#creditor-protection

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www.cbc.ca
3 months ago
Media industry

SaltWire's money woes a sign of bigger problems in the newspaper business: experts | CBC News

The decline in local journalism is accelerating with closures and cutbacks of news operations.
SaltWire Network facing financial challenges, with a private equity firm initiating insolvency proceedings. [ more ]
#debt
www.cbc.ca
3 months ago
Canada news

SaltWire Network files for creditor protection, has $94M in debt | CBC News

SaltWire Network filed for creditor protection with nearly $100 million in debt.
Fiera Private Debt Fund is owed a third of SaltWire's debt, with legal issues including unpaid taxes and pension plan payments. [ more ]
Coindesk
7 months ago
Business

Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg

Zipmex, a troubled cryptocurrency exchange, has proposed paying creditors 3.35 cents on the dollar in its restructuring plan.
Major creditors have pushed back against the proposals and requested a review of Zipmex's assets and liabilities.
Zipmex froze withdrawals in July 2022 after suffering losses from the collapse of the Terra ecosystem and exposure to bankrupt Celsius Network. [ more ]
www.cbc.ca
3 months ago
Canada news

SaltWire Network files for creditor protection, has $94M in debt | CBC News

SaltWire Network filed for creditor protection with nearly $100 million in debt.
Fiera Private Debt Fund is owed a third of SaltWire's debt, with legal issues including unpaid taxes and pension plan payments. [ more ]
Coindesk
7 months ago
Business

Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg

Zipmex, a troubled cryptocurrency exchange, has proposed paying creditors 3.35 cents on the dollar in its restructuring plan.
Major creditors have pushed back against the proposals and requested a review of Zipmex's assets and liabilities.
Zipmex froze withdrawals in July 2022 after suffering losses from the collapse of the Terra ecosystem and exposure to bankrupt Celsius Network. [ more ]
moredebt
www.cbc.ca
3 months ago
Canada news

Body Shop Canada to lay off 200 workers after parent company took its cash, court docs show | CBC News

The Body Shop Canada seeking creditor protection due to parent company's actions
Company closing one-third of stores and laying off employees as part of restructuring [ more ]
www.cbc.ca
7 months ago
Canada news

Mastermind Toys get order for creditor protection, wants to close some stores | CBC News

Mastermind Toys has obtained creditor protection as it deals with financial challenges and a slowing economy.
All 66 of its stores in Canada will remain open for business, but some stores may close during the proceedings.
The company cites increasing competition and disruptions from the COVID-19 pandemic as significant challenges. [ more ]
www.cbc.ca
1 week ago
Canada news

Ontario court approves sales process for Red Lobster Canada | CBC News

Ontario court approves Red Lobster Canada sales process under creditor protection. [ more ]
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