Court Approves IPICO’s BIA Proposal
IPICO Inc. (TSX-V: RFD) reported today that the Ontario Superior Court of Justice has approved IPICO’s proposal under the Bankruptcy and Insolvency Act (Canada) (BIA). The Court authorized the...
View ArticleAmbrilia Biopharma to File for Bankruptcy
Ambrilia Biopharma Inc. (formerly TSX: AMB) said today that its board of directors has authorized the company to seek court permission to terminate Companies’ Creditors Arrangement Act (Canada) (CCAA)...
View ArticleDistribution of Nortel’s Sale Proceeds in Stalemate
Nortel Networks Corporation (OTC BB: NRTLQ) said the mediation process in respect of the allocation of sale proceeds of Nortel’s various business and asset divestitures and other inter-estate matters,...
View ArticleCanadian and U.S. Courts Approve Nortel’s Patent Portfolio Sale Stalking...
Nortel Networks Corporation (OTC BB: NRTLQ) said it has obtained orders from the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice approving the...
View ArticleMPProjects Assets to Acquire Parlay Entertainment Out of Proposed Bankruptcy
Parlay Entertainment Inc. (TSX-V: PEI), a developer of online gaming technologies, announced today that its board of directors has appointed BDO Canada Limited to act as proposal Trustee in the filing...
View ArticlePrestige Telecom Closes Assets Sale
Prestige Telecom Inc. (TSX-V: PR) has completed the previously announced sale of substantially all of its assets to a company controlled by Thornhill Investments Inc. Thornhill has acquired from...
View ArticleSalamon Group Acquires Assets of Bankrupt ARISE
Salamon Group Inc. (OTC BB: SLMU) announced that on Friday, March 2, 2012, Sunlogics Power Fund Management Inc., its wholly owned subsidiary, completed the court approved acquisition of the assets of...
View ArticleAveos Rejects Air Canada DIP Financing Offer, Shuts Down For Good
Air Canada (TSX: AC.A) said it is disappointed at Aveos Fleet Performance Inc.’s decision to reject its offer of $15 million Debtor-in-Possession (DIP) financing and instead permanently cease...
View ArticleOnex and Goldman Sachs Out in Bankrupt Hawker Beechcraft
Onex Corporation (TSX: OCX) and Goldman Sachs owned business and special mission aircraft maker, Hawker Beechcraft, Inc., has, as previously speculated, filed for bankruptcy protection. Once merging...
View ArticlePoynt files for bankruptcy, Intertainment Media to seek "best possible outcome"
Poynt Corporation (TSX-V: PYN; OTCQX: PNYTF) has filed a Notice of Intention to File a Proposal under the Bankruptcy and Insolvency Act (Canada) (BIA). Hardie & Kelly Inc. will act as trustee under...
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