe Sélection lenders now have free rein to turn around the retirement home giant (RPA). The Quebec Court of Appeal dismissed the company’s claim, which opposed the lower court’s decision…
Selection Group Insolvency | The fate of the RPA giant in the hands of the Court of Appeal
Uncertainty continues to hover over the restructuring of Groupe Sélection since the Quebec Court of Appeal takes under advisement the request for leave to appeal from the giant of seniors’…
[Chronique de Gérard Bérubé] Insolvency on the alert
Already noticed among companies, insolvency is showing its first signs of awakening among consumers. Across Canada, 23,153 insolvency proceedings were initiated by individuals in the first quarter, up 4% from…
Insolvency rebound among Canadians in Q3
(Ottawa) The number of insolvency cases in Canada edged up in the third quarter compared to the same period last year, with slightly more consumers unable to pay their bills.…