Recent filings

TDB Restructuring appointed over Dundalk, Melancthon and Beeton properties after debt to Dorr Capital rose above $29 million

RBC launches creditor-led CCAA for Premier Health staffing group

Court-supervised process will finalize an expedited sale effort for the cash-flow-negative healthcare staffing business, which owes approximately $45.3 million to secured lenders

Entourage Health enters CCAA for cannabis wind-down and sale process

Ontario court grants creditor-led filing as cannabis producer winds down its adult-use operations and prepares an expedited sale process backed by a $1.1 million DIP facility

Symphony Homes gets CCAA protection to preserve Burnaby townhouse project

Initial order provides access to KingSett-backed interim financing as the developer reassesses the cost of completing 51 partially-built homes

Quebec Court appoints Deloitte receiver of DMB Food Distribution

Food distributor ceased operations after a sale process involving 156 potential investors failed to produce a viable going-concern transaction

Timbercreek credit bids to take over Calgary office tower

MNP was appointed receiver over Life Plaza and obtained same-day approval to sell the 17-storey downtown property to its secured lender after a pre-filing marketing process produced no acceptable third-party offer

Ottawa residential lot developer Onassa placed into receivership

Court authorizes streamlined sales process for 26 serviced lots after more than $8.5 million in secured debt went unpaid

Finstar Group stays in receivership, portfolio for sale

Justice Luc Morin found the developer’s liquidity insolvency, repeated defaults and fragmented creditor enforcement made a court-supervised sale necessary

Field Aviation gets DIP, sale process approval in BIA proposal proceedings

Ontario court approves US$2.5 million Wells Fargo DIP facility and stalking horse process anchored by a US$6.5 million bid from De Havilland and PAL Aerospace

Receiver appointed over Roadx Trucking Group after collateral search concerns

Justice Myers said a court-supervised process was needed to protect and preserve rolling stock collateral amid competing secured claims, unknown truck and trailer locations, and concerns over access to the debtors’ records

Freshstone Brands gets CCAA protection after prepared meals business hit by cost inflation, lower volumes

Ontario court approved an initial stay, Deloitte as monitor and access to $1.6 million of DIP financing, as the company prepares to seek approval of a SISP for its remaining business and assets

Eagle View Heights developers get CCAA protection to finish Gibsons Project