Biden’s new chief of staff, for his part, told NBC their team was less concerned about Trump’s Twitter rants and more focused on getting the General Service Administration nod of approval so they can move forward and receive national security briefings. Zeifmans was appointed Receiver and Liquidator. But you wouldn’t be able to tell based on its recent trajectory. During May 2020, the market saw considerable gains, but Air Canada … Without adequate insurance and security to satisfy the statutory requirements, the companies cannot continue operations. Founded: 1947. The company’s sole remaining asset was cash of approximately $9.9 million (USD). After attempting to regain sales numbers without success, more retailers in Canada are expected to file for bankruptcy protection in the fall, according to Mr. Louis. The Montreal-based company says it will continue … The U.S. has reached 11 million COVID-19 cases, with Black and Latino people disproportionately affected. Air Canada stock is nearing a breaking point. PQ New York had an estimated $100 million to $500 million in liabilities when it filed for bankruptcy. Subscribe to the RSS feed to ensure you always have access to the latest information. These companies are closing locations in 2020. Across Canada there were 137,178 consumer insolvency filings in 2019; 60 per cent were consumer proposals and the rest were bankruptcies. Investors in AMC worried about the risk of bankruptcy. 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. 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. Meanwhile, there were violent clashes over the weekend during pro-Trump protests in D.C. and elsewhere. The crisis like no other in 2020 leaves little room for Canadians to avert bankruptcies. Twitter via @SkullyLowe. The biggest oil and gas bankruptcy of the year--indeed, the biggest since 2016--was EP Energy, which filed for bankruptcy in October, unable to pay back some $5 billion in debt. The Denmark-based parent company of 60 Jack & Jones (a young men’s apparel line) and Vero Moda (affordable women’s clothing) stores filed for bankruptcy on June 2, 2020. Furla joins a long list of well-known retailers that have buckled during the health crisis. SpaceX launched four astronauts to the International Space Station. Globeways Canada Inc. ("Globeways"), a Mississauga, Ontario-based company that carries on business as a processor and wholesaler of pulse crops, was placed in receivership, along with its subsidiaries, on November 19 on application by TD, owed approximately $13.0 million (CAD) and $84.1 thousand (USD). The previous year saw a number of well-known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy. msi Spergel (GRIP) was appointed receiver. LATAM: So far, the largest airline to … Applicant: New Skies Satellites B.V. ("New Skies"), Juch-Tech, a Hamilton, Ontario-based company that provides satellite broadcast and internet transmission and uplink services, was placed in receivership on December 9 on application by New Skies Satellites B.V. ("New Skies"), owed approximately $10.4 million (USD) under a Master Services Agreement. 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