Recent filings

Product safety firm Labtest lands in receivership after missed payments

Deloitte will pursue a going-concern sale of the testing and certification business after National Bank cited repeated payment defaults, tax arrears and unreliable financial reporting

Graziella Fine Jewellery placed in receivership after year-long RBC repayment demand

Grant Thornton appointed over Ontario jewellery retailer after court finds repeated reporting defaults, unpaid demand debt and no evidence of refinancing or a capital injection

ThoughtWire launches sale process after customer loss and liquidity crunch

Digital twin software company will test a secured creditor-backed stalking horse bid through a 4-week SISP, supported by up to $300,000 of DIP financing

Tim Hortons franchisee wins more time to sell restaurants in NOI proceeding

M.G.B. Ventures Inc. plans to market at least 3 of its 6 Eastern Ontario locations after tax arrears, lender enforcement and a franchise default notice brought pressure on the business

Gumpert seeks sale after $3 million Elmira plant overrun triggers CCAA filing

Bakery ingredients manufacturer secures FCC DIP financing and proposes two-phase SISP after delayed relocation leaves it with more than $20 million in liabilities

ILAC files for bankruptcy protection

Ottawa office-to-residential conversion placed into receivership

Addenda Capital moves on 495 Richmond Road after more than $25 million loan default and concerns over unauthorized demolition

Drexler Construction placed into receivership

Grant Thornton takes control as contractor winds down with $13.2 million of liabilities, including more than $2.3 million owed to CRA

Felix & Paul Studios files for bankruptcy with $34.5 million of liabilities

Emmy-winning Montreal VR studio collapsed after years of losses, a failed sale process and delays to two lunar missions

Mitchell Press files NOI, sells customer list to Dollco as Burnaby printer winds down

Royalty-only deal wins court approval after a year-long search, and a proposal is planned to preserve tax attributes for the Mitchell Group

1111 Clarkson Road Project Placed Into Receivership After Two-Year CCAA Fails

Kenaidan's choice of receiver wins out over DIP lender's proposed Crowe appointment after two-year CCAA fails to produce a transaction

Innomalt seeks creditor protection after losses mount at new Bécancour malt plant

Quebec malt producer files NOI after rapid revenue growth fails to offset rising losses, with more than $62 million of liabilities and a sale or investment process now underway