TORONTO — Canada’s oldest company, Hudson’s Bay, may be on the verge of landing more time to save the six stores it has temporarily been able to rescue from liquidation. An Ontario court has spent the last two days hearing from lawyers about a proposed restructuring that could help the beleaguered department store find a…
TORONTO — One of Hudson’s Bay’s lenders says it’s willing to back changes to a restructuring agreement that would give the retailer more time to find a way to save six six stores it has so far spared from liquidation. A lawyer for Restore Capital LLC says his client is open to revising a deadline…
Canada Jetlines has entered the first stage of a restructuring process under Canada’s Bankruptcy and Insolvency Act (BIA), less than a week after ceasing operations due to a lack of financing. A notice of intention under the BIA permits Canada Jetlines to pursue a restructuring of its affairs and has the effect of imposing an…
City officials are hoping the bankruptcy process would give the city more control over payment of a $22 million judgment it now owes to City Heights Holdings, LLC. CLE ELUM, Wash. — The Cle Elum City Council approved a resolution at a Tuesday night meeting that allows the city to file for bankruptcy in the…
Number of people in Ashfield declared financially insolvent rose in the last year Mansfield and Ashfield Chad Read the original article here
Number of people in Ashfield declared financially insolvent rose in the last year Mansfield and Ashfield Chad Read the original article here
What is a phoenix company? A phoenix company is a business acquired from a formal insolvency process, often by existing directors. This process must adhere to strict guidelines to protect creditor interests. Phoenixism can have a bad reputation, particularly where the new entity is under the same ownership and control as the previous entity. Nevertheless,…
GuocoLand Limited Announces Liquidation of Dormant Subsidiary TipRanks Read the original article here
One of Hudson’s Bay’s lenders says it’s willing to back changes to a restructuring agreement that would give the retailer more time to find a way to save six stores it has so far spared from liquidation. A lawyer for Restore Capital LLC says his client is open to revising a deadline that would force…
KUWAIT CITY, March 27: The Secretariat General of Awqaf sent a letter to the Ministry of Social Affairs announcing its donation of KD1 million for the third National Campaign to Pay the Debts of Citizens. This increases the total donation collected through the campaign to more than KD 7 million; with 15,325 donors so far.…