Sudbury MP PaulLefebvresays more could have been done to help Laurentian University before it declared itself financially insolvent, but a lack of communicationstymied the process. Laurentian’s restructuring under the insolvency processallows it to stay operating while dealing with its financial situation, but dozens of programs and staff have been cut. Lefebvre says when he met…
New research shows a marked increase among small and medium-sized businesses looking to restructure, though only 18 per cent of them plan on seeking out strategic planning assistance to help them navigate doing so. ScotPac on Wednesday released the results of its latest SME Growth Index which shows only 18 per cent of small business…
The number of the unresolved cases is high even after IBBI had allowed exclusion of the lockdown period from the calculation of CIRP process last March. By Ankur Mishra The pandemic has affected the resolution process under the Insolvency and Bankruptcy Code (IBC) regime, which is in its fifth year. Latest data showed further delays…