Insolvency Guardian Media Centre
Quebec judge declares Northvolt insolvent as province recovers $200 million TorontoToday.ca
Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Delta Optimist
Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Squamish Chief
Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Prince George Citizen
Read the original article here
MONTREAL — A Quebec Superior Court judge has declared insolvent the North American branch of battery maker Northvolt as the provincial government looks to recover $260 million owed to it by the company.
Justice Janet Michelin on Friday placed Northvolt Batteries North America under creditor protection following a request earlier in the week from the Quebec government.
Northvolt laid off its entire workforce on Thursday following Economy Minister Christine Fréchette’s announcement on Tuesday that the government would provide no more funding for the company’s planned electric-vehicle battery plant near Montreal.
The court decision on Friday will allow the company to rehire about 15 employees to maintain the site where the factory…
Read the original article here
The cheque is in the mail, finally.
The last group of people, companies and others owed money by Laurentian University when it declared insolvency four-and-a-half years ago are finally getting at least some of what they’re owed.
The plan to pay back Laurentian’s final creditors is in the works with last week’s completion of a real estate deal between Infrastructure Ontario and Laurentian University.
Back in September of 2022, a plan was put before the unsecured creditors for a vote.
They were told they could be compensated between 14 and 24 cents on the dollar on the amount they were owed, and if they voted against that plan, there was no guarantee of any compensation.
The vote passed.
To raise the money to pay off the creditors, another deal…
Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Oakville News
Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million MooseJawToday.com
Read the original article here
Elusive Adgemis bankruptcy casts doubt over anchor pubs rescue The Australian
Read the original article here
By
Sep 5, 2025 | 9:04 AM
MONTREAL — The Quebec government says it has recovered nearly $200 million on its loan to the North American branch of battery maker Northvolt.
The money comes from bank accounts belonging to Northvolt that were frozen after its Swedish parent company declared bankruptcy in March.
Quebec announced this week it would provide no more funding for the project and is now trying to recover a $240-million guaranteed loan that allowed Northvolt to purchase land for a battery plant near Montreal.
The government is asking Quebec Superior Court to declare the company insolvent and authorize a process for the sale or…
Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Richmond News
Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Squamish Chief