News reports indicated that the York Regional Police had recovered more than $500.0 thousand in opioid pills and an illegal handgun during their investigation of an alleged opioid trafficking ring. In addition, New Skies has discovered that the company appears to have moved assets that are subject to the General Security Agreement to a property owned by a related company, possibly to frustrate efforts by New Skies to enforce its security interest. Once a giant in the Canadian retail landscape, Zellers said its last two remaining locations in Toronto and Ottawa are slated to close early in 2020, CTV News Ottawa reported in September. Counsel is MLT Aikins for the applicant, Burnet, Duckworth & Palmer for the receiver, and Caron & Partners for the company. Maple Medi Pharma Inc. et al. Here are the major companies with at least 500 employees that have filed for bankruptcy in 2020. Recent. Sign up for the newsletter and get the latest insolvency news. Meanwhile, there were violent clashes over the weekend during pro-Trump protests in D.C. and elsewhere. With businesses deeply wounded by the COVID-19 pandemic, Canada needs a recovery strategy that fosters a more sustainable and resilient economy. There’s a rational Trump voter too, The urban Atlantic advantage: Work-from-home era offers Halifax more people and more wealth, but at a price, More public bathrooms, less sprawl, better bylaws: 13 prescriptions for our ailing cities from urban innovators, Did he know it was wrong? According to his official itinerary, Trudeau won’t be in his assigned seat for question period this afternoon, but will instead spend the day in ‘private meetings. — Nenshi calls for “smart” restrictions: Calgary mayor Naheed Nenshi outlined which COVID-19 measures he deemed “smart” and necessary, and which ones could be scrapped. More defaults and bankruptcies are expected to come, says a report from S&P Global Ratings, with retail liquidations speeding up. Luby’s charts path for dissolving public company . Academie Linguistique Internationale Inc., a Montreal, Quebec-based company that operated a language school for learning French and English, filed for bankruptcy on December 1, listing approximately $1.0 million in liabilities and $130.0 thousand in assets. Air Canada stock is nearing a breaking point. In accordance with the steps for the voluntary liquidation as approved by shareholders in the Information Circular, the Liquidator will liquidate the portfolio assets of the Fund upon the occurrence of liquidity events or secondary trading opportunities in the underlying portfolio. About 3,600 companies filed for Chapter 11 in the first half of 2020, more than any year since 2012, according to the American Bankruptcy Institute. The Bowra Group, which was appointed Liquidator, assumed control of the Fund and will settle its obligations, dispose of its remaining assets, and make final distributions to shareholders. — Obama speaks (more): Obama has also been on the TV circuit, giving interviews ahead of the release of his latest book. And so far in 2020, the pace of corporate bankruptcy filings in the U.S. has already surpassed every year since 2009, the aftermath of the global financial crisis, Bloomberg data show. This will result in substantially more store closures for the remainder of 2020 and into January of 2021 and beyond. Canada’s top doctor’s COVID-19 report zeroes in on inequality and policy cures. Reitmans specializes in women's apparel and was founded in 1926 by Herman and Sarah Reitman, in Montreal, Quebec, Canada. AMC ended its … Since the criminal charges were laid against Gerges, CWB also became aware that certain of the Debtors were operating without any liability insurance. 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