Multiple rental-property companies founded by former talk-radio host file for insolvency

Multiple rental-property companies founded by Todd Slater, a former talk-radio host and real estate investor, have filed for insolvency, according to documents viewed by The Globe and Mail. Over the past decade, the Simple Investor Real Estate Group, or SIREG, has purchased existing multifamily rental buildings across Ontario and converted them into condominiums. The company…

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What will happen to the money if a bank goes bankrupt: Volodymyr Zelensky signed a law on depositor protection

The new rules aim to strengthen the protection of depositors and creditors and simplify the return of funds in case of bank bankruptcy. President Volodymyr Zelensky signed Law No. 4962-IX, which regulates certain issues related to the activities of the Deposit Guarantee Fund for Individuals, the National Bank of Ukraine, and collective investment institutions. This…

Insolvency Statistics in Canada—2025

Volume of Insolvency Filings In 2025, a total of 145,297 insolvencies under the Bankruptcy and Insolvency Act (BIA) were filed with the Office of the Superintendent of Bankruptcy (OSB). This represents a 1.3% increase from 2024. In addition there were 70 proceedings filed under the Companies’ Creditors Arrangement Act (CCAA) and 846 receiverships. BIA Insolvencies The…