EDC, owed more than C$36 million and US$40 million, appoints receiver after a year-long CCAA process failed to produce a going-concern transaction for the digital marketing group’s foreign subsidiaries
Ontario court appoints Albert Gelman to preserve assets of shuttered rehabilitation business and property company facing about $5.5 million in secured debt and multiple lawsuits
Monitor given enhanced control over auto dealer group after $13 million floorplan shortfall; formal sale process expected to follow
Québec court grants stay through Aug. 14 as company carrying about $43 million of convertible debentures plans to seek approval of a sale and investment solicitation process
What is the test for deciding between competing CCAA and receivership applications?