Recent filings

$58.7 million Somex residential development placed into receivership

Construction delays and tenant complaints drive filing

Québec robotics manufacturer Noovelia seeks restructuring after trade war disruptions

The autonomous robotics company, with approximately $12.2 million in liabilities, is pursuing an investment or sale after cutting staff and securing an extension of its NOI proceedings

Ontario court orders receivership of stalled Markham condo project owing $57.7 million to Meridian

Justice Dunphy rejects developer's proposed $21.15 million rescue financing and request for more time to pursue CCAA protection, finding no viable alternative to receivership

BMO pushes agricultural equipment dealer AgWest into CCAA over $34.3 million debt

Manitoba and Saskatchewan dealership group with 109 employees faces mounting debt after declining equipment sales, falling used machinery values and expansion pressures

Cash Today placed into limited receivership after $83 million lender dispute

Alberta Court appoints MNP to monitor the asset-based lender's finances and loan collections, while restricting debt repayments and leaving management in control of operations

Brampton development placed into receivership over $26.3 million debt amid questions over second mortgage

Court appoints TDB Restructuring to sell stalled 364-unit project, with any surplus proceeds to be transferred to AlixPartners for review in related litigation involving the developer's principal

EC English's Canadian schools bankrupt with more than $36 million in liabilities

Toronto and Vancouver language centres report minimal assets and substantial debts to affiliated companies following the collapse of EC English's global operations

BC civil contractor placed into receivership after failed refinancing and payroll crisis

RBC moved to enforce approximately $3.9 million in debt after West Horizon Contracting exceeded a temporary borrowing limit, missed payments and failed to secure replacement financing

Paradigm Holdings Inc. and Obasa-Premier Suites Inc. placed into receivership

Spectra Premium returns to CCAA as auto parts maker launches sale process

Automotive supplier enters its second restructuring in six years after falling sales, tariffs and working capital pressures left it unable to refinance approximately $38 million of secured debt

Canstar Restorations placed into receivership with sale to Premium Restoration pending

BMO was owed more than $16.85 million after years of losses left the western Canadian restoration group with a $70 million accumulated deficit; receiver AlixPartners is seeking approval of a going-concern sale through an RVO

OCM Auto Financing placed in receivership after refinancing collapse

National Bank is owed approximately $14.9 million, while another $49.9 million is owed to debenture holders, as KPMG takes control of the sub-prime auto lender and prepares to transition servicing of its loan portfolio