Mastodawn

Gibbons may lose town status amid $15.3M in debt
Gibbons faces potential insolvency after previous town council pushed the community's finances into a $15.3 million hole, but the new council is predicting a balanced budget.
#Economy #Money #Politics #Gibbons
https://globalnews.ca/news/11803254/gibbons-debt-town-status/

Global News Apr 16

Gibbons may lose town status amid $15.3M in debt
Gibbons faces potential insolvency after previous town council pushed the community's finances into a $15.3 million hole, but the new council is predicting a balanced budget.
#Economy #Money #Politics #Gibbons
https://globalnews.ca/news/11803254/gibbons-debt-town-status/

Global News Edmonton Apr 16

Gibbons may lose town status amid $15.3M in debt
Gibbons faces potential insolvency after previous town council pushed the community's finances into a $15.3 million hole, but the new council is predicting a balanced budget.
#Economy #Money #Politics #Gibbons
https://globalnews.ca/news/11803254/gibbons-debt-town-status/

Global News Calgary Apr 16

Gibbons may lose town status amid $15.3M in debt
Gibbons faces potential insolvency after previous town council pushed the community's finances into a $15.3 million hole, but the new council is predicting a balanced budget.
#Economy #Money #Politics #Gibbons
https://globalnews.ca/news/11803254/gibbons-debt-town-status/

CBC Sudbury Apr 8

5 years after Laurentian University insolvency, 3 smaller Sudbury schools trying to survive on their own
Five years ago, facing a financial crisis Laurentian University cut ties with three smaller schools on its Sudbury campus.
The formerly "federated" universities have been trying to reinvent themselves since then and taking differ...
https://www.cbc.ca/news/canada/sudbury/5-years-after-laurentian-university-insolvency-3-smaller-sudbury-schools-trying-to-survive-on-their-own-9.7149026?cmp=rss

DailyDAC Apr 8

A nonconsensual third-party release approved by a Mexican court can be enforced in the United States under Chapter 15 of the Bankruptcy Code.

#BusinessDistress #BusinessLaw&Litigation #Insolvency

https://www.dailydac.com/foreign-third-party-releases-survive-purdue-pharma-at-least-in-chapter-15/

Miss Kitty 🌈🌈🌈Mar 25

#MissKitty #RealityCheck - #Insolvency covers #Iran covers #Epstein covers #Midterms. The buck stops at the midterms. Do whatever you got to do with everything else, and do whatever you can for the midterms! We can begin winning, but just a #majority in #Congress human rights does not make.🔦🔦🔦

DailyDAC Mar 23

DIP financing is a specialized form of lending that allows a bankrupt company to borrow money after filing for bankruptcy protection.

#BusinessDistress #CashCollateral&DIPFinancing #Chapter11Plans/Confirmation #CreditorsCommittee #Insolvency

https://www.dailydac.com/dip-financing-how-companies-fund-a-chapter-11-case/

DailyDAC Mar 16

Debtors often use Chapter 11 bankruptcy for litigation advantages. Whether or not they succeed depends on the facts of the bankruptcy case.

#BankruptcyPetition #BusinessDistress #Chapter11Plans/Confirmation #Insolvency #Valuation

https://www.dailydac.com/fancy-filing-chapter-11-bankruptcy-for-litigation-advantage/

Don Curren 🇨🇦🇺🇦Feb 26

“New data from the Office of the Superintendent of #Bankruptcy ( #OSB) shows there were 140,457 #consumer #insolvency filings in 2025 — the second-highest annual total since record-keeping began in 1987, and the highest in 16 years.” www.thestar.com/business/ins... #Canada #cdnecon

Insolvencies hit 16-year high ...

Insolvencies hit 16-year high while food bank use and cost of living continue to rise

New data shows there were 140,457 consumer insolvency filings in 2025, the highest level in 16 years.

Toronto Star